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Entrepreneurial Risk-Taking Ability and Small and Medium Enterprises (SMEs) Performance in Akwa Ibom State, Nigeria

Dr Emmanuel S. A. Daomon, Dr Uduak I. Tommy, Idara G. Esienobom

Abstract

The overall objective of this study was to examine the influence that entrepreneurial risk-taking ability has on Small and Medium Enterprises (SMEs) performance in Akwa Ibom State, Nigeria. The research design adopted for the study was a survey research design. Topman formula for unknown population was employed and a sample size of 384 was determined. Primary and secondary sources of data were adopted for the study. Judgmental sampling technique was employed for the study. Research instrument was a structure questionnaire. Inferential statistics was used in analyzing the study. Findings from the study showed that entrepreneurial risk-taking ability had a moderate correlation value of R = 0. 409 with an Unstandardized Coefficient Beta ?=0.385. From this finding, it was concluded that entrepreneurial risk-taking ability have a positive significant influence on Small and Medium Enterprises (SMEs) performance in Akwa Ibom State. Hence, as recommendation, SMEs should be willing to take calculated risks with new business ideas.

Keywords

Entrepreneurial Risk-TakingSmall and Medium Scale EnterprisesPerformance.

References

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