Entrepreneurial orientation and firm performance: an updated meta-analysis

Abstract

Purpose The purpose of this paper is to analyze the relationship between entrepreneurial orientation (EO) and organizational performance through an updated and extended meta-analytic review that includes EO, mediators, moderators and performance results. Design/methodology/approach Using Pearson correlations as effect size statistics, and based on 80 independent samples from 78 studies, with a total sample size of 19,514 cases, the meta-analysis consolidates the empirical findings of this field of research. Findings The results reveal that there is a direct and positive impact of EO on organizational performance, and this effect is stronger for multi-item measures of performance and for revenue-based performance measures. In addition, the authors found partial mediation effects of learning orientation and innovativeness on the relationship between EO and firm performance. Originality/value The work contributes to the literature by demonstrating the importance of EO to organizational performance with a meta-analysis, reporting the partially mediating variables in this relationship and seeking to explain the observed inconsistencies in preceding results, also examining methodological moderating variables. Hence, the research extends previous meta-analytic studies done in the area.

Pengaruh Orientasi Kewirausahaan terhadap Kinerja UMKM di Jabodetabek dengan Individualisme sebagai Variabel Moderasi

“…Banyak faktor yang dapat mempengaruhi kinerja suatu perusahaan, salah satu nya yaitu Orientasi Kewirausahaan. Beberapa penelitian terdahulu menunjukan hasil bahwa orientasi kewirausahaan dapat meningkatkan kinerja perusahaan (Anlesinya et al, 2015;Hutahayan, 2019;Kim & Kim, 2016;Magaji et al, 2017;Soares & Perin, 2019). Faktor internal dan eksternal perusahaan dapat memoderasi hubungan antara orientasi kewirausahaan dan kinerja (Lumpkin & Dess, 1996).…”

When entrepreneurial rhetoric meets strict regulations: Implications for the valuation of health science firms

“…As one of the most important concepts in the entrepreneurship literature (Rauch, Wiklund, Lumpkin, & Frese, 2009; Soares & Perin, 2020), EO has been conceived in two ways: as a unidimensional and a multidimensional construct (for a more systematic discussion, see Covin & Lumpkin, 2011). As originally conceived by Miller (1983) and developed by Covin and Slevin (1988, 1989), the unidimensional conceptualization posits that an entrepreneurial firm manifests innovativeness, proactivity, and risk‐taking concurrently (Covin & Lumpkin, 2011).…”

The impact of Risk Willingness and Opportunity Recognition on Business Owners’ Performance in Sabah, Malaysia

“…The multidimensionality of EAO allows researchers to study the effect of EAO on business performance (Pulka, 2018). Some indicated that EAO positively affects business performance, whilst others indicated otherwise (Soares & Perin, 2020). The entrepreneurial Attitude Orientation (EAO) model was first introduced by Robinson et al (1991).…”