Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment

The growth and survival rate of small and medium-sized enterprises (SMEs) in Nigeria has been one of the major concerns of the policy makers, practitioners and scholars. The strategy and entrepreneurship literature suggests that an entrepreneurial orientation (EO) improves firm performance, but empi...

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Main Author:	Mohammed Sanusi, Magaji
Format:	Thesis
Language:	English
Published:	2014
Subjects:	HG Finance
Online Access:	http://ir.unimas.my/id/eprint/9093/2/Mohammed%20Sanusi.pdf
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id	my-unimas-ir.9093
record_format	uketd_dc
spelling	my-unimas-ir.90932023-03-28T07:39:19Z Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment 2014 Mohammed Sanusi, Magaji HG Finance The growth and survival rate of small and medium-sized enterprises (SMEs) in Nigeria has been one of the major concerns of the policy makers, practitioners and scholars. The strategy and entrepreneurship literature suggests that an entrepreneurial orientation (EO) improves firm performance, but empirical results are mixed. In this study, we investigate how EO dimensions; innovativeness, proactiveness, risk-taking and competitive aggressiveness), affect financial performance of SMEs in Nigeria. In doing so, the study examines the moderating impact of key environmental characteristics; dynamism and hostility on these relationships. The sample used was SMEs in Kano State-Nigeria, with the following characteristics; (a) having at least 10 employees and a maximum of 300 workers, (b) small and medium-sized enterprises, (c) standing alone, not a subsidiary or branch companies (d) and based in Kano State Nigeria. The respondents were the owner/managers of SMEs in the study area. A total of 352 owner/managers participated in the research. Data collected were analyzed, utilizing multiple regressions and hierarchical multiple regression analysis implemented in SPSS version 17, statistical program .Our findings indicate, that hypotheses 1-4 are supported, while hypotheses 5-11 are partially supported except for that regarding the moderating impact of environmental dynamism on the proactive- performance relationship, which was not found to be significant. These findings demonstrate that EO dimensions alone are not a significant determinant of financial performance for SMEs in Nigeria; it is being influenced by environmental dynamism and hostility. The implications of these findings for both researchers and managers are also discussed. The study contributes to the expanding field of EO research and provides additional insight into the strategic behavior of firms in a variety of environmental contexts. Universiti Malaysia Sarawak, (UNIMAS) 2014 Thesis http://ir.unimas.my/id/eprint/9093/ http://ir.unimas.my/id/eprint/9093/2/Mohammed%20Sanusi.pdf text en validuser phd doctoral Universiti Malaysia Sarawak Faculty of Economics and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	HG Finance
spellingShingle	HG Finance Mohammed Sanusi, Magaji Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment
description	The growth and survival rate of small and medium-sized enterprises (SMEs) in Nigeria has been one of the major concerns of the policy makers, practitioners and scholars. The strategy and entrepreneurship literature suggests that an entrepreneurial orientation (EO) improves firm performance, but empirical results are mixed. In this study, we investigate how EO dimensions; innovativeness, proactiveness, risk-taking and competitive aggressiveness), affect financial performance of SMEs in Nigeria. In doing so, the study examines the moderating impact of key environmental characteristics; dynamism and hostility on these relationships. The sample used was SMEs in Kano State-Nigeria, with the following characteristics; (a) having at least 10 employees and a maximum of 300 workers, (b) small and medium-sized enterprises, (c) standing alone, not a subsidiary or branch companies (d) and based in Kano State Nigeria. The respondents were the owner/managers of SMEs in the study area. A total of 352 owner/managers participated in the research. Data collected were analyzed, utilizing multiple regressions and hierarchical multiple regression analysis implemented in SPSS version 17, statistical program .Our findings indicate, that hypotheses 1-4 are supported, while hypotheses 5-11 are partially supported except for that regarding the moderating impact of environmental dynamism on the proactive- performance relationship, which was not found to be significant. These findings demonstrate that EO dimensions alone are not a significant determinant of financial performance for SMEs in Nigeria; it is being influenced by environmental dynamism and hostility. The implications of these findings for both researchers and managers are also discussed. The study contributes to the expanding field of EO research and provides additional insight into the strategic behavior of firms in a variety of environmental contexts.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Mohammed Sanusi, Magaji
author_facet	Mohammed Sanusi, Magaji
author_sort	Mohammed Sanusi, Magaji
title	Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment
title_short	Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment
title_full	Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment
title_fullStr	Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment
title_full_unstemmed	Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment
title_sort	entrepreneurial orientation and financial performance of nigerian smes : the moderating role of environment
granting_institution	Universiti Malaysia Sarawak
granting_department	Faculty of Economics and Business
publishDate	2014
url	http://ir.unimas.my/id/eprint/9093/2/Mohammed%20Sanusi.pdf
_version_	1783728029345775616

Entrepreneurial orientation and financial performance of Nigerian SMEs : the moderating role of environment

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