About this paper

Appears in:
Pages: 3740-3746
Publication year: 2018
ISBN: 978-84-697-9480-7
ISSN: 2340-1079
doi: 10.21125/inted.2018.0721

Conference name: 12th International Technology, Education and Development Conference
Dates: 5-7 March, 2018
Location: Valencia, Spain

INFLUENCE OF STRUCTURAL SUPPORT SYSTEM AND GOVERNMENT INCENTIVES ON THE PERFORMANCE OF ENTREPRENEURIAL VENTURES: A STUDY OF SELECTED SMALL AND MEDIUM ENTERPRISES OWNER-MANAGERS IN NIGERIA

F. Lawal1, O. Adegbuyi2, O. Iyiola1, A. Adegbuyi1, O. Onakoya1

1Covenant University (NIGERIA)
2Victoria University (UGANDA)
Small and Medium Enterprises (SMEs) are widely acclaimed as being pivotal to the economic and industrial development of developed and developing nations. The realization of this expectation in Nigeria is meted with a plethora of challenges that characterise the macro environment of SMEs. This study examines the impact of formal institutional environment of the entrepreneurial climate and its implications for entrepreneurial venture performance in Nigeria. A descriptive research method involving the use of Structural Equation Modeling and Confirmatory Factor Analysis were adopted to analyse 400 copies of questionnaire administered to SMEs owner- managers in three geo-political zones in Nigeria using stratified and simple random sampling techniques. The study revealed that both structural support system and government incentives have positive significant impact on venture performance. This suggest that road infrastructure, research and development and water infrastructure, are the most important predictor of venture performance followed by electricity infrastructure, patent right and intellectual property protection and access to capital. We therefore recommend the setting up of appropriate institutional and stable micro-economic policy framework that caters for the interest of SMEs practitioners and policy makers.
@InProceedings{LAWAL2018INF,
author = {Lawal, F. and Adegbuyi, O. and Iyiola, O. and Adegbuyi, A. and Onakoya, O.},
title = {INFLUENCE OF STRUCTURAL SUPPORT SYSTEM AND GOVERNMENT INCENTIVES ON THE PERFORMANCE OF ENTREPRENEURIAL VENTURES: A STUDY OF SELECTED SMALL AND MEDIUM ENTERPRISES OWNER-MANAGERS IN NIGERIA},
series = {12th International Technology, Education and Development Conference},
booktitle = {INTED2018 Proceedings},
isbn = {978-84-697-9480-7},
issn = {2340-1079},
doi = {10.21125/inted.2018.0721},
url = {http://dx.doi.org/10.21125/inted.2018.0721},
publisher = {IATED},
location = {Valencia, Spain},
month = {5-7 March, 2018},
year = {2018},
pages = {3740-3746}}
TY - CONF
AU - F. Lawal AU - O. Adegbuyi AU - O. Iyiola AU - A. Adegbuyi AU - O. Onakoya
TI - INFLUENCE OF STRUCTURAL SUPPORT SYSTEM AND GOVERNMENT INCENTIVES ON THE PERFORMANCE OF ENTREPRENEURIAL VENTURES: A STUDY OF SELECTED SMALL AND MEDIUM ENTERPRISES OWNER-MANAGERS IN NIGERIA
SN - 978-84-697-9480-7/2340-1079
DO - 10.21125/inted.2018.0721
PY - 2018
Y1 - 5-7 March, 2018
CI - Valencia, Spain
JO - 12th International Technology, Education and Development Conference
JA - INTED2018 Proceedings
SP - 3740
EP - 3746
ER -
F. Lawal, O. Adegbuyi, O. Iyiola, A. Adegbuyi, O. Onakoya (2018) INFLUENCE OF STRUCTURAL SUPPORT SYSTEM AND GOVERNMENT INCENTIVES ON THE PERFORMANCE OF ENTREPRENEURIAL VENTURES: A STUDY OF SELECTED SMALL AND MEDIUM ENTERPRISES OWNER-MANAGERS IN NIGERIA, INTED2018 Proceedings, pp. 3740-3746.
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