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The Effect of Entrepreneurial Orientation on Results: An Application to the Hotel Sector

In: New Challenges in Entrepreneurship and Finance

Author

Listed:
  • Francisco J. Cossío-Silva

    (University of Seville)

  • Manuela Vega-Vázquez

    (University of Seville)

  • María-Ángeles Revilla-Camacho

    (University of Seville)

Abstract

The aim of this work is to investigate the impact of entrepreneurial orientation (EO) on the performance of firms belonging to the hotel industry. To do so, an empirical study is carried out with a sample of 79 independent hotels, all located in the south of Spain. The results suggest that there is a significant and negative result between EO and financial performance, measured in objective terms. This result is due to the willingness to innovate, to take risks, to carry out self-directed actions and be more proactive and aggressive than competitors entailing a cost for the organization which has a negative short-term effect.

Suggested Citation

  • Francisco J. Cossío-Silva & Manuela Vega-Vázquez & María-Ángeles Revilla-Camacho, 2015. "The Effect of Entrepreneurial Orientation on Results: An Application to the Hotel Sector," Springer Books, in: Marta Peris-Ortiz & Jean-Michel Sahut (ed.), New Challenges in Entrepreneurship and Finance, edition 127, chapter 0, pages 115-127, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-08888-4_8
    DOI: 10.1007/978-3-319-08888-4_8
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    Cited by:

    1. Vega-Vázquez, Manuela & Cossío-Silva, Francisco-José & Revilla-Camacho, María-Ángeles, 2016. "Entrepreneurial orientation–hotel performance: Has market orientation anything to say?," Journal of Business Research, Elsevier, vol. 69(11), pages 5089-5094.

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