This paper is an attempt to explore the buffering role of environmental factors and access to
financial capital on entrepreneurial orientation (EO) and SMEs performance relationship in
Pakistan. The population of the study consists of all the SMEs that are operated in KPK, Pakistan. We select the
sample from the Peshawar division, which includes three districts i.e. Peshawar, Charssada and Nowshehra. The
study used a multistage cluster sampling technique. Through this technique, the study finally selects the 254
organization from the selected population. The managerial levels employees of SMEs were the respondents of the
study and the responses were gathered through a structure questionnaire. The study found a significant positive
relationship between EO and firm SMEs performance. It is also found that the relationship between EO and SMEs
performance is moderated by access to financial capital. Furthermore, EF did not affect the relationship.
IBMS, Agriculture University Peshawar, KP, Pakistan.
Shams Ur Rahman
Assistant Professor, IBMS, Agriculture University Peshawar, KP, Pakistan.
Assistant Professor, Department of Economics, Abbotabad University, Haveleian, KP, Pakistan.
Entrepreneurial Orientation, Firm Performance, Access to Financial Capital, Environmental Factor, Small and Medium Enterprise