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Treating firm size as an exogenous variable: a viable explanation for mixed EO-performance research findings

Year: 2025

Type: article

Abstract: Purpose This study aims to provide a viable explanation to the mixed entrepreneurial orientation (EO)–performance findings. Design/methodology/approach A sample of 13,796 small, medium and large US public firms. Findings When firm size is treated as an exogenous variable, the shape of the EO–performance relationships is a U-shaped curve for small firms, an upward-sloping straight line for medium-sized firms, and an inverted U-shaped curve for large firms. Originality/value Treating firm size as an exogenous variable to split the sample into big, medium and small panels.

Source: Organization Management Journal

DOI: 10.1108/omj-10-2025-2802

Authors: Gang Fan, Mengge Li, Derrick D’souza

Institutions: Texas A&M International University, The University of Texas at El Paso, University of North Texas

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4416848390