Orientación emprendedora, hostilidad del entorno y la rentabilidad de la Pyme: Una propuesta de contingencias
Date
2013-01-01
Authors
Martins, I.
Rialp, A.
Journal Title
Journal ISSN
Volume Title
Publisher
Institute of Applied Business Economics
Abstract
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.