Do Risk-Taking, Innovativeness, and Proactivity Affect Business Performance of SMEs? A Case Study in Bangladesh |
RAHAMAN, Md. Atikur
(School of Management, Jiujiang University)
LUNA, Kaniz Fatema (DBC News (Dhaka-Bangla Channel)) PING, Zhao Lin (The International Cooperation & Exchange Division, Communications Vocational, and Technical College) ISLAM, Mohammad Saiyedul (School of International Trade and Economics, Jiangxi University of Finance and Economics) KARIM, Md. Mobarak (World School of Business, World University of Bangladesh) |
1 | Kutner, M. H., Nachtsheim, C. J., Neter, J., & Li, W. (2004). Applied linear statistical models (5th ed.). New York: McGraw-Hill. |
2 | Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review, 21(1), 135-172. https://doi.org/10.2307/258632 DOI |
3 | Lumsdaine, E., & Binks, M. (2007). Entrepreneurship from creativity to innovation: Effective thinking skills for a changing world. Victoria, Canada: Trafford Publishing. |
4 | Luthje, C., & Franke, N. (2003). The making of an entrepreneur: Testing a model of entrepreneurial intent among engineering students at MIT. R&D Management, 33(2), 135-147. https://doi.org/10.1111/1467-9310.00288 DOI |
5 | Mata, B. A. K., & Aliyu, M. S. (2014). The relationship between some determinants of SME performance in Nigeria: A qualitative approach. European Journal of Business and Management, 6(2), 107-114. https://core.ac.uk/download/pdf/234625212.pdf |
6 | Rahaman, M. A., Ali, M. J., Kejing, Z., Taru, R. D., & Mamoon, Z. R. (2020). Investigating the effect of service quality on bank customers' satisfaction in Bangladesh. The Journal of Asian Finance, Economics, and Business, 7(10), 823-829. https://doi.org/10.13106/jafeb.2020.vol7.n10.823 DOI |
7 | Rauch, A., Wiklund, J., Lumpkin, G. T., & Frese, M. (2009). Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future. Entrepreneurship Theory and Practice, 33(3), 761-787. https://doi.org/10.1111/j.1540-6520.2009.00308. DOI |
8 | Runyan, R. C., Huddleston, P., & Swinney, J. (2006). Entrepreneurial orientation and social capital as small firm strategies: A study of gender differences from a resource-based view. The International Entrepreneurship and Management Journal, 2(4), 455-477. https://doi.org/10.1007/s11365-006-0010-3 DOI |
9 | Ribeiro-Soriano, D. (2017). Small business and entrepreneurship: Their role in economic and social development. Entrepreneurship & Regional Development, 29(1/2), 1-3. https://doi.org/10.1080/08985626.2016.1255438 DOI |
10 | Roux, I. L., & Bengesi, K. M. K (2014). Dimensions of entrepreneurial orientation and small and medium enterprise performance in emerging economies. Development Southern Africa, 31(4), 606-624. https://doi.org/10.1080/0376835X.2014.913474 DOI |
11 | Wang, Y. (2016). What are the biggest obstacles to the growth of SMEs in developing countries? Empirical evidence from an enterprise survey. Borsa Istanbul Review, 16(3), 167-176. https://doi.org/10.1016/j.bir.2016.06.001 DOI |
12 | Sarker, S., & Palit, M. (2015). Strategic orientation and performance of small and medium enterprises in Bangladesh. International Journal of Entrepreneurship and Small Business, 24(4), 572-586. https://doi.org/10.1504/IJESB.2015.068643 DOI |
13 | Taber, K. S. (2018). The use of Cronbach's alpha when developing and reporting research instruments in science education. Research in Science Education, 48(6), 1273-1296. https://doi.org/10.1007/s11165-016-9602-2 DOI |
14 | Wales, W. J., Shirokova, G., Sokolova, L., & Stein, C. (2016). Entrepreneurial orientation in the emerging Russian regulatory context: The criticality of interpersonal relationships. European Journal of International Management, 10(3), 359-382. https://doi.org/10.1504/EJIM.2016.076256 DOI |
15 | Wiklund, J., & Shepherd, D. (2005). Entrepreneurial orientation and small business performance: A configurational approach. Journal of Business Venturing, 20(1), 71-91. https://doi.org/10.1016/j.jbusvent.2004.01.001 DOI |
16 | Zahra, S. A., & Covin, J. G. (1995). Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis. Journal of Business Venturing, 10(1), 43-58. https://doi.org/10.1016/0883-9026(94)00004-E DOI |
17 | Akhter, A., Hossain, M. U., & Asheq, A. A. (2020). Influential factors of social entrepreneurial intention in Bangladesh. Journal of Asian Finance, Economics, and Business, 7(8), 645-651. https://doi.org/10.13106/jafeb.2020.vol7.no8.645 DOI |
18 | Zahra, S. A., & Garvis, D. M. (2000). International corporate entrepreneurship and firm performance: The moderating effect of international environmental hostility. Journal of Business Venturing, 15(5-6), 469-492. https://doi.org/10.1016/S0883-9026(99)00036-1 DOI |
19 | Asheq, A. A., & Hossain, M. U. (2019). SME performance: Impact of market, customer, and brand orientation. Academy of Marketing Studies Journal, 23(1), 1-9. |
20 | Altinay, L., & Wang, C. L. (2011). The influence of an entrepreneur's socio-cultural characteristics on the entrepreneurial orientation of small firms. Journal of Small Business and Enterprise Development, 18(4), 673-694. https://doi.org/10.1108/14626001111179749 DOI |
21 | Beck, T., & Demirguc-Kunt, A. (2006). Small- and medium-sized enterprises: Access to finance as a growth constraint. Journal of Banking & Finance, 30(11), 2931-2943. https://doi.org/10.1016/j.jbankfin.2006.05.009 DOI |
22 | Covin, J. G., & Slevin, D. P. (1989). Strategic management of small firms in hostile and benign environments. Strategic Management Journal, 10(1), 75-87. https://doi.org/10.1002/smj.4250100107 DOI |
23 | Danso, A., Adomako, S., Damoah, J. O., & Uddin, M. (2016). Risk-taking propensity, managerial network ties, and firm performance in an emerging economy. The Journal of Entrepreneurship, 25(2), 155-183. https://doi.org/10.1177/0971355716650367 DOI |
24 | Durbin, J., & Watson, G. S. (1950). Testing for serial correlation in least-squares regression: I. Biometrika, 37(3/4), 409-428. https://doi.org/10.2307/2332391 DOI |
25 | Hossain, M. U., & Asheq, A. A. (2020). Do leadership orientation and proactive personality influence social entrepreneurial intention? International Journal of Management and Enterprise Development, 19(2), 109-125. https://doi.org/10.1504/IJMED.2020.107396 DOI |
26 | Gazi, A. I., Rahaman, A., Waliullah, S. S. A., Ali, J., & Mamoon, Z. R. (2021). Financial performance of converted commercial banks from non-banking financial institutions: Evidence from Bangladesh. The Journal of Asian Finance, Economics, and Business, 8(2), 923-931. https://doi.org/10.13106/jafeb.2021.vol8.no2.0923 DOI |
27 | Gilmore, A., McAuley, A., Gallagher, D., Massiera, P., & Gamble, J. (2013). Researching SME/entrepreneurial research. Journal of Research in Marketing and Entrepreneurship, 15(2), 87-100. https://doi.org/10.1108/JRME-10-2012-0026 DOI |
28 | Hasan, F. S., Almubarak, M. M. S., & Ahmed, A. (2016). Factors influencing women entrepreneurs' performance in SMEs. World Journal of Entrepreneurship, Management, and Sustainable Development, 12(2), 82-101. https://doi.org/10.1108/WJEMSD-09-2015-0037 DOI |
29 | Hossain, M. U., Asheq, A. A., & Arifuzzaman, S. M. (2019). The entrepreneurial intention of Bangladeshi students: Impact of individual and contextual factors. Problems and Perspectives in Management, 17(4), 493-503. https://doi.org/10.21511/ppm.17(4).2019.40 DOI |
30 | Hughes, M., & Morgan, R. E. (2007). Deconstructing the relationship between entrepreneurial orientation and business performance at the embryonic stage of firm growth. Industrial Marketing Management, 36(5), 651-661. https://doi.org/10.1016/j.indmarman.2006.04.003 DOI |
31 | Imran, M., Aziz, A., & Hamid, S. (2017). Determinants of SME export performance. International Journal of Data and Network Science, 1(2), 39-58. https://doi.org/10.5267/j.ijdns.2017.1.007 DOI |
32 | Kiyabo, K., & Isaga, N. (2020). Entrepreneurial orientation, competitive advantage, and SMEs' performance: Application of firm growth and personal wealth measures. Journal of Innovation and Entrepreneurship, 9(1), 1-15. https://doi.org/10.1186/s13731-020-00123-7 DOI |
33 | Jahan, N., Ali, M. J., & Al Asheq, A. (2020). Examining the key determinants of customer satisfaction Internet banking services in Bangladesh. Academy of Strategic Management Journal, 19(1), 1-6. https://www.abacademies.org/articles/examining-the-key-determinants-of-customer-satisfaction-internet-banking-services-in-bangladesh-8932.html |
34 | Keh, H. T., Nguyen, T. T. M., & Ng, H. P. (2007). The effects of entrepreneurial orientation and marketing information on the performance of SMEs. Journal of Business Venturing, 22(4), 592-611. https://doi.org/10.1016/j.jbusvent.2006.05.003 DOI |
35 | Kirby, D. A. (2004). Entrepreneurship education: can business schools meet the challenge? Education + Training, 46(8/9), 510-519. https://doi.org/10.1108/00400910410569632 DOI |
36 | Kreiser, P. M., Marino, L. D., Kuratko, D. F., & Weaver, K. M. (2013). Disaggregating entrepreneurial orientation: The non-linear impact of innovativeness, proactiveness, and risk-taking on SME performance. Small Business Economics, 40(2), 273-291. https://doi.org/10.1007/s11187-012-9460 DOI |