Kacperczyk, O (2012) Opportunity structures in established firms: entrepreneurship versus intrapreneurship in mutal funds. Administrative Science Quarterly, 57 (3). pp. 484-521. ISSN 0001-8392
Abstract
This study revisits the well-established notion that large and mature organizations stifle an employee's ability and motivation to become an entrepreneur. Using unique data on U.S. mutual funds founded between 1979 and 2005, I examine whether large and mature firms, which are typically associated with lower individual rates of entrepreneurship, are also associated with lower individual rates of intrapreneurship. The findings show that, though employees in large and mature organizations are less likely to transition to entrepreneurship, they nonetheless exhibit a higher propensity to pursue venturing opportunities inside the established firm than employees in smaller and younger firms. The results suggest that the observed negative effect of large, mature organizations on entrepreneurship arises partly due to high rates of intrapreneurship and that the stultification processes in such organizations are far less important than has been generally assumed.
More Details
Item Type: | Article |
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Subject Areas: | Strategy and Entrepreneurship |
Additional Information: |
© 2016 Johnson Graduate School, Cornell University |
Date Deposited: | 17 Jan 2017 12:49 |
Subjects: |
Entrepreneurs Corporate strategy Investment funds |
Last Modified: | 02 Dec 2024 02:41 |
URI: | https://lbsresearch.london.edu/id/eprint/779 |