Entrepreneurial Proclivity and the Performance of Farms: The Cases of Dutch and Slovenian Farmers
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Farms are advised to be entrepreneurial, but empirical research showing that an entrepreneurial proclivity (EP) of farmers results in better performance is scant. This research will test empirically whether an EP contributes to the performance of farms. We provide a model with hypotheses about the relationship between EP and performance, which is tested for a sample of Dutch and Slovenian farmers. We find that EP has a universal positive influence on performance and performance expectations of farmers in The Netherlands and in Slovenia. The influence of the underlying dimension of EP, i.e. innovativeness, proactiveness and risk taking, on performance are mixed and context specific.