RMSC-D-10-00046 R1 submitted.pdf (320.11 kB)
Entrepreneurial orientation and the business performance of SMEs: a quantitative study from the Netherlands
journal contribution
posted on 2017-09-04, 15:17 authored by Sascha Kraus, J.P. Coen Rigtering, Mathew Hughes, Vincent HosmanEntrepreneurial Orientation (EO) is often mentioned as an antecedent of growth, competitive advantage and superior performance, and prior empirical research has often shown a positive relationship between EO and performance appears to exist. However, an important question that remains unanswered is what effect EO might have on firm performance during periods of economic crisis, and the severe environmental turbulence that accompany such crises. This research is a first investigation towards the effects of EO on the performance of small and medium sized firms during the current global economic crisis. In this study we use the multidimensional model of EO and test a series of hypotheses pertaining to its performance effects using survey data gathered from 164 Dutch SMEs. The present research shows that proactive firm behavior positively contributes to SME performance during the economic crisis. We further show that innovative SMEs do perform better in turbulent environments, but those innovative SMEs should minimize the level of risk and should take action to avoid projects that are too risky.
History
School
- Business and Economics
Department
- Business
Published in
Review of Managerial ScienceVolume
6Issue
2Pages
161 - 182Citation
KRAUS, S. ... et al., 2012. Entrepreneurial orientation and the business performance of SMEs: a quantitative study from the Netherlands. Review of Managerial Science, 6 (2), pp.161-182.Publisher
Springer (© the authors)Version
- AM (Accepted Manuscript)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Publication date
2012Notes
The final publication is available at Springer via: https://doi.org/10.1007/s11846-011-0062-9.ISSN
1863-6683eISSN
1863-6691Publisher version
Language
- en