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Wiley InterScience

Entrepreneurship Theory and Practice

Entrepreneurship Theory and Practice

Volume 32 Issue 3, Pages 507 - 528

Published Online: 16 Apr 2008

© 2010 Baylor University



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Entrepreneurial Orientation and Growth of SMEs: A Causal Model
Ana M. Moreno* and José C. Casillas*
  *University of Seville
Correspondence to  Ana M. Moreno, tel.: 95 455 68 45; fax: 95 455 69 89; e-mail: ammoreno@us.es, or to José C. Casillas, tel.: 95 455 68 45; fax: 95 455 69 89; e-mail: casillas@us.es
Copyright © 2008 by Baylor University

ABSTRACT

The literature existing on entrepreneurship implicitly assumes that entrepreneurial orientation (EO) and growth orientation are positively related with each other. However, few studies, whether theoretical or empirical, analyze such relation in an explicit manner. Instead, most previous works have focused on the EO-performance relation, even though growth and profitability do not always correlate positively. This work has been carried out on a sample of 434 SMEs, and contributes two novelties with regard to previous research: (1) the analysis focuses on the EO-growth relation; and (2) it uses a flexible method (Partial Least Squares) which allows the study of several simultaneous relationships. The results reveal the complexity of the relationships between EO, strategy, environment, resources and growth.


DIGITAL OBJECT IDENTIFIER (DOI)
10.1111/j.1540-6520.2008.00238.x About DOI

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