The relationship between corporate entrepreneurship and its competitiveness in China: The moderating effect of employee stock ownership plan
Using data from Chinese publicly listed companies spanning from 2010 to 2022, this study examines the relationship between corporate entrepreneurship, employee stock ownership plans (ESOPs), and corporate competitiveness. The findings show that the influence of corporate entrepreneurship on enterpri...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-11-01
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| Series: | Heliyon |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844024150207 |
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| author | Yushan Cao Mengshu Wan |
| author_facet | Yushan Cao Mengshu Wan |
| author_sort | Yushan Cao |
| collection | DOAJ |
| description | Using data from Chinese publicly listed companies spanning from 2010 to 2022, this study examines the relationship between corporate entrepreneurship, employee stock ownership plans (ESOPs), and corporate competitiveness. The findings show that the influence of corporate entrepreneurship on enterprise competitiveness is significantly “U-shaped”. As the degree of corporate entrepreneurship increases, it initially demonstrates a significant negative impact on enterprise competitiveness, followed by a significant positive impact. Mechanism testing reveals that the implementation of ESOPs can expedite the enhancement of corporate competitiveness. Further analysis suggests that compared to arbitrage entrepreneurship, innovative entrepreneurship can contribute to sustained enhancements in enterprise competitiveness. At the same level of corporate entrepreneurship, the increase in competitive capabilities of large companies surpasses that of Small and Medium-sized (S&M) companies. This paper provides empirical evidence and theoretical guidance for studying the economic implications of different types of corporate entrepreneurship. |
| format | Article |
| id | doaj-art-c8ffc972901a4d279c8d08c94b9982b9 |
| institution | Kabale University |
| issn | 2405-8440 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj-art-c8ffc972901a4d279c8d08c94b9982b92024-11-15T06:12:30ZengElsevierHeliyon2405-84402024-11-011021e38989The relationship between corporate entrepreneurship and its competitiveness in China: The moderating effect of employee stock ownership planYushan Cao0Mengshu Wan1Jiangxi University of Finance and Economics, Nanchang, Jiangxi, ChinaJiangxi University of Finance and Economics, Nanchang, Jiangxi, China; Jiangxi Agricultural University, Nanchang, Jiangxi, China; Corresponding author. Jiangxi University of Finance and Economics, Nanchang, Jiangxi, China.Using data from Chinese publicly listed companies spanning from 2010 to 2022, this study examines the relationship between corporate entrepreneurship, employee stock ownership plans (ESOPs), and corporate competitiveness. The findings show that the influence of corporate entrepreneurship on enterprise competitiveness is significantly “U-shaped”. As the degree of corporate entrepreneurship increases, it initially demonstrates a significant negative impact on enterprise competitiveness, followed by a significant positive impact. Mechanism testing reveals that the implementation of ESOPs can expedite the enhancement of corporate competitiveness. Further analysis suggests that compared to arbitrage entrepreneurship, innovative entrepreneurship can contribute to sustained enhancements in enterprise competitiveness. At the same level of corporate entrepreneurship, the increase in competitive capabilities of large companies surpasses that of Small and Medium-sized (S&M) companies. This paper provides empirical evidence and theoretical guidance for studying the economic implications of different types of corporate entrepreneurship.http://www.sciencedirect.com/science/article/pii/S2405844024150207Corporate entrepreneurshipEnterprise competitivenessEmployee stock ownership plansInnovative entrepreneurshipArbitrage entrepreneurship |
| spellingShingle | Yushan Cao Mengshu Wan The relationship between corporate entrepreneurship and its competitiveness in China: The moderating effect of employee stock ownership plan Heliyon Corporate entrepreneurship Enterprise competitiveness Employee stock ownership plans Innovative entrepreneurship Arbitrage entrepreneurship |
| title | The relationship between corporate entrepreneurship and its competitiveness in China: The moderating effect of employee stock ownership plan |
| title_full | The relationship between corporate entrepreneurship and its competitiveness in China: The moderating effect of employee stock ownership plan |
| title_fullStr | The relationship between corporate entrepreneurship and its competitiveness in China: The moderating effect of employee stock ownership plan |
| title_full_unstemmed | The relationship between corporate entrepreneurship and its competitiveness in China: The moderating effect of employee stock ownership plan |
| title_short | The relationship between corporate entrepreneurship and its competitiveness in China: The moderating effect of employee stock ownership plan |
| title_sort | relationship between corporate entrepreneurship and its competitiveness in china the moderating effect of employee stock ownership plan |
| topic | Corporate entrepreneurship Enterprise competitiveness Employee stock ownership plans Innovative entrepreneurship Arbitrage entrepreneurship |
| url | http://www.sciencedirect.com/science/article/pii/S2405844024150207 |
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