Corporate Entrepreneurship as Prerequisite for Corporate Financial Performance of Public Liability Companies: A Study of Selected Manufacturing Firms in Nigeria

Abstract

This survey examines corporate entrepreneurship as panacea to the advent
of fast-growing firms in Nigeria, with the specific aim of analysing the effects
of corporate entrepreneurship on the corporate financial performance of
selected manufacturing firms in Nigeria. Selected beverage manufacturing
firms in Nigeria are purposively picked for the study. Secondary data
obtained from their audited Annual Reports and Accounts are analysed
with the aids of descriptive statistical tools to determine effects of
entrepreneurship activities on their performance indices of Assets, Gross
earnings and Profit before Tax. Findings reveal that those firms that imbibe
entrepreneurship culture, engage in active entrepreneurial activities tend
to record outstanding growth in their performance indices, expand their
operational scope and consolidate leadership positions in their industry.
Consequently, government policies that encourage infrastructural
development, large scale research and development, conducive atmosphere
to experiment and network or leverage on social (State) resources, and so
on should be given top attention.