Entrepreneurial passion and SMEs’ performance: moderating effects of financial resource availability and resource flexibility

Samuel Adomako, Mujtaba Ahsan

    Research output: Contribution to journalArticlepeer-review

    Abstract

    In this paper, we examine the effects of the three identity-based entrepreneurial passions (EPs) (that is, passion for inventing, developing, and founding) on established small and medium-sized enterprises’ (SMEs’) performance. We adopt a resource contingency perspective to develop our theoretical model to examine the relationship between EP, resources, and SMEs’ performance. Specifically, we investigate the moderating influence of financial resource availability and resource flexibility on the relationship between EP and SMEs’ performance. We test our hypotheses using time-lagged data from 193 SMEs in Ghana. Our hypotheses are largely supported, and this offers a nuanced view of the relationship between the different domains of EP and performance. Our findings contribute to the passion, SME, and broader entrepreneurship literature.
    Original languageEnglish
    Pages (from-to)122-135
    JournalJournal of Business Research
    Volume144
    Early online date7 Feb 2022
    DOIs
    Publication statusPublished - May 2022

    Keywords

    • entrepreneurial passion
    • Ghana
    • resources
    • SMEs
    • performance
    • Africa

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