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Revisiting Covin and Slevin (1989): Replication and extension of the relationship between entrepreneurial orientation and firm performance

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  • Lee, Younggeun
  • Zhuang, Yiming
  • Joo, Minjoo
  • Bae, Tae Jun

Abstract

We replicate and extend the seminal paper of Covin and Slevin (1989) on entrepreneurial orientation (EO) by conducting two studies. Specifically, we examine the impact of a firm’s EO on financial performance under hostile environments using various measurements. Study 1 is a direct replication of Covin and Slevin (1989) in which we utilize data collected from firms in the USA, which adopted the same survey measures of Covin and Slevin (1989). Study 2 is a generalization and extension of Covin and Slevin (1989) in which we implement newly developed objective EO measurement by Miller and Le Breton-Miller (2011) and utilize objective financial data of Chinese public firms. The results of both studies provide evidence that a firm’s EO positively impacts firm performance, especially in hostile environments. Further theoretical implications and contributions based on diverse types of replication studies are discussed.

Suggested Citation

  • Lee, Younggeun & Zhuang, Yiming & Joo, Minjoo & Bae, Tae Jun, 2019. "Revisiting Covin and Slevin (1989): Replication and extension of the relationship between entrepreneurial orientation and firm performance," Journal of Business Venturing Insights, Elsevier, vol. 12(C).
    • Handle: RePEc:eee:jobuve:v:12:y:2019:i:c:s2352673418301033
    DOI: 10.1016/j.jbvi.2019.e00144
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    3. Patrick M. Kreiser & Brian S. Anderson & Donald F. Kuratko & Louis D. Marino, 2020. "Entrepreneurial Orientation and Environmental Hostility: A Threat Rigidity Perspective," Entrepreneurship Theory and Practice, , vol. 44(6), pages 1174-1198, November.
    4. Wales, William J. & Kraus, Sascha & Filser, Matthias & Stöckmann, Christoph & Covin, Jeffrey G., 2021. "The status quo of research on entrepreneurial orientation: Conversational landmarks and theoretical scaffolding," Journal of Business Research, Elsevier, vol. 128(C), pages 564-577.
    5. Sanjeev S. Ingalagi & Nishad Nawaz & Habeeb Ur Rahiman & A. Hariharasudan & Vanishree Hundekar, 2021. "Unveiling the Crucial Factors of Women Entrepreneurship in the 21st Century," Social Sciences, MDPI, vol. 10(5), pages 1-12, April.

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