In this study, we offer new theoretic rationale to explain how entrepreneurial orientation (EO) contributes to firm growth. We propose that EO exhibits an inverse U-shaped relationship with firm growth, predicated on the argument that a constrained number of new entrepreneurial opportunities imply a finite limit to a firm’s growth prospects. Capitalizing on the global nature of our research design, we introduce a new boundary condition to the EO conversation--the macroeconomic risk in a firm’s home country.
Anderson, Brian S.; Kreiser, Patrick M.; and Ireland, R. Duane
"A GLOBAL INVESTIGATION OF THE INFLUENCE OF INSTITUTIONAL RISK FACTORS ON THE ENTREPRENEURIAL ORIENTATION-FIRM GROWTH RELATIONSHIP (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 34
, Article 8.
Available at: https://digitalknowledge.babson.edu/fer/vol34/iss11/8