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Entrepreneurial orientation and knowledge acquisition: effects on performance in the specific context of women-owned firms

  • María del Mar Fuentes-Fuentes
  • Ana M. BojicaEmail author
  • Matilde Ruiz-Arroyo
Article

Abstract

This study seeks to offer new insights into the relationship between entrepreneurial orientation and performance by focusing on the specific context of women-owned firms. In particular, it analyses the influence of entrepreneurial orientation and external knowledge acquisition on firm performance. The results obtained from a sample of Spanish women entrepreneurs show that entrepreneurial orientation is positively related to operational and financial performance. However, knowledge acquisition affects financial performance only via its effects on entrepreneurial orientation, suggesting a mediating role for entrepreneurial orientation. By incorporating variables that have received little consideration in the literature on women-owned firms, such as entrepreneurial orientation and external knowledge acquisition, this study advances the knowledge regarding the factors that may contribute to the creation of sustainable women-led businesses.

Keywords

Entrepreneurial orientation Performance Knowledge acquisition Women-owned firms 

Notes

Acknowledgments

This work was supported by the Ministry of Science and Innovation of Spain [FEM2009-08511].

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© Springer Science+Business Media New York 2014

Authors and Affiliations

  • María del Mar Fuentes-Fuentes
    • 1
  • Ana M. Bojica
    • 1
    Email author
  • Matilde Ruiz-Arroyo
    • 1
  1. 1.Department of Business Administration, Faculty of Economics and BusinessUniversity of GranadaGranadaSpain

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