Entrepreneurial orientation and new venture performance in emerging markets: The mediating role of opportunity recognition

Muhammad Anwar, Thomas Clauss, Wunnam Basit Issah

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62 Citations (Scopus)
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How entrepreneurial orientation facilitates the identification of new opportunities in newly established ventures in emerging economies remains largely unexplored. Approaching entrepreneurial orientation as a second order latent construct, we examined the mediating role of opportunity recognition on new venture performance. Using a survey data from 316 SMEs, the results of the analysis in SmartPLS highlights that entrepreneurial orientation indirectly contributes to the performance of new ventures, where the relationship is partially mediated by opportunity recognition. The findings show that firms with high entrepreneurial orientation can identify and exploit new opportunities as well as enjoy superior performance.
Original languageEnglish
Pages (from-to)769–796
Number of pages28
JournalReview of Managerial Science
Issue number3
Early online date24 Mar 2021
Publication statusPublished - Apr 2022


  • Entrepreneurial orientation
  • New venture performance
  • Opportunity recognition
  • Sensing capacity

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