Abstract
The entrepreneurial orientation (EO)-performance correlation varies across firms, traditionally attributed to external moderators. This study introduces a novel perspective, examining the EO and learning orientation (LO) correlation as an internal moderator on the EO-performance relationship. Our meta-analysis of 418 samples from 400 studies and a total of 129,695 firms, reveals a strong positive association between EO and LO, indicating their synergistic potential. The combined effects of EO and LO on performance were found to be significantly greater than their individual impacts. Furthermore, the correlation between EO and LO significantly influences the EO-performance relationship, suggesting that firms with high levels of both EO and LO exhibit higher performance variability. With the right balance between EO and LO, the EO-performance relationship can be almost doubled, providing a strategic lever for managers to enhance firm performance.
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