Adopting an institutional perspective, we propose that home country intellectual property (IP) and
employee protection institutions moderate the relationship between corporate entrepreneurship
(CE) and firm performance. Examining 9,642 European firms, we find that whereas internal CE is
more positively correlated with firm performance ...
Adopting an institutional perspective, we propose that home country intellectual property (IP) and
employee protection institutions moderate the relationship between corporate entrepreneurship
(CE) and firm performance. Examining 9,642 European firms, we find that whereas internal CE is
more positively correlated with firm performance in countries with less stringent IP protection and
less stringent employee protection, external CE is particularly negatively correlated with firm
performance in countries with less stringent IP protection and more stringent employee protection.
These results provide a richer view of the relationship between CE and firm performance than the
extant entrepreneurship and international businesses literatures suggest
