Entrepreneurial Orientation of Russian Firms: The Role of External Environment
The paper investigates the relationship between the dimensions of entrepreneurial orientation (EO) — innovativeness, pro-activeness, and readiness to take risks — and firm performance of Russian SMEs. We assess the effects of EO on firmperformance in the context of an emerging market taking into ac...
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| Format: | Article |
| Language: | English |
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National Research University Higher School of Economics
2015-09-01
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| Series: | Foresight and STI Governance |
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| Online Access: | https://foresight-journal.hse.ru/article/view/19216 |
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| author | Galina Shirokova Karina Bogatyreva Tat'yana Belyaeva |
| author_facet | Galina Shirokova Karina Bogatyreva Tat'yana Belyaeva |
| author_sort | Galina Shirokova |
| collection | DOAJ |
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The paper investigates the relationship between the dimensions of entrepreneurial orientation (EO) — innovativeness, pro-activeness, and readiness to take risks — and firm performance of Russian SMEs. We assess the effects of EO on firmperformance in the context of an emerging market taking into account environmental contingencies. Our findings are underpinned by the results of a survey of managers in 104 Russian small and medium firms. The data were processed using structural equation modeling.
We find that EO structure in the context of the Russian market differs from the traditional three-dimensional conceptualization of entrepreneurial orientation that is typical of Western countries. Emerging markets — as illustrated byRussia — are characterized by a two-dimensional EO structure: innovativeness and pro-activeness are perceived as a single dimension, while readiness to take risks is a separate component. Moreover, a positive relationship between the united dimension of entrepreneurial orientation — innovativeness and pro-activeness – and firm performance is manifested only in a dynamic or hostile external environment. Particular features of Russia’s institutional and cultural environment may help to explain our findings.
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| format | Article |
| id | doaj-art-1ec0b0b769644cf09ccb1fcb89cb66f6 |
| institution | DOAJ |
| issn | 2500-2597 |
| language | English |
| publishDate | 2015-09-01 |
| publisher | National Research University Higher School of Economics |
| record_format | Article |
| series | Foresight and STI Governance |
| spelling | doaj-art-1ec0b0b769644cf09ccb1fcb89cb66f62025-08-20T03:17:52ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972015-09-019310.17323/1995-459X.2015.3.6.25Entrepreneurial Orientation of Russian Firms: The Role of External EnvironmentGalina Shirokova0Karina Bogatyreva1Tat'yana Belyaeva2St. Petersburg University, 3 Volkhovsky pereulok, St. Petersburg, 199004, RussiaGraduate School of Management, St. Petersburg University, 3 Volkhovsky pereulok, St. Petersburg, 199004, RussiaGraduate School of Management, St. Petersburg University, 3 Volkhovsky pereulok, St. Petersburg, 199004, Russia The paper investigates the relationship between the dimensions of entrepreneurial orientation (EO) — innovativeness, pro-activeness, and readiness to take risks — and firm performance of Russian SMEs. We assess the effects of EO on firmperformance in the context of an emerging market taking into account environmental contingencies. Our findings are underpinned by the results of a survey of managers in 104 Russian small and medium firms. The data were processed using structural equation modeling. We find that EO structure in the context of the Russian market differs from the traditional three-dimensional conceptualization of entrepreneurial orientation that is typical of Western countries. Emerging markets — as illustrated byRussia — are characterized by a two-dimensional EO structure: innovativeness and pro-activeness are perceived as a single dimension, while readiness to take risks is a separate component. Moreover, a positive relationship between the united dimension of entrepreneurial orientation — innovativeness and pro-activeness – and firm performance is manifested only in a dynamic or hostile external environment. Particular features of Russia’s institutional and cultural environment may help to explain our findings. https://foresight-journal.hse.ru/article/view/19216entrepreneurial orientationfirm performanceexternal business environmentstructural equation modeling |
| spellingShingle | Galina Shirokova Karina Bogatyreva Tat'yana Belyaeva Entrepreneurial Orientation of Russian Firms: The Role of External Environment Foresight and STI Governance entrepreneurial orientation firm performance external business environment structural equation modeling |
| title | Entrepreneurial Orientation of Russian Firms: The Role of External Environment |
| title_full | Entrepreneurial Orientation of Russian Firms: The Role of External Environment |
| title_fullStr | Entrepreneurial Orientation of Russian Firms: The Role of External Environment |
| title_full_unstemmed | Entrepreneurial Orientation of Russian Firms: The Role of External Environment |
| title_short | Entrepreneurial Orientation of Russian Firms: The Role of External Environment |
| title_sort | entrepreneurial orientation of russian firms the role of external environment |
| topic | entrepreneurial orientation firm performance external business environment structural equation modeling |
| url | https://foresight-journal.hse.ru/article/view/19216 |
| work_keys_str_mv | AT galinashirokova entrepreneurialorientationofrussianfirmstheroleofexternalenvironment AT karinabogatyreva entrepreneurialorientationofrussianfirmstheroleofexternalenvironment AT tatyanabelyaeva entrepreneurialorientationofrussianfirmstheroleofexternalenvironment |