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The Interplay between Financial Behavior, Risk Tolerance, Performance, and Poverty: Evidence from Micro-Entrepreneurs in Ghana

In: Proceedings of the International Conference on Sustainable Business and Entrepreneurship (ICSBE 2025)

Author

Listed:
  • Prince Koranteng Kumi

    (Accra Technical University, Accounting and Finance Department)

  • Daniel Osabutey

    (Accra Technical University, Accounting and Finance Department)

  • Osbourn Osabutey-Abbey

    (University of Derby Business School)

Abstract

This study examines how financial behavior and risk tolerance of microenterprise owner-managers affect their business performance and poverty levels. Despite informal microenterprises being critical employment sources for the poor, their typically poor performance remains inadequately explained. Using Structural Equation Modeling with data from 550 informal micro-entrepreneurs in Ghana, we reveal three key findings: First, good financial behavior directly reduces poverty levels (β = -0.434, p

Suggested Citation

  • Prince Koranteng Kumi & Daniel Osabutey & Osbourn Osabutey-Abbey, 2025. "The Interplay between Financial Behavior, Risk Tolerance, Performance, and Poverty: Evidence from Micro-Entrepreneurs in Ghana," Advances in Economics, Business and Management Research, in: Michael Snowden & Elikem Chosnel Ocloo & Peter Nyanor & Amevi Acakpovi (ed.), Proceedings of the International Conference on Sustainable Business and Entrepreneurship (ICSBE 2025), pages 392-413, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-930-8_26
    DOI: 10.2991/978-94-6463-930-8_26
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