2021-01-282013-01-011988-215711316837SCOPUS;2-s2.0-84881508544http://hdl.handle.net/10784/25321This 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.enghttps://v2.sherpa.ac.uk/id/publication/issn/1131-6837info:eu-repo/semantics/articleEntrepreneurial orientationEnvironmental hostilitySME profitabilitySpain2021-01-28Martins, I.Rialp, A.10.5295/cdg.110297iz