Corporate Entrepreneurship Model Based on Corporate Governance
Keywords:
Corporate entrepreneurship, Corporate governance, Global market competition, Model fitAbstract
Currently, several business organizations are inclined toward corporate entrepreneurship to cope with today's global market competition. Corporate entrepreneurship is also considered an approach to modernizing an organization, as it involves innovation and motivates investment in new ventures. Accordingly, this study examines the interaction between corporate entrepreneurship and corporate governance. This research is applied in terms of purpose, as the beneficiaries of the research use it, and it is descriptive-correlational, as it examines the relationship between the research variables. Additionally, this research is exploratory with an inductive approach and an interpretive philosophy with a developmental direction. For this purpose, a mixed-method (qualitative and quantitative) approach was used. Correlation analysis was conducted using SPSS22 software, and structural equation modeling (SEM) was performed using PLS Smart software to examine the model fit. Based on the research findings, there is a significant correlation between the dimensions of corporate entrepreneurship and corporate governance. According to the composite reliability results, Dillon-Goldstein coefficients exceed 0.7, and the average variance extracted (AVE) values are above 0.5. Additionally, a goodness-of-fit (GoF) value above 0.36 indicates better model quality, with the developed model in this study achieving a GoF of 0.411. Thus, it can be concluded that the interaction model of corporate entrepreneurship and corporate governance demonstrates a desirable fit.
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Copyright (c) 2025 Shahriar Fatehi (Author); Jahangir Yadollahi Farsi; Seyed Mostafa Razavi (Author)
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