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Casting a wider performance net: The role of entrepreneurial orientation in boosting overall firm stakeholder value

Year: 2015

Type: article

Abstract: This study offers a broader perspective on the effects of entrepreneurial orientation beyond its well-established implications for firm financial performance. Herein, it is suggested that through higher firm innovativeness, risk taking, and proactiveness entrepreneurial orientation contributes to an increase in the overall value accrued by the firm’s base of stakeholders. In doing so, we offer a broader perspective on the significance of an entrepreneurial orientation strategic posture for increasing stakeholder value beyond simply the financial value captured by firm shareholding stakeholders. Results from a comprehensive sample of 1,015 public US corporations indicate significant relationships between the three core dimensions of entrepreneurial orientation (innovativeness, risk taking, proactiveness) and stakeholder value, suggesting that how organizations behave entrepreneurially plays an important role in the firms generation of stakeholder value.

Source: Journal of Management & Organization

DOI: 10.1017/jmo.2015.36

Authors: Ali M Shahzad, William J Wales, Mark P Sharfman, Christopher M Stein

Institutions: James Madison University, University at Albany, State University of New York, University of Oklahoma, University of Central Florida

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2274229828

FWCI: 3.782

Cites: 136

Cited by: 18

Related to: 10