Corporate entrepreneurship and financial performance: the case of management leveraged buyouts
Article Abstract:
Management experts are divided on the effects of leveraged buyouts (LBOs) on a company's capacity to innovate. The debt arising from LBOs may either limit the finances needed for entrepreneurial programs or it may present executives with opportunities for innovation. Previous studies have focused on the effects of LB0s on R&D spending. Data from the senior executives of 125 manufacturing LBO firms were collected by phone or mail. From the data gathered, four hypotheses on the interrelationships of commitment to corporate entrepreneurship and corporate performance were tested.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 1995
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Environment, corporate entrepreneurship, and financial performance: a taxonomic approach
Article Abstract:
Variations in corporate entrepreneurship activities, including such aspects as new product introduction, creation of new business, reformulation of mission and reorganization, are examined in light of the external environment. Cluster analysis is used to characterize environments as dynamic or static, hospitable or hostile, etc, and applied to data for 102 firms in six industrial classification codes (SICs). The relation between financial performance and corporate entrepreneurship in various environments is considered via a taxonomic approach.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 1993
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Technology strategy and financial performance: examining the moderating role of the firm's competitive environment
Article Abstract:
The relationship between technology strategy and financial performance was studied using data from 176 manufacturing firms. The results showed that the impact of technology strategy on financial performance is largely influenced by a company's perceptions of its competitive environment. The effectiveness of technology strategies can be clearly seen through its financial performance if the company perceives an environment of dynamism and heterogeneity. Conversely, its effectiveness is less obvious in an environment characterized by hostility.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 1996
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