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M.A. Muhammad Anwar

Muhammad Anwar

Fakultät für Wirtschaft und Gesellschaft (Department für Management und Unternehmertum)
WIFU-Stiftungslehrstuhl für Corporate Entrepreneurship und Digitalisierung in Familienunternehmen

Wirtschaft und Gesellschaft
Alfred-Herrhausen-Straße 50, 58455 Witten


PhD (Business/Management)
Witten/Herdecke University Germany
Research: Business Model Innovation in Family Firms


MS / M.Phil.  (Business Studies)
3.55/4 GPA
International Islamic University Islamabad, Pakistan
Research:Entrepreneurial Orientation, Generic Competitive Strategy and SMEs Financial Performance


Bachelor of Business Studies
3.65/4 GPA
Institute of Management Sciences Peshawar, Pakistan
Research: Barriers to SMEs in Pakistan: Evidence from Rural Areas



  1. Anwar, M., Scheffler, M., & Clauss, T. (2023). Digital capabilities, their role in business model innovation and the internationalization of SMEs. IEEE Transaction on Engineering Management.   
  2. Issah, W. B., Anwar, M., Clauss, T., & Kraus, S. (2023). Managerial capabilities and strategic renewal in family firms in crisis situations: The moderating role of the founding generation. Journal of Business Research156, 113486.
  3. Anwar, M., Clauss, T., & Issah, W. B. (2022). Entrepreneurial orientation and new venture performance in emerging markets: the mediating role of opportunity recognition. Review of Managerial Science16(3), 769-796.
  4. Anwar, M., & Li, S. (2021). Spurring competitiveness, financial and environmental performance of SMEs through government financial and non-financial support. Environment, Development and Sustainability23(5), 7860-7882.
  5. Ullah, R., Anwar, M., & Khattak, M. S. (2021). Building new venture success through internal capabilities; is business model innovation a missing link?. Technology Analysis & Strategic Management, 1-14.
  6. Anwar, M., & Clauß, T. (2021). Personality traits and bricolage as drivers of sustainable social responsibility in family SMEs: A COVID‐19 perspective. Business and Society Review126(1), 37-68.
  7. Anwar, M., Clauss, T., & Ullah, R. (2021). New Ventures Competitiveness and Success; Do Intellectual Capital, IT Capabilities, Entrepreneurial and Market Orientation Really Matter?. Journal of Enterprising Culture29(04), 295-323.
  8. Ullah, F., Degong, M., Anwar, M., Hussain, S., & Ullah, R. (2021). Supportive tactics for innovative and sustainability performance in emerging SMEs. Financial Innovation7(1), 1-31.
  9. Khattak, M. S., Anwar, M., & Clauß, T. (2021). The role of entrepreneurial finance in corporate social responsibility and new venture performance in an emerging market. The Journal of Entrepreneurship30(2), 336-366.
  10. Khan, N. U., Anwar, M., Li, S., & Khattak, M. S. (2021). Intellectual capital, financial resources, and green supply chain management as predictors of financial and environmental performance. Environmental Science and Pollution Research28(16), 19755-19767.
  11. Lu, Y., Li, G., Luo, Z., Anwar, M., & Zhang, Y. (2021). Does intellectual capital spur sustainable competitive advantage and sustainable growth?: a study of Chinese and Pakistani firms. Sage Open11(1), 2158244021996702.
  12.  Shah, S. Z. A., Anwar, M., & Hussain, C. M. (2021). Top managers' attributes, innovation, and the participation in China–Pakistan Economic Corridor: A study of energy sector small and medium‐sized enterprises. Managerial and Decision Economics42(2), 385-406.
  13.  Shah, S. Z. A., Anwar, M., & Hussain, C. M. (2021). Does Entrepreneurial Orientation encourage Pakistani SMEs to participate in CPEC? Journal of Chinese Business and Economics Studies, 1-19.
  14.  Anwar, M., & Shah, S. Z. (2021). Entrepreneurial orientation and generic competitive strategies for emerging SMEs: Financial and nonfinancial performance perspective. Journal of Public Affairs21(1), e2125.
  15.  Anwar, M., Khattak, M. S., Popp, J., Meyer, D. F., & Máté, D. (2020). The nexus of government incentives and sustainable development goals: is the management of resources the solution to non-profit organisations?. Technological and Economic Development of Economy26(6), 1284-1310.
  16.  Li, G., Luo, Z., Anwar, M., Lu, Y., Wang, X., & Liu, X. (2020). Intellectual capital and the efficiency of SMEs in the transition economy China; Do financial resources strengthen the routes?. PloS one, 15(7).
  17. Anwar, M., Zaman Khan, S., & Ali Shah, S. Z. (2020). A study of the relationship between innovation and performance among NPOs in Pakistan. Journal of Social Service Research46(1), 26-40.
  18.  Anwar, M., & Ali Shah, S. Z. (2020). Managerial networking and business model innovation: Empirical study of new ventures in an emerging economy. Journal of Small Business & Entrepreneurship32(3), 265-286.
  19.  Anwar, M., Tajeddini, K., & Ullah, R. (2020). Entrepreneurial finance and new venture success‐the moderating role of government support. Business Strategy & Development3(4), 408-421.
  20.  Anwar, M., Shuangjie, L., & Ullah, R. (2020). Business experience or Financial Literacy? Which one is better for opportunity recognition and superior performance?. Business Strategy & Development3(3), 377-387.
  21.  Ahmed, M. A., Khattak, M. S., & Anwar, M. (2020). Personality traits and entrepreneurial intention: The mediating role of risk aversion. Journal of Public Affairs, e2275.
  22.  Rehman, A. U., & Anwar, M. (2019). Mediating role of enterprise risk management practices between business strategy and SME performance. Small Enterprise Research26(2), 207-227.
  23.  Anwar, M., Shah, S. Z. A., Khan, S. Z., & Khattak, M. S. (2019). Manager’s personality and business model innovation. International Journal of Innovation Management23(07), 1950061.
  24.  Khan, N. U., Shuangjie, L., Khan, S. Z., & Anwar, M. (2019). Entrepreneurial orientation, intellectual capital, IT capability, and performance. Human Systems Management38(3), 297-312.
  25.  Anwar, M., Rehman, A. U., & Shah, S.Z.A. (2018). Networking and New Venture’s Performance: Mediating Role of Competitive Advantage. International Journal of Emerging Markets, 13(5), 998-1025.
  26. Songling, Y., Ishtiaq, M., Anwar, M., & Ahmed, H. (2018). The Role of Government Support in Sustainable Competitive Position and Firm Performance. Sustainability10(11), 3495.
  27.  Anwar, M. (2018). Business Model Innovation and SMEs performance-Does Competitive Advantage Mediate? International Journal of Innovation Management, 1850057.
  28. Degong, D., Ullah, F., Khattak, M.S., & Anwar, M. (2018). Do International Capabilities and Resources Configure Firm’s Sustainable Competitive Performance? Research within Pakistani SMEs. Sustainability10(10), 4298.
  29.  Anwar, M., Shah, S. Z. A., & Khan, S. Z. (2018). The role of personality in SMEs internationalization: empirical evidence. Review of International Business and Strategy, 28(2), 258-282.
  30. Yang, S., Ishtiaq, M., & Anwar, M. (2018). Enterprise Risk Management Practices and Firm Performance, the Mediating Role of Competitive Advantage and the Moderating Role of Financial Literacy. Journal of Risk and Financial Management11(3), 35.
  31.  Anwar, M., Khan, S. Z., Shah, S.Z.A. (2018). Big Data Capabilities and Firm's Performance; A mediating Role of Competitive Advantage. Journal of Information & Knowledge Management 17(04), 1850045. (ESCI).
  32. Anwar, M., Khan, S. Z., & Khan, N. U. (2018). Intellectual Capital, Entrepreneurial Strategy and New Ventures Performance: Mediating Role of Competitive Advantage. Business & Economic Review10(1), 63-94. (HEC “X”). . 
  33. Anwar, M., Khan, S. Z., & Rehman, A. U. (2017). Financial Literacy, Behavioral Biases and Investor’s Portfolio Diversification: Empirical Study of an Emerging Stock Market. Journal of Finance and Economics Research2(2),



  1. Issah, W. B., Anwar, M., & Clauss, T. (2022). Managerial capabilities and strategic renewal during the COVID-19 crisis: A generational view. In Academy of Management Proceedings (Vol. 2022, No. 1, p. 16108). Briarcliff Manor, NY 10510: Academy of Management.
  2. Anwar, M., & Clauss, T. & Mayer, N. (2022). Entrepreneurship in family firms: an updated bibliometric overview, ACIEK (Spain, 2022).
  3. Khattak, M. S., Anwar, M., & Ullah, R. (2022). Entrepreneurial mind-set and entrepreneurial intention, the role of social support. 7th International Conference on Applied Science, Pakistan.



  1. 2nd Position in Bachelor Examination (2010-2012)
  2. Fully funded scholarship for MBA under HEC, Govt. of Pakistan (2013-2015)

Die Universität Witten/Herdecke ist durch das NRW-Wissenschaftsministerium unbefristet staatlich anerkannt und wird – sowohl als Institution wie auch für ihre einzelnen Studiengänge – regelmäßig akkreditiert durch: