IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2017i5p26-47.html
   My bibliography  Save this article

Empirical Assessment of Social Motivation and Performance of Informal Entrepreneurs in Computer Village, Lagos State

Author

Listed:
  • Adebanji William Adebanji

    (Covenant University)

  • Oluwole Iyiola

    (Covenant University)

  • Olaleke Oluseye Ogunnaike

    (Covenant University)

  • Stephen Ayodotun Ibidunni

    (Covenant University)

  • Oluwaseun Akinde

    (University of Ilorin)

  • Idowu Olubodun

    (Elizade University)

Abstract

The current upsurge of unemployment in Nigeria can be downplayed by entrepreneurship, an economic driver which reflects negatively on the adopted mono-economy of Nigeria with her dependence on oil rather than attaining a multi-diversification in all sectors. The informal entrepreneurship has proved its stance positively in curbing the unemployment issues in all sector and yet there seems to be an aggressive action taken towards its sustainability by the government and in this study, Nigeria. The study focuses on the need to understand the level of social drive in relationship to the performance attained by the informal entrepreneurs. In this regards, the propelling force to why the informal entrepreneur with governmental regulation have a positive performance and this was conducted in Computer village, Ikeja, Lagos. The explorative and causal research was adopted for the study. Survey research was considered appropriate for the study. 250 copies of questionnaire were distributed and 205 were returned depicting 82%. Analysis was done using the SPSS package and the hypothesis tested suggested that there is a significant relationship between social motivators and business competitiveness in the informal electronic market at 5 percent significant level, thereby accepting the alternate hypothesis. This study recommends that the place of family support has been noted to highly affect the motivation of the business and to this end, the basic support gotten from the government should be redesigned (i.e. schools, health), such that the remaining income will be used for expansion or transition while performance is primed.

Suggested Citation

  • Adebanji William Adebanji & Oluwole Iyiola & Olaleke Oluseye Ogunnaike & Stephen Ayodotun Ibidunni & Oluwaseun Akinde & Idowu Olubodun, 2017. "Empirical Assessment of Social Motivation and Performance of Informal Entrepreneurs in Computer Village, Lagos State," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(5), pages 26-47, OCTOBER.
  • Handle: RePEc:dug:actaec:y:2017:i:5:p:26-47
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/4167/4206
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ute Stephan & Lorraine M Uhlaner & Christopher Stride, 2015. "Institutions and social entrepreneurship: The role of institutional voids, institutional support, and institutional configurations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 46(3), pages 308-331, April.
    2. Sampsa Samila & Olav Sorenson, 2011. "Venture Capital, Entrepreneurship, and Economic Growth," The Review of Economics and Statistics, MIT Press, vol. 93(1), pages 338-349, February.
    3. Kanbur, S M, 1979. "Of Risk Taking and the Personal Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 769-797, August.
    4. Jennings, P. Devereaux & Greenwood, Royston & Lounsbury, Michael D. & Suddaby, Roy, 2013. "Institutions, entrepreneurs, and communities: A special issue on entrepreneurship," Journal of Business Venturing, Elsevier, vol. 28(1), pages 1-9.
    5. Thomas Andersson & Martin G. Curley & Piero Formica, 2010. "Types of Entrepreneurs," Innovation, Technology, and Knowledge Management, in: Knowledge-Driven Entrepreneurship, chapter 0, pages 131-152, Springer.
    6. Webb, Justin W. & Bruton, Garry D. & Tihanyi, Laszlo & Ireland, R. Duane, 2013. "Research on entrepreneurship in the informal economy: Framing a research agenda," Journal of Business Venturing, Elsevier, vol. 28(5), pages 598-614.
    7. Williams, Colin C. & Martinez-Perez, Alvaro, 2014. "Why do consumers purchase goods and services in the informal economy?," Journal of Business Research, Elsevier, vol. 67(5), pages 802-806.
    8. Colin C. Williams & Sara Nadin, 2010. "Entrepreneurship And The Informal Economy: An Overview," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 15(04), pages 361-378.
    9. Olabisi Sherifat Yusuff, 2013. "The Dynamics Of Strategic Entry And Motivations Of Yoruba Female Textile Traders In The Balogun Market, Lagos State, Nigeria," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 18(02), pages 1-25.
    10. Nadim Ahmad & Richard G. Seymour, 2008. "Defining Entrepreneurial Activity: Definitions Supporting Frameworks for Data Collection," OECD Statistics Working Papers 2008/1, OECD Publishing.
    11. Aven, Terje, 2012. "The risk concept—historical and recent development trends," Reliability Engineering and System Safety, Elsevier, vol. 99(C), pages 33-44.
    12. Smit, Suzanne & Musango, Josephine K., 2015. "Towards connecting green economy with informal economy in South Africa: A review and way forward," Ecological Economics, Elsevier, vol. 116(C), pages 154-159.
    13. Kam Jugdev, 2008. "Good theory: developing a foundation for project management," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 6(2), pages 177-189.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Colin C. Williams, 2023. "A Modern Guide to the Informal Economy," Books, Edward Elgar Publishing, number 18668.
    2. Michael E. Cummings & Alan Gamlen, 2019. "Diaspora engagement institutions and venture investment activity in developing countries," Journal of International Business Policy, Palgrave Macmillan, vol. 2(4), pages 289-313, December.
    3. Babita Bhatt & Israr Qureshi & Suhaib Riaz, 2019. "Social Entrepreneurship in Non-munificent Institutional Environments and Implications for Institutional Work: Insights from China," Journal of Business Ethics, Springer, vol. 154(3), pages 605-630, February.
    4. Ivana Živojinović & Alice Ludvig & Karl Hogl, 2019. "Social Innovation to Sustain Rural Communities: Overcoming Institutional Challenges in Serbia," Sustainability, MDPI, vol. 11(24), pages 1-27, December.
    5. Wen, Huwei & Li, Nuoyan & Lee, Chien-Chiang, 2021. "Energy intensity of manufacturing enterprises under competitive pressure from the informal sector: Evidence from developing and emerging countries," Energy Economics, Elsevier, vol. 104(C).
    6. Adeleke. O. Banwo & Bola Momoh, 2022. "The Contextual Dimensions of Informal Economy and Entrepreneurship," Management & Economics Research Journal, Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa, vol. 4(2), pages 63-82, September.
    7. Erkko Autio & Kun Fu, 2015. "Economic and political institutions and entry into formal and informal entrepreneurship," Asia Pacific Journal of Management, Springer, vol. 32(1), pages 67-94, March.
    8. Colin C. Williams & Abbi M. Kedir, 2017. "Starting-up unregistered and firm performance in Turkey," International Entrepreneurship and Management Journal, Springer, vol. 13(3), pages 797-817, September.
    9. Yoon, Hyungseok & Tashman, Peter & Benischke, Mirko H. & Doh, Jonathan & Kim, Namil, 2024. "Climate impact, institutional context, and national climate change adaptation IP protection rates," Journal of Business Venturing, Elsevier, vol. 39(1).
    10. Rajeev Goel & James Saunoris & Xingyuan Zhang, 2015. "Innovation and underground entrepreneurship," The Journal of Technology Transfer, Springer, vol. 40(5), pages 800-820, October.
    11. William Murithi & Natalia Vershinina & Peter Rodgers, 2020. "Where less is more: institutional voids and business families in Sub-Saharan Africa," Post-Print hal-02456668, HAL.
    12. Ioana Alexandra Horodnic & Colin C. Williams & Oana Țugulea & Iuliana Claudia Stoian Bobâlcă, 2022. "Exploring the Demand-Side of the Informal Economy during the COVID-19 Restrictions: Lessons from Iași, Romania," Sustainability, MDPI, vol. 14(12), pages 1-16, June.
    13. Fredström, Ashkan & Peltonen, Juhana & Wincent, Joakim, 2021. "A country-level institutional perspective on entrepreneurship productivity: The effects of informal economy and regulation," Journal of Business Venturing, Elsevier, vol. 36(5).
    14. Colin Williams & Brunilda Kosta, 2021. "Why do Consumers Buy from Informal Sector Suppliers in East-Central Europe? A Case Study of Home Repair and Renovation Services," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 134-152, March.
    15. Ault, Joshua K. & Spicer, Andrew, 2022. "The formal institutional context of informal entrepreneurship: A cross-national, configurational-based perspective," Research Policy, Elsevier, vol. 51(9).
    16. Colin C Williams, 2021. "Tackling Undeclared Self-Employment in South-East Europe: from Deterrents to Preventative Policy Measures," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 280-298, July.
    17. Colin C Williams & Abbi M. Kedir, 2016. "Business Registration And Firm Performance: Some Lessons From India," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(03), pages 1-19, September.
    18. Zhao, Nan & Liu, Xiaojie & Zhang, Zizhe, 2022. "Does competition from the informal sector affect firms’ energy intensity? Evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 130-142.
    19. Gheorghe H. Popescu & Adriana Ana Maria Davidescu & Catalin Huidumac, 2018. "Researching the Main Causes of the Romanian Shadow Economy at the Micro and Macro Levels: Implications for Sustainable Development," Sustainability, MDPI, vol. 10(10), pages 1-37, September.
    20. Eghosa O Igudia, 2020. "Exploring the theories, determinants and policy options of street vending: A demand-side approach," Urban Studies, Urban Studies Journal Limited, vol. 57(1), pages 56-74, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2017:i:5:p:26-47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.