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Title: Entrepreneurial orientation and the business performance of SMEs: a quantitative study from the Netherlands
Authors: Kraus, Sascha
Rigtering, J.P. Coen
Hughes, Mathew
Hosman, Vincent
Issue Date: 2012
Publisher: Springer (© the authors)
Citation: 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.
Abstract: Entrepreneurial 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.
Description: The final publication is available at Springer via: https://doi.org/10.1007/s11846-011-0062-9.
Version: Accepted for publication
DOI: 10.1007/s11846-011-0062-9
URI: https://dspace.lboro.ac.uk/2134/26362
Publisher Link: https://doi.org/10.1007/s11846-011-0062-9
ISSN: 1863-6683
Appears in Collections:Published Articles (Business School)

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