The purpose of this study is to investigate the relationship between entrepreneurial orientation (EO) and firm growth and the moderating role of business environment for Russian and Finnish small- and medium-sized enterprises (SMEs). For hypothesis testing, structural equation modeling is applied to the data set of 104 Russian and 117 Finnish privately owned SMEs. Results show that while in the Finnish market context EO dimensions are directly associated with firm growth, in the emerging Russian market the relationship is moderated by the dynamic and hostile environment. The results also provide evidence of the nature of EO for SMEs operating in Russia.
Original languageEnglish
Pages (from-to)337-366
Number of pages30
JournalJournal of East-West Business
Volume23
Issue number4
StatePublished - 4 Aug 2017

    Scopus subject areas

  • Business, Management and Accounting(all)

    Research areas

  • entrepreneurial orientation, firm growth, SMEs, Finalnd, Russia, SCOPUS, WOS

ID: 9420412