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The mediating role of entrepreneurial orientation in the task environment-performance relationship : a meta-analysis

Rosenbusch, Nina and Rauch, A. and Bausch, A. (2013) The mediating role of entrepreneurial orientation in the task environment-performance relationship : a meta-analysis. Journal of Management, 39 (3). pp. 633-659. ISSN 0149-2063

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Despite the importance of the external task environment for firm performance, little is known about the mechanisms that enable firms to benefit from a specific environmental setting. The authors argue that firms adjust their entrepreneurial orientation (EO) to the external environment and use it as a mechanism to transform the advantages provided by the environment into above-average performance levels. Specifically, the authors use meta-analysis supplemented by structural equation modeling to explore the links among environmental munificence, hostility, dynamism and complexity, EO, and firm performance in a mediation model. The results suggest that environmental munificence, dynamism, and complexity affect EO and, in turn, firm performance. The authors discuss the meta-analytical findings with respect to their theoretical contribution and their practical implications.