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Title AN EMPIRICAL STUDY ON ENTREPRENURIAL ORIENTATION AND SMES PERCIEVED PERFORMANCE: MODERATING ROLE OF TRANSFERMATIONAL LEADERSHIP, ENVIRONMENTAL FACTORS AND ACCESS TO FINANCIAL CAPITAL

Author(s) Muhammad Fayyaz

Abstract The present study examined the relationship between entrepreneurial orientation and firm performance in Small and Medium Enterprises (SMEs) of Pakistan. Entrepreneurial orientation (EO) was evaluated on three dimensions, i.e. innovativeness, risk attitude and pro-activeness. Firm performance was measured through two dimensions, i.e. growth and profitability. The moderating effects of transformational leadership, access to financial capital and environmental factors were checked on the relationship between EO and firm performance. The population of the current study consists of all SMEs operated in Khyber Pakhtoonkhwa. The sampling framework of the current study consists of Peshawar division, which includesthree districts of Khyber Pakhtoonkhwa including Peshawar, Charsadda and Nowshera. The study used multistage cluster sampling technique; first, the study selected Peshawar division (Peshawar, Charsadda and Nowshera) on simple random sampling technique. Secondly, through proportionate stratified random sampling technique, the study selected 254 organizations. Respondents of the study include top level managers of the selected organizations. The respondents’ responses were gathered through a structured questionnaire having a five pointLikert scale. The study found that EO is positively and significantly related to firm performance. Besides, the study also found that each dimension of EO namely innovativeness, risk attitude and pro-activeness were significantly related to firm performance and its dimensions growth and profitability. Moreover, the study also found that transformational leadership moderates the relationship between EO and firm performance. Similarly, the study also found that access to financial capital moderates the significant relationship between EO and firm performance, but environmental factor does not moderate the relationship between EO and firm performance. The study finally concluded that EO had significant impact on firm performance. Based on the findings, it is recommended that SMEs should enhance entrepreneurial orientation in their respective organizations in order to improve their performance. Furthermore, the study also recommended that SMEs may improve their performance through accessibility to financial capital and the leader leadership style, i.e. transformational leadership style as it impacts organizational performance.Limitations, practical implications, recommendations and directions for future research are also highlighted.

Type Thesis/Dissertation PhD

Faculty Management Sciences

Department Management Sciences

Language English

Publication Date 2019-09-19

Subject HRM

Publisher NUML

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