“…They agreed that the firms with EO were often typified by risk-taking behavior, such as incurring heavy debt or making large resource commitments in obtaining high returns by managing opportunities in the marketplace. The risk-taking ability of MSEs ensures coordinated flows of goods, information, and funds in a complicated situation (Chaudhuri, 2017;Mishra & Mishra, 2019) and recessions (Alcalde-Heras, Iturrioz-Landart, & Aragon-Amonarriz, 2019). The previous researchers that support risk-taking as the most dominant dimension forming the EO construct are Beltrame, Floreani, Grassetti, Mason, and Miani (2019), Rank andStrenge (2018), andMcCarthy, Puffer, &Lamin (2018).…”