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Disaggregating entrepreneurial orientation: the non-linear impact of innovativeness, proactiveness and risk-taking on SME performance.
- Source :
- Small Business Economics; Feb2013, Vol. 40 Issue 2, p273-291, 19p
- Publication Year :
- 2013
-
Abstract
- Previous studies have generally established a positive relationship between aggregated measures of entrepreneurial orientation (EO) and firm performance. However, there are theoretical reasons suggesting that three dimensions of EO (innovativeness, proactiveness, and risk-taking) may possess differential relationships with performance in smaller firms. This study utilizes a sample consisting of 1,668 small-to-medium sized enterprises (SMEs) in nine countries across 13 different industries to provide a finer-grained analysis of the EO-performance relationship. Specifically, we theorize and test a non-monotonic influence of innovativeness, proactiveness, and risk-taking on SME performance. Innovativeness and proactiveness displayed predominantly positive U-shaped relationships with SME performance. Risk-taking, however, displayed a predominantly negative U-shaped relationship with SME performance. Further, individualism was found to positively moderate the relationships between innovativeness-performance and proactiveness-performance. Taken together, these results suggest that differential relationships exist between three dimensions of EO and SME performance, with important theoretical implications for future EO research. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0921898X
- Volume :
- 40
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Small Business Economics
- Publication Type :
- Academic Journal
- Accession number :
- 153303074
- Full Text :
- https://doi.org/10.1007/s11187-012-9460-x