Research output: Contribution to journal › Article › peer-review
Expect the unexpected : examining the shaping role of entrepreneurial orientation on causal and effectual decision-making logic during economic crisis. / Laskovaia, Anastasiia; Marino, Louis; Shirokova, Galina; Wales, William.
In: Entrepreneurship and Regional Development, Vol. 31, No. 5-6, 2019, p. 456-475.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Expect the unexpected
T2 - examining the shaping role of entrepreneurial orientation on causal and effectual decision-making logic during economic crisis
AU - Laskovaia, Anastasiia
AU - Marino, Louis
AU - Shirokova, Galina
AU - Wales, William
N1 - Expect the unexpected: examining the shaping role of entrepreneurial orientation on causal and effectual decision-making logic during economic crisis / A. Laskovaia, L. Marino, G. Shirokova, W. Wales // Entrepreneurship and Regional Development. – 2018. - Volume N/A. – P. N/A.
PY - 2019
Y1 - 2019
N2 - While many firms operate in dynamic environments, the competitive conditions faced by firms during an economic crisis are especially unstable and turbulent. We examine firm strategic decision-making in this distinctive context and investigate the question of whether causal and effectual logic provide similar paths to performance during such challenging economic times. Further, we examine the potential impact that a firm’s level of entrepreneurial orientation (EO) has upon the relationship between managers’ predominant decision-making logic and their firm’s overall performance in this crisis. To test these relationships, we employ a robust national random sample of 447 Russian small and medium-sized enterprises (SMEs) collected from 2015 to 2016 during a period of economic crisis. Our results indicate that EO plays an important moderating role, shaping the nature of the relationships between managers’ decision-making logic and financial performance. Moreover, additional analysis identifies the presence of a non-linear relationship between both logics and the performance of SMEs.
AB - While many firms operate in dynamic environments, the competitive conditions faced by firms during an economic crisis are especially unstable and turbulent. We examine firm strategic decision-making in this distinctive context and investigate the question of whether causal and effectual logic provide similar paths to performance during such challenging economic times. Further, we examine the potential impact that a firm’s level of entrepreneurial orientation (EO) has upon the relationship between managers’ predominant decision-making logic and their firm’s overall performance in this crisis. To test these relationships, we employ a robust national random sample of 447 Russian small and medium-sized enterprises (SMEs) collected from 2015 to 2016 during a period of economic crisis. Our results indicate that EO plays an important moderating role, shaping the nature of the relationships between managers’ decision-making logic and financial performance. Moreover, additional analysis identifies the presence of a non-linear relationship between both logics and the performance of SMEs.
KW - causation
KW - economic crisis
KW - Effectuation
KW - entrepreneurial orientation
KW - firm performance
KW - Russia
KW - SCOPUS
KW - SCOPUS
UR - http://www.scopus.com/inward/record.url?scp=85056077170&partnerID=8YFLogxK
UR - http://www.mendeley.com/research/expect-unexpected-examining-shaping-role-entrepreneurial-orientation-causal-effectual-decisionmaking
U2 - 10.1080/08985626.2018.1541593
DO - 10.1080/08985626.2018.1541593
M3 - Article
AN - SCOPUS:85056077170
VL - 31
SP - 456
EP - 475
JO - Entrepreneurship and Regional Development
JF - Entrepreneurship and Regional Development
SN - 0898-5626
IS - 5-6
ER -
ID: 36596179