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                                       Details van artikel 21 van 25 gevonden artikelen
 
 
  The Relationship Between Entrepreneurial Intensity and Shareholder Value Creation
 
 
Titel: The Relationship Between Entrepreneurial Intensity and Shareholder Value Creation
Auteur: Pierre Erasmus
Retha Scheepers
Verschenen in: Managing global transitions
Paginering: Jaargang 6 (2008) nr. 3 pagina's 229-256
Jaar: 2008
Inhoud: Innovation and entrepreneurship have long been regarded as sources of value and wealth creation. Previous research has shown that there is a positive relationship between enterprises’ levels of entrepreneurship and their financial performance. Little research, however, has hitherto focused on measuring the relationship between entrepreneurship and shareholder value creation. In this study the relationship between the entrepreneurial intensity and the shareholder value created by an enterprise is investigated. An adapted corporate entrepreneurship (CE) measurement instrument is applied in order to gauge entrepreneurial intensity, while shareholder value creation is measured by the market adjusted total share return (TSR) and the value based financial performance measure Economic Value Added (EVA). The study is conducted for a sample of enterprises listed in the industrial sector of the Johannesburg Securities Exchange (JSE) for the period 2003–2005. The contribution of the study is the focus on the relationship between entrepreneurial intensity and shareholder value creation, rather than purely on the accounting-based financial performance of an enterprise.
Uitgever: University of Primorska (provided by DOAJ)
Bronbestand: Elektronische Wetenschappelijke Tijdschriften
 
 

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