TY - JOUR

T1 - Entrepreneurial orientation of Russian firms

T2 - the role of external environment

AU - Shirokova, G.

AU - Bogatyreva, K.

AU - Beliaeva, T.

N1 - Shirokova, G. Entrepreneurial Orientation of Russian Firms: The Role of External Environment / G. Shirokova, K. Bogatyreva, T. Beliaeva // Foresight – Russia. - 2015. - Volume 9. - P. 6–25.

PY - 2015

Y1 - 2015

N2 - The paper investigates a relationship between the entrepreneurial orientation (EO) dimensions — innovativeness, proactiveness, and readiness to risk — and firm performance of Russian SMEs. We assess EO effects on firm performance in the context of an emerging market taking into account environmental contingencies. Our findings are underpinned by the results of the survey which covered managers of 104 Russian small and medium firms. The data were processed by the structural equation modeling. The analysis has revealed that EO structure in the context of Russian market differs from the traditional three-dimensional conceptualization of entrepreneurial orientation, typical to western countries. Emerging markets i.a. Russian are characterized by the two-dimensional EO structure: innovativeness and proactiveness are perceived as a single dimension, while the and readiness to risk is a separate component. Moreover, a positive relationship between the united dimension of entrepreneurial orientation – innovativeness

AB - The paper investigates a relationship between the entrepreneurial orientation (EO) dimensions — innovativeness, proactiveness, and readiness to risk — and firm performance of Russian SMEs. We assess EO effects on firm performance in the context of an emerging market taking into account environmental contingencies. Our findings are underpinned by the results of the survey which covered managers of 104 Russian small and medium firms. The data were processed by the structural equation modeling. The analysis has revealed that EO structure in the context of Russian market differs from the traditional three-dimensional conceptualization of entrepreneurial orientation, typical to western countries. Emerging markets i.a. Russian are characterized by the two-dimensional EO structure: innovativeness and proactiveness are perceived as a single dimension, while the and readiness to risk is a separate component. Moreover, a positive relationship between the united dimension of entrepreneurial orientation – innovativeness

KW - Entrepreneurial orientation

KW - firm performance

KW - external business environment

KW - emerging markets

KW - structural equation modeling

M3 - Article

VL - 9

SP - 6

EP - 25

JO - Foresight Russia

JF - Foresight Russia

SN - 2500-2597

IS - 3

ER -