Hospitality and Tourism 2015 2015
DOI: 10.1201/b19162-14
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The influence of Entrepreneurial Orientation (EO) on restaurant business performance

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“…Although some researchers (Lumpkin and Dess 1996;Wiklund and Shepherd 2005) highlight the advantages of using both financial and non-financial measures of performance, other researchers (Sharma 2014;Talib and Shafie 2016) have consistently used only financial measures of performance as a means to measure success in family businesses. Chong (2008) importance of profitability as a measure of financial performance by stating that profitability reflects the business's ability to achieve its long-term goals.…”
Section: Literature Overview and Hypotheses Developmentmentioning
confidence: 99%
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“…Although some researchers (Lumpkin and Dess 1996;Wiklund and Shepherd 2005) highlight the advantages of using both financial and non-financial measures of performance, other researchers (Sharma 2014;Talib and Shafie 2016) have consistently used only financial measures of performance as a means to measure success in family businesses. Chong (2008) importance of profitability as a measure of financial performance by stating that profitability reflects the business's ability to achieve its long-term goals.…”
Section: Literature Overview and Hypotheses Developmentmentioning
confidence: 99%
“…Perceived measures of performance are based on subjective views of growth and profitability, and not objective information gathered by reviewing performance records (Soininen, Martikainen, Pumaonen and Kylaheiko 2012;Talib and Shafie 2016). In the current study, financial performance will be based on the perception of the owner of the family SME and will measure aspects of profitability, growth and financial security.…”
Section: Literature Overview and Hypotheses Developmentmentioning
confidence: 99%