Entrepreneurial orientation in turbulent environments: The moderating role of absorptive capacity |
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Authors: | Andreas Engelen Harald Kube Susanne Schmidt Tessa Christina Flatten |
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Institution: | 1. Department of Strategic and International Management, TU Dortmund, Martin-Schmeisser-Weg 12, 44227 Dortmund, Germany;2. Centre for Entrepreneurship, RWTH Aachen, Kackertstrasse 7, 52072 Aachen, Germany |
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Abstract: | The literature on entrepreneurial orientation (EO) has confirmed the positive relationship between EO and firm performance and that relationship's dependence on several contingencies. The present study connects the resource-based view and its dynamic capability extension to introduce absorptive capacity (ACAP) as a moderator of the relationship between EO and firm performance. This theoretically derived research model is empirically validated using survey data from 219 small and medium-sized enterprises in Germany. Our empirical findings are that ACAP strengthens the EO–performance relationship in turbulent markets. |
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Keywords: | Entrepreneurial orientation Absorptive capacity Survey research |
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