Corporate entrepreneurship, its correlates, and its impact on the global presence of firms were examined through 439 United States companies, represented in all geographic realms of the world. Executives responded to a lengthy survey of organizational characteristics which enabled corporate entrepreneurship and its dimensions--innovation, proactiveness, and risk taking--to be examined in firms with varying global presence. Risk factors were assigned to countries and realms from the averaged rankings of three published risk-forecasting services. Maximum risk country, maximum risk geographic realm, average risk of countries, average risk of geographic realms, number of countries, and number of geographic realms, were differentially weighted to equalize scales and combined into a composite global presence scale. Strategy-related variables--competitive aggressiveness and adaptiveness--dominated other organizational attributes in explaining corporate entrepreneurship, and corporate entrepreneurship dominated other variables in explaining global presence, according to correlation and multiple regression analysis. Although no variables correlated strongly with measures of global presence, corporate entrepreneurship consistently had significant positive correlations across all six measures of global presence and the composite global presence scale. In forward stepwise multiple regressions, corporate entrepreneurship was the first variable entered into the prediction equation for five of the six measures of global presence; only when the dependent variable was the number-of-countries measure of global presence did scanning load before corporate entrepreneurship. Of the dimensions of corporate entrepreneurship, risk taking had the weakest correlations with measures of global presence, although risk was the theoretical basis for the first four measures of global presence; the risk taking dimension of corporate entrepreneurship represents executives' perceptions of risk, whereas global presence was derived from published risk rankings of countries. Environmental dynamism and heterogeneity, although not hostility, correlated with corporate entrepreneurship; however, neither environmental element showed a systematic relationship with global presence. Overall, corporate entrepreneurship, driven primarily by strategy-related variables, influenced the global presence of firms. Corporate entrepreneurship did not influence performance.
