Entrepreneurial Innovation and Risk Taking On Firm Performance: Empirical Evidence from Entrepreneurial Enterprises in Ghana
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 12
Abstract
Purpose – The theme of this paper is entrepreneurial innovation and risk taking. Precisely, the paper has twofold objectives: to investigatethe effect of innovation on firm performance and: to explore influence of risk taking on entrepreneurial firm performance Design/methodology/approach – A quantitative survey was conducted with a total of 250entrepreneurs participating in this survey. Findings – The results suggest that innovation has a significant positive effect on firm performance. Furthermore, risk-taking also have a statistically significant influence on firm performance. Research limitations/implications – The study just focused on only the entrepreneurial businesses in the capital city. Future explorative studies in a similar vein may be executed through channels of national and local development agencies to capture other entrepreneurial business.
Authors and Affiliations
Felix Opoku Boabeng, Cai Li, Professor
Keywords
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