Entrepreneurial Orientation and Corporate Governance Structures

This study proposes the links between EO and CGS in the South African oil and gas industry. Although prior studies have provided empirical evidence on the EO and CGS relationships in general, there are no empirical references to any studies in the South African oil and gas industry on these important relationships. A series of canonical correlation analyses assess the strength of relationships between the dimensions of entrepreneurial orientation and corporate governance structures at both univariate and multivariate levels. A sample of 173 senior decision-makers representing companies in the South African oil and gas industry was used. The results of this study support a positive significant relationship between entrepreneurial orientation dimensions and the dimensions of corporate governance structures. This study is of practical use to organisations, enabling them to think and act entrepreneurially, and to policy makers to assist them to keep track of the regulatory guidelines, adopted by boards and executives in monitoring and implementing entrepreneurial culture in their respective organisations.