Entrepreneurial orientation and business performance: Cumulative empirical evidence
Rauch, Andreas; Wiklund, Johan; Lumpkin, G. T.; et al.Frese, Michael
Date: 1 May 2009
Article
Journal
Entrepreneurship Theory and Practice
Publisher
Wiley-Blackwell
Publisher DOI
Abstract
Entrepreneurial orientation (EO) has received substantial conceptual and empirical
attention, representing one of the few areas in entrepreneurship research where a
cumulative body of knowledge is developing. The time is therefore ripe to document,
review, and evaluate the cumulative knowledge on the relationship between EO and
business ...
Entrepreneurial orientation (EO) has received substantial conceptual and empirical
attention, representing one of the few areas in entrepreneurship research where a
cumulative body of knowledge is developing. The time is therefore ripe to document,
review, and evaluate the cumulative knowledge on the relationship between EO and
business performance. Extending beyond qualitative assessment, we undertook a metaanalysis
exploring the magnitude of the EO-performance relationship and assessed
potential moderators affecting this relationship. Analyses of 53 samples from 51 studies
with an N of 14,259 companies indicated that the correlation of EO with performance is
moderately large (r =.242) and that this relationship is robust to different
operationalizations of key constructs as well as cultural contexts. Internal and
environmental moderators were identified, and results suggest that additional moderators
should be assessed. Recommendations for future research are developed.
Management
Faculty of Environment, Science and Economy
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