Abstract

While many researchers have explored drivers of Corporate Entrepreneurship (CE), there is a scarcity of published research as to how the Board of Directors influences CE.

This research explores the relationship between the perceptions and attitudes of a company’s Board of Directors and its entrepreneurship and develops a construct that models the relationship.

The construct, Board Entrepreneurial Potential (BEP), is an adaptation of Krueger & Brazeal’s (1994) construct of Entrepreneurial Potential (EP).

The construct is adapted by assuming that Board perception as to the desirability of CE reflects its view as to the expected market (financial and labor) reactions to the company’s actions (Fama, 1980), and its interpretation of shareholder preferences; while its perception as to the feasibility of CE is based on its assessment of its corporate entrepreneurial efficacy.

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