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A Multi-Country Comparison Of Perceived Environmental Characteristics, Industry Effects, And Performance In Entrepreneurial Firms

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  • J. B. ARBAUGH

    (University of Wisconsin Oshkosh, College of Business Administration, USA)

  • S. MICHAEL CAMP

    (Center for Entrepreneurship, Fisher College of Business, The Ohio State University, USA)

  • LARRY W. COX

    (Miller College of Business, Midwest Entrepreneurial Education Center, Ball State University, USA)

Abstract

This paper examines the relationship between industry effects, environmental perceptions, and firm performance in a multi-country sample of entrepreneurial firms. Using a sample of 1045 finalists in Ernst & Young's International "Entrepreneur of the Year" competition, we examined whether environmental constructs that have been studied and validated in North American entrepreneurship research were generalizable to firms in fifteen countries located in Europe, Asia, and Africa. Using measures common to North American entrepreneurship research; we identified two environmental dimensions in subsamples of North American (United States and Canada) and non-North American firms: dynamism and hostility. However, while the constructs were identified in both subsamples, they also were not significantly associated with firm performance. We conclude the paper by suggesting this lack of environmental perception-firm performance relationship may be attributable to an entrepreneurial mindset that focuses on identifying and recognizing specific opportunities rather than responding to general characteristics of the external environment.

Suggested Citation

  • J. B. Arbaugh & S. Michael Camp & Larry W. Cox, 2005. "A Multi-Country Comparison Of Perceived Environmental Characteristics, Industry Effects, And Performance In Entrepreneurial Firms," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 13(02), pages 105-126.
    • Handle: RePEc:wsi:jecxxx:v:13:y:2005:i:02:n:s0218495805000082
    DOI: 10.1142/S0218495805000082
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    References listed on IDEAS

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    1. van Damme, E.E.C., 2001. "Autoprijzen in Europa," Other publications TiSEM ac6a4ce3-660e-4e86-a591-e, Tilburg University, School of Economics and Management.
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    3. Paul Light, 1996. "Making government work: How entrepreneurial executives turn bright ideas into real results by Martin A. Levin and Mary Bryna Sanger. San Francisco, CA: Jossey-Bass, 1994, 333 pp., NPA cloth," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 15(1), pages 121-124.
    4. Powers, Joshua B & McDougall, Patricia P, 2000. "A Review of The Blackwell Handbook of Entrepreneurship, Edited by Donald Sexton and Hans Landstrom," Small Business Economics, Springer, vol. 15(4), pages 321-328, December.
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