Technopreneurship as a Pathway to Sustainable Business Performance: Empirical Evidence from SMES in Nigeria

  • Ola Olusegun Oyedele Federal University of Agriculture
  • Paul, I. Ojeaga Federal University of Agriculture
  • Idris Olayiwola Ganiyu University of KwaZulu-Natal Durban
  • Evelyn Derera University of KwaZulu-Natal PMB Campus
  • Mutiu Adeleke Oyero College of Management Sciences,
Keywords: Intellectual Property; Research; Development; Innovation; Business Performance

Abstract

The overall objective of the study was to examine empirical
evidences on how technopreneurship impacts business sustainability carried
out in some selected areas in Abeokuta, Nigeria. A sample of 126
respondents were selected using Yaro Yamane random sampling method. A
primary method of data collection was used, a well-structured questionnaire
was administered, and responses were analysed using linear regression. The
frequency of responses to each of the explanatory variables in the
questionnaire are shown using frequency tables. The study findings which
were based on the test of two (2) hypotheses in the study, show that
intellectual property rights have significant impact (R 2 = 0.294 and P =
0.000) on business profitability, research and development and innovation
(R&D&I) has a direct positive (R 2 = 0.292 and P = 0.000) effect on business
earned revenue. The study recommends that businesses should possess or
sell and commercialise intellectual property rights (IPRs) and engage in
research, development and innovation as this boosts business turnover or
sales revenue earned. Finally, technopreneurship should be a central concern
for government and policymakers.

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Published
2020-07-15
Section
Articles