Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future
Research output: Journal contributions › Journal articles › Research › peer-review
Standard
In: Entrepreneurship Theory and Practice, Vol. 33, No. 3, 05.2009, p. 761-787.
Research output: Journal contributions › Journal articles › Research › peer-review
Harvard
APA
Vancouver
Bibtex
}
RIS
TY - JOUR
T1 - Entrepreneurial orientation and business performance
T2 - An assessment of past research and suggestions for the future
AU - Rauch, Andreas
AU - Wiklund, Johan
AU - Lumpkin, G. Thomas
AU - Frese, Michael
PY - 2009/5
Y1 - 2009/5
N2 - Entrepreneurial orientation (EO) has received substantial conceptual and empirical attention, representing one of the few areas in entrepreneurship research where a cumulative body of knowledge is developing. The time is therefore ripe to document, to review, and to evaluate the cumulative knowledge on the relationship between EO and business performance. Extending beyond qualitative assessment, we undertook a meta-analysis exploring the magnitude of the EO-performance relationship and assessed potential moderators affecting this relationship. Analyses of 53 samples from 51 studies with an N of 14,259 companies indicated that the correlation of EO with performance is moderately large (r = .242) and that this relationship is robust to different operationalizations of key constructs as well as cultural contexts. Internal and environmental moderators were identified, and results suggest that additional moderators should be assessed. Recommendations for future research are developed.
AB - Entrepreneurial orientation (EO) has received substantial conceptual and empirical attention, representing one of the few areas in entrepreneurship research where a cumulative body of knowledge is developing. The time is therefore ripe to document, to review, and to evaluate the cumulative knowledge on the relationship between EO and business performance. Extending beyond qualitative assessment, we undertook a meta-analysis exploring the magnitude of the EO-performance relationship and assessed potential moderators affecting this relationship. Analyses of 53 samples from 51 studies with an N of 14,259 companies indicated that the correlation of EO with performance is moderately large (r = .242) and that this relationship is robust to different operationalizations of key constructs as well as cultural contexts. Internal and environmental moderators were identified, and results suggest that additional moderators should be assessed. Recommendations for future research are developed.
KW - Business psychology
KW - Entrepreneurship
UR - http://www.scopus.com/inward/record.url?scp=65149102790&partnerID=8YFLogxK
U2 - 10.1111/j.1540-6520.2009.00308.x
DO - 10.1111/j.1540-6520.2009.00308.x
M3 - Journal articles
VL - 33
SP - 761
EP - 787
JO - Entrepreneurship Theory and Practice
JF - Entrepreneurship Theory and Practice
SN - 1042-2587
IS - 3
ER -