|Journal||Journal of Entrepreneurship in Emerging Economies|
|Publication status||Published - 2022|
- Business and social networks
- Educational institutions
- Entrepreneurial culture
- Entrepreneurial ecosystem
- Entrepreneurial finance
- Regional entrepreneurship culture
- SMEs’ financial performance
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In: Journal of Entrepreneurship in Emerging Economies, 2022.
Research output: Contribution to journal › Article › peer-review
TY - JOUR
T1 - The impact of entrepreneurs’ decision-making style on SMEs’ financial performance
T2 - Journal of Entrepreneurship in Emerging Economies
AU - Weerasekara, S.
AU - Bhanugopan, R.
N1 - Export Date: 12 July 2022 Correspondence Address: Bhanugopan, R.; Faculty of Business, Australia; email: firstname.lastname@example.org References: Adler, N.J., (1991) International Dimensions of Organizational Behaviour, , 2nd ed., PWS-Kent Publishing Co., CA; Ali, A., Decision styles and work satisfaction of Arab executives: a cross-national study (1989) International Studies of Management and Organization, 19 (2), pp. 22-37; Ali, A., Decision-making style, individualism and attitude toward risk of Arab executives (1993) International Studies of Management and Organization, 23 (3), pp. 53-74; Ali, A.J., Schaupp, D.L., Value systems as predictors of managerial decision styles of Arab executives (1992) International Journal of Manpower; Ali, A., Swiercz, P.M., Firm size and export behavior: lessons from the midwest (1991) Journal of Small Business Management, 29 (2), p. 71; Amason, A.C., Distinguishing the effects of functional and dysfunctional conflict on strategic decision making: resolving a paradox for top management teams (1996) Academy of Management Journal, 39 (1), pp. 123-148; Amason, A.C., Schweiger, D.M., The effects of conflict on strategic decision making effectiveness and organizational (1997) Using Conflict in Organizations, 101; Andersson, L.M., Bateman, T.S., Individual environmental initiative: championing natural environmental issues in US business organizations (2000) The Academy of Management Journal, 43 (4), pp. 548-570; Aram, J., Piraino, T., The hierarchy of needs theory: an evaluation in Chile (1978) International Journal of Psychology, 12, pp. 179-188; Astley, G., Van de Ven, A., Center perspective and debates in organizational theory (1983) Administrative Science Quarterly, 28 (2), pp. 245-273; Audretsch, D.B., From the entrepreneurial university to the university for the entrepreneurial society (2014) The Journal of Technology Transfer, 39 (3), pp. 313-321; Auerswald, P.E., Enabling entrepreneurial ecosystems: insights from ecology to inform effective entrepreneurship policy (2015) Kauffman Foundation Research Series on City, Metro, and Regional Entrepreneurship; Badawy, M.K., Styles of Mid-Eastern managers (1980) California Management Review, 22 (3), pp. 51-58; Barnard, C.I., (1968) The Functions of the Executive, , Harvard University Press, Cambridge, MA; Baron, R.C., Pioneers and plodders: The American entrepreneurial spirit (2004) Fulcrum Pub; Baron, R.A., The role of affect in the entrepreneurial process (2008) Academy of Management Review, 33 (2), pp. 328-340; Baron, R.M., Kenny, D.A., The moderator–mediator variable distinction in social psychological research: conceptual, strategic, and statistical considerations (1986) Journal of Personality and Social Psychology, 51 (6), p. 1173; Bourgeois, L.J., III, Eisenhardt, K.M., Strategic decision processes in high-velocity environments: four cases in the microcomputer industry (1988) Management Science, 34 (7), pp. 816-835; Bruine de Bruin, W., Parker, A.M., Fischhoff, B., Individual differences in adult DecisionMaking competence (2007) Journal of Personality and Social Psychology, 92 (5), pp. 938-956; Bruner, J.S., Goodnow, J.J., Austin, G.A., (1956) A Study of Thinking, , John Wiley and Sons. 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PY - 2022
Y1 - 2022
N2 - Purpose: This study aims to investigate the impact of entrepreneurs’ decision-making styles on enterprise performance and suggests several entrepreneurial ecosystems – factors are impacting this relationship. The authors extend this line of work by examining how regional entrepreneurial culture, educational institutional support and business and social networks mediating the relationship between entrepreneurs’ decision-making style and small medium enterprises (SME)s’ financial performance. Design/methodology/approach: The data were collected through an e-survey of SME owners in New South Wales, Australia. This study developed a model combining a set of entrepreneurial ecosystem factors, entrepreneurs’ decision-making styles and SMEs’ financial performance. Data were analysed using partial least square structural equation modelling. Findings: The results suggest regional entrepreneurial culture, educational institutional support and business and social networks mediate the relationship between entrepreneurs’ decision-making style and SMEs’ financial performance. Hence, this study developed a more complete methodical understanding of entrepreneurs’ decision-making styles and their impact on SMEs’ financial performance. This study provides deeper insights into the conditions and processes by which an entrepreneurs’ decision-making style impacts SMEs’ financial performance. Originality/value: The focus of this study was to understand the relationship of entrepreneurs’ decision-making styles on SMEs’ financial performance. The authors identified that the entrepreneurs’ decision-making style positively impacts SMEs’ financial performance. This study augments the body of knowledge by proposing ways in how the entrepreneurs’ decision-making style can be more strengthened. © 2021, Emerald Publishing Limited.
AB - Purpose: This study aims to investigate the impact of entrepreneurs’ decision-making styles on enterprise performance and suggests several entrepreneurial ecosystems – factors are impacting this relationship. The authors extend this line of work by examining how regional entrepreneurial culture, educational institutional support and business and social networks mediating the relationship between entrepreneurs’ decision-making style and small medium enterprises (SME)s’ financial performance. Design/methodology/approach: The data were collected through an e-survey of SME owners in New South Wales, Australia. This study developed a model combining a set of entrepreneurial ecosystem factors, entrepreneurs’ decision-making styles and SMEs’ financial performance. Data were analysed using partial least square structural equation modelling. Findings: The results suggest regional entrepreneurial culture, educational institutional support and business and social networks mediate the relationship between entrepreneurs’ decision-making style and SMEs’ financial performance. Hence, this study developed a more complete methodical understanding of entrepreneurs’ decision-making styles and their impact on SMEs’ financial performance. This study provides deeper insights into the conditions and processes by which an entrepreneurs’ decision-making style impacts SMEs’ financial performance. Originality/value: The focus of this study was to understand the relationship of entrepreneurs’ decision-making styles on SMEs’ financial performance. The authors identified that the entrepreneurs’ decision-making style positively impacts SMEs’ financial performance. This study augments the body of knowledge by proposing ways in how the entrepreneurs’ decision-making style can be more strengthened. © 2021, Emerald Publishing Limited.
KW - Business and social networks
KW - Decision-making
KW - Educational institutions
KW - Entrepreneurial culture
KW - Entrepreneurial ecosystem
KW - Entrepreneurial finance
KW - Entrepreneurs’
KW - Regional entrepreneurship culture
KW - SMEs’ financial performance
U2 - 10.1108/JEEE-03-2021-0099
DO - 10.1108/JEEE-03-2021-0099
M3 - Article
SN - 2053-4604
JO - Journal of Entrepreneurship in Emerging Economies
JF - Journal of Entrepreneurship in Emerging Economies