The determinants of a firm’s strategic orientation and its implication on performance: A study on Indonesia state owned enterprises

References

• Abdel-Kader, M., & Luther, R. (2008). The impact of firm characteristics on management accounting practices: A UK-based empirical analysis. The British Accounting Review, 40(1), 2–25. https://doi.org/10.1016/j.bar.2007.11.003
   Google Scholar
• Acquaah, M. (2007). Managerial social capital, strategic orientation, and organizational performance in an emerging economy. Strategic Management Journal, 28(12), 1235–1255. https://doi.org/10.1002/smj.632
   Web of Science ®Google Scholar
• Aghajari, N., & Senin, A. A. (2014). Strategic orientation and dual innovative operation strategies. Asia-Pacific Journal of Business Administration, 6(2), 127–147. https://doi.org/10.1108/apjba-07-2013-0075
   Google Scholar
• Åkesson, J., Jonsson, P., & Edanius‐Hällås, R. (2007). An assessment of sourcing strategies in the Swedish apparel industry. International Journal of Physical Distribution & Logistics Management, 37(9), 740–762. https://doi.org/10.1108/09600030710840840
   Google Scholar
• Andrews, R., Boyne, G. A., Law, J., & Walker, R. M. (2009). Strategy formulation, strategy content and performance. Public Management Review, 11(1), 1–22. https://doi.org/10.1080/14719030802489989
   Web of Science ®Google Scholar
• Anwar, J., & Hasnu, S. A. F. (2017a). Strategic patterns and firm performance: Comparing consistent, flexible and reactor strategies. Journal of Organizational Change Management, 30(7), 1015–1029. https://doi.org/10.1108/jocm-03-2016-0053
   Web of Science ®Google Scholar
• Anwar, J., & Hasnu, S. A. F. (2017b). Strategy-performance relationships: A comparative analysis of pure, hybrid, and reactor strategies. Journal of Advances in Management Research, 14(4), 446–465. https://doi.org/10.1108/jamr-07-2016-0056
   Google Scholar
• Anwar, J., Shah, S., & Hasnu, S. A. F. (2016). Business strategy and organizational performance. Pakistan Economic and Social Review, 54(1), 97–122. https://www.jstor.org/stable/26616701
   Google Scholar
• Aranda, A. D. (2002). Relationship between operations strategy and size in engineering consulting firms. International Journal of Service Industry Management, 13(3), 263–285. https://doi.org/10.1108/09564230210431974
   Google Scholar
• Arieftiara, D., Utama, S., Wardhani, R., & Rahayu, N. (2019). Contingent fit between business strategies and environmental uncertainty. Meditari Accountancy Research, 28(1), 139–167. https://doi.org/10.1108/medar-05-2018-0338
   Web of Science ®Google Scholar
• Assefa, A., & Matambalya, F. A. S. T. (2002). Technical efficiency of small-and medium-scale enterprises: evidence from a survey of enterprises in tanzania. Eastern Africa Social Science Research Review, 18(2), 1–29. https://doi.org/10.1353/eas.2002.0007
   Google Scholar
• Audretsch, D. B., & Keilbach, M. (2007). The theory of knowledge spillover entrepreneurship*. Journal of Management Studies, 44(7), 1242–1254. https://doi.org/10.1111/j.1467-6486.2007.00722.x
   Web of Science ®Google Scholar
• Banerjee, A. V., & Duflo, E. (2000). Reputation effects and the limits of contracting: A study of the Indian software industry. Quarterly Journal of Economics, 115(3), 989–1017. https://doi.org/10.1162/003355300554962
   Web of Science ®Google Scholar
• Banker, D., Mashruwala, R., & Tripathy, A. (2014). Does a differentiation strategy lead to more sustainable financial performance than a cost leadership strategy? Management Decision, 52(5), 872–896. https://doi.org/10.1108/MD-05-2013-0282
   Web of Science ®Google Scholar
• Barney, J. B., & Clark, D. N. (2007). Resource-based theory : Creating and sustaining competitive advantage. Oxford University Press.
   Google Scholar
• Beck, T., Demirgüç-Kunt, A., & Maksimovic, V. (2005). Financial and legal constraints to growth: Does firm size matter? The Journal of Finance, 60(1), 137–177. https://doi.org/10.1111/j.1540-6261.2005.00727.x
   Web of Science ®Google Scholar
• Bentley, K. A., Omer, T. C., & Sharp, N. Y. (2013). Business strategy, financial reporting irregularities, and audit effort. Contemporary Accounting Research, 30(2), 780–817. https://doi.org/10.1111/j.1911-3846.2012.01174.x
   Web of Science ®Google Scholar
• Bishop, P., & Megicks, P. (2002). Competitive strategy and firm size in the estate agency industry. Journal of Small Business and Enterprise Development, 9(2), 150–161. https://doi.org/10.1108/14626000210427393
   Google Scholar
• Blackmore, K., & Nesbitt, K. (2013). Verifying the miles and snow strategy types in Australian small- and medium-size enterprises [Article]. Australian Journal of Management, 38(1), 171–190. https://doi.org/10.1177/0312896212444692
   Web of Science ®Google Scholar
• Bordeianu, G.-D., & Radu, F. (2020). Basic types of financial ratios used to measure a company’s performance. Economy Transdisciplinarity Cognition, 23(2), 53–58.
   Google Scholar
• Bruneel, J., D’Este, P., & Salter, A. (2010). Investigating the factors that diminish the barriers to university–industry collaboration. Research Policy, 39(7), 858–868. https://doi.org/10.1016/j.respol.2010.03.006
   Web of Science ®Google Scholar
• Cadez, S., & Guilding, C. (2008). An exploratory investigation of an integrated contingency model of strategic management accounting. Accounting, Organizations & Society, 33(7–8), 836–863. https://doi.org/10.1016/j.aos.2008.01.003
   Web of Science ®Google Scholar
• Cadogan, J. W. (2012). International marketing, strategic orientations and business success. International Marketing Review, 29(4), 340–348. https://doi.org/10.1108/02651331211242656
   Web of Science ®Google Scholar
• Cadogan, J. W., Boso, N., Story, V. M., & Adeola, O. (2016). Export strategic orientation–performance relationship: Examination of its enabling and disenabling boundary conditions. Journal of Business Research, 69(11), 5046–5052. https://doi.org/10.1016/j.jbusres.2016.04.078
   Web of Science ®Google Scholar
• Capasso, A., Gallucci, C., & Rossi, M. (2015). Standing the test of time. Does firm performance improve with age? An analysis of the wine industry. Business History, 57(7), 1037–1053. https://doi.org/10.1080/00076791.2014.993614
   Web of Science ®Google Scholar
• Chandrapala, P., & Knápková, A. (2013). Firm-specific factors and financial performance of firms in the czech republic. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 61(7), 2183–2190. https://doi.org/10.11118/actaun201361072183
   Google Scholar
• Chapman, G., & Hewitt Dundas, N. (2018). The effect of public support on senior manager attitudes to innovation. Technovation, 69, 28–39. https://doi.org/10.1016/j.technovation.2017.10.004
   Web of Science ®Google Scholar
• Choiriyah, C., Fatimah, F., Agustina, S., & Ulfa, U. (2021). The effect of return on assets, return on equity, net profit margin, earning per share, and operating profit margin on stock prices of banking companies in Indonesia stock exchange. International Journal of Finance Research, 1(2), 103–123. https://doi.org/10.47747/ijfr.v1i2.280
   Google Scholar
• Coad, A. (2016). Firm age: A survey. Journal of Evolutionary Economics, 28(1), 13–43. https://doi.org/10.1007/s00191-016-0486-0
   Web of Science ®Google Scholar
• Coad, A., Holm, J. R., Krafft, J., & Quatraro, F. (2017). Firm age and performance. Journal of Evolutionary Economics, 28(1), 1–11. https://doi.org/10.1007/s00191-017-0532-6
   Web of Science ®Google Scholar
• Coad, A., Segarra, A., & Teruel, M. (2013). Like milk or wine: Does firm performance improve with age? Structural Change and Economic Dynamics, 24, 173–189. https://doi.org/10.1016/j.strueco.2012.07.002
   Web of Science ®Google Scholar
• Conant, J. S., Mokwa, M. P., & Varadarajan, P. R. (1990). Strategic types, distinctive marketing competencies and organizational performance: A multiple measures-based study. Strategic Management Journal, 11(5), 365–383. https://doi.org/10.1002/smj.4250110504
   Web of Science ®Google Scholar
• DeSarbo, W. S., Anthony Di Benedetto, C., Song, M., & Sinha, I. (2005). Revisiting the miles and snow strategic framework: Uncovering interrelationships between strategic types, capabilities, environmental uncertainty, and firm performance. Strategic Management Journal, 26(1), 47–74. https://doi.org/10.1002/smj.431
   Web of Science ®Google Scholar
• Diaz, J. F., & Pandey, R. (2019). Factors affecting return on assets of US technology and financial corporations. Jurnal Manajemen dan Kewirausahaan, 21(2), 134–144. https://doi.org/10.9744/jmk.21.2.134-144
   Google Scholar
• Djajadikerta, H. G., & Trireksani, T. (2012). Corporate social and environmental disclosure by Indonesian listed companies on their corporate web sites. Journal of Applied Accounting Research, 13(1), 21–36. https://doi.org/10.1108/09675421211231899
   Google Scholar
• Dobrev, S. D., & Carroll, G. R. (2003). Size (and competition) among organizations: Modeling scale-based selection among automobile producers in four major countries, 1885-1981. Strategic Management Journal, 24(6), 541–558. https://doi.org/10.1002/smj.317
   Web of Science ®Google Scholar
• Dominguez, M., Galán-González, J. L., & Barroso, C. (2015). Patterns of strategic change. Journal of Organizational Change Management, 28(3), 411–431. https://doi.org/10.1108/jocm-05-2014-0097
   Web of Science ®Google Scholar
• Doty, D. H., Glick, W. H., & Huber, G. P. (1993). Fit, equifinality, and organizational effectiveness: A test of two configurational theories. Academy of Management Journal, 36(6), 1196–1250. https://doi.org/10.5465/256810
   Web of Science ®Google Scholar
• Durand, R., & Coeurderoy, R. (2001). Age, order of entry, strategic orientation, and organizational performance. Journal of Business Venturing, 16(5), 471–494. https://doi.org/10.1016/s0883-9026(99)00061-0
   Web of Science ®Google Scholar
• Escandón Barbosa, D. M., González-Campo, C. H., & Murillo Vargas, G. (2013). Factors determining the appearance of born global’ companies: Analysis of early internationalisation for SMES in Colombia. Pensamiento & Gestión, 206–223. http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S1657-62762013000200009&nrm=iso
   Google Scholar
• Fainshmidt, S., Pezeshkan, A., Lance Frazier, M., Nair, A., & Markowski, E. (2016). Dynamic capabilities and organizational performance: A Meta-Analytic evaluation and extension. Journal of Management Studies, 53(8), 1348–1380. https://doi.org/10.1111/joms.12213
   Web of Science ®Google Scholar
• Felzensztein, C., Saridakis, G., Idris, B., & Elizondo, G. P. (2022). Do economic freedom, business experience, and firm size affect internationalization speed? Evidence from small firms in Chile, Colombia, and Peru. Journal of International Entrepreneurship, 20(1), 115–156. https://doi.org/10.1007/s10843-021-00303-w
   Web of Science ®Google Scholar
• Fernandes, A. A. R., Solimun, & (2017). Moderating effects orientation and innovation strategy on the effect of uncertainty on the performance of business environment [Article]. International Journal of Law and Management, 59(6), 1211–1219. https://doi.org/10.1108/IJLMA-10-2016-0088
   Google Scholar
• Ferraresi, A. A., Quandt, C. O., dos Santos, S. A., & Frega, J. R. (2012). Knowledge management and strategic orientation: Leveraging innovativeness and performance. Journal of Knowledge Management, 16(5), 688–701. https://doi.org/10.1108/13673271211262754
   Web of Science ®Google Scholar
• Fiss, P. C. (2007). A set-theoretic approach to organizational configurations. Academy of Management Review, 32(4), 1180–1198. https://doi.org/10.5465/amr.2007.26586092
   Web of Science ®Google Scholar
• Fort, T. C., Haltiwanger, J., Jarmin, R. S., & Miranda, J. (2013). How firms respond to business cycles: The role of firm age and firm size. IMF Economic Review, 61(3), 520–559. https://doi.org/10.1057/imfer.2013.15
   Web of Science ®Google Scholar
• Fu, X., Li, J., Xiong, H., & Chesbrough, H. (2014). Open innovation as a response to constraints and risks: Evidence from China. Asian Economic Papers, 13(3), 30–58. https://doi.org/10.1162/ASEP_a_00289
   Web of Science ®Google Scholar
• Furrer, O., Sudharshan, D., Thomas, H., & Tereza Alexandre, M. (2008). Resource configurations, generic strategies, and firm performance. Journal of Strategy and Management, 1(1), 15–40. https://doi.org/10.1108/17554250810909400
   Google Scholar
• Gavrea, C., Ilies, L., & Stegerean, R. (2011). Determinants of organizational performance: The case of romania. Management & Marketing, 6(2), 285–300.
   Google Scholar
• George, D., & Mallery, P. (2020). IBM SPSS Statistics 26 Step by Step : A simple guide and reference (sixteenth) ed. Routledge. https://doi.org/10.4324/9780429056765
   Google Scholar
• Gimenez-Fernandez, E. M., Sandulli, F. D., & Bogers, M. (2020). Unpacking liabilities of newness and smallness in innovative start-ups: Investigating the differences in innovation performance between new and older small firms. Research Policy, 49(10), 104049. https://doi.org/10.1016/j.respol.2020.104049
   Web of Science ®Google Scholar
• Godos-Díez, J.-L., Cabeza-García, L., Martínez-Campillo, A., & Fernández-Gago, R. (2020). The Importance of Firm Size and Development Strategies for CSR Formalisation. In Adapting to Environmental Challenges: New Research in Strategy and International Business (pp. 107–131). https://doi.org/10.1108/978-1-83982-476-020200006
   Google Scholar
• Grimmer, L., Miles, M. P., Byrom, J., & Grimmer, M. (2017). The impact of resources and strategic orientation on small retail firm performance. Journal of Small Business Management, 55, 7–26. https://doi.org/10.1111/jsbm.12368
   Web of Science ®Google Scholar
• Guilding, C. (1999). Competitor-focused accounting: An exploratory note. Accounting, Organizations & Society, 24(7), 583–595. https://doi.org/10.1016/S0361-3682(99)00007-0
   Web of Science ®Google Scholar
• Haddock-Millar, J., Sanyal, C., & Müller-Camen, M. (2015). Green human resource management: A comparative qualitative case study of a United States multinational corporation. The International Journal of Human Resource Management, 27(2), 192–211. https://doi.org/10.1080/09585192.2015.1052087
   Web of Science ®Google Scholar
• Hakala, H. (2011). Strategic orientations in management literature: Three approaches to understanding the interaction between market, technology, entrepreneurial and learning orientations. International Journal of Management Reviews, 13(2), 199–217. https://doi.org/10.1111/j.1468-2370.2010.00292.x
   Web of Science ®Google Scholar
• Haleblian, J. J., McNamara, G., Kolev, K., & Dykes, B. J. (2012). Exploring firm characteristics that differentiate leaders from followers in industry merger waves: A competitive dynamics perspective. Strategic Management Journal, 33(9), 1037–1052. https://doi.org/10.1002/smj.1961
   Web of Science ®Google Scholar
• Hambrick, D. C. (1983). Some tests of the effectiveness and functional attributes of miles and snow’s strategic types. Academy of Management Journal, 26(1), 5–26. https://doi.org/10.2307/256132
   PubMed Web of Science ®Google Scholar
• Handoyo, S., Mulyani, S., Ghani, E. K., & Soedarsono, S. (2023). Firm characteristics, business environment, strategic orientation, and performance. Administrative Sciences, 13(3), 74. https://doi.org/10.3390/admsci13030074
   Web of Science ®Google Scholar
• Hawawini, G., Subramanian, V., & Verdin, P. (2003). Is performance driven by industry-or firm-specific factors? A new look at the evidence. Strategic Management Journal, 24(1), 1–16. https://doi.org/10.1002/smj.278
   Web of Science ®Google Scholar
• Hellmann, T., & Puri, M. (2002). Venture capital and the professionalization of start-up firms: Empirical evidence. The Journal of Finance, 57(1), 169–197. https://doi.org/10.1111/1540-6261.00419
   Web of Science ®Google Scholar
• Helmig, B., Hinz, V., & Ingerfurth, S. (2014). Extending miles & snow’s strategy choice typology to the German hospital sector. Health Policy, 118(3), 363–376. https://doi.org/10.1016/j.healthpol.2014.06.006
   PubMed Web of Science ®Google Scholar
• Henderson, A. D. (1999a). Firm strategy and age dependence: A contingent view of the liabilities of newness, adolescence, and obsolescence. Administrative Science Quarterly, 44(2), 281–314. https://doi.org/10.2307/2666997
   Web of Science ®Google Scholar
• Henderson, A. D. (1999b). Firm strategy and age dependence: A contingentview of the liabilities of newness, adolescence, and obsolescence. Administrative Science Quarterly, 44(2), 281–314. https://doi.org/10.2307/2666997
   Web of Science ®Google Scholar
• Higgins, D., Omer, T. C., & Phillips, J. D. (2015). The influence of a firm’s business strategy on its tax aggressiveness. Contemporary Accounting Research, 32(2), 674–702. https://doi.org/10.1111/1911-3846.12087
   Web of Science ®Google Scholar
• Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2019). Strategic management: concepts and cases: Competitiveness and globalization. Cengage Learning.
   Google Scholar
• Huang, K.-F., Dyerson, R., Wu, L.-Y., & Harindranath, G. (2015). From temporary competitive advantage to sustainable competitive advantage. British Journal of Management, 26(4), 617–636. https://doi.org/10.1111/1467-8551.12104
   Web of Science ®Google Scholar
• Ittner, C. D., Larcker, D. F., & Rajan, M. V. (1997). The choice of performance measures in annual bonus contract. The Accounting Review, 72(2), 231–255. http://www.jstor.org/stable/248554
   Web of Science ®Google Scholar
• Jiang, C. X., Chua, R. Y. J., Kotabe, M., & Murray, J. Y. (2011). Effects of cultural ethnicity, firm size, and firm age on senior executives’ trust in their overseas business partners: Evidence from China. Journal of International Business Studies, 42(9), 1150–1173. https://doi.org/10.1057/jibs.2011.35
   Web of Science ®Google Scholar
• Johnson, J. L., Martin, K. D., & Saini, A. (2012). The role of a firm’s strategic orientation dimensions in determining market orientation. Industrial Marketing Management, 41(4), 715–724. https://doi.org/10.1016/j.indmarman.2011.09.011
   Web of Science ®Google Scholar
• Jusoh, R., & Parnell, J. A. (2008). Competitive strategy and performance measurement in the Malaysian context. Management Decision, 46(1), 5–31. https://doi.org/10.1108/00251740810846716
   Web of Science ®Google Scholar
• Karagouni, G. (2018). Production technologies and low-technology knowledge-intensive venturing. EuroMed Journal of Business, 13(1), 75–85. https://doi.org/10.1108/emjb-11-2016-0033
   Web of Science ®Google Scholar
• Katchova, A. L., Enlow, S. J., & Paulson, N. (2013). Financial performance of publicly‐traded agribusinesses. Agricultural Finance Review, 73(1), 58–73. https://doi.org/10.1108/00021461311321311
   Google Scholar
• Ke, Q., Isaac, D., & Dalton, P. (2008). The determinants of business performance of estate agency in England and wales. Property Management, 26(4), 255–272. https://doi.org/10.1108/02637470810894894
   Google Scholar
• Kharatyan, D., Nunes, A., & Lopes, J. (2016). Financial ratios and indicators that determine return on equity. XVII–Encuentro AECA.
   Google Scholar
• Kim, C. J., & Ali, Z. (2017). Efficient Management of State-Owned Enterprises: Challenges and Opportunities (ADB Policy Brief, Issue 2017-4). https://www.adb.org/sites/default/files/publication/390251/adbi-pb2017-4.pdf
   Google Scholar
• Kowalski, P., Büge, M., Sztajerowska, M., & Egeland, M. (2013). State-owned enterprises. https://doi.org/10.1787/5k4869ckqk7l-en
   Google Scholar
• Kumar, K., Boesso, G., Favotto, F., & Menini, A. (2012). Strategic orientation, innovation patterns and performances of SMEs and large companies. Journal of Small Business and Enterprise Development, 19(1), 132–145. https://doi.org/10.1108/14626001211196442
   Google Scholar
• Lai, Y., Saridakis, G., Blackburn, R., & Johnstone, S. (2016). Are the HR responses of small firms different from large firms in times of recession? Journal of Business Venturing, 31(1), 113–131. https://doi.org/10.1016/j.jbusvent.2015.04.005
   Web of Science ®Google Scholar
• Laufs, K., & Schwens, C. (2014). Foreign market entry mode choice of small and medium-sized enterprises: A systematic review and future research agenda. International Business Review, 23(6), 1109–1126. https://doi.org/10.1016/j.ibusrev.2014.03.006
   Web of Science ®Google Scholar
• Lin, C., Chiu, Y. W., Chen, W. C., & Ting, S. F. (2020). Exploring differences in competitive performance based on miles and snow’s strategy typology for the semiconductor industry [Article]. Industrial Management & Data Systems, 120(6), 1125–1148. https://doi.org/10.1108/IMDS-10-2019-0547
   Web of Science ®Google Scholar
• Lin, C., Tsai, H.-L., & Wu, J.-C. (2014). Collaboration strategy decision-making using the miles and snow typology. Journal of Business Research, 67(9), 1979–1990. https://doi.org/10.1016/j.jbusres.2013.10.013
   Web of Science ®Google Scholar
• Liu, Q., Qu, X., Wang, D., Abbas, J., & Mubeen, R. (2022). Product market competition and firm performance: Business survival through innovation and entrepreneurial orientation amid COVID-19 financial crisis. Frontiers in Psychology, 5487. https://doi.org/10.3389/fpsyg.2021.790923
   Google Scholar
• Liu, X., Wright, M., & Filatotchev, I. (2013). Learning, firm age and performance: An investigation of returnee entrepreneurs in Chinese high-tech industries. International Small Business Journal: Researching Entrepreneurship, 33(5), 467–487. https://doi.org/10.1177/0266242613508147
   Web of Science ®Google Scholar
• Li, Y., Zhang, Y. A., & Shi, W. (2019). Navigating geographic and cultural distances in international expansion: The paradoxical roles of firm size, age, and ownership. Strategic Management Journal, 41(5), 921–949. https://doi.org/10.1002/smj.3098
   Web of Science ®Google Scholar
• Luoma, M. A. (2015). Revisiting the strategy-performance linkage. Management Decision, 53(5), 1083–1106. https://doi.org/10.1108/md-10-2014-0593
   Web of Science ®Google Scholar
• MacKinnon, D. P., Coxe, S., & Baraldi, A. N. (2012). Guidelines for the investigation of mediating variables in business research. Journal of Business & Psychology, 27(1), 1–14. https://doi.org/10.1007/s10869-011-9248-z
   PubMed Web of Science ®Google Scholar
• Madanoglu, M., Okumus, F., & Avci, U. (2014). Building a case against strategic equifinality. Management Decision, 52(6), 1174–1193. https://doi.org/10.1108/md-03-2013-0131
   Web of Science ®Google Scholar
• Maris, R., & Dorner, Z. (2022). An analysis of operating profit margin: A valuable tool for New Zealand dairy farmers. New Zealand Economic Papers, 1–18. https://doi.org/10.1080/00779954.2022.2156383
   Google Scholar
• Maté-Sánchez-Val, M., López-Hernandez, F., & Rodriguez Fuentes, C. C. (2018). Geographical factors and business failure: An empirical study from the madrid metropolitan area. Economic Modelling, 74, 275–283. https://doi.org/10.1016/j.econmod.2018.05.022
   Web of Science ®Google Scholar
• McEvoy, G. M., & Buller, P. F. (2013). Research for Practice: The management of expatriates. Thunderbird International Business Review, 55(2), 213–226. https://doi.org/10.1002/tie.21536
   Google Scholar
• Mellahi, K., & Wilkinson, A. (2004). Organizational failure: A critique of recent research and a proposed integrative framework. International Journal of Management Reviews, 5-6(1), 21–41. https://doi.org/10.1111/j.1460-8545.2004.00095.x
   Web of Science ®Google Scholar
• Miles, R., & Snow, C. (1978). Organizational strategy, structure, and process. McGraw-Hill.
   Google Scholar
• Moss, T. W., Payne, G. T., & Moore, C. B. (2013). Strategic consistency of exploration and exploitation in family businesses. Family Business Review, 27(1), 51–71. https://doi.org/10.1177/0894486513504434
   Web of Science ®Google Scholar
• Murthi, B. P. S., Rasheed, A. A., & Goll, I. (2013). An empirical analysis of strategic groups in the airline industry using latent class regressions. Managerial and Decision Economics, 34(2), 59–73. https://doi.org/10.1002/mde.2574
   Google Scholar
• Nakara, W. A., Benmoussa, F. Z., & Jaouen, A. (2012). Entrepreneurship and social media marketing: Evidence from French small business. International Journal of Entrepreneurship & Small Business, 16(4), 386. https://doi.org/10.1504/ijesb.2012.047608
   Google Scholar
• Narver, J. C., Slater, S. F., & MacLachlan, D. L. (2004). Responsive and proactive market orientation and new-product success. Journal of Product Innovation Management, 21(5), 334–347. https://doi.org/10.1111/j.0737-6782.2004.00086.x
   Web of Science ®Google Scholar
• Navissi, F., Sridharan, V. G., Khedmati, M., Lim, E. K., & Evdokimov, E. (2016). Business strategy, over- (under-) investment, and managerial compensation. Journal of Management Accounting Research, 29(2), 63–86. https://doi.org/10.2308/jmar-51537
   Google Scholar
• Nimtrakoon, S., & Tayles, M. (2015). Explaining management accounting practices and strategy in Thailand. Journal of Accounting in Emerging Economies, 5(3), 269–298. https://doi.org/10.1108/jaee-02-2013-0012
   Google Scholar
• NSB. (2018). Sience and enginering indicators. National Science Board. https://www.nsf.gov/statistics/2018/nsb20181/assets/nsb20181.pdf
   Google Scholar
• O’Cass, A., & Julian, C. (2003). Examining firm and environmental influences on export marketing mix strategy and export performance of Australian exporters. European Journal of Marketing, 37(3/4), 366–384. https://doi.org/10.1108/03090560310459005
   Google Scholar
• O’Cass, A., & Weerawardena, J. (2009). Examining the role of international entrepreneurship, innovation and international market performance in SME internationalisation. European Journal of Marketing, 43(11/12), 1325–1348. https://doi.org/10.1108/03090560910989911
   Web of Science ®Google Scholar
• Olson, E. M., Slater, S. F., & Hult, G. T. M. (2005). The performance implications of fit among business strategy, marketing organization structure, and strategic behavior. Journal of Marketing, 69(3), 49–65. https://doi.org/10.1509/jmkg.69.3.49.66362
   Web of Science ®Google Scholar
• Olteanu, D. (2010). Technology-intensive industries - Input-output analysis, Working Papers, No. 100206, Romanian Academy, National Institute for Economic Research, http://www.workingpapers.ro/2010/wpince100206.pdf
   Google Scholar
• O’Regan, N., & Ghobadian, A. (2006). Perceptions of generic strategies of small and medium sized engineering and electronics manufacturers in the UK. Journal of Manufacturing Technology Management, 17(5), 603–620. https://doi.org/10.1108/17410380610668540
   Google Scholar
• Otache, I. (2019). The mediating effect of teamwork on the relationship between strategic orientation and performance of Nigerian banks. European Business Review, 31(5), 744–760. https://doi.org/10.1108/ebr-10-2017-0183
   Web of Science ®Google Scholar
• Ozer, M., & Markóczy, L. (2010). Complementary or alternative? The effects of corporate political strategy on innovation. Journal of Strategy and Management, 3(3), 252–272. https://doi.org/10.1108/17554251011064846
   Google Scholar
• Panda, D. (2015). Growth determinants in small firms: Drawing evidence from the Indian agro-industry. International Journal of Commerce & Management, 25(1), 52–66. https://doi.org/10.1108/IJCoMA-12-2012-0080
   Google Scholar
• Park, Y., & El Sawy, O. A. (2013). Chapter 9 the value of configurational approaches for studying digital business strategy. In Configurational Theory and Methods in Organizational Research (pp. 205–224). https://doi.org/10.1108/s0733-558x(2013)0000038013
   Google Scholar
• Park, E. H., & Luo, Y. (2001). Guanxi and organizational dynamics: Organizational networking in Chinese Firms. Strategic Management Journal, 22(5), 455–477. https://doi.org/10.1002/smj.167
   Web of Science ®Google Scholar
• Park, C., Vertinsky, I., & Becerra, M. (2015). Transfers of tacit vs. explicit knowledge and performance in international joint ventures: The role of age. International Business Review, 24(1), 89–101. https://doi.org/10.1016/j.ibusrev.2014.06.004
   Web of Science ®Google Scholar
• Parnell, J. A., Koseoglu, M. A., Long, Z., & Spillan, J. E. (2012). Competitive strategy, uncertainty, and performance: An exploratory assessment of China and Turkey. Journal of Transnational Management, 17(2), 91–117. https://doi.org/10.1080/15475778.2012.676957
   Google Scholar
• Passiante, G., & Romano, A., Passiante, G., Romano, A. (2016). Creating technology-driven entrepreneurship foundations, processes and environments. Palgrave Macmillan. https://doi.org/10.1057/978-1-137-59156-2
   Google Scholar
• Peljhan, D., Miloš Sprčić, D., & Marc, M. (2018). Chapter 4 strategy and organizational performance: The role of risk management system development. In Performance Measurement and Management Control: The Relevance of Performance Measurement and Management Control Research (pp. 65–91). https://doi.org/10.1108/s1479-351220180000033004
   Google Scholar
• Peng, M. W., Bruton, G. D., Stan, C. V., & Huang, Y. (2016). Theories of the (state-owned) firm. Asia Pacific Journal of Management, 33(2), 293–317. https://doi.org/10.1007/s10490-016-9462-3
   Web of Science ®Google Scholar
• Perez-Valls, M., Cespedes-Lorente, J., & Moreno-Garcia, J. (2016). Green practices and organizational design as sources of strategic flexibility and performance. Business Strategy and the Environment, 25(8), 529–544. https://doi.org/10.1002/bse.1881
   Web of Science ®Google Scholar
• Peteraf, M. A., & Barney, J. B. (2003). Unraveling the resource-based tangle. Managerial and Decision Economics, 24(4), 309–323. https://doi.org/10.1002/mde.1126
   Google Scholar
• Pleshko, L. P., Heiens, R. A., & Peev, P. (2014). The impact of strategic consistency on market share and ROA. International Journal of Bank Marketing, 32(3), 176–193. https://doi.org/10.1108/ijbm-06-2013-0057
   Google Scholar
• Porter, M. E. (2008). The five competitive forces that shape strategy. Harvard Business Review, 86(1), 78.
   PubMed Web of Science ®Google Scholar
• PwC. (2015). State owned enterprises : Catalysts for public value creation. https://pwc.to/2Uu2NoF
   Google Scholar
• Qi, Y., Zhao, X., & Sheu, C. (2011). The impact of competitive strategy and supply chain strategy on business performance: The role of environmental uncertainty. Decision Sciences, 42(2), 371–389. https://doi.org/10.1111/j.1540-5915.2011.00315.x
   Web of Science ®Google Scholar
• Rajaratnam, D., & Chonko, L. B. (2015). The effect of business strategy type on marketing organization design, product-market growth strategy, relative marketing effort, and organization performance. Journal of Marketing Theory & Practice, 3(3), 60–75. https://doi.org/10.1080/10696679.1995.11501696
   Google Scholar
• Raymond, L., & St‐Pierre, J. (2005). Antecedents and performance outcomes of advanced manufacturing systems sophistication in SMEs. International Journal of Operations & Production Management, 25(6), 514–533. https://doi.org/10.1108/01443570510599692
   Web of Science ®Google Scholar
• Ribeiro, R., Rossetto, C. R., & Verdinelli, M. A. (2011). Strategic behavior and resource-based view: A study in construction material retail sector [Article]. Gestao e Producao, 18(1), 175–192. https://doi.org/10.1590/S0104-530X2011000100013
   Google Scholar
• Ripollés, M., & Blesa, A. (2015). Development of interfirm network management activities: The impact of industry, firm age and size. Journal of Management & Organization, 22(2), 186–204. https://doi.org/10.1017/jmo.2015.35
   Web of Science ®Google Scholar
• Saraç, M., Ertan, Y., & Yücel, E. (2014). How do business strategies predict firm performance? An investigation on borsa istanbul 100 index. Journal of Accounting & Finance, (61). http://journal.mufad.org.tr/attachments/article/725/8.pdf
   Google Scholar
• Schneider, A., Wickert, C., & Marti, E. (2017). Reducing complexity by creating complexity: A systems theory perspective on how organizations respond to their environments. Journal of Management Studies, 54(2), 182–208. https://doi.org/10.1111/joms.12206
   Web of Science ®Google Scholar
• Secundo, G., Schiuma, G., & Passiante, G. (2017). Entrepreneurial learning dynamics in knowledge-intensive enterprises. International Journal of Entrepreneurial Behavior & Research, 23(3), 366–380. https://doi.org/10.1108/ijebr-01-2017-0020
   Web of Science ®Google Scholar
• Shinkle, G. A., & Kriauciunas, A. P. (2009). Institutions, size and age in transition economies: Implications for export growth. Journal of International Business Studies, 41(2), 267–286. https://doi.org/10.1057/jibs.2009.9
   Web of Science ®Google Scholar
• Shoham, A., & Lev, S. (2015). The miles and snow strategic typology and its performance implications. Proceedings of the Global Perspectives in Marketing for the 21st Century, Qawra (Malta). Cham.
   Google Scholar
• Sirmon, D. G., & Hitt, M. A. (2009). Contingencies within dynamic managerial capabilities: Interdependent effects of resource investment and deployment on firm performance. Strategic Management Journal, 30(13), 1375–1394. https://doi.org/10.1002/smj.791
   Web of Science ®Google Scholar
• Slater, S. F., Hult, G. T. M., & Olson, E. M. (2007). On the importance of matching strategic behavior and target market selection to business strategy in high-tech markets. Journal of the Academy of Marketing Science, 35(1), 5–17. https://doi.org/10.1007/s11747-006-0002-4
   Web of Science ®Google Scholar
• Slater, S. F., Olson, E. M., & Finnegan, C. (2011). Business strategy, marketing organization culture, and performance. Marketing Letters, 22(3), 227–242. https://doi.org/10.1007/s11002-010-9122-1
   Web of Science ®Google Scholar
• Sørensen, J. B., & Stuart, T. E. (2000). Aging, obsolescence, and organizational innovation. Administrative Science Quarterly, 45(1), 81–112. https://doi.org/10.2307/2666980
   Web of Science ®Google Scholar
• Spangenberg, H., & Theron, C. (2013). A critical review of the Burke-Litwin model of leadership, change and performance. Management Dynamics: Journal of the Southern African Institute for Management Scientists, 22(2), 29–48. https://doi.org/10.10520/EJC141248
   Google Scholar
• Stone-Romero, E. F., & Rosopa, P. J. (2010). Experimental tests of mediation models. Organizational Research Methods, 14(4), 631–646. https://doi.org/10.1177/1094428110372673
   Web of Science ®Google Scholar
• Storey, C., & Hughes, M. (2013). The relative impact of culture, strategic orientation and capability on new service development performance. European Journal of Marketing, 47(5/6), 833–856. https://doi.org/10.1108/03090561311306903
   Web of Science ®Google Scholar
• Synthesis and Reexamination. Journal of Marketing. 59. 17–33. https://doi.org/10.1177/002224299505900402
   Web of Science ®Google Scholar
• Szymanski, D. M., Troy, L. C., & Bharadwaj, S. G. (1995). Order of entry and business performance: An empirical synthesis and reexamination. Journal of Marketing, 59(4), 17. https://doi.org/10.2307/1252325
   Web of Science ®Google Scholar
• Thomas, A., Litschert, R., & Ramaswamy, K. (1991). The performance impact of strategy-manager coalignment: An empirical examination. Strategic Management Journal, 12(7), 599–522. https://doi.org/10.1002/smj.4250120704
   Web of Science ®Google Scholar
• Trevino, L. J., & Grosse, R. (2002). An analysis of firm-specific resources and foreign direct investment in the United States. International Business Review, 11(4), 431–452. https://doi.org/10.1016/S0969-5931(02)00018-5
   Google Scholar
• Voss, G. B., & Voss, Z. G. (2013). Strategic ambidexterity in small and medium-sized enterprises: Implementing exploration and exploitation in product and market domains. Organization Science, 24(5), 1459–1477. https://doi.org/10.1287/orsc.1120.0790
   Web of Science ®Google Scholar
• Wang, Y., Ye, G., Zhang, Y., Mu, P., & Wang, H. (2020). Is the Chinese construction industry moving towards a knowledge- and technology-intensive industry? Journal of Cleaner Production, 259, 120964. https://doi.org/10.1016/j.jclepro.2020.120964
   Web of Science ®Google Scholar
• Wennberg, K., Wiklund, J., & Wright, M. (2011). The effectiveness of university knowledge spillovers: Performance differences between university spinoffs and corporate spinoffs. Research Policy, 40(8), 1128–1143. https://doi.org/10.1016/j.respol.2011.05.014
   Web of Science ®Google Scholar
• Wickert, C., Scherer, A. G., & Spence, L. J. (2016). Walking and talking corporate social responsibility: Implications of firm size and organizational cost. Journal of Management Studies, 53(7), 1169–1196. https://doi.org/10.1111/joms.12209
   Web of Science ®Google Scholar
• Woolley, A. W. (2009). Offensive Vs. Defensive strategic orientation and collective information processing in teams. Academy of Management Proceedings, 2009(1), 1–6. https://doi.org/10.5465/ambpp.2009.44246882
   Google Scholar
• Yamakawa, Y., Yang, H., & Lin, Z. (2011). Exploration versus exploitation in alliance portfolio: Performance implications of organizational, strategic, and environmental fit. Research Policy, 40(2), 287–296. https://doi.org/10.1016/j.respol.2010.10.006
   Web of Science ®Google Scholar
• Yang, F., Shinkle, G. A., & Goudsmit, M. (2022). The efficacy of organizational control interactions: External environmental uncertainty as a critical contingency. Journal of Business Research, 139, 855–868. https://doi.org/10.1016/j.jbusres.2021.10.026
   Web of Science ®Google Scholar
• Yang, Y., Wang, Q., Zhu, H., & Wu, G. (2012). What are the effective strategic orientations for new product success under different environments? An empirical study of Chinese businesses. Journal of Product Innovation Management, 29(2), 166–179. https://doi.org/10.1111/j.1540-5885.2011.00900.x
   Web of Science ®Google Scholar
• Zamani, S., Parnell, J. A., Labbaf, H., & O’Regan, N. (2013). Strategic change and decision making in an emerging nation: An exploratory assessment of Iranian manufacturing firms. Strategic Change, 22(5–6), 355–370. https://doi.org/10.1002/jsc.1945
   Google Scholar