Financial performance impacts of Corporate Entrepreneurship in Emerging markets: A case of Turkey

Abstract

The aim of this study is to examine the effects of four sub-dimensions of corporate entrepreneurship (hereafter CE) on firms' financial performance in Turkey. The research of this study has been conducted from 2032 respondents of 312 firms which are largely active in Turkey as an emerging economy. Concerning research data have been gathered by the SOBAG Project 104K117 which is supported by The Scientific and Technological Research Council of Turkey. To test the financial performance effects of CE the scales for the dimensions of CE and financial performance have been adopted from the existing literature. A series of reliability and validity tests are conducted for the measurement of the scales. Confirmatory factor analysis and multiple regression analysis have been conducted to test the hypotheses. The results of this research will provide guidelines to help investors managers and also academicians to comprehend the importance of CE well on the way to create financially successful firm performance and sustain it in developing countries. © EuroJournals Inc. 2008. © 2009 Elsevier B.V. All rights reserved.