Original Research Article | OPEN ACCESS
Firm Size, Age, and Entrepreneurial Performance

O. Okunbo1 , M. E. Oghuvwu1

Department of Entrepreneurship, Faculty of Management Sciences, University of Benin, Benin City, Nigeria;

For correspondence:-  O. Okunbo   Email: marthasada1@yahoo.com

Received: 16 June, 2019        Accepted: 23 June, 2019        Published: 30 June 2019

Citation: Okunbo O, Oghuvwu ME. Firm Size, Age, and Entrepreneurial Performance. Account Tax Rev 2019; 3(2):49-56 doi:

© 2019 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..

Abstract

Alluding from the learning theory, we investigate the effect of firm age and size on entrepreneurial performance. Specifically we adopted a descriptive methodology, with models drawn from the aforementioned theory. The hypotheses formulated were verified using the ordinary least square regression method, based on primary data from a purposive sampling of hundred (100) small and medium enterprises. The study found a positive and significant relationship between firm age, size and entrepreneurial performance. Given these findings, we conclude that entrepreneurial firm age and size has a positive and significant impact on firm performance. Therefore, the study recommends that; young/emerging entrepreneurs should consider networking with existing entrepreneurs, given their acquired expertise, and highly developed networks with partners, suppliers and customers; which we predict will spur entrepreneurial performance in the long-run.

Keywords: Firm Age, Firm Size, Entrepreneurial Performance, Young Firms, Old Firms, Learning Theory.


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