ENTREPRENEURS' COMMITMENT AND BUSINESS PERFORMANCE IN A RECESSED ECONOMY

O. Ayoade, O. Adegbuyi, O. Ogunnaike

Covenant University (NIGERIA)
The study was designed to find out the effect of entrepreneurs’ commitment on business performance in a recessed economic. Three research hypotheses guided the study and data for the study was generated by the use of questionnaire administered and retrieved from 105 groups of entrepreneurs in their monthly meeting. Statistical Package for Social Science (SPSS) was used to find out the regression and correlation analysis that existed among the variables. The path analysis drawn confirmed the result of the SPSS and shows the extent of the relationship between the research constructs and the covariance among the variables tested in the study. The study revealed that entrepreneurs’ commitment on their businesses impact greatly on their performance. It further shows that there is complete mediation of recessed economy on the commitment of the entrepreneurs in their business ventures and performances. The study recommends among others that vibrant and effective economic policies must be established so as to halt a recessed economy and to guard against future occurrence.