Assessing the impact of corporate entrepreneurship in the financial performance of subsidiaries of Colombian business groups: under environmental dynamism moderation

Abstract Corporate entrepreneurship creates opportunities in employment, technological advances, value creation, and cultural transformation for entrepreneurial ecosystems, entrepreneurs, governments, economies, society around the globe. The purpose of this study is to assess impact corporate on financial performance subsidiaries Colombian business groups under moderating effect environmental dynamism, because relationship between emerging economies must differ from developed economies. Using a cross-sectional structural equation modeling analysis, assessed orientation venturing firm 87 at different levels dynamism. This also confirms that context-dependent has strong positive causal with venturing. Additionally, increase their when does orientation, decrease so Furthermore, results show dynamism not have performance. paper would contribute important areas Latin America business, where such studies are scarce.