“…In particular, a meta-analysis performed by Rauch, Wiklund, Lumpkin, and Frese (2009) showed that this impact is strong cross-culturally. Moreover, research within a services sector context, manifested that EO affects business performance only in small and not in large companies (Núñez-Pomar, Prado-Gascó, Sanz, Hervás, & Moreno, 2016). Nonetheless, in small family businesses the relationship between EO and business performance is stronger when there are lower levels of family involvement in the company's board of directors (Arzubiaga, Iturralde, Maseda, & Kotlar, 2018).…”