CORPORATE ENTREPRENEURSHIP AND SERVICE FIRMS’ PERFORMANCE IN NIGERIA
The study examines the effect of corporate entrepreneurship (CE) as measured by innovation, risk taking, proactiveness, strategic renewal and corporate venturing on service firm non-financial performance as measured by market share, employee’s satisfaction, efficiency, productivity and workforce de...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2019-05-01
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| Series: | Economic Review |
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| Online Access: | http://er.ef.untz.ba/index.php/er/article/view/78 |
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| _version_ | 1823861277901979648 |
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| author | Moruff Sanjo Oladimeji Adebiyi Julius Abosede Benneth Uchenna Eze |
| author_facet | Moruff Sanjo Oladimeji Adebiyi Julius Abosede Benneth Uchenna Eze |
| author_sort | Moruff Sanjo Oladimeji |
| collection | DOAJ |
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The study examines the effect of corporate entrepreneurship (CE) as measured by innovation, risk taking, proactiveness, strategic renewal and corporate venturing on service firm non-financial performance as measured by market share, employee’s satisfaction, efficiency, productivity and workforce development. The study employed a survey research design through the administration of a structured questionnaire on 636 employees of 21 service firms, purposively selected. The questionnaire was validated by eight assessors (four academics and four management staff of service firms), in order to ensure that the instrument measures what it is designed to measure. The test re-test method was employed to test the reliability of the instrument, by conducting a pilot study, whereby, the questionnaire was administered twice within an interval of two weeks to 20 management staff of service firms, and the result of the two tests was correlated. This yielded a value of 0.78, which implies that the instrument is reliable. The data was analyzed with the aid of Stata12 and the findings reveal that CE elements account for 56% variation in service firm’s performance (Adj R-squared =0.5604). The findings further suggest that innovation, risk taking, proactiveness and corporate venturing significantly affect service firm performance, while strategic renewal does not significantly affect service firm performance. It is therefore recommended that in employing CE elements to enhance nonfinancial performance, service firm managers should focus on innovation, risk taking, corporate venturing and proactiveness, while strategic renewal should be employed cautiously.
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| format | Article |
| id | doaj-art-ab703f322b5d475d83d17b58d3156b6d |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2019-05-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-ab703f322b5d475d83d17b58d3156b6d2025-02-10T00:31:01ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2019-05-01171CORPORATE ENTREPRENEURSHIP AND SERVICE FIRMS’ PERFORMANCE IN NIGERIAMoruff Sanjo Oladimeji0Adebiyi Julius Abosede1Benneth Uchenna Eze2Onabanjo University, Ago – Iwoye, Ogun State, NigeriaDepartment of Business Administration, Faculty of Administration & Management Sciences, Olabisi Onabanjo University, Ago – Iwoye, Ogun State, NigeriaDepartment of Business Administration, Faculty of Management and Social Sciences, Hallmark University, Ijebu-Itele, Ogun State, Nigeria The study examines the effect of corporate entrepreneurship (CE) as measured by innovation, risk taking, proactiveness, strategic renewal and corporate venturing on service firm non-financial performance as measured by market share, employee’s satisfaction, efficiency, productivity and workforce development. The study employed a survey research design through the administration of a structured questionnaire on 636 employees of 21 service firms, purposively selected. The questionnaire was validated by eight assessors (four academics and four management staff of service firms), in order to ensure that the instrument measures what it is designed to measure. The test re-test method was employed to test the reliability of the instrument, by conducting a pilot study, whereby, the questionnaire was administered twice within an interval of two weeks to 20 management staff of service firms, and the result of the two tests was correlated. This yielded a value of 0.78, which implies that the instrument is reliable. The data was analyzed with the aid of Stata12 and the findings reveal that CE elements account for 56% variation in service firm’s performance (Adj R-squared =0.5604). The findings further suggest that innovation, risk taking, proactiveness and corporate venturing significantly affect service firm performance, while strategic renewal does not significantly affect service firm performance. It is therefore recommended that in employing CE elements to enhance nonfinancial performance, service firm managers should focus on innovation, risk taking, corporate venturing and proactiveness, while strategic renewal should be employed cautiously. http://er.ef.untz.ba/index.php/er/article/view/78corporate entrepreneurshipinnovationproactivenessrisk takingstrategic renewalcorporate venturing |
| spellingShingle | Moruff Sanjo Oladimeji Adebiyi Julius Abosede Benneth Uchenna Eze CORPORATE ENTREPRENEURSHIP AND SERVICE FIRMS’ PERFORMANCE IN NIGERIA Economic Review corporate entrepreneurship innovation proactiveness risk taking strategic renewal corporate venturing |
| title | CORPORATE ENTREPRENEURSHIP AND SERVICE FIRMS’ PERFORMANCE IN NIGERIA |
| title_full | CORPORATE ENTREPRENEURSHIP AND SERVICE FIRMS’ PERFORMANCE IN NIGERIA |
| title_fullStr | CORPORATE ENTREPRENEURSHIP AND SERVICE FIRMS’ PERFORMANCE IN NIGERIA |
| title_full_unstemmed | CORPORATE ENTREPRENEURSHIP AND SERVICE FIRMS’ PERFORMANCE IN NIGERIA |
| title_short | CORPORATE ENTREPRENEURSHIP AND SERVICE FIRMS’ PERFORMANCE IN NIGERIA |
| title_sort | corporate entrepreneurship and service firms performance in nigeria |
| topic | corporate entrepreneurship innovation proactiveness risk taking strategic renewal corporate venturing |
| url | http://er.ef.untz.ba/index.php/er/article/view/78 |
| work_keys_str_mv | AT moruffsanjooladimeji corporateentrepreneurshipandservicefirmsperformanceinnigeria AT adebiyijuliusabosede corporateentrepreneurshipandservicefirmsperformanceinnigeria AT bennethuchennaeze corporateentrepreneurshipandservicefirmsperformanceinnigeria |