6,792
Views
6
CrossRef citations to date
0
Altmetric
Research Articles

A critical analysis of the Nigerian entrepreneurial ecosystem on transformational entrepreneurship

ORCID Icon, ORCID Icon & ORCID Icon

References

  • Adeosun-Familoni, O. (2015). Entrepreneurship and the Nigerian cultural context. Journal of Business and Economics, 6(10), 1785–1790. https://doi.org/10.15341/jbe(2155-7950)/10.06.2015/013
  • Adisa, T. A., Abdulraheem, I., & Mordi, C. (2014). The characteristics and challenges of small businesses in Africa: An exploratory study of Nigerian small business owners. Economic Insights-Trends and Challenges, 111(4), 1–14. https://www.researchgate.net/publication/271530384
  • Agwu, M. O., & Emeti, C. I. (2014). Issues, challenges and prospects of small and medium scale enterprises (SMEs) in Port-Harcourt City, Nigeria. European Journal of Sustainable Development, 3(1), 101–114. https://doi.org/10.14207/ejsd.2014.v3n1p101
  • Agyapong, D., & Boohene, R. (2020). Transformational entrepreneurship and SMEs: An emerging country context. In S. Dobson, P. Jones, D. Agyapong & G. Maas (Eds.), Enterprising Africa (pp. 3–11). Routledge.
  • Akuhwa, P. T., Gbande, C. A., Akorga, B. S., & Adye, Z. S. (2015). Knowledge-Base Entrepreneurship and Globalization: Correlates for the Wealth of Nations and Perspectives from Nigeria. Open Journal of Applied Sciences, 5(8), 460. https://doi.org/10.4236/ojapps.2015.58046
  • Anderson, J. C., & Gerbing, D. W. (1988). Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin, 103(3), 411. https://doi.org/10.1037/0033-2909.103.3.411
  • Anyadike, N., Emeh, I. J., & Ukah, F. O. (2012). Entrepreneurship development and employment generation in Nigeria: Problems and prospects. Universal Journal of Education and General Studies, 1(4), 88–102. https://nairametrics.com/wp-content/uploads/2013/02/enterprenuership-development-in-Nigeria.pdf
  • Atiase, V. Y., Mahmood, S., Wang, Y., & Botchie, D. (2017). Developing entrepreneurship in Africa: Investigating critical resource challenges. Journal of Small Business and Enterprise Development, 25(4), 644–666. https://doi.org/10.1108/JSBED-03-2017-0084
  • Audretsch, D. B., & Belitski, M. (2021). Towards an entrepreneurial ecosystem typology for regional economic development: The role of creative class and entrepreneurship. Regional Studies, 55(4), 735–756. https://doi.org/10.1080/00343404.2020.1854711
  • Audretsch, D. B., Belitski, M., Cherkas, N., & Rozylowicz, L. (2021). Entrepreneurial ecosystems in cities: The role of institutions. Plos One, 16(3), 24. https://doi.org/10.1371/journal.pone.0247609
  • Auerswald, P. E. (2015, October). Enabling entrepreneurial ecosystems: Insights from ecology to inform effective entrepreneurship policy. Paper presented at Kauffman Foundation Research Series on City, Metro, and Regional Entrepreneurship, Ewing Marion Kauffman, USA. https://www.kauffman.org/wp-content/uploads/2019/12/enabling_entrepreneurial_ecosystems.pdf
  • Bendickson, J. (2021). Building entrepreneurship research for impact: Scope, phenomenon, and translation. Journal of Small Business Management, 59(4), 535–543. https://doi.org/10.1080/00472778.2021.1905822
  • Berbegal-Mirabent, J., Rizzo, U., & Rossi, F. (2022). How universities’ third mission engagement can support inclusive innovation and sustainable development: Addressing some open questions. International Journal of Intellectual Property Management, 12(1), 1.
  • Berry, W. D. (1993). Understanding regression assumptions (Vol. 92). Sage Publications.
  • Bichler, B. F., Kallmuenzer, A., Peters, M., Petry, T., & Clauss, T. (2022). Regional entrepreneurial ecosystems: How family firm embeddedness triggers ecosystem development. Review of Managerial Science, 16(1), 15–44. https://doi.org/10.1007/s11846-020-00434-9
  • Bird, B. (1995). Towards a theory of entrepreneurial competency: In advances on entrepreneurship, firm emergence and growth. JAI Press.
  • Bodlaj, M., & Čater, B. (2019). The impact of environmental turbulence on the perceived importance of innovation and innovativeness in SMEs. Journal of Small Business Management, 57(1), 417–435. https://doi.org/10.1111/jsbm.12482
  • Boeije, H. (2010). Analysis in qualitative research. Sage Publication. London.
  • Bouncken, R. B., & Kraus, S. (2022). Entrepreneurial ecosystems in an interconnected world: Emergence, governance and digitalization. Review of Managerial Science, 16(1), 1–14. https://doi.org/10.1007/s11846-021-00444-1
  • Burns, R. P., & Burns, R. (2008). Business research methods and statistics using SPSS. Sage Publishers.
  • Cantner, U., Cunningham, J. A., Lehmann, E. E., & Menter, M. (2020). Entrepreneurial ecosystems: A dynamic lifecycle model. Small Business Economics, 57(1), 1–17. https://doi.org/10.1007/s11187-020-00316-0
  • Cao, Z., & Shi, X. (2020). A systematic literature review of entrepreneurial ecosystems in advanced and emerging economies. Small Business Economics, 57(1), 75–110. https://doi.org/10.1007/s11187-020-00326-y
  • Carree, M. A., & Thurik, A. R. (2010). The impact of entrepreneurship on economic growth. In Handbook of entrepreneurship research (pp. 437–471). New York: Springer. https://link.springer.com/chapter/10.1007/0-387-24519-7_17
  • Dana, L. P. (2007). Promoting SMEs in Africa: Some insights from an experiment in Ghana and Togo. Journal of African Business, 8(2), 151–174. https://doi.org/10.1300/J156v08n02_09
  • Dean, T. J., & McMullen, J. S. (2007). Toward a theory of sustainable entrepreneurship: Reducing environmental degradation through entrepreneurial action. Journal of Business Venturing, 22(1), 50–76. https://doi.org/10.1016/j.jbusvent.2005.09.003
  • Dedekuma, S. E., & Akpor-Robaro, M. O. M. (2015). Thoughts and theories of entrepreneurial emergence: A critical review of the pioneer perspectives and their relevance in Nigerian society of today. International Journal of Economics and Business Management, 1(8), 104–119. https://www.iiardjournals.org/get/IJEBM/VOL%201/104-126.pdf
  • De Mel, S., McKenzie, D., & Woodruff, C. (2008). Returns to capital in microenterprises: Evidence from a field experiment. The Quarterly Journal of Economics, 123(4), 1329–1372. https://doi.org/10.1162/qjec.2008.123.4.1329
  • Denscombe, M. (2010). The good research guide. Open University Press.
  • Drexler, M., Eltogby, M., Foster, G., Shimizu, C., Ciesinski, S., Davila, A., Hassan, S. Z., Jia, N., Lee, D., Plunkett, S., & Pinelli, M. (2014). Entrepreneurial ecosystems around the globe and early-stage company growth dynamics [World Economic Forum Report].
  • Fate, F. (2016). Mapping study of Nigeria entrepreneurship ecosystem. Nigerian Entrepreneurship Report Publication.
  • Ferrandiz, J., Fidel, P., & Conchado, A. (2018). Promoting entrepreneurial intention through a higher education program integrated in an entrepreneurship ecosystem. International Journal of Innovation Science, 10(1), 6–21. https://doi.org/10.1108/IJIS-09-2017-0089
  • Fjose, S., Grunfeld, L. A., & Green, C. (2010). SMEs and growth in Sub-Saharan Africa: Identifying SME roles and obstacles to SME growth. MENON Business Economics. MENON Publication Number 14.
  • Gast, J., Filser, M., Rigtering, J. C., Harms, R., Kraus, S., & Chang, M. L. (2018). Socioemotional wealth and innovativeness in small and medium sized family enterprises: A configuration approach. Journal of Small Business Management, 56(1), 53–67. https://doi.org/10.1111/jsbm.12389
  • Godwin, T. G., & Simon, I. A. (2021). Financing entrepreneurship development in Nigeria through informal financial institutions. International Journal of Research Science and Management, 9(2), 8–17. https://www.globalscientificjournal.com/researchpaper/FINANCING_ENTREPRENEURSHIP_DEVELOPMENT_THROUGH_INFORMAL_FINANCIAL_INSTITUTIONS_IN_NIGERIA.pdf
  • Gompers, P. A., Lerner, J., & Scharfstein, D. S. (2008). Entrepreneurial spawning: Public corporations and the formation of new ventures: 1986-1999. Journal of Finance, 60(2), 577–614. https://doi.org/10.1111/j.1540-6261.2005.00740.x
  • Gries, T., & Naudé, W. (2010). Entrepreneurship and structural economic transformation. Small Business Economics, 34(1), 13–29. https://doi.org/10.1007/s11187-009-9192-8
  • Hair, J. F. (2015). Essentials of business research methods. M. E. Sharpe.
  • Hair, J. F., Jr, Wolfinbarger, M., Money, A. H., Samouel, P., & Page, M. J. (2015). Essentials of business research methods. Routledge.
  • Hancock, G. R., Mueller, R. O., & Stapleton, L. M. (2010). The reviewer’s guide to quantitative methods in the social sciences. Routledge.
  • Howell, A., Cuzick, J., Baum, M., Buzdar, A., Dowsett, M., Forbes, J. F., Hoctin-Boes, G., Houghton, J., Locker, G. Y., & Tobias, J. S. (2005). Results of the ATAC (Arimidex, tamoxifen, alone or in combination) trial after completion of 5 years’ adjuvant treatment for breast cancer. Lancet, 365(9453), 60–62. https://doi.org/10.1016/S0140-6736(04)17666-6
  • Igwe, P. A., Odunukan, K., Rahman, M., Rugara, D. G., & Ochinanwata, C. (2020). How entrepreneurship ecosystem influences the development of frugal innovation and informal entrepreneurship. Thunderbird International Business Review, 62(5), 475–488. https://doi.org/10.1002/tie.22157
  • Igwe, P. A., Ogundana, A. N. A., Egere, O. M., & Anigbo, J. A. (2018). Factors affecting the investment climate, SMEs productivity and entrepreneurship in Nigeria. European Journal of Sustainable Development, 7(1), 182. https://doi.org/10.14207/ejsd.2018.v7n1p182
  • Inyang, B. J., & Enuoh, R. O. (2009). Entrepreneurial competencies: The missing links to successful entrepreneurship in Nigeria. International Business Research, 2(2), 62–70. https://doi.org/10.5539/ibr.v2n2p62
  • Isenberg, D. (2011). The entrepreneurship ecosystem strategy as a new paradigm for economic policy: Principles for cultivating entrepreneurship. Paper presented at the Institute of International and European Affairs, Dublin, Ireland, Babson Global. http://www.innovationamerica.us/images/stories/2011/The-entrepreneurship-ecosystem-strategy-for-economic-growth-policy-20110620183915.pdf
  • Isenberg, D. (2014). What an entrepreneurship ecosystem actually is. Harvard Business Review, 5(1), 1–7. https://hbr.org/2014/05/what-an-entrepreneurial-ecosystem-actually-is
  • James-Unam, M., Agorzie, C., Bello, A., & James-Unam, F. (2015). Enhancing sustainable development of small and medium-scale enterprises through total quality management: Evidence from Nigeria. IFE Journal of Entrepreneurship and Business Management, 1(1), 25–33. https://www.researchgate.net/publication/295920150_Enhancing_Sustainable_Development_of_Small_and_Medium-Scale_Enterprises_through_Total_Quality_Management_Evidence_from_Nigeria
  • Kamara, S., Arslan, A., & Dikova, D. (2022). Disadvantaged entrepreneurship development: The role of civil society organisations in the Sierra Leone Petty trading entrepreneurial ecosystem. In D. G. Pickernell, M. Battisti, Z. Dann & C. Ekinsmyth (Eds.), Disadvantaged entrepreneurship and the entrepreneurial ecosystem (Vol. 14, pp. 171–192). Bingley: Emerald Publishing Limited. https://doi.org/10.1108/S2040-724620220000014008
  • Kothari, C. R. (2004). Research methodology: methods and techniques (2nd ed.). New Age International Ltd. Publisher.
  • Kuratko, D. F., & Morris, M. H. (2018). Examining the future trajectory of entrepreneurship. Journal of Small Business Management, 56(1), 11–23. https://doi.org/10.1111/jsbm.12364
  • Leonidou, L. C., Christodoulides, P., & Thwaites, D. (2016). External determinants and financial outcomes of an eco‐friendly orientation in smaller manufacturing firms. Journal of Small Business Management, 54(1), 5–25. https://doi.org/10.1111/jsbm.12121
  • Liguori, E. W., El Tarabishy, A., & Passerini, K. (2021). Publishing entrepreneurship research: strategies for success distilled from a review of over 3,500 submissions. Journal of Small Business Management, 59(1), 1–12. https://doi.org/10.1080/00472778.2020.1824530
  • Maas, G., Jones, P., & Lockyer, J. (2016). Position paper: International centre for transformational entrepreneurship. Coventry University.
  • Maas, G., Jones, P., & Lockyer, J. (2019). The journey to transformational entrepreneurship. In G. Maas, & P. Jones (Eds.), Transformational entrepreneurship practices (pp. 1–14). Cham: Palgrave Pivot.
  • Mambula, C. (2002). Perceptions of SME Growth Constraints in Nigeria. Journal of Small Business Management, 40(1), 58–65. https://doi.org/10.1111/1540-627X.00039
  • Marmer, M. (2012, April). Transformational entrepreneurship: Where technology meets societal impact. Harvard Business Review, 90(6), 23. https://hbr.org/2012/04/transformational-entrepreneurs
  • Mason, C., & Brown, R. (2014). Entrepreneurial ecosystems and growth oriented entrepreneurship. [Final Report to OECD]. pp. 1–38.
  • Mersha, T., & Sriram, V. (2018). Gender, entrepreneurial characteristics, and success: Evidence from Ethiopia. Thunderbird International Business Review, 1(61), 157–167. https://doi.org/10.1002/tie.21984
  • Miller, R. A., & Collier, E. W. (2010). Redefining entrepreneurship: A virtues and values perspective. Journal of Leadership, Accountability and Ethics, 8(2), 80–89. http://www.na-businesspress.com/JLAE/MillerWeb.pdf
  • Mitchelmore, S., & Rowley, J. (2008). Entrepreneurial competencies: A literature review and development agenda. International Journal of Entrepreneurial Behaviour and Research, 16(2), 92–111. https://doi.org/10.1108/13552551011026995
  • Nakku, V. B., Agbola, F. W., Miles, M. P., & Mahmood, A. (2020). The interrelationship between SME government support programs, entrepreneurial orientation, and performance: A developing economy perspective. Journal of Small Business Management, 58(1), 2–31. https://doi.org/10.1080/00472778.2019.1659671
  • Neumeyer, X., & Santos, S. C. (2018). Sustainable business models, venturetypologies, and entrepreneurial ecosystems: A social network perspective. Journal of Cleaner Production, 1(172), 4565–4579. https://doi.org/10.1016/j.jclepro.2017.08.216
  • Njoku, A. C., Ihugba, O. A., & Odii, A. (2014). Theoretical analysis of entrepreneurship challenges and prospects in Nigeria. International Letters of Social and Humanistic Sciences, 16(5), 21–34. https://doi.org/10.18052/www.scipress.com/ILSHS.16.21
  • Obeng, B. A., & Blundel, R. K. (2015). Evaluating enterprise policy interventions in Africa: A critical review of Ghanaian small business support services. Journal of Small Business Management, 53(2), 416–435. https://doi.org/10.1111/jsbm.12072
  • Olotu, A. Z. (2014). Entrepreneurship development and unemployment in Nigeria. International Journal of Management, 1(2), 1–7. https://www.slideshare.net/ijm-apm/entrepreneurship-development-and-unemployment-in-nigeria
  • Onakoya, A. B. O., Fasanya, I. O., & Abdulrahman, H. D. (2013). Small and medium scale enterprises financing and economic growth in Nigeria. European Journal of Business and Management, 5(4), 130–136. https://www.iiste.org/Journals/index.php/EJBM/article/view/4474
  • Onyeje, S. A., Court, T. O., & Agbaeze, E. K. (2020). National enterprise policy dimensions and sustainability of Micro, Small and Medium Enterprises (MSMEs). Journal of African Business, 5(1), 1–19. https://doi.org/10.1080/15228916.2020.1838838
  • Osotimehin, K. O., Jegede, C. A., Akinlabi, B. H., & Olajide, O. T. (2012). An Evaluation of the Challenges and Prospects of Micro and Small Scale Enterprises Development in Nigeria. American International Journal of Contemporary Research, 2(4), 175–178.
  • Oyeku, O. M., Oduyoye, O. O., Elemo, G. N., Akindoju, A. F., & Karimu, F. A. (2014). Entrepreneurial capability and entrepreneurial success of small and medium enterprises: A review of conceptual and theoretical framework. Research on Humanities and Social Sciences, 4(17), 136–143. https://core.ac.uk/download/pdf/234674089.pdf
  • Parasuraman, A., Zeithaml, V. A., & Berry, L. (1988). SERVQUAL: A multiple-item scale for measuring consumer perceptions of service quality. Journal of Retailing, 64(1), 12–40.
  • Pérez‐Luño, A., Saparito, P., & Gopalakrishnan, S. (2016). Small and medium sized enterprise’s entrepreneurial versus market orientation and the creation of tacit knowledge. Journal of Small Business Management, 54(1), 262–278. https://doi.org/10.1111/jsbm.12144
  • Poole, M. A., & O’Farrell, P. N. (1971). The Assumptions of the linear regression model. Transactions of the Institute of British Geographers, 52(3), 145–158. https://doi.org/10.2307/621706
  • Prokop, D. (2021). University entrepreneurial ecosystems and spinoff companies: Configurations, developments and outcomes. Technovation, 107(8), 102286. https://doi.org/10.1016/j.technovation.2021.102286
  • Raftery, A. E., Gilks, W. R., Richardson, S., & Spiegelhalter, D. (1995). Hypothesis testing and model. In W. R. Gilks, S. Richardson, & D. Spiegelhalter (Eds.), Markov chain Monte Carlo in Practice (pp. 165–187). New York: Chapman and Hall. https://doi.org/10.1201/b14835
  • Ratten, V. (2020). Coronavirus and international business: An entrepreneurial ecosystem perspective. Thunderbird International Business Review, 62(5), 629–634. https://doi.org/10.1002/tie.22161
  • Ratten, V., & Jones, P. (2018). Transformational entrepreneurship. Routledge.
  • Roxas, B., Ashill, N., & Chadee, D. (2017). Effects of entrepreneurial and environmental sustainability orientations on firm performance: A study of small businesses in the Philippines. Journal of Small Business Management, 55(1), 163–178. https://doi.org/10.1111/jsbm.12259
  • Sako, M. (2018). Business ecosystems: How do they matter for innovation? Communications of the ACM, 61(4), 20–22. https://doi.org/10.1145/3185780
  • Schneider, K. (2017). Entrepreneurial competencies of women entrepreneurs of micro and small enterprises. Science Journal of Education, 5(6), 252–261. https://doi.org/10.11648/j.sjedu.20170506.14
  • Schoar, A. (2010). The divide between subsistence and transformational entrepreneurship. Innovation Policy and the Economy, 10(1), 57–81. https://doi.org/10.1086/605853
  • Smith, W., & Chimucheka, T. (2014). Entrepreneurship, economic growth and entrepreneurship theories. Mediterranean Journal of Social Sciences, 5(14), 1–9.
  • Sousa, B. (2019). Book Review: Transformational Entrepreneurship. International Small Business Journal. Routledge, UK. https://doi.org/10.1177/0266242619828014
  • Spigel, B. (2017). The relational organization of entrepreneurial ecosystem. Entrepreneurship Theory and Practice, 41(1), 49–72. https://doi.org/10.1111/etap.12167
  • Stam, E., & Spigel, B. (2016). Entrepreneurial ecosystems. U.S.E Discussion Paper Series, 16(13), 1–15. http://www.uu.nl/organisatie/utrecht-university-school-of-economicsuse/onderzoek/publicaties/discussion-papers/2016
  • Stevens, R. E., Loudon, D. L., Ruddick, M. E., Sherwood, P. K., & Wrenn, B. (2012). The marketing research guide. Routledge.
  • Suresh, J., & Ramraj, R. (2012). Entrepreneurial ecosystem: Case study on the influence of environmental factors on entrepreneurial success. European Journal of Business and Management, 4(16), 95–101. https://core.ac.uk/download/pdf/234624389.pdf
  • Theodoraki, C., & Catanzaro, A. (2022). Widening the borders of entrepreneurial ecosystem through the international lens. The Journal of Technology Transfer, 47(2), 383–406. https://doi.org/10.1007/s10961-021-09852-7
  • Theodoraki, C., Dana, L. P., & Caputo, A. (2022). Building sustainable entrepreneurial ecosystems: A holistic approach. Journal of Business Research, 140(1), 346–360. https://doi.org/10.1016/j.jbusres.2021.11.005
  • Volkmann, C., Fichter, K., Klofsten, M., & Audretsch, D. B. (2021). Sustainable entrepreneurial ecosystems: An emerging field of research. Small Business Economics, 56(3), 1047–1055. https://doi.org/10.1007/s11187-019-00253-7
  • Weaver, B., & Maxwell, H. (2014). Exploratory factor analysis and reliability analysis with missing data: A simple method for SPSS users. The Quantitative Methods for Psychology, 10(2), 143–152. https://doi.org/10.20982/tqmp.10.2.p143
  • Yamane, T. (1967). Problems to accompany statistics, an introductory analysis. Harper & Row.
  • Yoruk, E., Johnston, A., Maas, G., & Jones, P. (2022). Conceptualising the transformational power of entrepreneurship from an entrepreneurial ecosystems perspective focusing on environmentally and socially inclusive economic growth. International Journal of Technological Learning, Innovation and Development, 14(1–2), 192–220. https://doi.org/10.1504/IJTLID.2022.121476