Nonlinear Effects of Entrepreneurial Orientation on Small Firm Performance: The Moderating Role of Resource Orchestration Capabilities
研究了258家瑞典小企业,发现创业导向与绩效呈倒U型关系,信息通信技术能力和网络能力能帮助小企业克服资源不足,提升创业导向的最优水平和绩效回报。
This research examines the nature of the relationship between entrepreneurial orientation ( EO ) and small firm performance. The results from a sample of 258 Swedish small firms indicate an inverted U ‐shaped relationship between EO and small firm performance. Drawing upon resource orchestration theory, we theorize that information and communication technology capability and network capability help small firms overcome their resource‐related ‘liabilities of smallness’ and observe these capabilities to increase the optimal levels and performance‐related returns from EO . In the absence of these capabilities, returns to firm performance from increasing EO were observed to reach harmful levels. The study implications are discussed. Copyright © 2013 S trategic M anagement S ociety.