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Exploring Internal and Environmental Moderators of Entrepreneurial Orientation - Performance Relationship in Bulgarian Enterprises

Author

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  • Tsvetan Davidkov

    (Faculty of Economics and Business Administration, Sofia University “St. Kliment Ohridski,” bl.3, 125 Tsarigradsko Shose Blvd., 1113 Sofia, Bulgaria,)

  • Desislava I. Yordanova

    (Faculty of Economics and Business Administration, Sofia University “St. Kliment Ohridski,” bl.3, 125 Tsarigradsko Shose Blvd., 1113 Sofia, Bulgaria.)

Abstract

Moderators of entrepreneurial orientation - performance relationship have not been sufficiently examined in the existing literature especially in countries operating in Central and Eastern Europe. The purpose of the present study is to explore internal and environmental moderators on entrepreneurial orientation - performance relationship in a sample of Bulgarian enterprises. The relationship between entrepreneurial orientation and firm performance is stronger when the chief executive officer has no ownership stake in the company. Environmental dynamism and access to financial resources are not able to moderate the entrepreneurial orientation - performance relationship. These findings indicate that the moderating effects of environmental dynamism and access to resources identified in previous empirical studies may not be universal across all countries and contexts. The paper comments practical implications of the findings and recommendations for future research.

Suggested Citation

  • Tsvetan Davidkov & Desislava I. Yordanova, 2017. "Exploring Internal and Environmental Moderators of Entrepreneurial Orientation - Performance Relationship in Bulgarian Enterprises," International Review of Management and Marketing, Econjournals, vol. 7(2), pages 27-34.
    • Handle: RePEc:eco:journ3:2017-02-05
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    Cited by:

    1. Dini Wahyuni & Lukluk Fuadah & Syamsurijal Kadir, 2020. "Influence of Access to Finance, Human Resource Competence, Information Systems on the Performance of Small and Medium-Sized Enterprises with Organizational Culture as Study Moderating Variable," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 91-100, September.

    More about this item

    Keywords

    Entrepreneurial Orientation; Performance; Mediating Effects; Bulgaria;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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