Abstract
This study conducted a meta-analysis on the effects of initiative, risk tolerance, and innovation, which are the components of entrepreneurship, on business performance. Among previous studies on the effect of entrepreneurship on corporate performance, a total of 51 theses from doctoral dissertations published in South Korea between 2000 and 2022 were selected as study subjects. Among those theses, 39 were finally selected after excluding 12 theses considered insufficient to be used as research data since they lacked stat ist ics, such as correlation coefficient. An average effect size analysis, publication error analysis, and regression analysis were conducted regarding the variables for the 39 finally selected theses. The analysis results of this study are as follows; First, as a result of analyzing the average effect size using a forest plot, all presented static results. Second, the publication error analysis resulted in no publication error since the diagram (funnel plot) was symmetrical vertically in the center. Third, the results of regression analysis on the effect of entrepreneurship on financial performance were all statistica lly significant. This study implies that academic significance has been brought since many researchers identified the relationship between entrepreneurship and entrepreneurial performance through empirical studies. Entrepreneurship, derived from the research results, is a capability required from members and entrepreneurs who prepare to open a business as well as from CEOs of companies. This study intends to enable entrepreneurship to suggest a direction for companies and present the grounds for establishing government policies to enhance entrepreneurship in the future.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have