Orientación emprendedora, hostilidad del entorno y la rentabilidad de la Pyme: Una propuesta de contingencias
Fecha
2013-01-01
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Institute of Applied Business Economics
Resumen
This study investigates the effect of the entrepreneurial orientation (EO) on SME financial performance. The essay also proposes a contingency model to explore the moderating effects of environmental hostility on the relationship between EO and profitability. The study was conducted using a sample of 121 manufacturing SMEs in Spain. Results confirm the positive influence of EO on a firm's profitability. More importantly, the impact of EO on SME profitability is higher when there is a fit between EO and the external environment.