Skip to main navigation menu Skip to main content Skip to site footer

Elaborating on a new entrepreneur typology from the corporate governance perspective

DOI:

https://doi.org/10.15678/IER.2022.0801.01

Abstract

Objective: This work aims to build a new entrepreneur typology in line with corporate governance approaches adopted by the enterprises and therefore to adequately implement public policy and strategy about entrepreneurship, since governance is an important basis for decision-making.

Research Design & Methods: To achieve the above objective, associations are established between entrepreneur types and corporate governance approaches via multiple correspondence analysis with grouping method for discretization and variable principal for normalization.

Findings: Findings highlight a new entrepreneur typology, which comprises four types of entrepreneurs with regard to corporate governance approaches. The new typology is as follows: structure-oriented shareholder; behaviour-oriented stakeholder; legal control oriented and economic-managerial control oriented.

Implications & Recommendations: This work has theoretical implications which reside in the need to use corporate governance for strategic modelling. It also has practical implications in that it is easier and more appropriate to make decisions from corporate governance approaches than from types of enterprises. Thus, enterprises and the state must take advantage of these implications to improve the entrepreneurship productivity.

Contribution & Value Added: This work conceives a new entrepreneur typology in line with corporate governance. Thus, it allows promoting strategic modelling based on corporate governance in business and public areas.

Keywords

new entrepreneur typology, corporate governance approaches, strategic implications, ex-post typologies, multiple correspondence analysis

(PDF) Save

Author Biography

Driss El Kadiri Boutchich

Professor-Researcher at the Higher School of Technology, Mohammed First University, Morocco. He is also Director of the research laboratory in Management and Development of Enterprises and Organizations. He has a PhD in applied economics and a graduate degree in management techniques. He is a reviewer in several international journals including SCOPUS indexed journals. Finally, he is the author of several scientific works in French and in English in journals including SCOPUS indexed journals, book chapters and proceedings.


References

  1. Albu, N., & Mateescu, R.A. (2015). The Relationship between Entrepreneurship and Corporate Governance. The Case of Romanian listed Companies. Amfiteatru Economic Journal, 17(38), 44-59.
  2. Alexandre, L. (2016). Typologie des entrepreneurs, une approche par le genre. Revue de l’Entrepreneuriat, 15(3-4), 109-127. https://doi.org/doi:10.3917/entre.153.0109
  3. Aljazzazen, S. A. (2021). Entrepreneurial ecosystem of Luxembourg: Empirical insights into barriers and stimuli based on GEI data. International Entrepreneurship Review, 7(2), 43-53. https://doi.org/10.15678/IER.2021.0702.04
  4. Bartholomeusz, S., & Tanewski, G.A. (2006). The Relationship between Family Firms and Corporate. Journal of Small Business Management, 44(2), 245-267. https://doi.org/10.1111/j.1540-627X.2006.00166.x
  5. Bätz, K., & Siegfried, P. (2021). Complexity of culture and entrepreneurial practice. International Entrepreneurship Review, 7(3), 61-70. https://doi.org/10.15678/IER.2021.0703.05
  6. Belenzon, S., Berkovitz, T., & Bolton, P. (2009). Intracompany Governance and Innovation. http://dx.doi.org/10.2139/ssrn.1442968
  7. Bell, R.G., Filatotchev, I. & Aguilera, R.V. (2014). Corporate governance and investors’ perceptions of foreign IPO value: an institutional perspective. Academy of Management Journal, 57(1), 301-320. http://dx.doi.org/10.5465/amj.2011.0146
  8. Bertoni, F., Meoli, M., & Vismara, S. (2014). Board independence, ownership structure and the valuation of IPOs in continental Europe. Corporate Governance: An International Review, 22(2), 116-131. https://doi.org/10.1111/corg.12051
  9. Block, J.H., & Wagner, M. (2010). Necessity and Opportunity Entrepreneurs in Germany: Characteristics and Earnings Differentials. Schmalenbach Business Review, 62, 154-174. https://doi.org/10.1007/BF03396803
  10. Bjørnskov, C., & Foss, N. (2010). Economic freedom and entrepreneurial activity: some cross-country evidence. In Freytag, A. & Thurik, R. (Eds.), Entrepreneurship and Culture (pp. 201-225). Springer. https://doi.org/10.1007/978-3-540-87910-7_10.
  11. Bosma, N., Content, J., Sanders, M.,& Stam, E. (2018). Institutions, entrepreneurship, and economic growth in Europe. Small Business Economics, 51, 483-499. https://doi.org/10.1007/s11187-018-0012-x
  12. Bourdieu, P. (1972). Esquisse d’une théorie de la pratique. Précédée de trois études d’ethnologie kabyle. Droz.
  13. Bowen, H. P., & De Clercq, D. (2008). Institutional context and the allocation of entrepreneurial effort. Journal of International Business Studies, 39(4), 747-767. https://doi.org/10.1057/palgrave.jibs.8400343
  14. Brunninge, O., Nordqvist, M., & Wiklund, J. (2007). Corporate Governance and Strategic Change in SMEs: The Effects of Ownership, Board Composition and Top Management Teams. Small Business Economics, 29, 295-308. https://doi.org/10.1007/s11187-006-9021-2
  15. Calabrò, A., & Mussolino, D. (2013). How do boards of directors contribute to family SME export intensity? The role of formal and informal governance mechanisms. Journal of Management & Governance, 17(2), 363-403. https://doi.org/10.1007/s10997-011-9180-7
  16. Cannatelli, B., M. Pedrini, M., & Braun, M. (2019). Individual-level antecedents of the entrepreneurial approach: the role of different types of passion in the Italian craft brewing industry. International Entrepreneurship and Management Journal, 15(4). https://doi.org/10.1007/s11365-019-00585-6
  17. Cappelletti, L., Voyant, O., & Savall, H. (2018). Quarante ans après son invention : la méthode des coûts cachés. ACCRA, 2(2), 71-91.
  18. Chen, M.-H., & Chang, Y.-Y. (2018). Typology of creative entrepreneurs and entrepreneurial success. Journal of Enterprising Communities: People and Places in the Global Economy, 12(5), 632-656. https://doi.org/10.1108/JEC-07-2017-0041
  19. Dallago, B. (2002). Corporate Governance and Governance Paradigms. Journal of Economics and Business, 5(2), 173-196.
  20. Da-Silva, W.M., & Black, E.L. (2005). Corporate Governance Strategy, and Supply Management Performance: an Empirical Analysis of Companies Listed in Sao Paulo Stock Exchange. International Law & Management Review, 2(1), 43-64.
  21. Daval, H., Deschamps, B., & Geindre, S. (2002). Proposition d’une grille de lecture des profils d’entrepreneurs. La Revue des Sciences de Gestion, 32, 53-74.
  22. De Clercq, D., Danis, W.M., & Dakhli, M. (2010). The moderating effect of institutional context on the relationship between associational activity and new business activity in emerging economies. International Business Review, 19(1), 85-101. https://doi.org/10.1016/j.ibusrev.2009.09.002
  23. Dilli, S., Elert, N., & Herrmann, A.M. (2018). Varieties of entrepreneurship: exploring the institutional foundations of different entrepreneurship types through ‘Varieties-of-Capitalism’ arguments. Small Business Economics, 51, 293-320. https://doi.org/10.1007/s11187-018-0002-z
  24. El Ghak, T., Gdairia, A. & Abassi, B. (2020). High-tech Entrepreneurship and Total Factor Productivity: the Case of Innovation-Driven Economies. Journal of the Knowledge Economy, 12, 1152-1186. https://doi.org/10.1007/s13132-020-00659-9
  25. El Kadiri Boutchich, D. (2020). Factors with significant impact on efficiency of research laboratories: case of the Public university. Quality & Quantity, 54(4), 1317-1333. https://doi.org/10.1007/s11135-020-00987-7
  26. El Kadiri Boutchich, D. (2021a). Impact of ethics on research productivity in higher education. International Journal of Ethics Education, 6, 253-271. https://doi.org/10.1007/s40889-021-00123-5
  27. El Kadiri Boutchich, D. (2021b). Research Governance in Public University: Proposal of a Composite Index. Journal of Education, July. https://doi.org/10.1177/00220574211032582
  28. El Kadiri Boutchich, D., & Gallouj, N. (2022). The dark side of innovation in local authorities: influential typologies and impacted modalities. International Journal of Innovation Science – ahead-of-print. https://doi.org/10.1108/IJIS-08-2021-0159
  29. Fairlie, R.W., & Fossen, F.M. (2018). Opportunity versus Necessity Entrepreneurship: Two Components of Business Creation. IZA DP No. 11258. http://ftp.iza.org/dp11258.pdf
  30. Fayolle, A. (2012). Entrepreneuriat. Apprendre à entreprendre. Dunod.
  31. Fenwick, M., McCahery, J.A., & Vermeulen, E.P.M. (2019). The End of ‘Corporate Governance’: Hello ‘Platform’ Governance. European Business Organization Law Review, 20, 171-199. https://doi.org/10.1007/s40804-019-00137-z
  32. Filatotchev, I., & Nakajima, C. (2014). Corporate Governance, Responsible Managerial Behavior, and Corporate Social Responsibility: Organizational Efficiency Versus Organizational Legitimacy? Academy of Management Perspectives, 28(3), 289-306. https://doi.org/10.5465/amp.2014.0014
  33. Filion, L.J. (2000). Six types de propriétaires-dirigeants de PME. Revue Organisations et Territoires, 9(1), 5-16.
  34. Forouharfar, A., Rowshan, S.A., & Salarzehi, H. (2019). Social entrepreneurship strategic grid: Visualizing Class fi-cation, orientation and dimensionality in the strategic paradigms of governmental-scale social entrepreneurship (A literature-based approach). Cogent Business & Management, 6(1). https://doi.org/10.1080/23311975.2019.1644714
  35. Fredström, A., Peltonen, J., & Wincent, J. (2020). A country-level institutional perspective on entrepreneurship productivity: The effects of informal economy and regulation. Journal of Business Venturing, 36(5). https://doi.org/10.1016/j.jbusvent.2020.106002
  36. Fu, K., Wennberg, K., &. Falkenhall, B. (2020). Productive entrepreneurship and the effectiveness of insolvencylegislation: a cross-country study. Small Business Economics, 54, 383-404. https://doi.org/10.1007/s11187-018-0040-6
  37. Galvão, A., Ferreira, J.J., & Marques, C. (2018). Entrepreneurship education and training as facilitators of regional development: A systematic literature review. Journal of Small Business and Enterprise Development, 25(1), 17-40. https://doi.org/10.1108/JSBED-05-2017-0178
  38. Ge, J., Stanley, L.J., Eddleston, K., & Kellermanns, F.W. (2017). Institutional deterioration and entrepreneurial investment: the role of political connections. Journal of Business Venturing, 32(4), 405-419. https://doi.org/10.1016/j.jbusvent.2017.04.002
  39. Ghewy, P. (2010). Guide pratique de l’analyse de données, avec applications sous IBM SPSS Statistics et Excel, Questionnez, analysez… et décidez.” De Boeck.
  40. Giacomin, O., Janssen, F., & Guyot, J.L. (2016). Entrepreneurs de nécessité et d’opportunité : quels comportements durant la phase de création ? Revue de l’Entrepreneuriat, 15(3-4), 181-204.
  41. Gilleskie, D. (2014). Dynamic Models: Econometric Considerations of Time. In Anthony J. Culyer (Ed.), Encyclopedia of Health Economics, Vol. 1 (pp. 209-216). Elsevier. DOI : 10.1016/B978-0-12-375678-7.00721-5
  42. Global Entrepreneurship Monitor. (2017). GEM Morocco 2017 Report. https://www.gemconsortium.org/economy-profiles/morocco-2
  43. Goo, S.H. (2017). An Economic Efficiency Approach to Reforming Corporate Governance: The Case of Multiple Stakeholder Boards. Asian Journal of Law and Society, 4(2), 387- 404. https://doi.org/10.1017/als.2017.10
  44. Grandclaude, D., & Nobre, T. (2018). Approche sociologique et typologique des logiques de croissance de l’entre-preneur. Revue internationale P.M.E, 31(2), 161-200.
  45. Hagen, A., Emmanuel, T., & Alshare, K. (2005). Major determinants of entrepreneurship in mid-size companies: Empirical investigation. In: Southwest Decision Sciences Institute, 2005 Conference Proceedings (pp.468-478), Dallas, USA, 3-4 March.
  46. Hung, H., & Mondejar, R. (2005). Corporate directors and entrepreneurial innovation: An empirical study. The Journal of Entrepreneurship, 14(2), 117-129. https://doi.org/10.1177/097135570501400203
  47. Islami, X., Mustafa, N., & Topuzovska Latkovikj, M. (2020). Linking Porter’s generic strategies to firm performance. Future Business Journal, 6(3). https://doi.org/10.1186/s43093-020-0009-1
  48. Janssen, F. (2011). Entreprendre : une introduction à l’entrepreneuriat. De Boeck Supérieur.
  49. Khurshed, A. , Lin, S., & Wang, M. (2011). Institutional block-holdings of UK firms: do corporate governance Mech-anisms matter? The European Journal of Finance, 17(2), 133-152. https://doi.org/10.1080/13518471003638658
  50. Mason, C., & Simmons, J. (2014). Embedding Corporate Social Responsibility in Corporate Governance: A Stake-holder Systems Approach. Journal of Business Ethics, 119(1), 77-86. https://doi.org/10.1007/s10551-012-1615-9
  51. Larsson, J.P., & Thulin, P. (2019). Independent by necessity? The life satisfaction of necessity and opportunity entrepreneurs in 70 countries. Small Business Economics, 53, 921-934. https://doi.org/10.1007/s11187-018-0110-9
  52. Li, H., Terjesen, S. & Umans, T. (2020). Corporate governance in entrepreneurial firms: a systematic review and research agenda. Small Business Economics, 54, 43-74. https://doi.org/10.1007/s11187-018-0118-1
  53. Maizatul, A. M., & Shahril, E.I. (2011). Governance Structure and the Creativity and Innovation Process. The Inter-national Journal of Interdisciplinary Social Sciences: Annual Review, 6(1), 231-238. DOI: 10.18848/1833-1882/CGP/v06i01/51999
  54. Mazzarol, T., & Reboud, S. (2020a). Adoption and Diffusion of Innovation. In: Entrepreneurship and Innovation. Springer Texts in Business and Economics. Springer. https://doi.org/10.1007/978-981-13-9412-6_6
  55. Mazzarol, T., & Reboud, S. (2020b). Entrepreneurship as a Social and Economic Process. In: Entrepreneurship and Innovation. Springer Texts in Business and Economics. Springer. https://doi.org/10.1007/978-981-13-9412-6_1
  56. Messeghem, K., &. Sammut, S. (2011). L’Entrepreneuriat. Cormelles-le-Royal : EMS.
  57. Mota, A., Braga, V., & Ratten, V. (2019). Entrepreneurship Motivation: Opportunity and Necessity. In: Ratten V, Jones, P., Braga, V. & Marques, C. (Eds.), Sustainable Entrepreneurship. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-030-12342-0_8
  58. Ndemezo, E., & Kayitana, C. (2018). Corporate Governance, Corporate Entrepreneurship and Firm Performance: Evidence from the Rwandese Manufacturing Industry. Indian Journal of Corporate Governance, 11(2), 103-121. https://doi.org/10.1177/0974686218806715
  59. Nordberg, D. (2018). Edging Toward ‘Reasonably’ Good Corporate Governance. Philosophy of Management, 17, 353-371. https://doi.org/10.1007/s40926-017-0083-9
  60. OECD. (2015). Recommendation of the Council on Principles of Corporate Governance. https://legalinstruments.oecd.org/en/instruments/OECD-LEGAL-0413
  61. Omri, W., Becuw, A., &. Mathe, J.C. (2014). Ownership structure and innovative behavior: testing the mediatory
  62. role of board composition. Journal of Accounting in Emerging Economies, 4(2), 220-239. https://doi.org/10.1108/JAEE-07-2012-0033
  63. Parkinson, C., & Howorth, C. (2008). The language of social entrepreneurs. Entrepreneurship & Regional Develo-pment, 20(3), 285-309. https://doi.org/10.1080/08985620701800507
  64. Prabhu, G.N. (1999). Social Entrepreneurial Leadership. Career Development International, 4(3), 140-145. https://doi.org/10.1108/13620439910262796
  65. Rahim, M.M. (2012). Corporate Governance as Social Responsibility: A Meta-regulation Approach to Raise Social Responsibility of Corporate Governance in a Weak Economy. In S. Boubaker & D.K.Nguyen (Eds.), Board Directors and Corporate Social Responsibility (pp. 145-166). Palgrave Macmillan. https://doi.org/10.1057/9780230389304_8
  66. Ramadani, V., Memili, E., Palalic, R., &. Chang, E.P.C. (2020). Strategic management in family business. In V. Rama-Dani, E. Memili, R. Palalic, &. E.P.C. Chang (Eds.), Entrepreneurial Family Businesses: Innovation, Governance, and Succession (pp. 43-53). Springer.
  67. Ratten, V. (2021). Entrepreneurial Innovation. Strategy and Competition Aspects. Springer Singapore. https://doi.org/10.1007/978-981-16-4795-6
  68. Rigolini, A. (2013). Corporate entrepreneurship and corporate governance: The influence of board of directors and owner identity. Milan: McGraw-Hill.
  69. RitossaI, C.M., & Bulgacov, S. (2009). Internationalization and diversification strategies of agricultural cooperatives: a quantitative study of the agricultural cooperatives in the state of Parana. Brazilian Administration Review, 6 (3). http: //dx.doi.org/10.1590/S1807-76922009000300003
  70. Salepçioğlu, A., & Sarı, B. (2021). Investigation of strategic human resources activity in corporate governance Pra-ctices: A research with Artificial Neural Networks. Journal of Transnational Management, 26(2), 18-138.
  71. Salmony, F.U., & Kanbach, D.K. (2021). Personality trait differences across types of entrepreneurs: a systematic literature review. Review of Managerial Science, 16, 713-749. https://doi.org/10.1007/s11846-021-00466-9
  72. Sandström, C., Wennberg, K., Wallin, M.W., & Zherlygina, Y.(2018). Public policy for academic entrepreneurship initiatives: a review and critical discussion. Journal of Technology Transfer, 43, 1232-1256. https://doi.org/10.1007/s10961-016-9536-x
  73. Savall, H., Péron, M., Zardet, V., & Bonnet, M. (2017). Socially Responsible Capitalism and Management. Roudledge.
  74. Tshikovhi, N., Dziike, F., & Moyo, S. (2021). Restarting for the thrill: Behavioural addiction to entrepreneurship. International Entrepreneurship Review, 7(3), 37-46. https://doi.org/10.15678/IER.2021.0703.03
  75. Stephan, U., & Uhlaner, L. M. (2010). Performance-based vs socially supportive culture: a cross-national study of descriptive norms and entrepreneurship. Journal of International Business Studies, 41(8), 1347-1364. https://doi.org/10.1057/jibs.2010.14.
  76. Tang, J., Tang, Z, Zhang, Y., & Li, Q. (2008). The Impact of Entrepreneurial Orientation and Ownership Type on FirmPerformance in the Emerging Region of China. Journal of Developmental Entrepreneurship, 12(4), 383-397. DOI: 10.1142/S108494670700073
  77. Tarillon, C. (2014). Les représentations des dirigeants en matière de croissance et de gouvernance à l’origine destrajectoires de start-up. Thèse de doctorat en sciences de gestion. Université de Grenoble- France.
  78. Tribbitt, M.A. (2012). The moderating role of environment on the relationship between corporate governance and corporate entrepreneurship.” PhD: Drexel University.
  79. Veena, M., & Nagaraja, N. (2013). Comparison of Male and Female Entrepreneurs – An Empirical Study. Interna-tional Journal of Engineering and Management Research, 3(6), 138-143.
  80. Vega, G., & Kidwell, R.E. (2007). Toward a typology of new venture creators: Similarities and contrasts betweenbusiness and social entrepreneurs. New England Journal of Entrepreneurship, 10(2), 15-28. https://doi.org/10.1108/NEJE-10-02-2007-B002
  81. Williams, C. (2007). De-linking Enterprise Culture from Capitalism and its Public Policy Implication. Public Policy and Administration, 22(4), 461-474. https://doi.org/10.1177/0952076707081590
  82. Williamson, O.E. (1999). Strategy Research: Governance and Competence Perspectives. Strategic Management Journal, 20(12), 1087-1108. https://doi.org/10.1002/(SICI)1097-0266(199912)20:12<1087::AID-SMJ71>3.0.CO;2-Z
  83. Woo, C.Y., Cooper, A.C., & Dunkelberg, W.C. (1991). The Development and Interpretation of Entrepreneurial Typologies. Journal of Business Venturing, 6, 93-114. https://doi.org/10.1016/0883-9026(91)90013-4
  84. World Economic Forum. (2020). Integrated Corporate Governance: A Practical Guide to Stakeholder Capitalism for Boards of Directors.http://www3.weforum.org/docs/WEF_Integrated_Corporate_Governance_2020.pdf
  85. Young, S., & Thyil, V. (2014). Corporate Social Responsibility and Corporate Governance: Role of Context in Inter-national Settings. Journal of Business Ethics, 122, 1-24. https://www.jstor.org/stable/42921413
  86. Zahra, S.A. (1996). Governance, ownership, and corporate entrepreneurship: the moderating impact of industrytechnological opportunities. The Academy of Management Journal, 39(6), 1713-1735. https://doi.org/10.2307/257076

Downloads

Download data is not yet available.

Similar Articles

151-160 of 207

You may also start an advanced similarity search for this article.