20.500.12556/RUL-179894 How does the ownership structure of state-owned enterprises influence corporate entrepreneurship? the mediating role of entrepreneurial climate This paper explores how ownership structure shapes corporate entrepreneurship, paying particular attention to the mediating role of the entrepreneurial climate. While entrepreneurship is often associated with privately-owned enterprises (POEs), state-owned enterprises (SOEs) face distinctive institutional and organisa- tional challenges that can hinder their ability to foster innovation and risk-taking. This paper examines how state ownership affects entrepreneurial intensity through its impact on the internal climate for entrepreneurship, using multiple theory ap- proach. Starting from the agency theory, we develop a theoretical framework by introducing a resource-based view and institutional theory. Using data from 139 Croatian firms with varying ownership structures, the study shows that the nega- tive association between state ownership and entrepreneurial outcomes is not di- rect but is fully mediated by the entrepreneurial climate. These findings highlight the importance of internal organisational conditions in shaping entrepreneurial behaviour under state capitalism. The paper contributes to ongoing debates by integrating a multi-theoretical perspective and offering both theoretical and mana- gerial insights into how ownership structures influence innovation and corporate entrepreneurship. entrepreneurship corporations ownership agency theory resource-based view institutional theory corporate entrepreneurship entrepreneurial climate ownership structure state capitalism state-owned enterprises podjetništvo korporacije lastništvo poslovanje podjetja true false true Angleški jezik Slovenski jezik Članek v reviji 2026-02-26 12:48:44 2026-02-26 12:51:00 2026-02-27 04:32:12 0000-00-00 00:00:00 2026 0 0 26 str. iss. 1, article no. 30 Vol. 22 2026 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 005.3 1554-7191 10.1007/s11365-026-01162-4 266068483 s11365-026-01162-4.pdf s11365-026-01162-4.pdf 1 0C7ABA44027A79E984C3DD05EEA91636 359389efeaef17b132963a17e085b200572108738766e0ab715ba1eff920a178 0843bebf-1309-11f1-a1ba-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=228811 https://link.springer.com/article/10.1007/s11365-026-01162-4 0 0309650a-1309-11f1-a1ba-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=228810 Ekonomska fakulteta 0 0 0