Moderating Effect of Access to Finance on Entrepreneurial Orientation, Market Orientation, Learning Orientation and SMEs Performance: A Proposed Model

• Main Authors: Mohd Shariff, Mohd Noor, Ahmad, Nifaosan Raden, Hafeez, Muhammad Haroon
• Format: Conference or Workshop Item
• Language: English
• Published: 2017
• Subjects: HB Economic Theory
• Online Access: http://repo.uum.edu.my/24810/1/2nd%20IRC%202017%2048.pdf; http://repo.uum.edu.my/24810/

The significant role of SMEs has been widely acknowledged as an engine of economic growth in both developed and developing countries. However, the SMEs may encounter difficulties in operating their activities among rivals in a competitive market.Strategic orientation can be seen as the vital resources for SMEs to employ for obtaining competitive advantage that in turn leads to better performance.This study aims to propose a model that depicts the moderating effect of access to finance on the relationship between entrepreneurial orientation, market orientation, learning orientation and SMEs performance. Based on the review of existing literature, the proposed model is developed.This paper argues that although entrepreneurial orientation, market orientation, and learning orientation have impact on SMEs performance but its impact will be greater when access to finance is highly supportive. The findings of this study will provide a clear understanding of the impact of entrepreneurial orientation, market orientation, learning orientation on firm performance in the area of strategic management and entrepreneurship.The findings also will be beneficial to owner-managers of SMEs to understand the key factors that should be encouraged and avoided in improving business performance