THE INFLUENCE OF ENVIRONMENTAL FACTORS AND ACCESS TO FINANCIAL CAPITAL ON THE LINK BETWEEN ENTREPRENEURIAL ORIENTATION AND SMES PERFORMANCE A CASE FROM PAKISTAN

http://dx.doi.org/10.31703/gssr.2020(V-I).15      10.31703/gssr.2020(V-I).15      Published : Mar 1
Authored by : MuhammadFayaz , ShamsUrRahman , AbdurRauf

15 Pages : 146-153

References

  • Antoncic, B., & Hisrich, R. D. (2004). Corporate entrepreneurship contingencies and organizational wealth creation. Journal of management development, 23(6), 518-550.
  • Ayuso, S., & Navarrete-Báez, F. E. (2018). How does entrepreneurial and international orientation influence SMEs' commitment to sustainable development? Empirical evidence from Spain and Mexico. Corporate Social Responsibility and Environmental Management, 25(1), 80-94.
  • Batra, G., Kaufmann, D., & Stone, A. H. (2003). Investment climate around the world: Voices of the firms from the World Business Environment Survey. The World Bank.
  • Cooper, A. C., Gimeno-Gascon, F. J., & Woo, C. Y. (1994). Initial human and financial capital as predictors of new venture performance. Journal of business venturing, 9(5), 371-395.
  • Covin, J. G., & Slevin, D. P. (1989). Strategic management of small firms in hostile and benign environments. Strategic management journal, 10(1), 75-87.
  • Covin, J. G., Green, K. M., & Slevin, D. P. (2006). Strategic process effects on the entrepreneurial orientation-sales growth rate relationship. Entrepreneurship theory and practice, 30(1), 57-81.
  • Fairoz, F. M., Hirobumi, T., & Tanaka, Y. (2010). Entrepreneurial orientation and business performance of small and medium scale enterprises of Hambantota District Sri Lanka. Asian Social Science, 6(3), 34.
  • Fayaz, M., & Shah, S. A. (2017). Relationship between Entrepreneurial Orientation and Firm Performance: Moderation of Transformational Leadership in the Context of Pakistani SMEs.
  • Gunawan, T., Jacob, J., & Duysters, G. (2016). Network ties and entrepreneurial orientation: Innovative performance of SMEs in a developing country. International Entrepreneurship and Management Journal, 12(2), 575-599.
  • Haider, S. H., Asad, M., & Fatima, M. (2017). Entrepreneurial orientation and business performance of manufacturing sector small and medium scale enterprises of Punjab Pakistan. European Business and Management, 3(2), 21-28.
  • Hernández-Linares, R., & López-Fernández, M. C. (2018). Entrepreneurial orientation and the family firm: Mapping the field and tracing a path for future research. Family Business Review, 31(3), 318-351.
  • Hoque, A. S. M. M. (2018). The effect of entrepreneurial orientation on Bangladeshi SME performance: Role of organizational culture. International Journal of Data and Network Science, 2(1), 1-14.
  • Hughes, M., & Morgan, R. E. (2007). Deconstructing the relationship between entrepreneurial orientation and business performance at the embryonic stage of firm growth. Industrial marketing management, 36(5), 651-661..
  • Hussain, J., Abbas, Q., & Khan, M. A. (2017). Entrepreneurial Orientation and Performance: The Moderating Effect of Market Orientation. Global Management Journal for Academic & Corporate Studies, 7(1), 9.
  • Imran, M., Aziz, A., Hamid, S., Shabbir, M., Salman, R., & Jian, Z. (2018). The mediating role of total quality management between entrepreneurial orientation and SMEs export performance. Management Science Letters, 8(6), 519-532.
  • Islam, M. A., Khan, M. A., Obaidullah, A. Z. M., & Alam, M. S. (2011). Effect of entrepreneur and firm characteristics on the business success of small and medium enterprises (SMEs) in Bangladesh. International Journal of Business and Management, 6(3), 289.
  • Javed, A., Yasir, M., & Majid, A. (2018). Psychological factors and entrepreneurial orientation: Could education and supportive environment moderate this relationship?. Pakistan Journal of Commerce and Social Sciences (PJCSS), 12(2), 571-597.
  • Knight, G. (2000). Entrepreneurship and marketing strategy: The SME under globalization. Journal of international marketing, 8(2), 12-32.
  • Koe, W. L. (2013). Entrepreneurial Orientation (EO) and Entrepreneurial Orientation (EO) and Companies (GLCs). Journal of Entrepreneurship, Management and Innovation, 9(3), 21-41.
  • Lumpkin, G. T., & Dess, G. G. (1996). Enriching the Entrepreneurial Orientation Construct-A Reply to
  • Mason, M. C., Floreani, J., Miani, S., Beltrame, F., & Cappelletto, R. (2015). Understanding the impact of entrepreneurial orientation on SMEs performance. The role of the financing structure. Procedia Economics and Finance, 23, 1649-1661.
  • Mazanai, M., & Fatoki, O. (2012). Access to finance in the SME sector: A South African perspective. Asian Journal of Business Management, 4(1), 58-67.
  • McKelvie, A., & Wiklund, J. (2010). Advancing firm growth research: A focus on growth mode instead of growth rate. Entrepreneurship theory and practice, 34(2), 261-288.
  • Miller, D. (1983). The correlates of entrepreneurship in three types of firms. Management science, 29(7), 770-791.
  • Muchiri, M., & McMurray, A. (2015). Entrepreneurial orientation within small firms: A critical review of why leadership and contextual factors matter. Small Enterprise Research, 22(1), 17-31.
  • Othman, N., Hashim, N., & Ab Wahid, H. (2012). Readiness towards entrepreneurship education: Students and Malaysian universities. Education Training, 54(8/9), 697-708.
  • Rambe, P., & Mosweunyane, L. (2017). A poverty-reduction oriented perspective to small business development in South Africa: A human capabilities approach. African Journal of Science, Technology, Innovation and Development, 9(3), 289-302.
  • Rogo, H. B., Shariff, M. N. M., & Hafeez, M. H. (2017). Moderating effect of access to finance on the relationship between total quality management, market orientation and small and medium enterprises performance: A proposed framework. International Review of Management and Marketing, 7(1), 119-127.
  • Runyan, R. C., Ge, B., Dong, B., & Swinney, J. L. (2012). Entrepreneurial orientation in cross-cultural research: assessing measurement invariance in the construct. Entrepreneurship Theory and Practice, 36(4), 819-836.
  • Shahbaz, M., Sbia, R., Hamdi, H., & Ozturk, I. (2014). Economic growth, electricity consumption, urbanization and environmental degradation relationship in United Arab Emirates. Ecological Indicators, 45, 622-631.
  • Sohn, H., Farrar, C. R., Hemez, F. M., Shunk, D. D., Stinemates, D. W., Nadler, B. R., & Czarnecki, J. J. (2003). A review of structural health monitoring literature: 1996-2001. Los Alamos National Laboratory, USA
  • Subhan, Q. A., Mehmood, M. R., & Sattar, A. (2013, January). Innovation in Small and Medium Enterprises (SME's) and its impact on Economic Development in Pakistan. In Proceedings of 6th international business and social sciences research conference (pp. 3-4).
  • Tan, J. (2007). Phase transitions and emergence of entrepreneurship: The transformation of Chinese SOEs over time. Journal of Business Venturing, 22(1), 77-96.
  • Tipu, S. A. A., Ryan, J. C., & Fantazy, K. A. (2012). Transformational leadership in Pakistan: An examination of the relationship of transformational leadership to organizational culture and innovation propensity. Journal of Management & Organization, 18(4), 461-480.
  • TomÅ¡ič, N., Bojnec, Å ., & Simčič, B. (2015). Corporate sustainability and economic performance in small and medium sized enterprises. Journal of cleaner production, 108, 603-612.
  • Wiklund, J., & Shepherd, D. (2005). Entrepreneurial orientation and small business performance: a configurational approach. Journal of business venturing, 20(1), 71-91.

References

  • Antoncic, B., & Hisrich, R. D. (2004). Corporate entrepreneurship contingencies and organizational wealth creation. Journal of management development, 23(6), 518-550.
  • Ayuso, S., & Navarrete-Báez, F. E. (2018). How does entrepreneurial and international orientation influence SMEs' commitment to sustainable development? Empirical evidence from Spain and Mexico. Corporate Social Responsibility and Environmental Management, 25(1), 80-94.
  • Batra, G., Kaufmann, D., & Stone, A. H. (2003). Investment climate around the world: Voices of the firms from the World Business Environment Survey. The World Bank.
  • Cooper, A. C., Gimeno-Gascon, F. J., & Woo, C. Y. (1994). Initial human and financial capital as predictors of new venture performance. Journal of business venturing, 9(5), 371-395.
  • Covin, J. G., & Slevin, D. P. (1989). Strategic management of small firms in hostile and benign environments. Strategic management journal, 10(1), 75-87.
  • Covin, J. G., Green, K. M., & Slevin, D. P. (2006). Strategic process effects on the entrepreneurial orientation-sales growth rate relationship. Entrepreneurship theory and practice, 30(1), 57-81.
  • Fairoz, F. M., Hirobumi, T., & Tanaka, Y. (2010). Entrepreneurial orientation and business performance of small and medium scale enterprises of Hambantota District Sri Lanka. Asian Social Science, 6(3), 34.
  • Fayaz, M., & Shah, S. A. (2017). Relationship between Entrepreneurial Orientation and Firm Performance: Moderation of Transformational Leadership in the Context of Pakistani SMEs.
  • Gunawan, T., Jacob, J., & Duysters, G. (2016). Network ties and entrepreneurial orientation: Innovative performance of SMEs in a developing country. International Entrepreneurship and Management Journal, 12(2), 575-599.
  • Haider, S. H., Asad, M., & Fatima, M. (2017). Entrepreneurial orientation and business performance of manufacturing sector small and medium scale enterprises of Punjab Pakistan. European Business and Management, 3(2), 21-28.
  • Hernández-Linares, R., & López-Fernández, M. C. (2018). Entrepreneurial orientation and the family firm: Mapping the field and tracing a path for future research. Family Business Review, 31(3), 318-351.
  • Hoque, A. S. M. M. (2018). The effect of entrepreneurial orientation on Bangladeshi SME performance: Role of organizational culture. International Journal of Data and Network Science, 2(1), 1-14.
  • Hughes, M., & Morgan, R. E. (2007). Deconstructing the relationship between entrepreneurial orientation and business performance at the embryonic stage of firm growth. Industrial marketing management, 36(5), 651-661..
  • Hussain, J., Abbas, Q., & Khan, M. A. (2017). Entrepreneurial Orientation and Performance: The Moderating Effect of Market Orientation. Global Management Journal for Academic & Corporate Studies, 7(1), 9.
  • Imran, M., Aziz, A., Hamid, S., Shabbir, M., Salman, R., & Jian, Z. (2018). The mediating role of total quality management between entrepreneurial orientation and SMEs export performance. Management Science Letters, 8(6), 519-532.
  • Islam, M. A., Khan, M. A., Obaidullah, A. Z. M., & Alam, M. S. (2011). Effect of entrepreneur and firm characteristics on the business success of small and medium enterprises (SMEs) in Bangladesh. International Journal of Business and Management, 6(3), 289.
  • Javed, A., Yasir, M., & Majid, A. (2018). Psychological factors and entrepreneurial orientation: Could education and supportive environment moderate this relationship?. Pakistan Journal of Commerce and Social Sciences (PJCSS), 12(2), 571-597.
  • Knight, G. (2000). Entrepreneurship and marketing strategy: The SME under globalization. Journal of international marketing, 8(2), 12-32.
  • Koe, W. L. (2013). Entrepreneurial Orientation (EO) and Entrepreneurial Orientation (EO) and Companies (GLCs). Journal of Entrepreneurship, Management and Innovation, 9(3), 21-41.
  • Lumpkin, G. T., & Dess, G. G. (1996). Enriching the Entrepreneurial Orientation Construct-A Reply to
  • Mason, M. C., Floreani, J., Miani, S., Beltrame, F., & Cappelletto, R. (2015). Understanding the impact of entrepreneurial orientation on SMEs performance. The role of the financing structure. Procedia Economics and Finance, 23, 1649-1661.
  • Mazanai, M., & Fatoki, O. (2012). Access to finance in the SME sector: A South African perspective. Asian Journal of Business Management, 4(1), 58-67.
  • McKelvie, A., & Wiklund, J. (2010). Advancing firm growth research: A focus on growth mode instead of growth rate. Entrepreneurship theory and practice, 34(2), 261-288.
  • Miller, D. (1983). The correlates of entrepreneurship in three types of firms. Management science, 29(7), 770-791.
  • Muchiri, M., & McMurray, A. (2015). Entrepreneurial orientation within small firms: A critical review of why leadership and contextual factors matter. Small Enterprise Research, 22(1), 17-31.
  • Othman, N., Hashim, N., & Ab Wahid, H. (2012). Readiness towards entrepreneurship education: Students and Malaysian universities. Education Training, 54(8/9), 697-708.
  • Rambe, P., & Mosweunyane, L. (2017). A poverty-reduction oriented perspective to small business development in South Africa: A human capabilities approach. African Journal of Science, Technology, Innovation and Development, 9(3), 289-302.
  • Rogo, H. B., Shariff, M. N. M., & Hafeez, M. H. (2017). Moderating effect of access to finance on the relationship between total quality management, market orientation and small and medium enterprises performance: A proposed framework. International Review of Management and Marketing, 7(1), 119-127.
  • Runyan, R. C., Ge, B., Dong, B., & Swinney, J. L. (2012). Entrepreneurial orientation in cross-cultural research: assessing measurement invariance in the construct. Entrepreneurship Theory and Practice, 36(4), 819-836.
  • Shahbaz, M., Sbia, R., Hamdi, H., & Ozturk, I. (2014). Economic growth, electricity consumption, urbanization and environmental degradation relationship in United Arab Emirates. Ecological Indicators, 45, 622-631.
  • Sohn, H., Farrar, C. R., Hemez, F. M., Shunk, D. D., Stinemates, D. W., Nadler, B. R., & Czarnecki, J. J. (2003). A review of structural health monitoring literature: 1996-2001. Los Alamos National Laboratory, USA
  • Subhan, Q. A., Mehmood, M. R., & Sattar, A. (2013, January). Innovation in Small and Medium Enterprises (SME's) and its impact on Economic Development in Pakistan. In Proceedings of 6th international business and social sciences research conference (pp. 3-4).
  • Tan, J. (2007). Phase transitions and emergence of entrepreneurship: The transformation of Chinese SOEs over time. Journal of Business Venturing, 22(1), 77-96.
  • Tipu, S. A. A., Ryan, J. C., & Fantazy, K. A. (2012). Transformational leadership in Pakistan: An examination of the relationship of transformational leadership to organizational culture and innovation propensity. Journal of Management & Organization, 18(4), 461-480.
  • TomÅ¡ič, N., Bojnec, Å ., & Simčič, B. (2015). Corporate sustainability and economic performance in small and medium sized enterprises. Journal of cleaner production, 108, 603-612.
  • Wiklund, J., & Shepherd, D. (2005). Entrepreneurial orientation and small business performance: a configurational approach. Journal of business venturing, 20(1), 71-91.

Cite this article

APA

    APA : Fayaz, M., Rahman, S. U., & Rauf, A. (2020). The Influence of Environmental Factors and Access to Financial Capital on the Link Between Entrepreneurial Orientation and SMEs Performance: A Case from Pakistan. Global Social Sciences Review, V(I), 146-153. https://doi.org/10.31703/gssr.2020(V-I).15

CHICAGO

    CHICAGO : Fayaz, Muhammad, Shams Ur Rahman, and Abdur Rauf. 2020. "The Influence of Environmental Factors and Access to Financial Capital on the Link Between Entrepreneurial Orientation and SMEs Performance: A Case from Pakistan." Global Social Sciences Review, V (I): 146-153 doi: 10.31703/gssr.2020(V-I).15

HARVARD

    HARVARD : FAYAZ, M., RAHMAN, S. U. & RAUF, A. 2020. The Influence of Environmental Factors and Access to Financial Capital on the Link Between Entrepreneurial Orientation and SMEs Performance: A Case from Pakistan. Global Social Sciences Review, V, 146-153.

MHRA

    MHRA : Fayaz, Muhammad, Shams Ur Rahman, and Abdur Rauf. 2020. "The Influence of Environmental Factors and Access to Financial Capital on the Link Between Entrepreneurial Orientation and SMEs Performance: A Case from Pakistan." Global Social Sciences Review, V: 146-153

MLA

    MLA : Fayaz, Muhammad, Shams Ur Rahman, and Abdur Rauf. "The Influence of Environmental Factors and Access to Financial Capital on the Link Between Entrepreneurial Orientation and SMEs Performance: A Case from Pakistan." Global Social Sciences Review, V.I (2020): 146-153 Print.

OXFORD

    OXFORD : Fayaz, Muhammad, Rahman, Shams Ur, and Rauf, Abdur (2020), "The Influence of Environmental Factors and Access to Financial Capital on the Link Between Entrepreneurial Orientation and SMEs Performance: A Case from Pakistan", Global Social Sciences Review, V (I), 146-153

TURABIAN

    TURABIAN : Fayaz, Muhammad, Shams Ur Rahman, and Abdur Rauf. "The Influence of Environmental Factors and Access to Financial Capital on the Link Between Entrepreneurial Orientation and SMEs Performance: A Case from Pakistan." Global Social Sciences Review V, no. I (2020): 146-153. https://doi.org/10.31703/gssr.2020(V-I).15