| ENTREPRENEURSHIP AND PERFORMANCE OF SMALL AND MEDIUM SIZE ENTERPRISES IN MACAO CHANG CHI WA DOROTHY Issue 24 (Vol. 12 No. 2) pp. 159-174 The importance of small-and-medium enterprises (SMEs) in Macao is unquestionable since they account for over 90% of the total business. Due to limitations in financial and human resources, the owners of these SMEs have a dominating influence on the firms� operations. On the other hand, �entrepreneurship�, as a decisive factor to the success of SMEs, has been raising concern to management staffs, deserving growing attention by academic researchers, and being advocated and ranked as a policy priority for rule makers. The present study is based on a framework for the analysis of entrepreneurial profiles, which contains elements linked to psychological characteristics and personal experiences of various SME owners. A comparison of the firms� performances will help to find out the differences in the propensity to entrepreneurship that leads to different kinds of organizational behavior. |