International Journal For Multidisciplinary Research

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The Effect of Entrepreneurial Orientation on Financial and Non-financial SMEs Performance of Female Entrepreneurs in Malaysia: A Review

Author(s) NORAZRUL BIN MA T ROS, MOHD SAIFOUL ZAMZURI BIN NOOR
Country Malaysia
Abstract The field of entrepreneurship has become a catalyst for change and development of the national economy, especially in developed and developing countries. This field is seen as a shadow that can improve the country's economy, competitiveness, solve poverty, create new job opportunities and improve the quality of life. The rapid development in this field of entrepreneurship has attracted women to join and make a name for themselves in this field. Women have also shown high spirit and are willing to face challenges and problems. The success of a business depends on the practice of entrepreneurial orientation which is assumed to be an internal resource or asset that has the potential to improve business performance.

Therefore, the purpose of this study is to review the literature that examines the relationship between entrepreneurial orientation and the financial and non-financial performance of firms owned by female entrepreneurs in the period from 2018 to 2023. This study also uses the Scopus database. Most of review show that the study of EO and business performance owned by women entrepreneurs in various countries show relatively similar results that EO has a positive and significant effect on business performance. However, specific findings show that EO with three dimensions is more used in studies than EO with five dimensions. Five main themes were also found based on the literature review analysis: (1) Proactiveness; (2) innovativeness; (3) taking risks; (4) autonomy and (5) competitive aggressiveness.
Keywords Dimension of Entrepreneurial Orientation, Financial Performance, Non-financial performance and female entrepreneurs
Published In Volume 6, Issue 4, July-August 2024
Published On 2024-07-25
Cite This The Effect of Entrepreneurial Orientation on Financial and Non-financial SMEs Performance of Female Entrepreneurs in Malaysia: A Review - NORAZRUL BIN MA T ROS, MOHD SAIFOUL ZAMZURI BIN NOOR - IJFMR Volume 6, Issue 4, July-August 2024.
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E-ISSN 2582-2160
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