ASSESSING THE IMPACT OF ENTREPRENEURIAL RISK-TAKING ON SME PERFORMANCE IN AKWA IBOM STATE, NIGERIA

Abstract

The overall objective of this study was to examine the influence that entrepreneurial risk-taking ability has on Small and Medium Enterprises (SMEs) performance in Akwa Ibom State, Nigeria. The research design adopted for the study was a survey research design. Topman formula for unknown population was employed and a sample size of 384 was determined. Primary and secondary sources of data were adopted for the study. Judgmental sampling technique was employed for the study. Research instrument was a structure questionnaire. Inferential statistics was used in analyzing the study. Findings from the study showed that entrepreneurial risk-taking ability had a moderate correlation value of R = 0. 409 with an Unstandardized Coefficient Beta β=0.385. From this finding, it was concluded that entrepreneurial risk-taking ability have a positive significant influence on Small and Medium Enterprises (SMEs) performance in Akwa Ibom State. Hence, as recommendation, SMEs should be willing to take calculated risks with new business ideas