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 9642 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.

从制度的角度出发，我们建议母国知识产权（IP）和员工保护机构来缓和公司企业家精神（CE）与公司绩效之间的关系。在审查9642家欧洲公司时，我们发现，虽然内部CE与知识产权保护不太严格且员工保护不太严格的国家中的公司绩效呈正相关，但外部CE与知识产权保护较不严格和更严格的国家中的公司绩效呈负相关。员工保护。这些结果提供了比现有的企业家精神和国际企业文献更丰富的关于CE与企业绩效之间关系的观点。