“…The second contribution was made in the EO literature, where in contrast to the examination of a firm-level construct (Gutierrez et al, 2015;Karami and Tang, 2019;Linton, 2016aLinton, , 2016b in general, and in the specific context of SMEs in developing nations (Akhtar et al, 2015;Fayaz and Shah, 2017;Hussain et al, 2018;Imran et al, 2020) we have conceptualized it as a psychological orientation of individual entrepreneur (Fatima and Bilal, 2019a;Frese and Gielnik, 2014). We have highlighted the importance of the IEO of SME owners because they are responsible to take the key actions (Krauss et al, 2005) as opposed to the bureaucratic nature of large-scale firms (Abebe and Angriawan, 2014).…”