Abstract

This study investigates the longer-term effects of corporate entrepreneurship intensity on operating profitability, revenue growth and return on equity. Our period of investigation is 2000- 2014 and includes periods of economic upturn and downturn. We have four research questions: (1) How stable is EO over the years? (2) Does corporate entrepreneurship intensity (EO) in established firms lead to longer-term financial performance improvement. (3) Does the effect on firm performance differ in times of economic growth and downturn? And (4), are stable levels of corporate entrepreneurship intensity better for firms than fluctuating ones?

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