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    Assessing the impact of corporate entrepreneurship in the financial performance of subsidiaries of Colombian business groups: under environmental dynamism moderation
    (Springer Science and Business Media Deutschland GmbH, 2021-12-01)
    Corporate entrepreneurship creates opportunities in employment, technological advances, value creation, and cultural transformation for entrepreneurial ecosystems, entrepreneurs, governments, economies, and society around the globe. The of this study is to assess the impact of corporate entrepreneurship on the financial performance of subsidiaries in Colombian business groups under the moderating effect of the environmental dynamism, because the relationship between corporate entrepreneurship and financial performance in emerging economies must differ from developed economies. Using a cross-sectional structural equation modeling analysis, this study assessed the impact of entrepreneurial orientation and corporate venturing on the firm financial performance of 87 subsidiaries of Colombian business groups at different levels of environmental dynamism. This study also confirms that the relationship between corporate entrepreneurship and performance is context-dependent and that entrepreneurial orientation has a strong and positive causal relationship with corporate venturing. Additionally, subsidiaries of Colombian business groups increase their financial performance when also does the entrepreneurial orientation, and decrease financial performance when so does corporate venturing. Furthermore, the results show that environmental dynamism does not have a moderating effect on the relationship between corporate entrepreneurship of subsidiaries in Colombian business groups and their performance. This paper would contribute to important areas in Latin America business, where such studies are scarce.
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    Mediating Effect of Entrepreneurial Passion in the Relationship Between Entrepreneurial Orientation and Innovative Work Behavior
    (Emerald Publishing, 2023-08-09)
    This paper aims to analyze the mediating effect of entrepreneurial passion on the relationship between entrepreneurial orientation and innovative work behavior in employees of small- and medium-sized enterprises (SMEs) in Peru. Design/methodology/approach: A nonexperimental cross-sectional design was used. Data were obtained from a random sample of 300 employees of SMEs in the manufacturing, agricultural and livestock sectors in Peru. Findings: The results showed that entrepreneurial orientation has a direct and positive effect on entrepreneurial passion and innovative work behavior. Also, entrepreneurial passion was found to have a mediating effect on the relationship between entrepreneurial orientation and innovative work behavior. Originality/value: The research provides evidence-based knowledge of the causal relationships between three important constructs related to entrepreneurship, analyzing their direct and indirect effects on innovative work behavior.
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    Knowledge Transfer and Entrepreneurial Orientation: The Mediating Effect of the Transactive Memory System
    (Routledge, 2023-01-01)
    The constant dynamism of the market forces companies to prepare and acquire knowledge and manage it properly, which in turn will allow them to achieve higher levels of modernity, stability, and solvency, thus improving their chances of survival. In this research paper, we aim to investigate the relationship between Knowledge Transfer and Entrepreneurial Orientation in light of the mediating role played by the Transactive Memory System. The Transactive Memory System is a variable that has been very little studied and understood, but which requires greater attention because it constitutes a common knowledge platform that is encoded, stored, retrieved, and exchanged among the members of the organisation to obtain specialised knowledge in the performance of tasks. To this aim, we use structural equation modelling and further analyse the mediation effect with alternative tests in a sample of 206 manufacturing MSMEs in Ecuador. Among others, the results indicate that the Transactive Memory System exerts a total mediation role between Knowledge Transfer and Entrepreneurial Orientation. Theoretical contributions and practical implications are discussed.
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    Corporate Entrepreneurship and Firm Performance Relationship Under the Moderating Effect of Environmental Dynamism: Replication and Extension Analysis
    (Springer, 2023-12-01)
    The purpose of this research is to understand the relationship between corporate entrepreneurship and firm performance of large firms in emerging economies, with consideration of the moderating effect of environmental dynamism. This is a quantitative and cross-sectional study, utilizing a multivariate second-order hierarchical component model. The partial least squares structural equation modeling method was employed for analysis. The findings indicate a highly positive impact of entrepreneurial orientation on profitability, while corporate venturing had a high but negative impact on profitability. Regarding the growth model, it was shown that entrepreneurial orientation had a positive but statistically insignificant impact on firm growth, while corporate venturing had a highly negative but statistically insignificant impact on firm growth. Interestingly, the results indicate that environmental dynamism did not have a moderating effect in this context. This paper has significant implications for senior management decision-making regarding the importance of corporate entrepreneurship in the growth and profitability of companies. It is recommended that large companies invest in entrepreneurial orientation because of its positive influence on profitability. This research fills a gap in the literature on the relationship between corporate entrepreneurship and firm performance in large companies in emerging economies. It highlights the importance of context-specific contingencies to the impact of corporate entrepreneurship on the performance of large companies and cautions against generalizing results across different countries, even those with seemingly similar contexts. The study confirms the positive relationship between entrepreneurial orientation and corporate profitability, particularly for large companies.
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    From Strategy to Maintenance: Evidence From Capital-Intensive Organizations
    (Institute of Electrical and Electronics Engineers Inc., 2026-01-01)
    Industrial digitalization and the adoption of smart technologies have transformed asset management in capital-intensive sectors. Despite these advancements, little is known about how organizations translate their strategic orientation into tangible operational outcomes. This study examines how Entrepreneurial Orientation (EO) drives Operational Performance (OP) through Smart Maintenance (SM), considering Environmental Dynamism (ED) as a moderating factor. Drawing on the Dynamic Capabilities Theory (DCT) and the Contingency Theory (CT), a mediated and moderated model integrating strategic and operational domains is proposed. A cross-sectional quantitative approach using partial least squares structural equation modeling (PLS-SEM) was applied to a sample of 204 industrial firms in the manufacturing and mining sectors in Peru. The results showed that EO significantly influenced SM (β = 0.51; p < 0.001) and that SM improved OP (β = 0.35; p < 0.001), providing evidence of the partial mediation of SM between EO and OP. ED showed direct positive effects on both SM and OP, although its moderating influence on EO-related paths was not significant. The model achieved R² = 0.37 for OP and R² = 0.36 for SM, with satisfactory predictive validity (Q² > 0). These findings enhance the understanding of SM as a translation mechanism between strategy and performance, reinforcing the importance of aligning entrepreneurial capabilities, technology, and environmental dynamism to improve operational competitiveness in emerging economies.
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    Entrepreneurial orientation, organisational performance, innovation, gender, and corporate governance in family businesses: a mediation and moderation model
    (Cogent OA, 2025-01-01)
    This study examines the mediating role of innovation (INN) in the relationship between entrepreneurial orientation (EO) and organisational performance (PER) in Ecuadorian family businesses. It also incorporates the moderating effects of gender diversity and corporate governance. A PLS-SEM structural equation model was applied to data from 317 family businesses of various sizes and sectors in Ecuador. The validity of the measurement model was assessed through an analysis of convergent and discriminant validity (Fornell-Larcker criterion and HTMT ratio), and the hypotheses were tested with bootstrapping (5,000 subsamples). The results indicate a positive and significant direct relationship from EO to innovation and from innovation to performance. However, the direct path from EO to organisational performance was not significant. Crucially, it was found that innovation significantly mediates the relationship between EO and organisational performance, specifically demonstrating a partial indirect-only mediation. Neither gender diversity nor corporate governance significantly moderated the direct relationship between EO and organisational performance. The model explained a considerable variance in innovation and a modest variance in organisational performance, demonstrating predictive relevance. The study provides new evidence from the Latin American context by demonstrating that innovation is the main channel that translates entrepreneurial orientation into organisational outcomes in family businesses, while gender and governance factors do not have a direct moderating role. These findings reinforce the need to prioritise innovation strategies as a critical way to capitalise on entrepreneurial potential in environments with emerging institutional structures.
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    Entrepreneurial orientation: a bibliometric analysis and comparative literature review between Latin America and the USA
    (Inderscience Publishers, 2025-12-14)
    Most studies on entrepreneurial orientation (EO) have focused on developed countries, leaving emerging economies relatively underexplored despite their high entrepreneurial activity. This paper seeks to systematise the literature on EO across Latin America and the USA. A bibliometric analysis was conducted on 75 manuscripts from the Scopus database, complemented by a comparative literature analysis of 36 relevant papers. The results show that 75 articles were published across 53 journals, among which the Journal of Small Business and Enterprise Development accounts for five articles and 203 citations. Moreover, most of the manuscripts were published ten years ago or less, with a peak of publications in 2020, mainly from the USA. A thematic map revealed five key clusters of research: competitive advantage, entrepreneurship, internationalisation, sustainability, and management practices, whose content the literature review helped to clarify. From these findings, several research propositions were formulated, offering future directions for EO studies in emerging economies.
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