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Subject: search.filters.subject.Empresas--Colombia

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    Assessing the Impact of Corporate Entrepreneurship in the Financial Performance of Subsidiaries of Colombian Business Groups: under Environmental Dynamism Moderation
    (Pontificia Universidad Católica del Perú, 2021-03-24) Rodríguez Peña, Antonio; Marquina Feldman, Percy Samoel
    Corporate entrepreneurship creates opportunities in employment, technological advances, value creation and cultural transformation for entrepreneurial ecosystems, entrepreneurs, governments, economies and societies around the globe. The purpose of this study was to assess the impact of corporate entrepreneurship on the financial performance of subsidiaries in Colombian business groups under the moderating effect of the environmental dynamism, since the relationship between these two in emerging economies differs from developed economies. Using a cross-sectional Structural Equation Modeling analysis, this study assessed the impact of entrepreneurial orientation and corporate venturing on the financial performance of 87 subsidiaries of Colombian business groups at different levels of environmental dynamism. This study also confirmed that the relationship between corporate entrepreneurship and performance is context-dependent, and that entrepreneurial orientation has a strong and positive causal relationship with corporate venturing. Additionally, it was observed that subsidiaries of Colombian business groups increase their financial performance when the entrepreneurial orientation does; and decrease the same when corporate venturing does. Furthermore, the results show that environmental dynamism does not have a moderating effect on the relationship between corporate entrepreneurship of subsidiaries in Colombian business groups and their performance. This dissertation would contribute to important areas in Latin American businesses, where such studies are scarce.
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    Knowledge management and firm performance: the mediating effect of entrepreneurial orientation
    (Pontificia Universidad Católica del Perú, 2020-05-07) Franco Ruiz, Camilo; Afcha Chávez, Sergio Moisés; Román Calderón, Juan Pablo
    Entrepreneurship in Latin-American is high compared to other regions. However, there is little innovation. (Lederman, Messina, Pienknagura, & Rigolini, 2014). Lumpkin and Dess (1996) highlighted that holding an Entrepreneurial Orientation (EO) relays on possessing five dimensions that contribute to a Firm Performance (FP). Therefore, a question arises about to what extent firms from emerging markets, such as Colombian companies, possess this orientation and to what extent EO has presented a positive relationship on their FP. In addition, to what extent these firms that implemented Knowledge Management (KM) practices have seen the EO-FP relationship influenced. Few studies are found that reflect the reality of firms from Latin-American markets in this context (Chen, Saarenketo, & Puumalainen, 2016; Martin & Javalgi, 2016) A quantitative, cross-sectional and correlational research was conducted in a sample of Medellin companies. This research found that there is a positive significant relationship between KM and FP on Colombian companies, although this relationship is fully mediated by EO. This should encourage managers from emerging economies to implement KM practices that have a positive effect on their Sales Growth. However, these practices ought be accompanied simultaneously with the promotion of EO. EO must be identified as a “strategic dimension” that companies recurrently present in a given period of time (J. G. Covin & Slevin, 1991). Also, EO does not remain constant over time; companies that possess it may show phases of high EO and low EO, based on their strategic reactions to environmental conditions (Wales, Monsen, & McKelvie, 2011). As KM practices influence positively firm innovation performance (Alegre, Sengupta, & Lapiedra, 2011), companies can expect better innovation performance when they implement KM practices. However, without EO, KM may not have any effect on a company’s Sales Growth, since it needs EO to mediate in such relationship. One of the limitations of this research is that the data collected is mainly from Medellin’s companies. Also, the small sample size of 90 observations may present another limitation. Similar studies from different countries in Latinamerica can be carried out and comparative analyses can be performed with this research in the Colombian context.