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Research on Corporate Entrepreneurship in Developing Countries: A Review and Agenda for Future Directions

  • Jairo Orozco ORCID logo , Andreu Turro ORCID logo and David Urbano ORCID logo EMAIL logo
Published/Copyright: September 8, 2023

Abstract

The majority of research on corporate entrepreneurship focuses on developed countries and overlooks that various cultural and economic contexts may lead to different intensities and behaviors in entrepreneurial activities. This omission could challenge extant theoretical models and assumptions. Accordingly, this article intends to analyze the literature on corporate entrepreneurship in developing countries. The paper adopts a two-step research approach, a systematic literature review, and a bibliometric (co-word analysis) analysis of 85 articles published between 1999 and 2021. We identify the major articles, journals, and scholars that made significant contributions to the field within the context by summarizing and describing indicators, such as number of publications, citations, theoretical and methodological perspectives, topic trends, and thematic maps. Analysis enables the study to establish that research on corporate entrepreneurship in developing countries comprises three major thematic classifications, namely, determinants and effects of corporate entrepreneurship; determinants of intrapreneurship and performance, and dynamic capabilities and corporate entrepreneurship. In summary, this article contributes to an enhanced understanding of the concepts and dimensions of corporate entrepreneurship within developing countries. In addition, it provides a research agenda; hence, we propose future directions that shape the dynamics of the field and that provide relevant insights for researchers and managers interested in corporate entrepreneurship in the context of developing countries.


Corresponding author: David Urbano, Department of Business, Universitat Autonoma de Barcelona, Edifici B, Campus UAB, Barcelona, 08193, Spain; and Centre for Entrepreneurship and Social Innovation Research (CREIS) , Universitat Autonoma de Barcelona , Barcelona , Spain. E-mail:

  1. Research funding: Jairo Orozco acknowledges financial support for PhD studies from COLFUTURO PCB 2019 and Universidad EAN (Colombia). Andreu Turro and David Urbano acknowledge the financial support from projects PID2022-141777NB-I00 (Spanish Ministry of Science & Innovation) and 2021 SGR 00719 (Research & Universities Department, Catalan Government). Finally, David Urbano also acknowledges the financial support from ICREA under ICREA Academia programme.

Appendix
Appendix 1:

List of countries*.

Developed countries Transition countries Developing countries
Australia Albania Afghanistan Lesotho
Austria Bosnia and Herzegovina Algeria Liberia
Belgiuma Montenegro Angola Libya
Canada North Macedonia Argentina Madagascar
Denmark Serbia Bahamas Malawi
Finlanda Armenia Bahrain Malaysia
Francea Azerbaijan Bangladesh Maldives
Germany Belarus Barbados Mali
Greece Georgiaa Belize Mauritania
Iceland Kazakhstan Benin Mauritius
Ireland Kyrgyzstan Bhutan Mexico
Italy Republic of Moldova Bolivia Mongolia
Japan Russian Federation Botswana Morocco
Luxembourg Tajikistan Brazil Mozambique
Netherlands Turkmenistan Brunei Darussalam Myanmar
New Zealand Ukraineb Burkina Faso Namibia
Norway Uzbekistan Burundi Nepal
Portugal Montenegro Cabo Verde Nicaragua
Spain North Macedonia Cambodia Niger
Sweden Poland Cameroon Nigeria
Switzerland Republic of Moldova Central Africa Oman
United Kingdom Romania Central African Republic Pakistan
United States Russian Federation Chad Panama
Bulgaria Serbia Chile Papua New Guinea
Croatia Slovakia China Paraguay
Cyprusa Slovenia Colombia Peru
Czechia Tajikistan Comoros Philippines
Estonia Turkmenistan Congo Qatar
Hungary Ukraine Congo Republic of Korea
Latvia Uzbekistan Costa Rica Rwanda
Lithuaniaa Côte d’Ivoire Samoa
Maltaa Cuba Sao Tome and prinicipe
Poland Democratic Saudi Arabia
Romania Djibouti Senegal
Slovakia Dominican Republic Sierra Leone
Slovenia Ecuador Singapore
Egypt Solomon Islands
El Salvador Somalia
Equatorial Guinea South Africa
Eritrea South Asia
Eswatini South Sudan
Ethiopia Sri Lanka
Fiji State of Palestine
Gabon Sudan
Gambia Suriname
Ghana Syrian Arab Republic
Guatemala Taiwan province of China
Guinea Tanzania
Guinea-Bissau Thailand
Guyana Timor-Leste
Haiti Togo
Honduras Trinidad and Tobago
Hong Kong SAR Tunisia
India Turkey
Indonesia Uganda
Iran United Arab Emirates
Iraq United Republic
Israel Uruguay
Jamaica Vanuatu
Jordan Venezuela
Kenya Viet Nam
Kiribati West Africa
Kuwait Yemen
Lao Zambia
Lebanon Zimbabwe
  1. *Based on the Monthly Briefing World Economic Situation and Prospects. 2023. February (169). Economic Analysis and Policy Division (EAPD) of UN DESA. New York.

Appendix 2:

Articles included in the systematic literature review.

Author(s) Title Journal Year
Agapie, A.; Vizitiu, C.; Cristache, S.; Nastase, M.; Craciun, L.; Molanescu, A. Analysis of corporate Entrepreneurship in Public R&D Institutions Sustainability 2018
Agca, V.; Topal, Y.; Kaya, H. Linking intrapreneurship activities to multidimensional firm performance in Turkish manufacturing firms: an empirical study International Entrepreneurship and Management Journal 2012
Ali, A.; Kelley, D. J.; Levie, J. Market-driven entrepreneurship and institutions Journal of Business Research 2020
Alpkan, L.; Bulut, C.; Gunday, G.; Ulusoy, G.; Kilic, K. Organizational support for intrapreneurship and its interaction with human capital to enhance innovative performance Management Decision 2010
An, W.; Zhao, X.; Cao, Z.; Zhang, J.; Liu, H. How Bricolage drives corporate entrepreneurship: the roles of opportunity identification and learning orientation Journal of Product Innovation Management 2018
Antoncic, B; Hisrich, R. Intrapreneurship: Construct refinement and cross-cultural validation Journal of Business Venturing 2001
Antoncic, B.; prodan, I. Alliances, corporate technological entrepreneurship and firm performance: Testing a model on manufacturing firms Technovation 2008
Aziz, N. A.; Omar, N. A. Exploring the effect of internet marketing orientation, learning orientation and market orientation on innovativeness and performance: sme (exporters) perspectives Journal of Business Economics and Management 2013
Azulay, I.; Lerner, M.; Tishler, A. Converting military technology through corporate entrepreneurship Research Policy 2002
Bachmann, J.; Engelen, A.; Schwens, C. Toward a better understanding of the association between strategic planning and entrepreneurial orientation – the moderating role of national culture Journal of International Management 2016
Ben Arfi, W.; Hikkerova, L. Corporate entrepreneurship, product innovation, and knowledge conversion: the role of digital platforms Small Business Economics 2019
Calabro, A.; Torchia, M.; Jimenez, Gimenez, D. ; Kraus, S. The role of human capital on family firm innovativeness: the strategic leadership role of family board members International Entrepreneurship and Management Journal 2020
Celec, R.; Globocnik, D.; Kruse, P. Resources, capabilities, export performance and the moderating role of entrepreneurial orientation in the context of SMEs European Journal of International Management 2014
Chang, Y.; Liu, Y.; Chang, C. A multilevel examination of entrepreneurial orientation and corporate entrepreneurship: the joint impact of unit-level social capital and firm-level transformational leadership Entrepreneurship Research Journal 2019
Chang, Y.; Wang, X.; Cui, A. Solving the innovation problem in state-owned firms: The role of entrepreneurial orientation and high-commitment HR practices Industrial Marketing Management 2019
Chen, M.; Chang, Y.; Chang, Y. C. Entrepreneurial orientation, social networks, and creative performance: Middle managers as corporate entrepreneurs Creativity and Innovation Management 2015
Chen, Y.; Tang, G.; Jin, J.; Xie, Q.; Li, J. CEOs’ transformational leadership and product innovation performance: the roles of corporate entrepreneurship and technology orientation Journal of Product Innovation Management 2014
Dai, W.; Arndt, F.; Liao, M. Hear it straight from the horse’s mouth: recognizing policy-induced opportunities Entrepreneurship and Regional Development 2020
Dai, W.; Liao, M. Entrepreneurial attention to deregulations and reinvestments by private firms: Evidence from China Asia pacific Journal of Management 2019
Dai, W. ; Si, S. Government policies and firms’ entrepreneurial orientation: Strategic choice and institutional perspectives Journal of Business Research 2018
De Clercq, D.; Castaner, X.; Belausteguigoitia, I. Entrepreneurial initiative selling within organizations: towards a more comprehensive motivational framework Journal of Management Studies 2011
De Clercq, D.; Dimov, D.; Belausteguigoitia, I. Perceptions of adverse work conditions and innovative behavior: the buffering roles of relational resources Entrepreneurship Theory and Practice 2016
Douglas, E. J.; Fitzsimmons, J. R. Intrapreneurial intentions versus entrepreneurial intentions: distinct constructs with different antecedents Small Business Economics 2013
Falahat, M.; Knight, G.; Alon, I. Orientations and capabilities of born global firms from emerging markets International Marketing Review 2018
Filatotchev, I.; Wright, M.; Buck, T.; Zhukov, V. Corporate entrepreneurs and privatized firms in Russia, Ukraine, and Belarus Journal of Business Venturing 1999
Gao, Y.; Ge, B.; Lang, X.; Xu, X. Impacts of proactive orientation and entrepreneurial strategy on entrepreneurial performance: An empirical research Technological Forecasting and Social Change 2018
Genc, E.; Dayan, M.; Genc, O. F. The impact of SME internationalization on innovation: The mediating role of market and entrepreneurial orientation Industrial Marketing Management 2019
Guerrero, M.; Amoros, J.; Urbano, D. Do employees’ generational cohorts influence corporate venturing? A multilevel analysis Small Business Economics 2019
Gupta, V.; MacMillan, I.; Surie, G. Entrepreneurial leadership: developing and measuring a cross-cultural construct Journal of Business Venturing 2004
Gupta, V. K.; Batra, S. Entrepreneurial orientation and firm performance in Indian SMEs: Universal and contingency perspectives International Small Business Journal-Researching Entrepreneurship 2016
Huang, S.; ding, D.; Chen, Z. Entrepreneurial leadership and performance in chinese new ventures: a Moderated mediation model of exploratory innovation, exploitative innovation and environmental dynamism Creativity and Innovation Management 2014
Hughes, M.; Mustafa, M. Antecedents of corporate entrepreneurship in SMEs: evidence from an emerging economy Journal of Small Business Management 2017
Jiao, H.; Alon, I.; Koo, C. K.; Cui, Y. When should organizational change be implemented? The moderating effect of environmental dynamism between dynamic capabilities and new venture performance Journal of Engineering and Technology Management 2013
Kaya, N. The impact of human resource management practices and corporate entrepreneurship on firm performance: evidence from Turkish firms International Journal of Human Resource Management 2006
Kearney, C.; Hisrich, R. D.; Antoncic, B. The mediating role of corporate entrepreneurship for external environment effects on performance Journal of Business Economics and Management 2013
Knoerr, H.; Alvarez, C.; Urbano, D. Entrepreneurs or employees: a cross-cultural cognitive analysis International Entrepreneurship and Management Journal 2013
Kreiser, P. M.; Marino, L. D.; Kuratko, D. F.; Weaver, K. M. Disaggregating entrepreneurial orientation: the non-linear impact of innovativeness, proactiveness and risk-taking on SME performance Small Business Economics 2013
Lee, T.; Chu, W. The relationship between entrepreneurial orientation and firm performance: Influence of family governance Journal of Family Business Strategy 2017
Liebregts, W.; Stam, E. Employment protection legislation and entrepreneurial activity International Small Business Journal-Researching Entrepreneurship 2019
Liu, J.; Chen, J.; Tao, Y. Innovation Performance in new Product development Teams in China’s Technology Ventures: The Role of Behavioral Integration dimensions and collective Efficacy Journal of Product Innovation Management 2015
Luo, X.; Zhou, L.; Liu, S. Entrepreneurial firms in the context of China’s transition economy: an integrative framework and empirical examination Journal of Business Research 2005
Lyu, C.; Yang, J.; Zhang, F.; Teo, T. S. H.; Gue, W. Antecedents and consequence of organizational unlearning: Evidence from China Industrial Marketing Management 2020
Martin, S. L.; Javalgi, R. G. Explaining performance determinants: A knowledge based view of international new ventures Journal of Business Research 2019
Martin, S. L.; Javalgi, R. G.; Ciravegna, L. Service advantage built on service capabilities: An empirical inquiry of international new ventures Journal of Business Research 2018
Mitchell, R.; Boyle, B.; Nicholas, S.; Maitland, E.; Zhao, S. Boundary conditions of a curvilinear relationship between decision comprehensiveness and performance: The role of functional and national diversity Journal of Business Research 2016
Mustafa, M.; Lundmark, E.; Ramos, H. M. Untangling the relationship between human resource management and corporate entrepreneurship: the mediating effect of middle managers’ knowledge sharing Entrepreneurship Research Journal 2016
Nasution, H. N.; Mavondo, F. T.; Matanda, M. J.; Ndubisi, N. Entrepreneurship: Its relationship with market orientation and learning orientation and as antecedents to innovation and customer value Industrial Marketing Management 2011
Pandey, J.; Gupta, M.; Hassan, Y. Intrapreneurship to engage employees: role of psychological capital Management Decision 2020
Pati, R. K.; Nandakumar, M. K.; Ghobadian, A.; Ireland, R. D.; O’Regan, N. Business model design-performance relationship under external and internal contingencies: Evidence from SMEs in an emerging economy Long Range Planning 2018
Ramirez-Pasillas, M.; Lundberg, H.; Nordqvist, M. Next generation External Venturing Practices in Family owned Businesses Journal of Management Studies 2020
Rigtering, J. P. C.; Eggers, F.; Kraus, S.; Chang, M. Entrepreneurial orientation, strategic planning and firm performance: the impact of national cultures European Journal of International Management 2017
Runyan, R. C.; Ge, B.; Dong, B.; Swinney, J. L. Entrepreneurial orientation in cross-cultural research: assessing measurement invariance in the construct Entrepreneurship Theory and Practice 2012
Sakhdari, K.; Burgers, H.; Farsi, J. Y.; Rostamnezhad, S. Shaping the organisational context for corporate entrepreneurship and performance in Iran: the interplay between social context and performance management International Journal of Human Resource Management 2020
Sakhdari, K.; Burgers, J. H. The moderating role of entrepreneurial management in the relationship between absorptive capacity and corporate entrepreneurship: an attention-based view International Entrepreneurship and Management Journal 2018
Sanz, L.; Lessiza, M. Lidersoft Journal of Business Research 2013
Sargent, J.; Matthews, L. The drivers of evolution/upgrading in Mexico’s maquiladoras: How important is subsidiary initiative? Journal of World Business 2006
Schneider, M.; Engelen, A. Enemy or friend? The cultural impact of cross-functional behavior on the EO-performance link Journal of World Business 2015
Sebora, T. C.; Theerapatvong, T. Corporate entrepreneurship: a test of external and internal influences on managers’ idea generation, risk taking, and proactiveness International Entrepreneurship and Management Journal 2010
Stam, E. Knowledge and entrepreneurial employees: a country-level analysis Small Business Economics 2013
Sun, B.; Liu, Y. Business model designs, big data analytics capabilities and new product development performance: evidence from China European Journal of Innovation Management 2020
Sun, S. L.; Yang, X.; Li, W. Variance-enhancing corporate entrepreneurship under deregulation: An option portfolio approach Asia pacific Journal of Management 2014
Tang, G.; Wei, L.; Snape, E.; Ng, Y. C. How effective human resource management promotes corporate entrepreneurship: evidence from China International Journal of Human Resource Management 2015
Tang, G.; Yu, B.; Chen, Y.; Wei, L. Unpacking the mechanism linking market orientation and corporate entrepreneurship: the mediating role of human resource management strength Asia pacific Journal of Management 2019
Tang, Z.; Hull, C. An investigation of entrepreneurial orientation, perceived environmental hostility, and strategy application among chinese smes Journal of Small Business Management 2012
Thomas, N.; Randolph, A.; Marin, A. A network view of entrepreneurial cognition in corporate entrepreneurship contexts A socially situated approach Management Decision 2020
Turro, A.; Urbano, D.; peris-Ortiz, M. Culture and innovation: The moderating effect of cultural values on corporate entrepreneurship Technological Forecasting and Social Change 2014
Urban, B. The effect of pro-entrepreneurship architecture on organisational outcomes Journal of Business Economics and Management 2012
Urban, B.; Wood, E. The innovating firm as corporate entrepreneurship European Journal of Innovation Management 2017
Urban, B.; Wood, E. The importance of opportunity recognition behaviour and motivators of employees when engaged in corporate entrepreneurship Journal of Business Economics and Management 2015
Urbano, D.; Alvarez, C.; Turro, A. Organizational resources and intrapreneurial activities: an international study Management Decision 2013
Wales, W. J.; Shirokova, G.; Sokolova, L.; Stein, C. Entrepreneurial orientation in the emerging Russian regulatory context: the criticality of interpersonal relationships European Journal of International Management 2016
Wan, W.; Liu, L.; Wang, X. How user-driven innovation and employee intrapreneurship promote platform enterprise performance Management Decision 2020
Wang, E. S. T.; Juan, P. Y. Entrepreneurial orientation and Service Innovation on consumer Response: A BandB case Journal of Small Business Management 2016
Wang, Z.-M.; Wang, S. Modelling regional HRM strategies in China: An entrepreneurship perspective International Journal of Human Resource Management 2008
Wei, L.Q.; Ling, Y. CEO characteristics and corporate entrepreneurship in transition economies: Evidence from China Journal of Business Research 2015
Widya-Hasuti, A.; Mardani, A.; Streimikiene, D.; Sharifara, A.; Cavallaro, F. The role of process innovation between firm-specific capabilities and sustainable innovation in SMEs: empirical evidence from Indonesia Sustainability 2018
Wu, C. W. Global-innovation strategy modeling of biotechnology industry Journal of Business Research 2013
Wu, H. L.; Lin, B. W.; Chen, C. J. Examining governance-innovation relationship in the high-tech industries: Monitoring, incentive and a fit with strategic posture International Journal of Technology Management 2007
Xu, H.; Guo, H.; Zhang, J.; Dang, A. Facilitating dynamic marketing capabilities development for domestic and foreign firms in an emerging economy Journal of Business Research 2018
Yiu, D. W.; Hoskisson, R. E.; Bruton, G. D.; Lu, Y. Dueling institutional logics and the effect on strategic entrepreneurship in chinese business groups Strategic Entrepreneurship Journal 2014
Yiu, D. W.; Lau, C. M. Corporate entrepreneurship as resource capital configuration in emerging market firms Entrepreneurship Theory and Practice 2008
Yu, A.; Lumpkin, G. T.; parboteeah, K. P.; Stambaugh, J. E. Autonomy and family business performance: The joint effect of environmental dynamism and national culture International Small Business Journal-Researching Entrepreneurship 2019
Yuan, W.; Bao, Y.; Olson, B. J. CEOs’ ambivalent interpretations, organizational market capabilities, and corporate entrepreneurship as responses to strategic issues Journal of World Business 2017
Yunis, M.; Tarhini, A.; Kassar, A. The role of ICT and innovation in enhancing organizational performance: The catalysing effect of corporate entrepreneurship Journal of Business Research 2018
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Received: 2023-02-12
Accepted: 2023-08-04
Published Online: 2023-09-08

© 2023 Walter de Gruyter GmbH, Berlin/Boston

Articles in the same Issue

  1. Frontmatter
  2. Competitive Research Articles
  3. Impact of Entrepreneurial Orientation on MSME Performance: Mediating Role of Entrepreneurial Competency
  4. The Development of Corporate Entrepreneurship among Emerging Economy SMEs: Insights from Both Institutional and Contingency Theory
  5. The Dynamic Capabilities of High-Turbulent Markets: Indonesian Start-Up Cases During COVID-19 Pandemic
  6. Entrepreneurship, Resource Rents and Institutions
  7. The Scaling Strategies and the Scaling Performance of Chinese Social Enterprises: The Moderating Role of Organizational Resources
  8. Research on Corporate Entrepreneurship in Developing Countries: A Review and Agenda for Future Directions
  9. The Impact of Initial Intellectual Property Decisions of Start-Ups on Innovation Performance
  10. Social Capital and Innovative Performance in Networks: The Journey of Romanian SaaS Entrepreneurs
  11. Gender Differences in the use of Social Capital for Entrepreneurial Activity Within Contexts of Poverty
  12. Commitment Helps: The Positive Effects of Long-Term Orientation and Family Ownership on Firms’ International Expansion
  13. Institutional Environment, Executive Equity Incentive, and Enterprise Innovation: The Case of China
  14. Determinants of Entrepreneurial Employee Activity in Saudi Arabia
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