The Influence of Environmental Factors and Access to Financial Capital on the Link Between Entrepreneurial Orientation and SMEs Performance: A Case from Pakistan
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.
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Entrepreneurial Orientation, Firm Performance, Access to Financial Capital, Environmental Factor, Small and Medium Enterprise
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(1) Muhammad Fayaz
IBMS,Agriculture University Peshawar,KP, Pakistan.
(2) Shams Ur Rahman
Assistant Professor, IBMS,Agriculture University Peshawar, KP, Pakistan.
(3) Abdur Rauf
Assistant Professor,Department of Economics,Abbotabad University, Haveleian, KP, Pakistan.