This study investigates how financial resources and entrepreneurial orientation (EO) may influence the performance of small- and mediumsizedenterprises (SMEs) in the United Arab Emirates (UAE). Twenty-seven interviews were conducted and evaluated using the methodof GABEK® (A GAnzheitliche BEwältigung von Komplexität – holistic processing of complexity). The research demonstrated thataccess to financial resources has significantly mediated EO's effect on the SMEs’ performance. The study found that financial autonomy,enhanced through both personal financing and availability of external finance sources, plays a central role in supporting the EO dimensionof autonomy and enhancing the SMEs’ performance. In particular, the other EO dimension of risk-taking is stymied by lack of funds withwhich to take commercial and market opportunities. However, when an innovation strategy is pursued and adopted, access to finance canbe facilitated, either through financial institutions or through other governmental funding programs attracting high potential innovators.Furthermore, financial barriers, difficulties accessing bank financing, and legal issues have a detrimental impact on SMEs’ growth. Thestudy has implications for policy-makers in the UAE, specifically in terms of sending a signal for lending institutions to consider strategiesthat provide access to affordable financial services to satisfy SMEs’ needs.
- Entrepreneurial Orientation
- Firm Growth
ASJC Scopus subject areas
- Management Information Systems
- Economics and Econometrics