Abstract
Although a cumulative body of literature explains entrepreneurial orientation (EO) and firm performance, there remain differing views on the mechanisms underlying this relationship. The purpose of this study is to investigate the effect of EO on firm performance by considering the roles of dynamic capabilities (DC) and corporate entrepreneurship (CE). We propose that DC and CE mediate the relationship between EO and firm performance, and our empirical results support these propositions. This study fills a gap in the literature on the EO–performance relationship by considering the linkages among disposition, capabilities, and activities in the South Korean context.
Appendix
A Measurement results of subdimensions
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Innovativeness | 1 | ||||||||||
| 2. Risk-taking | 0.597** | 1 | |||||||||
| 3. Proactiveness | 0.623** | 0.660** | 1 | ||||||||
| 4. Competitive aggressiveness | 0.360** | 0.405** | 0.551** | 1 | |||||||
| 5. Autonomy | 0.297** | 0.302** | 0.389** | 0.648** | 1 | ||||||
| 6. Reconfiguration | 0.298** | 0.300** | 0.449** | 0.438** | 0.392** | 1 | |||||
| 7. Learning/Acquisition | 0.215** | 0.292** | 0.440** | 0.374** | 0.288** | 0.680** | 1 | ||||
| 8. Product innovation | 0.320** | 0.329** | 0.413** | 0.464** | 0.337** | 0.387** | 0.525** | 1 | |||
| 9. Process innovation | 0.321** | 0.378** | 0.400** | 0.378** | 0.341** | 0.367** | 0.296** | 0.670** | 1 | ||
| 10. Organizational innovation | 0.178* | 0.239** | 0.240** | 0.141* | 0.237** | 0.276** | 0.176* | 0.183** | 0.258** | 1 | |
| 11. Venturing | 0.145* | 0.260** | 0.272** | 0.296** | 0.228** | 0.269** | 0.234** | 0.425** | 0.296** | 0.427** | 1 |
| AVE | 0.679 | 0.603 | 0.772 | 0.672 | 0.709 | 0.569 | 0.726 | 0.751 | 0.768 | 0.745 | 0.841 |
| CR | 0.808 | 0.820 | 0.910 | 0.803 | 0.880 | 0.723 | 0.913 | 0.937 | 0.908 | 0.921 | 0.914 |
| α | 0.714 | 0.756 | 0.841 | 0.693 | 0.786 | 0.677 | 0.859 | 0.883 | 0.854 | 0.878 | 0.877 |
-
**p < 0.01, *p < 0.05. AVE: Average variance extracted; CR: construct reliability; α: Cronbach’s alpha.
Acknowledgments
The authors thank anonymous reviewers and the editor, Prof. Chandra S. Mishra, for their valuable comments that have greatly improved the article.
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Articles in the same Issue
- A Framework for Exploring Heterogeneity in University Business Incubators
- An Exploratory Cross-Country Analysis of Female Entrepreneurial Activity: The Roles of Gendered Institutions
- The Second Round Resource Acquisition of Entrepreneurial Crowdfunded Ventures: The Relevance of Campaign and Project Implementation Performance Outcomes
- An Empirical Investigation on the Psychological Antecedents of Social Entrepreneurship
- Entrepreneurial Orientation and Performance in South Korea: The Mediating Roles of Dynamic Capabilities and Corporate Entrepreneurship
- Growing up from In-Betweeners: Alternatives to Hybridity in Social Entrepreneurship Research
Articles in the same Issue
- A Framework for Exploring Heterogeneity in University Business Incubators
- An Exploratory Cross-Country Analysis of Female Entrepreneurial Activity: The Roles of Gendered Institutions
- The Second Round Resource Acquisition of Entrepreneurial Crowdfunded Ventures: The Relevance of Campaign and Project Implementation Performance Outcomes
- An Empirical Investigation on the Psychological Antecedents of Social Entrepreneurship
- Entrepreneurial Orientation and Performance in South Korea: The Mediating Roles of Dynamic Capabilities and Corporate Entrepreneurship
- Growing up from In-Betweeners: Alternatives to Hybridity in Social Entrepreneurship Research