Entrepreneurial self-efficacy, institutional environment, and entrepreneurial orientation for SME: A review

2019 IJRSM – Volume 8 Issue 2

Author/s:

Eniola, Anthony Abiodun*
Landmark University, Omu-Aran, Nigeria (eniola.anthony@lmu.edu.ng)

Dada, Duro Amos
Achievers University, Owo, Nigeria (durodada83@gmail.com)

Abstract:

This research reviews the role of entrepreneurial self-efficacy and institutional environment in entrepreneurial orientation and development of a successful entrepreneurship-based SME. The aim is to integrate institutional environment, self-efficacy, to address afore mentioned challenges to entrepreneurship-based SME’s development in Nigeria. The review encouraged the role of entrepreneurial self-efficacy and institutional environment in the development of a successful entrepreneurship-based SME. Entrepreneurship is an important engine for sustainable economic development irrespective of the social, economic and geopolitical conditions. However, developing and maintaining an effective entrepreneurship-based small and medium enterprise (SME) is a significant challenge.

Keywords: entrepreneurial orientation; self-efficacy; institutional environment; SMEs; Nigeria

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DOI: https://doi.org/10.5861/ijrsm.2020.4017

*Corresponding Author