Perceived institutional support and small venture performance: The mediating role of entrepreneurial persistence

This article examines the entrepreneurial persistence of opportunity-motivated entrepreneurs in Ghana. Specifically, it develops a theoretical model focusing on the relationships among perceived institutional support, entrepreneurial persistence and small venture performance, including how entrepren...

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Bibliographic Details
Published in:International small business journal 2021-03, Vol.39 (1), p.18-39
Main Authors: Ahsan, Mujtaba, Adomako, Samuel, Mole, Kevin F
Format: Article
Language:English
Subjects:
Entrepreneurs
Institutional aspects
Small business
Ventures
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Summary:This article examines the entrepreneurial persistence of opportunity-motivated entrepreneurs in Ghana. Specifically, it develops a theoretical model focusing on the relationships among perceived institutional support, entrepreneurial persistence and small venture performance, including how entrepreneurial networks condition the relationship between institutional support and entrepreneurial persistence. Using time-lagged data from 373 opportunity-motivated entrepreneurs leading small ventures in Ghana, we find broad support for our hypotheses. The insights from our study provide an integrative understanding of the relationships among perceived institutional support, entrepreneurial persistence and venture performance in an adverse environment. Theoretical and practical implications are discussed.
ISSN:0266-2426
1741-2870
DOI:10.1177/0266242620943194