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A critical analysis of the Nigerian entrepreneurial ecosystem on transformational entrepreneurship

Odafe Martin Egere Orcid Logo, Gideon Maas Orcid Logo, Paul Jones Orcid Logo

Journal of Small Business Management, Volume: 62, Issue: 3, Pages: 1187 - 1218

Swansea University Author: Paul Jones Orcid Logo

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DOI (Published version): 10.1080/00472778.2022.2123109

Abstract

Previous research suggests that the entrepreneurial ecosystems (EEs) support factors are critical for the systemic development of micro, small. and medium enterprises (MSMEs). However, there is limited understanding of how MSME owner's/manager’s characteristics impact their perspectives of the...

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Published in: Journal of Small Business Management
ISSN: 0047-2778 1540-627X
Published: Taylor & Francis 2024
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa61173
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Abstract: Previous research suggests that the entrepreneurial ecosystems (EEs) support factors are critical for the systemic development of micro, small. and medium enterprises (MSMEs). However, there is limited understanding of how MSME owner's/manager’s characteristics impact their perspectives of the EE support factors for business development. This study addresses this research gap to adopt a coherent approach to understand the EE in supporting MSMEs to achieve transformational entrepreneurship (TE), which builds sustainable businesses for long-term societal benefits. The MSMEs characteristics alongside the EE factors were tested with 576 MSMEs in Nigeria. The MSME owner's/manager’s characteristics were positively correlated to their perspective of EE support factors (access to finance, markets, resources, and policies and regulations), which were inadequate. The findings will assist theory and practice development to understand and focus on the EE discussed in the context of TE in Nigeria, offering potential insights for similar developing economies.
Keywords: Developing economy, entrepreneurship ecosystem, MSMEs, transformational entrepreneurship, sustainable entrepreneurship
College: Faculty of Humanities and Social Sciences
Issue: 3
Start Page: 1187
End Page: 1218

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