| Literature DB >> 34307949 |
Adebanji William Ayeni1,2,3,4,5, Olaleke Ogunnaike2, Edidiong Ayeni6,3,4, Oluwole Iyiola2.
Abstract
The existence of informal entrepreneurship is alleged to curb hardships related to unemployment. This has been the case of Nigerian youths at getting needs met but a dire exists when related to the African cultural heritage of value and goals. The study examines social motivations of informal entrepreneurs and their implications for business performance in selected electronics markets with the engagement of sustainable competitive advantage in southwest of Nigeria. Causal research design was deemed appropriate. The survey design was integrated to describe the present trend in the informal electronic market. The need to obtain subjective opinion of the respondents and draw an accurate assessment of the entire population via the studied sample calls for the adoption of the descriptive survey research design. Using linear regression, it was revealed that social motivation has a statistical significance in predicting sustainable competitive advantage recording the beta value of (beta = 0.389 with t-val (9.822) higher than 1.96, sig.000 p < .05). The study reflected that social motivation makes a strong contribution to explaining sustainable competitive advantage in the informal market.Entities:
Keywords: Informal entrepreneurship; Social motivation; Sustainable competitive advantage
Year: 2021 PMID: 34307949 PMCID: PMC8287236 DOI: 10.1016/j.heliyon.2021.e07538
Source DB: PubMed Journal: Heliyon ISSN: 2405-8440
Distribution of questionnaires to selected markets.
| S/N | Market Names | States | Quantitative samplings |
|---|---|---|---|
| 1 | Computer Village, Ikeja | Lagos | 255 |
| 2 | Bola Ige International Market, Ibadan | Oyo | 128 |
| 3 | Fagbesa Market, Osogbo | Osun | 48 |
| 4 | Okelewo Market, Abeokuta | Ogun | 78 |
| 5 | Ayo Fayose Market, Ado-Ekiti | Ekiti | 38 |
| 6 | Olukayode Shopping Complex, Akure | Ondo | 53 |
Demographic information of informal entrepreneurs in six selected electronics markets across the southwest states, Nigeria.
| Demographic Variables | Lagos State | Ogun State | Oyo State | Osun State | Ondo State | Ekiti State | Total | |
|---|---|---|---|---|---|---|---|---|
| Gender | Male | 190 | 59 | 91 | 42 | 26 | 27 | |
| Female | 19 | 9 | 37 | 6 | 27 | 11 | ||
| Marital Status | Single | 108 | 39 | 46 | 26 | 33 | 14 | |
| Married | 95 | 27 | 51 | 17 | 20 | 17 | ||
| Others | 6 | 2 | 31 | 5 | 0 | 7 | ||
| Age of Business | Less than 5 years | 70 | 30 | 23 | 15 | 22 | 11 | |
| 5–9 years | 63 | 14 | 43 | 16 | 17 | 8 | ||
| 10–14 years | 46 | 16 | 35 | 9 | 8 | 15 | ||
| 15 years - above | 30 | 8 | 27 | 8 | 6 | 4 | ||
Descriptive statistic of responses based on the state of informal entrepreneurs on social motivation.
| Item | LG | OG | OY | OS | OD | EK | ||
|---|---|---|---|---|---|---|---|---|
| 1 | I do this job because I want to create social value for myself (Ms) | M | 4.2010 | 4.2647 | 3.4609 | 3.5625 | 2.9434 | 3.6579 |
| SD | 1.07766 | .87447 | 1.01874 | .61562 | .94899 | .78072 | ||
| 2 | There is probability that this informal business will enable me to enhance my social status. (Ps) | M | 4.2488 | 4.2059 | 3.5156 | 3.7292 | 3.5094 | .75053 |
| SD | .84655 | .82061 | 1.07940 | .67602 | .79958 | .80891 | ||
| 3 | Informal business provides the required platform for social incentives such as catering for self and family as well as cordial relationship (Is) | M | 4.3206 | 4.0882 | 3.4687 | 3.7083 | 3.1698 | 3.6842 |
| SD | .82486 | 1.03282 | .96341 | .71335 | .75284 | 82329 | ||
| 4 | I maintain my informal business operation because I want to preserve my interpersonal relationships with my colleagues | M | 3.8421 | 3.9265 | 3.2187 | 3.3542 | 3.2642 | 3.3947 |
| SD | 1.03262 | 1.11055 | .87788 | .63546 | .83553 | .75101 | ||
| 5 | My involvement in the informal market enables me to establish, maintain, and restore positive affective relations with others. | M | 3.9809 | 4.0147 | 3.4531 | 3.6875 | 3.4151 | 3.7632 |
| SD | .93006 | 1.04371 | .98700 | .85443 | .77046 | .80052 | ||
| 6 | Cordial relation with other informal entrepreneurs encourages my willingness to operate informally. | M | 3.9952 | 3.8235 | 3.6406 | 3.8333 | 3.2264 | 3.8158 |
| SD | .90669 | 1.10550 | 1.05543 | .83369 | .86916 | .86005 | ||
| 7 | I love this job because it enables me to have strong effects on other people | M | 3.9043 | 4.0147 | 3.5469 | 3.6667 | 3.3585 | 3.7368 |
| SD | 1.14372 | .96958 | .96277 | .78098 | .96266 | .88932 | ||
| 8 | I participate in this business because it is a means of influencing the behavior of another person | M | 3.5167 | 3.6765 | 3.4922 | 3.8125 | 3.3019 | 3.4211 |
| SD | 1.18117 | 1.13875 | 1.12240 | .86679 | .82240 | 1.05739 | ||
| 9 | This business helps me in maintaining my position as the breadwinner of my home | M | 4.1531 | 3.9706 | 3.6875 | 3.7292 | 3.3962 | 3.7368 |
| SD | .98815 | 1.03622 | 1.16206 | .98369 | .92694 | 3.6316 | ||
| M | 4.0181 | 3.9984 | 3.4983 | 3.6759 | 3.2872 | 3.6491 | ||
| SD | .66014 | .56602 | .63305 |
Source: Field Survey Result (2018).
Model summary.
| Model | R | R Square | Adjusted R Square | Std. Error of the Estimate |
|---|---|---|---|---|
| 1 | 0.389 | 0.151 | 0.150 | 0.77200 |
Source: Field Survey Result (2018).
Predictors: (Constant), Social Motivation
ANOVAa.
| Model | Sum of Squares | df | Mean Square | F | Sig. | |
|---|---|---|---|---|---|---|
| 1 | Regression | 57.501 | 1 | 57.501 | 96.480 | 0.000 |
| Residual | 323.026 | 542 | 0.596 | |||
| Total | 380.528 | 543 | ||||
The ANOVA table shows that the F value is 96.480 at .000b significance level. The implication is that social motivation has a significant effect on sustainable competitive advantage.
Dependent Variable: Sustainable competitive advantage.
Predictors: (Constant), Social Motivation.
Coefficient Table for the independent variable (Social Motivation).
| Model | Unstandardized Coefficients | Standardized Coefficients | t | Sig. | ||
|---|---|---|---|---|---|---|
| B | Std. Error | Beta | ||||
| 1 | (Constant) | 2.591 | 0.156 | 16.639 | 0.000 | |
| Social | 0.391 | 0.040 | .389 | 9.822 | 0.000 | |
Source: Field Survey Result (2018).