Entrepreneurial Characteristics and Firm Performance

Mirhiga Okuwhere, Martha Oghuvwu

Research output: Contribution to journalArticlepeer-review

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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.
Original languageEnglish
Pages (from-to)75-85
Number of pages11
JournalAccounting and Taxation Review
Issue number4
Publication statusPublished - 31 Dec 2018
Externally publishedYes

Bibliographical note

This is an open access article that uses a funding model which does not charge readers or their institutions for access and is
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.


  • Entrepreneur
  • Firm Performance
  • Entrepreneur’s Age
  • Educational Background,
  • Experience and Upper echelon theory


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