For correspondence:-
Received: 10 December, 2018 Accepted: 31 December, 2018 Published: 31 December, 2018
Citation: Entrepreneurial Characteristics and Firm Performance. Account Tax Rev 2003; 2(4):75-85 doi:
© 2003 The authors.
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Abstract
This study extends entrepreneurial performance research by specifically ascertaining the effect of entrepreneurial characteristics on firm performance. Ensuing from the upper echelon theory, the research models were developed, and hypotheses were tested using primary data from a random sampling of a hundred (100) Entrepreneurs. The results indicated that the entrepreneur’s educational background has a positive and significant impact on firm performance; the entrepreneur’s age has a significant and positive impact on business performance and entrepreneur’s experience exudes a significant and positive effect on firm performance. Based on the findings of this work, the study concludes that entrepreneurial characteristics positively impact on firm performance. Following this assertion, we recommend that aspiring and existing entrepreneurs acquire the basic training, education and experience, before embarking on new ventures. We also recommend that young adult entrepreneurs with little years of experience can hire the expertise of experienced personnel to enhance business performance.
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