Entrepreneurial Orientation and Firm Performance: The Moderating Role of Managerial Power

Organizational researchers have long recognized the important role that top managers play within entrepreneurial firms (Ireland, Hitt and Sirmon 2003). Utilizing Covin and Slevin’s (1989) conceptual framework, the current study explores three key entrepreneurial characteristics of top managers and t...

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Veröffentlicht in:American journal of business 2010-09, Vol.25 (2), p.41-54
Hauptverfasser: Davis, Justin L., Greg Bell, R., Tyge Payne, G., Kreiser, Patrick M.
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container_end_page 54
container_issue 2
container_start_page 41
container_title American journal of business
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creator Davis, Justin L.
Greg Bell, R.
Tyge Payne, G.
Kreiser, Patrick M.
description Organizational researchers have long recognized the important role that top managers play within entrepreneurial firms (Ireland, Hitt and Sirmon 2003). Utilizing Covin and Slevin’s (1989) conceptual framework, the current study explores three key entrepreneurial characteristics of top managers and the impact these characteristics have on firm performance. Specifically, we argue that top managers with a high tolerance of risk, those who favor innovative activities and those who display a high degree of proactiveness will positively impact firm performance. In addition, this study examines the influence of top managers’ prestige, structural and expert power on the relationship between entrepreneurial orientation and firm performance. We conclude the study with a discussion of theoretical and practical implications of our findings and suggestions for future research in this area of study.
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ispartof American journal of business, 2010-09, Vol.25 (2), p.41-54
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source Emerald A-Z Current Journals; EBSCOhost Business Source Complete; Standard: Emerald eJournal Premier Collection
subjects Analysis
Behavior
Corporate governance
Decision making
Employee performance
Entrepreneurial orientation
Entrepreneurs
Entrepreneurship
Leadership
Management
Managers
Power
Social interaction
Studies
top management
title Entrepreneurial Orientation and Firm Performance: The Moderating Role of Managerial Power
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