Weitere Artikel dieser Ausgabe durch Wischen aufrufen
Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
Integrating the institution-based view and the resource-based view, this article explores the contingent effects of national institutions and firm resource bases on the relationships between strategic orientations—i.e., entrepreneurial orientation (EO) and market orientation (MO)—and firm performance. This is accomplished through a meta-analysis of 160 independent samples reported in 154 studies drawing from 35,367 organizations in 33 countries (22 developed and 11 emerging economies). Considering combined contingent effects of institutions and resource bases, we find that strategic orientations—both EO and MO—in developed economies lead to higher performance in large firms than in small firms. In emerging economies, the effect of EO and MO on performance is, in contrast, more pronounced in small firms.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Alpkan, L., Yilmaz, G., & Kaya, N. 2007. Market orientation and planning flexibility in SMEs: Performance implications and an empirical investigation. International Small Business Journal, 25(2): 152–172. CrossRef
Aragón-Sánchez, A., & Sánchez-Marín, G. 2005. Strategic orientation, management characteristics, and performance: A study of Spanish small firms. Journal of Small Business Management, 43(3): 287–308. CrossRef
Atuahene-Gima, K., & Ko, A. 2001. An empirical investigation of the effect of market orientation and entrepreneurship orientation alignment on product innovation. Organization Science, 12(1): 54–74. CrossRef
Baker, W. E., & Sinkula, J. M. 2009. The complementary effects of market orientation and entrepreneurial orientation on profitability in small businesses. Journal of Small Business Management, 47(4): 443–464. CrossRef
Barney, J. 1991. Firm resources and sustained competitive advantage. Journal of Management, 17(1): 99–120. CrossRef
Beard, D. W., & Dess, G. G. 1981. Corporate-level strategy, business-level strategy, and firm performance. Academy of Management Journal, 24(4): 663–688.
Bhuian, S. N., Menguc, B., & Bell, S. J. 2005. Just entrepreneurial enough: The moderating effect of entrepreneurship on the relationship between market orientation and performance. Journal of Business Research, 58(1): 9–17. CrossRef
Boisot, M., & Child, J. 1996. From fiefs to clans and network capitalism: Explaining China's emerging economic order. Administrative Science Quarterly, 41(4): 600–628. CrossRef
Bonaccorsi, A. 1992. On the relationship between firm size and export intensity. Journal of International Business Studies, 23(4): 605–635. CrossRef
Boso, N., Story, V. M., & Cadogan, J. W. 2013. Entrepreneurial orientation, market orientation, network ties, and performance: Study of entrepreneurial firms in a developing economy. Journal of Business Venturing, 28(6): 708–727. CrossRef
Bruton, G. D., & Ahlstrom, D. 2003. An institutional view of China's venture capital industry: Explaining the differences between China and the West. Journal of Business Venturing, 18(2): 233–259. CrossRef
Bruton, G. D., Ahlstrom, D., & Puky, T. 2009. Institutional differences and the development of entrepreneurial ventures: A comparison of the venture capital industries in Latin America and Asia. Journal of International Business Studies, 40(5): 762–778. CrossRef
Calof, L. J. 1994. The relationship between firm size and export behavior revisited. Journal of International Business Studies, 25(2): 367–387. CrossRef
Cano, C. R., Carrillat, F. A., & Jaramillo, F. 2004. A meta-analysis of the relationship between market orientation and business performance: Evidence from five continents. International Journal of Research in Marketing, 21(2): 179–200. CrossRef
Cao, Q., Gedajlovic, E., & Zhang, H. 2009. Unpacking organizational ambidexterity: Dimensions, contingencies, and synergistic effects. Organization Science, 20(4): 781–796. CrossRef
Cao, Q., Simsek, Z., & Jansen, J. J. 2015. CEO social capital and entrepreneurial orientation of the firm bonding and bridging effects. Journal of Management, 41(7): 1957–1981. CrossRef
Chan, H. H., & Ellis, P. 1998. Market orientation and business performance: Some evidence from Hong Kong. International Marketing Review, 15(2): 119–139. CrossRef
Chen, M. J., & Hambrick, D. C. 1995. Speed, stealth, and selective attack: How small firms differ from large firms in competitive behavior. Academy of Management Journal, 38(2): 453–482. CrossRef
China’s Press and Publication Newspaper. 2014. Tencent Weibo "shut down" and Sina Weibo "monolith". http://news.xinhuanet.com/zgjx/2014-07/31/c_133522542.htm.
Cooper, H. M., Hedges, L. V., & Valentine, J. C. (Eds.) 2009. The handbook of research synthesis and meta-analysis, 2nd ed. New York: Russell Sage Foundation.
Covin, J. G., & Slevin, D. P. 1989. Strategic management of small firms in hostile and benign environments. Strategic Management Journal, 10(1): 75–87. CrossRef
Covin, J. G., & Slevin, D. P. 1991. A conceptual model of entrepreneurship as firm behavior. Entrepreneurship Theory and Practice, 16(1): 7–25. CrossRef
Day, G. S. 1994. The capabilities of market-driven organizations. Journal of Marketing, 58(4): 37–52. CrossRef
Donaldson, L. 2008. The conflict between contingency and institutional theories of organizational design. In R. M. Burton, B. H. Eriksen, D. D. Håkonsson, T. Knudsen, & C. C. Snow (Eds.). Designing organizations: 3–20. New York: Springer. CrossRef
Drazin, R., & Schoonhoven, C. B. 1996. Community, population, and organization effects on innovation: A multilevel perspective. Academy of Management Journal, 39(5): 1065–1083.
Duran, P., van Essen, M., Huegens, P., Kostova, T., & Peng, M. W. 2018. The impact of institutions on the competitive advantage of publicly listed family firms in emerging markets. Global Strategy Journal. https://doi.org/10.1002/gsj.1312.
Ellis, P. D. 2005. Market orientation and marketing practice in a developing economy. European Journal of Marketing, 39(5/6): 629–645. CrossRef
Ellis, P. D. 2006. Market orientation and performance: A meta-analysis and cross-national comparisons. Journal of Management Studies, 43(5): 1089–1107. CrossRef
Farrell, M. A. 2000. Developing a market-oriented learning organization. Australian Journal of Management, 25(2): 201–222. CrossRef
Foxall, G. R. 1984. Corporate innovation: Marketing and strategy. Beckenham, UK: Croom Helm.
Gatignon, H., & Xuereb, J. M. 1997. Strategic orientation of the firm and new product performance. Journal of Marketing Research, 34(1): 77–90. CrossRef
Geyskens, I., Krishnan, R., Steenkamp, J. B. E. M., & Cunha, P. V. 2009. A review and evaluation of meta-analysis practices in management research. Journal of Management, 35(2): 393–419. CrossRef
Hakala, H. 2011. Strategic orientations in management literature: Three approaches to understanding the interaction between market, technology, entrepreneurial and learning orientations. International Journal of Management Reviews, 13(2): 199–217. CrossRef
Hart, S. L. 1992. An integrative framework for strategy-making processes. Academy of Management Review, 17(2): 327–351. CrossRef
Hedges, L. V., & Olkin, I. 1985. Statistical methods for meta-analysis. New York: Academic Press.
Hitt, M. A., Dacin, M. T., Levitas, E., Arregle, J. L., & Borza, A. 2000. Partner selection in emerging and developed market contexts: Resource-based and organizational learning perspectives. Academy of Management Journal, 43(3): 449–467.
Hitt, M. A., Ireland, R. D., Camp, S. M., & Sexton, D. L. 2001. Strategic entrepreneurship: Entrepreneurial strategies for wealth creation. Strategic Management Journal, 22(6/7): 479–491. CrossRef
Hoskisson, R. E., Eden, L., Lau, C. M., & Wright, M. 2000. Strategy in emerging economies. Academy of Management Journal, 43(3): 249–267.
Hou, M., Liu, H., Fan, P., & Wei, Z. 2016. Does CSR practice pay off in east Asian firms? A meta-analytic investigation. Asia Pacific Journal of Management, 33(1): 195–228. CrossRef
Hult, G. T. M., & Ketchen, D. J. 2001. Does market orientation matter? A test of the relationship between positional advantage and performance. Strategic Management Journal, 22(9): 899–906. CrossRef
Hult, G. T. M., Ketchen, D. J., & Slater, S. F. 2005. Market orientation and performance: An integration of disparate approaches. Strategic Management Journal, 26(12): 1173–1181. CrossRef
Hunter, J. E., & Schmidt, F. L. 2004. Methods of meta-analysis: Correcting error and bias in research findings, 2nd ed. Thousand Oaks, CA: Sage.
Hurley, R. F., & Hult, G. T. M. 1998. Innovation, market orientation, and organizational learning: An integration and empirical examination. Journal of Marketing, 62(3): 42–54. CrossRef
Jaworski, B. J., & Kohli, A. K. 1993. Market orientation: Antecedents and consequences. Journal of Marketing, 57(3): 53–70. CrossRef
Ketchen, D. J., Hult, G. T. M., & Slater, S. F. 2007. Toward greater understanding of market orientation and the resource-based view. Strategic Management Journal, 28(9): 961–964. CrossRef
Kirca, A. H., Jayachandran, S., & Bearden, W. O. 2005. Market orientation: A meta-analytic review and assessment of its antecedents and impact on performance. Journal of Marketing, 69(2): 24–41. CrossRef
Kirca, A. H., Hult, G. T. M., Roth, K., Cavusgil, S. T., Perryy, M. Z., Akdeniz, M. B., Deligonul, S. Z., Mena, J. A., Pollitte, W. A., Hoppner, J. J., Miller, J. C., & White, R. C. 2011. Firm-specific assets, multinationality, and financial performance: A meta-analytic review and theoretical integration. Academy of Management Journal, 54(1): 47–72. CrossRef
Kohli, A. K., & Jaworski, B. J. 1990. Market orientation: The construct, research propositions, and managerial implications. Journal of Marketing, 54: 1–18. CrossRef
Kumar, V., Jones, E., Venkatesan, R., & Leone, R. P. 2011. Is market orientation a source of sustainable competitive advantage or simply the cost of competing? Journal of Marketing, 75(1): 16–30. CrossRef
Langerak, F., Hultink, E. J., & Robben, H. S. 2004. The impact of market orientation, product advantage, and launch proficiency on new product performance and organizational performance. Journal of Product Innovation Management, 21(2): 79–94. CrossRef
Lee, R. P., & Chen, Q. 2009. The immediate impact of new product introductions on stock price: The role of firm resources and size. Journal of Product Innovation Management, 26(1): 97–107. CrossRef
Leonard-Barton, D. 1992. Core capabilities and core rigidities: A paradox in managing new product development. Strategic Management Journal, 13(S1): 111–125. CrossRef
Li, Y., Chen, H., Liu, Y., & Peng, M. W. 2014. Managerial ties, organizational learning, and opportunity capture: A social capital perspective. Asia Pacific Journal of Management, 31(1): 271–291. CrossRef
Li, Y., Liu, Y., & Zhao, Y. B. 2006. The role of market and entrepreneurship orientation and internal control in the new product development activities of Chinese firms. Industrial Marketing Management, 35(3): 336–347. CrossRef
Li, Y., Peng, M. W., & Macaulay, C. D. 2013. Market-political ambidexterity during institutional transitions. Strategic Organization, 11(2): 205–213. CrossRef
Li, Y., Wei, Z., & Liu, Y. 2010. Strategic orientations, knowledge acquisition, and firm performance: The perspective of the vendor in cross-border outsourcing. Journal of Management Studies, 47(8): 1457–1482. CrossRef
Li, Y., Zhao, Y., Tan, J., & Liu, Y. 2008. Moderating effects of entrepreneurial orientation on market orientation-performance linkage: Evidence from Chinese small firms. Journal of Small Business Management, 46(1): 113–133. CrossRef
Liao, S. H., Chang, W. J., Wu, C. C., & Katrichis, J. M. 2011. A survey of market orientation research (1995–2008). Industrial Marketing Management, 40(2): 301–310. CrossRef
Lin, Z., Peng, M. W., Yang, H., & Sun, S. L. 2009. How do networks and learning drive M&as? An institutional comparison between China and the United States. Strategic Management Journal, 30(10): 1113–1132. CrossRef
Lipsey, M. W., & Wilson, D. B. 2001. Practical meta-analysis. Thousand Oaks, CA: Sage.
Liu, H. 1995. Market orientation and firm size: An empirical examination in UK firms. European Journal of Marketing, 29(1): 57–71. CrossRef
Liu, Y., Li, Y., & Xue, J. 2011. Ownership, strategic orientation and internationalization in emerging markets. Journal of World Business, 46(3): 381–393. CrossRef
Liu, H., Ding, X., Guo, H., & Luo, J. 2014. How does slack affect product innovation in high-tech Chinese firms: The contingent value of entrepreneurial orientation. Asia Pacific Journal of Management, 31(1): 47–68. CrossRef
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. CrossRef
Lumpkin, G. T., & Dess, G. G. 2001. Linking two dimensions of entrepreneurial orientation to firm performance: The moderating role of environment and industry life cycle. Journal of Business Venturing, 16(5): 429–451. CrossRef
Maatoofi, A. R., & Tajeddini, K. 2011. Effect of market orientation and entrepreneurial orientation on innovation: Evidence from auto parts manufacturing in Iran. Journal of Management Research, 11(1): 20–30.
Matsuno, K., Mentzer, J. T., & Özsomer, A. 2002. The effects of entrepreneurial proclivity and market orientation on business performance. Journal of Marketing, 66(3): 18–32. CrossRef
Meyer, K. E. 2001. Institutions, transaction costs, and entry mode choice in Eastern Europe. Journal of International Business Studies, 32(2): 357–367. CrossRef
Meyer, K. E., & Peng, M. W. 2016. Theoretical foundations of emerging economy business research. Journal of International Business Studies, 47(1): 3–22. CrossRef
Meyer, K. E., Estrin, S., Bhaumik, S. K., & Peng, M. W. 2009. Institutions, resources, and entry strategies in emerging economies. Strategic Management Journal, 30(1): 61–80. CrossRef
Miles, M. P., & Arnold, D. R. 1991. The relationship between marketing orientation and entrepreneurial orientation. Entrepreneurship Theory and Practice, 15(4): 49–65. CrossRef
Miller, D. 1983. The correlates of entrepreneurship in three types of firms. Management Science, 29(7): 770–791. CrossRef
Mu, J., & Di Benedetto, C. A. 2011. Strategic orientations and new product commercialization: Mediator, moderator, and interplay. R&D Management, 41(4): 337–359. CrossRef
Mutlu, C., Wu, Z., Peng, M. W., & Lin, Z. 2015. Competing in (and out of) transition economies. Asia Pacific Journal of Management, 32(3): 571–596. CrossRef
Mutlu, C., van Essen, M., Peng, M. W., Saleh, S. F., & Duran, P. 2018. Corporate governance in China: A meta-analysis. Journal of Management Studies, 55(6): 943–979. CrossRef
Narver, J. C., & Slater, S. F. 1990. The effect of a market orientation on business profitability. Journal of Marketing, 54(4): 20–35. CrossRef
Newbert, S. L. 2007. Empirical research on the resource-based view of the firm: An assessment and suggestions for future research. Strategic Management Journal, 28(2): 121–146. CrossRef
Noble, C. H., Sinha, R. K., & Kumar, A. 2002. Market orientation and alternative strategic orientations: A longitudinal assessment of performance implications. Journal of Marketing, 66(4): 25–39. CrossRef
O’Cass, A., & Ngo, L. V. 2011. Winning through innovation and marketing: Lessons from Australia and Vietnam. Industrial Marketing Management, 40(8): 1319–1329. CrossRef
Peng, M. W. 2003. Institutional transitions and strategic choices. Academy of Management Review, 28(2): 275–296. CrossRef
Peng, M. W., Lebedev, S., Vlas, C. O., Wang, J. C., & Shay, J. S. 2018a. The growth of the firm in (and out of) emerging economies. Asia Pacific Journal of Management, 35(4): 829–857. CrossRef
Peng, M. W., Nguyen, H. W., Wang, J. C., Hassenhuttl, M., & Shay, J. S. 2018b. Bringing institutions into strategy teaching. Academy of Management Learning and Education, 17(3): 259–278. CrossRef
Peng, M. W., Sun, S. L., Pinkham, B., & Chen, H. 2009. The institution-based view as a third leg for a strategy tripod. Academy of Management Perspectives, 23(3): 63–81. CrossRef
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. CrossRef
Rosenbusch, N., Rauch, A., & Bausch, A. 2013. The mediating role of entrepreneurial orientation in the task environment-performance relationship: A meta-analysis. Journal of Management, 39(3): 633–659. CrossRef
Shi, W. S., Sun, S. L., & Peng, M. W. 2012. Sub-national institutional contingencies, network positions, and IJV partner selection. Journal of Management Studies, 49(7): 1221–1245. CrossRef
Shoham, A., Rose, G. M., & Kropp, F. 2005. Market orientation and performance: A meta-analysis. Marketing Intelligence and Planning, 23(5): 435–454. CrossRef
Slater, S. F., & Narver, J. C. 1994. Does competitive environment moderate the market orientation-performance relationship? Journal of Marketing, 58(1): 46–55. CrossRef
Slater, S. F., & Narver, J. C. 1995. Market orientation and the learning organization. Journal of Marketing, 59(7): 63–74. CrossRef
Soehadi, A. W., Hart, S., & Tagg, S. 2001. Measuring market orientation in the Indonesian retail context. Journal of Strategic Marketing, 9(4): 285–299. CrossRef
Song, M., Droge, C., Hanvanich, S., & Calantone, R. 2005. Marketing and technology resource complementarity: An analysis of their interaction effect in two environmental contexts. Strategic Management Journal, 26(3): 259–276. CrossRef
Sterne, J. 2009. Meta-analysis in Stata: An updated collection from the Stata journal. College Station: Stata Press.
Su, Z., Xie, E., & Li, Y. 2011. Entrepreneurial orientation and firm performance in new ventures and established firms. Journal of Small Business Management, 49(4): 558–577. CrossRef
Sun, S. L., Yang, X., & Li, W. 2014. Variance-enhancing corporate entrepreneurship under deregulation: An option portfolio approach. Asia Pacific Journal of Management, 31(3): 733–761. CrossRef
Tan, J. 1996. Regulatory environment and strategic orientations in a transitional economy: A study of Chinese private enterprise. Entrepreneurship Theory and Practice, 21(1): 31–44. CrossRef
Teece, D., Pisano, G., & Shuen, A. 1997. Dynamic capabilities and strategic management. Strategic Management Journal, 18(7): 509–533. CrossRef
The 21st Century Business Herald. 2017. In the first quarter Weibo’ net profit growth of 278%, monthly active users over twitter. http://m.21jingji.com/article/20170516/herald/0cf8433fdb8c556c30462c2e626692d0.html.
Tolbert, P. S., David, R. J., & Sine, W. D. 2011. Studying choice and change: The intersection of institutional theory and entrepreneurship research. Organization Science, 22(5): 1332–1344. CrossRef
United Nations Development Programme 2010. Human development report 2010: The real wealth of nations: Pathways to human development. New York: UN/Palgrave Macmillan.
van Essen, M., Heugens, P. P. M. A. R., Otten, J., & van Oosterhout, H. 2012. An institution-based view of executive compensation: A multilevel meta-analytic test. Journal of International Business Studies, 43(4): 396–423. CrossRef
Venkatraman, N., & Ramanujam, V. 1986. Measurement of business performance in strategy research: A comparison of approaches. Academy of Management Review, 11(4): 801–814. CrossRef
Volberda, H. W., van der Weerdt, N., Verwaal, E., Stienstra, M., & Verdu, A. J. 2012. Contingency fit, institutional fit, and firm performance: A metafit approach to organization–environment relationships. Organization Science, 23(4): 1040–1054. CrossRef
Wiklund, J., & Shepherd, D. A. 2003. Knowledge-based resources, entrepreneurial orientation, and the performance of small and medium-sized businesses. Strategic Management Journal, 24(13): 1307–1314. CrossRef
Wiklund, J., & Shepherd, D. A. 2011. Where to from here? EO-as-experimentation, failure, and distribution of outcomes. Entrepreneurship Theory and Practice, 35(5): 925–946. CrossRef
Williamson, O. E. 1985. The economic institutions of capitalism. New York: Free Press.
Wright, M., Filatotchev, I., Hoskisson, R. E., & Peng, M. W. 2005. Strategy research in emerging economies: Challenging the conventional wisdom. Journal of Management Studies, 42(1): 1–33. CrossRef
Yamakawa, Y., Peng, M. W., & Deeds, D. L. 2008. What drives new ventures to internationalize from emerging to developed economies? Entrepreneurship Theory and Practice, 32(1): 59–82. CrossRef
Yang, H., Dess, G. G., & Robins, J. A. 2019. Does entrepreneurial orientation always pay off? The role of resource mobilization within and across oorganizations. Asia Pacific Journal of Management. https://doi.org/10.1007/s10490-018-9584-x.
Yu, B., Hao, S., Ahsltrom, D., Si, S., & Liang, D. 2014. Entrepreneurial firms’ network competence, technological capability, and new product development performance. Asia Pacific Journal of Management, 31(3): 689–704. CrossRef
Zachary, M. A., McKenny, A. F., Short, J. C., Davis, K. M., & Wu, D. 2011. Franchise branding: An organizational identity perspective. Journal of the Academy of Marketing Science, 39(4): 629–645. CrossRef
Zahra, S. A., & Covin, J. G. 1993. Business strategy, technology policy and firm performance. Strategic Management Journal, 14(6): 451–478. CrossRef
Zhao, Y., Li, Y., Lee, S. H., & Chen, L. B. 2011. Entrepreneurial orientation, organizational learning, and performance: Evidence from China. Entrepreneurship Theory and Practice, 35(2): 293–317. CrossRef
Zhou, K. Z., & Li, C. B. 2007. How does strategic orientation matter in Chinese firms? Asia Pacific Journal of Management, 24(4): 447–466. CrossRef
Zhou, K. Z., Yim, C., & Tse, D. K. 2005. The effects of strategic orientations on technology- and market-based breakthrough innovations. Journal of Marketing, 69(2): 42–60. CrossRef
Zimmerman, M. A., & Zeitz, G. J. 2002. Beyond survival: Achieving new venture growth by building legitimacy. Academy of Management Review, 27(3): 414–431. CrossRef
- Institutions, resources, and strategic orientations: A meta-analysis
Marc van Essen
Mike W. Peng
- Springer US
Asia Pacific Journal of Management
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
Neuer Inhalt/© Stellmach, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta