We study profitable firms with no tax expenses. We find that the proportion of profitable firms that owe zero taxes (zero-tax firms) has increased substantially over the past 70 years, accounting for almost 15% of listed U.S. firms in recent years. Zero-tax firms thus represent a major group of...

The research on entrepreneurial orientation (EO) is undecided as to whether a specific EO improves firm performance. We considered EO in a different light by examining the role of emergent strategy. By considering entrepreneurial orientation as it is effected by emergent strategy, we found a...

The main purpose of this study is to examine the role of cost leadership and differentiation strategies in the relationships among entrepreneurial leadership, entrepreneurial mindset, and business performance. The sample of the study consists of 443 managers working in 8 sectors affiliated to...