How agents, resources and capabilities mediate the effect of corporate entrepreneurship on multinational firms' performance

Abstract

This study established a broad theoretical framework combining agency theory and resource and capacity theory. We sought evidence of these theories’ implications for corporate entrepreneurship (CE) and an understanding of how corporate entrepreneurship affects performance. To identify relationships between these theories and concepts, we designed a research model and tested it using data from a questionnaire to 114 multinational firms. Findings provide general support for this theory, indicating that CE is positively associated with principal management-based incentives and capabilities on performance.