“…While most academics view the EO construct as a firm-level phenomenon (Covin and Slevin, 1989b;Guth and Ginsberg, 1990;Zahra, 1993;Lumpkin and Dess, 1996;Antoncic andHisrich, 2001, 2003), it can also be applied to the individual level, although few studies have implemented this approach (e.g., Poon et al, 2006;Joardar and Wu, 2011;Bolton, 2012;Langkamp Bolton and Lane, 2012;Goktan and Gupta, 2013). Based on the effort by Lumpkin and Dess (1996), Langkamp Bolton and Lane (2012) stress the reliability and validity of the used scale with 1,100 individuals.…”