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Linking Entrepreneurial Orientation to Firm Performance in a Post-Socialist Market Context: the Case of Hungary

机译:将创业方向联系起来在社会后的市场背景下的坚定表现:匈牙利的情况

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Entrepreneurial orientation provoked the interest of numerous scholars as well as political and administrative decision-makers. Both start-ups and already established corporate entities are increasingly persecuting new opportunities, products, and business models in order to establish superiority above their competitive environment. The tendencies evince an optimist impact of entrepreneurial orientation on business performance, namely on financial performance. Beyond the aforementioned relationship, there are impulses such as environmental and organizational factors, which are affecting the businesses. The results of this study provide evidence of the effect of entrepreneurial orientation on business performance in a post-socialist context. We test the impact of three moderators on this bivariate relationship. In contrast to the substantial body of literature for Western markets, we contribute to minimizing the considerable gap of research in post-socialist economies. Entrepreneurial orientation as an organizational behavior may affect the financial performance of businesses differently in distinct market contexts. Both, internal and external factors are crucial to identifying, analyze and monitor, to achieve superior performance and to overcome competitors. This study builds upon a stratified sampling survey of Hungarian company owners and managers from the Amadeus database. The study uses a deductive approach. For the analysis, we rely on structural equation modeling using the PLS algorithm. Our study contributes to the existing literature by means of confirming the entrepreneurial orientation to firm performance relationship for Hungary. In this context, we test the moderating effects of environmental dynamism, environmental hostility as environmental factors and firm age as an organizational factor. Environmental hostility is closely related to an unfavorable environment, deriving from rapid and radical changes in the industry, which are typical for post-soviet economies. In such dynamic environment, destructive innovations of the industrial actors appear more often as the economy switches to an open competition, capitalist market. The results confirm that the internal and external factors have no significant influence on the entrepreneurial orientation to financial performance direct relationship.
机译:创业定向引发了众多学者的利益以及政治和行政决策者。初创企业和已经建立的公司实体均越来越迫害新的机遇,产品和商业模式,以便在竞争环境之上建立优势。趋势估计创业取向对商业绩效的乐观影响,即在财务表现。除了上述关系之外,有冲动的环境和组织因素,这是影响业务。本研究的结果提供了企业家方向对社会主义后环境中业务绩效的影响的证据。我们测试三位主持人对这一双方关系的影响。与西方市场的大量文献相比,我们有助于最大限度地减少社会主义后经济体的相当差距。作为组织行为的创业定位可能会影响不同的市场背景不同的企业的财务表现。内部和外部因素都对识别,分析和监控来实现卓越的性能并克服竞争对手至关重要。本研究建立了对来自Amadeus数据库的匈牙利公司所有者和管理人员的分层抽样调查。该研究采用了一种演绎方法。为了分析,我们依靠使用PLS算法的结构方程建模。我们的研究通过确认企业潜入匈牙利的企业绩效关系,为现有文学做出贡献。在这种情况下,我们测试环境活力,环境敌意作为环境因素和公司年龄作为组织因素的调节效果。环境敌对与不利的环境密切相关,源于行业的快速和激进的变化,这对于苏联后经济体是典型的。在这种充满活力的环境中,工业演员的破坏性创新更频繁地看作经济转向开放竞争,资本主义市场。结果证实,内部和外部因素对企业潜入至金融业绩直接关系没有重大影响。

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