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entrepreneurial orientation and small and medium entreprises profitabiliy in Ghana

Author

Listed:
  • Ibrahim MusahDONKOH

    (Mendel University in Brno, Czech Republic)

  • Hieu Minh VU

    (Van Lang University Vietnam)

  • Chijioke NWACHUKWU

    (Horizons University, Paris, France)

Abstract

This study examined the relationship between Entrepreneurial Orientation (EO) dimensions (risk-taking, innovativeness, proactiveness) and profitability of Small and Medium Enterprises (SMEs) in Ghana. The study adapted Covin and Slevin's entrepreneurial orientation scale to collect data from Micro Small and Medium Enterprises (SMEs) owner-managers operating in the handicraft, manufacturing sector in Accra, Ghana. 200 SMEs were randomly selected for the study. Only 150 SMEs owner-managers completed the questionnaires. The authors employed a quantitative research approach to analyse resultant data using descriptive statistics and OLS regression. The study found that SME owner-managers ‘proactiveness and innovativeness were positively and significantly related to profitability. However, we observe that risk-taking ability of an entrepreneur does not foster profitability. The implication for the findings and suggestions for future studies as well as recommendations for SME owners are discussed

Suggested Citation

  • Ibrahim MusahDONKOH & Hieu Minh VU & Chijioke NWACHUKWU, 2021. "entrepreneurial orientation and small and medium entreprises profitabiliy in Ghana," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 13(1), pages 32-43, March.
    • Handle: RePEc:rom:mrpase:v:13:y:2021:i:1:p:32-43
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    References listed on IDEAS

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    Cited by:

    1. Benedict Valentine Arulanandam & Christo Selvan & Goh Xin Tong, 2023. "Critical Factors Influencing Firms' Risk-Taking Behaviour: CEO Characteristics and the Moderating Role of the Audit Committee," Central European Business Review, Prague University of Economics and Business, vol. 2023(5), pages 1-41.

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