Edited By Rasim Yilmaz and Günther Löschnigg
This volume is a collection of empirical and theoretical research papers in the social sciences regarding the Balkans and the Near East written by researchers from several different universities and institutions. The studies include a wide range of topics from economic, financial, political, agricultural, sociological, international relations to historical, cultural, and feminist issues in the region of the Balkan and Near East. The book is aimed at educators, researchers, and students interested in the Balkan and Near Eastern countries.
Entrepreneurial Orientation, Intangible Resources Advantage, and Corporate Growth: Evidence from Turkish SMEs (Hasan Ayaydin / Fahrettin Pala / İbrahim Karaaslan)
Hasan Ayaydin1, Fahrettin Pala2 and İbrahim Karaaslan3 Entrepreneurial Orientation, Intangible Resources Advantage, and Corporate Growth: Evidence from Turkish SMEs Introduction The first study on corporate growth was carried out by Robert Gibrat who put for- ward the relationship between corporate size and corporate growth. Gibrat (1931) concluded that there is not a relationship between corporate size and corporate growth and that an assessment concerning the growth of corporations could not be made judging from their sizes. This condition is also called “Gibrat Law”. A great number of studies on corporate growth focus on factors that affect corpo- rate growth. In these studies, the effect of research and development investment, capital structure or leverage ratio, different structures such as profitability and li- quidity, and policies on corporate growth were analysed by using different models. The relationship between entrepreneurial orientation and corporate growth has widely been accepted by academicians and the researchers have thoroughly studied the relationship between entrepreneurial orientation and various finan- cial performance indicators. Studies focusing on the relationship between entre- preneurship and corporate growth agree that firms that have an entrepreneurial strategic stance show a better performance than the firms with a more conserva- tive management. Starting from the studies of Miller (1983), Khandwalla (1977), Mintzberg (1973), and Covin and Slevin (1991), the process of strategic stance has transferred from conservative strategies to entrepreneurial strategies. According to Miller (1983) and Covin and Slevin (1991), a firm should provide three sub- dimensions of entrepreneurial orientation so that it can be...
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