What drives entrepreneurial orientation in small firms? The roles of owner-manager and financial conditions

2015 ◽  
Vol 8 (1) ◽  
pp. 85 ◽  
Author(s):  
Juha Soininen ◽  
Kaisu Puumalainen ◽  
Helena Sjögrén ◽  
Pasi Syrjä ◽  
Chris Richter
Keyword(s):  
Entrepreneurial Orientation ◽  
Small Firms ◽  
Financial Conditions

PENGARUH ORIENTASI KEWIRAUSAHAAN TERHADAP PROFITABILITAS UKM DENGAN ORIENTASI PASAR SEBAGAI VARIABEL PEMEDIASI

2011 ◽  
Vol 6 (2) ◽  
pp. 99
Author(s):  
Maria Pampa Kumalaningrum
Keyword(s):  
Structural Equation Modeling ◽  
Market Orientation ◽  
Indirect Effect ◽  
Entrepreneurial Orientation ◽  
Structural Equation ◽  
Small Firms ◽  
Equation Modeling ◽  
Market Planning ◽  
Market Opportunities ◽  
Strategic Market

This study examined the effect of entrepreneurial orientation on profitability in small business mediated by market orientation. Entrepreneurial orientation reflects the degree to which firms’ growth objectives are driven bythe identification and exploitation of untapped market opportunities. Market orientation reflects the degree to which firms’ strategic market planning is driven by customer and competitor intelligence.Data was processed with Structural Equation Modeling using AMOS  program. The results showed that Entre-preneurial orientation has an direct effect onmarket orientation and indirect effect on profitability mediated by market orientation. The results suggest, at least in small firms, entrepreneurial orientation complements market orientation by instilling an opportunistic culture that impacts the firm’s profitability.Keywords:market orientation, entrepreneurial orientation, and profitability.

The relationship between growth and volatility in small firms

2014 ◽  
Vol 52 (8) ◽  
pp. 1516-1532 ◽  
Author(s):  
Ana Maria Moreno ◽  
Jose A. Zarrias ◽  
Jose L. Barbero
Keyword(s):  
Small Firm ◽  
Entrepreneurial Orientation ◽  
Design Methodology ◽  
Small Firms ◽  
Quantitative Information ◽  
Similar Nature ◽  
Firm Level ◽  
Content Type ◽  
The Relationship ◽  
Environmental Hostility

Purpose – The purpose of this paper is to investigate the effect of predictors of growth (entrepreneurial orientation (EO) and environmental hostility) and growth itself on small-firm volatility. The objective is to find out: first, whether growth and volatility possess a similar nature; second, what are the predictors of small-firm volatility. Design/methodology/approach – Questionnaire data were collected from CEOs of 433 Spanish small firms (<500 employees) who provided qualitative as well as quantitative information. Findings – The authors find that some of the predictors on growth can also be used to predict firm volatility. Specifically, the authors find that firm volatility is influenced by EO and environmental hostility. Growth also influences firm volatility. The authors also find a strong interaction effect of growth and firm size on firm volatility. The authors conclude that although growth and firm volatility are related concepts, they are different. Originality/value – Growth has concentrated small-firm research during the last 20 years. However, during the last few years, the environment has become very dynamic and small firms need research helping them to deal with such dynamism. There are few studies on firm-level volatility. The research helps understand more the determinants of small-firm volatility.

scholarly journals Entrepreneurial Orientation of Male and Female Entrepreneurs in Small Firms

TEM Journal ◽  
2021 ◽  
pp. 1307-1313
Author(s):  
Janka Betáková ◽  
Małgorzata Okreglicka ◽  
Katarína Havierniková
Keyword(s):  
Risk Taking ◽  
Economic Performance ◽  
Entrepreneurial Orientation ◽  
Small Firms ◽  
Small Enterprises ◽  
Female Entrepreneurs ◽  
Male And Female ◽  
Positive Correlation ◽  
Competitive Aggressiveness ◽  
Research Studies

Many research studies indicate differences in the activities of small enterprises run by female and male entrepreneurs. These differences also apply to shaping entrepreneurial orientation. The main aim of the paper is to identify the entrepreneurial orientation in dimensions of autonomy, innovation, risk-taking, different level of proactivity, and competitive aggressiveness in relation to the gender of the entrepreneurs. This paper presents the results of a survey conducted among 220 small enterprises in Poland. The research showed a similar level of entrepreneurial orientation in the observed dimensions and the positive correlation between entrepreneurial orientation and the economic performance of enterprises in both studied groups.

scholarly journals Assessment of Entrepreneurial Traits and Small-Firm Performance with Entrepreneurial Orientation as a Mediating Factor

2019 ◽  
Vol 11 (19) ◽  
pp. 5301 ◽  
Author(s):  
Tazeen Imran ◽  
Rizwan Raheem Ahmed ◽  
Dalia Streimikiene ◽  
Riaz Hussain Soomro ◽  
Vishnu Parmar ◽  
...  
Keyword(s):  
Firm Performance ◽  
Achievement Motivation ◽  
Small Firm ◽  
Entrepreneurial Orientation ◽  
Self Efficacy ◽  
Small Firms ◽  
Practical Implication ◽  
Positive Association ◽  
Path Modeling ◽  
Successful Performance

Entrepreneurship is considered to be one of the most critical factors contributing to the successful performance of business, innovations, and growth of the economy. Entrepreneurship is the main driver of innovation and sustainable business. The purpose of this research is to assess the main traits that are deemed essential for the successful performance of a firm. A model is developed to assess how entrepreneurs’ creativity, self-efficacy, and achievement motivation influence the performance of small firms through the role of entrepreneurial orientation (EO) as a mediating variable. The hypotheses are tested by using Smart PLS (partial least squares path modeling) on a sample of 353 business owners to seek the insight of entrepreneurial traits on small-firm performance. The findings of the research show that self-efficacy and EO have a significant and positive association with the performance of a firm, while creativity and internal locus of control are fully mediated by EO. The subjective measures are used to examine the performance of a firm in terms of growth, sustainability, and financial performance, but the same can also be assessed by objective measures. The practical implication of this research provides entrepreneurs with a different perspective of the entrepreneurial traits that contribute to successful firm performance. The originality of the research lies in the attempt to explore the entrepreneurial traits that significantly influence the effectiveness of the performance of firms in the Pakistani context.

scholarly journals Differences in Entrepreneurial Orientation (EO) of SMEs in the International Context: Evidence from the Czech Republic and Turkey

2020 ◽  
Vol 31 (3) ◽  
pp. 345-357
Author(s):  
Mehmet Civelek ◽  
Aleksandr Ključnikov ◽  
Gentjan Çera ◽  
Jiří Mezuláník ◽  
Radim Maňák
Keyword(s):  
Cultural Values ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Educational Status ◽  
Moran’S I ◽  
Moran's I ◽  
International Context ◽  
Political Risks ◽  
Financial Conditions ◽  
Size Of Firms

Although SMEs make significant contributions to socio-economic conditions of countries, they face many financial, organizational and mercantile obstacles in their operations. In this regard, having more innovative, risk-taking and proactive activities (EO) increases SMEs’ performance, financial conditions and help them to survive in the long term. Therefore, finding regional, national and international differences in EO of SMEs can enable policymakers, financing institutions, SMEs, and entrepreneurs to create more opportunities for SMEs to overcome those problems. In this regard, this research seeks to explore the differences between entrepreneurial orientation (EO) of SMEs that operate in different regions of countries with various cultural values, income levels, economic, political and legal risks. Moreover, age and size of firms are also considered to find differences among SMEs in national and international contexts. In line with these objectives, the current study examines two different countries that have cultural differences and have different economic, legal and political risks. To achieve the objectives, 1620 Czech and Turkish SMEs were analyzed by performing the Mann-Whitney U and Moran’s I spatial autocorrelation tests. According to the results of Moran’s I autocorrelation test, this research does not find any differences between the low and high-income regions of the selected countries regarding EO of SMEs. Experience and age of the respondents might be the reason for these results. Significant results in the national context are that EO of SMEs does not differ across the age categories, while there are differences between firm size and their EO. In the international context, the main findings are that Czech SMEs are more proactive than Turkish ones in all age and size categories, while Turkish SMEs are more innovative in all age categories and only in small size segment. However, this research has not revealed any differences within the risk-taking behaviour of SMEs from different countries considering their size and age. The significant differences and similarities in EO of SMEs from different countries might stem from the educational status of the respondents, a considerable number of operating firms in a market, agility, flexibility, R&D activities and sector of firms. Financial, educational, administrative and legislative support needs to be given by policymakers to close the gap between EO of SMEs of different age, size, regions and countries.

scholarly journals Effects of Entrepreneurial Orientation on Performance and Growth: Are Microenterprises and Small Firms Equal?

2021 ◽  
pp. 19-37
Author(s):  
Elena Patricia Mojica-Carrillo ◽  
Gonzalo Maldonado-Guzmán ◽  
Sandra Yesenia Pinzón-Castro ◽  
Angie Lorena Riaño-Castillo
Keyword(s):  
Financial Performance ◽  
Entrepreneurial Orientation ◽  
Small Firms ◽  
Jel Classification ◽  
Business Strategies ◽  
Small Companies ◽  
Positive Effects ◽  
Innovation Practices ◽  
The Relationship ◽  
Industry Professionals

Entrepreneurial orientation is one of the constructs that is increasingly gaining the attention of researchers, academics and industry professionals, and is considered in the current literature as one of the business strategies that generates, both a higher level of financial performance and growth in companies. However, there are relatively few studies published in the entrepreneurship literature that analyze the relationship between entrepreneurial orientation, financial performance and the level of growth of small companies, especially in emerging economy countries, as is the case from Mexico. For this reason, through a sample of 300 micro and small companies, the essential objective of this study is the analysis of the effects of company size on the relationship between entrepreneurial orientation, financial performance and growth of companies. The results obtained show that the entrepreneurial orientation has significant positive effects both on financial performance and on the level of growth of micro and small companies. JEL classification numbers: M21 Keywords: Open innovation practices, Product development, Firm performance, Manufacturing firms.

Sign in / Sign up

Export Citation Format

Share Document