The mediating role of entrepreneurial orientation in the task-environment-performance relationship: a meta-analysis of 30 years of research
Journal of Management
Despite the importance of the external task environment for firm performance little is known about the mechanisms that enable firms to benefit from a specific environmental setting. We argue that firms adjust their entrepreneurial orientation (EO) to the external environment and use it as a mechanism to transform the advantages provided by the environment into above-average performance levels. Specifically, we use meta-analysis supplemented by structural equation modeling to explore the links between environmental munificence, hostility, dynamism and complexity, EO, and firm performance in a mediation model. Our results suggest that environmental munificence, dynamism and complexity affect EO and, in turn, firm performance. We discuss our meta-analytical findings with respect to their theoretical contribution and their practical implications.
This research was partially supported by a research grant by the Volkswagen Foundation (II/82 408).
Pre-print version. Final version published by Sage; available online at http://online.sagepub.com/