Technology as an Enabler to Entrepreneurial Performance: Evidence from Past Literature of Quantitative Research

Entrepreneurial performance is a well-known concept in the domain of entrepreneurship. While the previous research in this area has linked entrepreneurial performance to a number of factors, including personality traits, entrepreneurial orientation, firm strategy, networking ability, and many more, recent literature has drawn significant attention to the impact of technology adoption, innovation capability, and related variables on the performance of entrepreneurial ventures. Therefore, we conducted a systematic literature review employing the bibliometric methodology to identify the key research areas and directions of earlier quantitative research linking technology and entrepreneurial performance. The research findings indicate that it is not always that technology adoption will lead to better firm performance. Therefore, it also emphasizes the importance of identifying the required characteristics of the firms and supporting actors and determining the optimal timing for technology adoption, which may lead to better firm performance. The findings also revealed the major theories, methodologies used, and regions studied in this domain area of research since 1977.