Achieving Maximum Performance through the Practice of Entrepreneurial Ethics: Evidence from SMEs in Nigeria
It is acknowledged that small and medium enterprises (SMEs) may encounter different ethical issues and pressures that could affect the way in which they strategize or make decisions concerning the outcome of their business. Therefore, this research aimed at assessing entrepreneurial ethics in the business of SMEs in Nigeria. Secondary data were adopted as source of corpus for the analysis. The findings conclude that a sound entrepreneurial ethics system has a significant effect on the level of performance of SMEs in Nigeria. The Nigerian Government needs to provide both guiding and physical structures; as well as learning systems that could inculcate these entrepreneurial ethics.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1131944Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 865
 S. Bayraktaroğlu and S. E. Yilmaz, “The Relationship between Business Ethics Practices and Organizational Performance in Human Resource Management: The Case of the Fortune 500 Turkey,” Turkish Journal of Business Ethics, 2012, Vol. 5, Issue 2
 M. E. Ogbari1, A. O. Oke, A. A. Ibukunoluwa, M. A. Ajagbe, & A. C. Ologbo, “Entrepreneurship and Business Ethics: Implications on Corporate Performance,” International Journal of Economics and Financial Issues, 2016, Vol. 6 issue S3, pp. 50-58.
 R.S. Kaplan and D.P. Norton, “The Strategy-Focused Organization,” Harvard Business Review Press, 2000.
 J. W. Creswell, “Educational Research: Planning, Conducting, and Evaluating Quantitative and Qualitative Research.” Pearson Education Inc. 2012
 J. A. Hanekom, “Technological Ethics, Social Ethic.” NG: Kerkboekhandel. 1984.
 M. E Guy, “Ethical Decision Making in Everyday Work Stations.” New York: Quorum Books. 1990
 R. Charak “Entrepreneurship-Concept” Published on Dec 15, 2012 https://www.slideshare.net/libracharak/entrepreneurship-concept
 S. Shane, and S. Venkataraman, “The Promise of Entrepreneurship as a Field of Research,” The Academy of Management Review. 2000, vol. 25, No. 1, pp. 217-226.
 C. Álvaro, R. Domingo and R. Salvador (Eds.) “Entrepreneurship: Concepts, Theory and Perspective” Springer-Verlag Berlin Heidelberg, NewYork. 2007, pp. 1-20
 M. Simpson, J. Padmore & N. Newman, “Towards a new model of success and performance in SMEs,” International Journal of Entrepreneurial Behaviour & Research, 2012, Vol. 18, No. 3, pp. 264-285.
 M. A. Memon, and I. M. Tahir, “Size and operational performance of manufacturing companies in Pakistan using data envelopment analysis.” Journal of Information Engineering and Applications, 2012, Vol. 2, No. 4, pp. 39-49.
 N. Mirela, M. Costel, “Key Performance Indicators in Small and Medium Sized Enterprises” TEHNOMUS -New Technologies and Products in Machine Manufacturing Technologies, pp. 46-53. Available from http://www.allresearchjournal.com/archives/2016/vol2issue3/PartI/2-2-131.pdf
 A. DeGroff, M. Schooley, T. Chapel, and T. H. Poister, “Challenges and strategies in applying performance measurement to federal public health programs.” Evaluation and program planning, 2010, Nov; Vol. 33, No. 4, pp. 365-372.
 T. G. Yirgalem and P. Viswanadham “Performance measurement of small scale enterprises: Review of theoretical and empirical literature” International Journal of Applied Research 2016, Vol. 2, No. 3, pp. 531-535
 M. Franco-Santos, M. Kennerley, P. Micheli, V. Martinez, S. Mason, B. Marr, D. Gray and A. Neely, “Towards a definition of a business performance measurement system”. International Journal of Operations & Production Management, 2007, Vol. 27, pp. 784-801.
 S. N. Zulkiffli and N. Perera. “A Literature Analysis on Business Performance for SME’s: Subjective or Objective Measurers” Society of Interdisciplinary Business Research. 2011, pp. 1-9
 T. D. Wall, J. Michie, M. Patterson, S. J. Wood, S. Maura, C. W. Clegg, and M. West, “On the validity of subjective measures of company performance.” Personnel Psychology, 2004, Vol. 57, pp. 95–118.
 E. T. Ebitu & S. B. Beredugo, “Business Ethics and the Performance of Service Firms in Calabar, Coroos River State, Nigeria.” European Journal of Hospitality and Tourism Research, 2015, Vol 2, No 2, pp. 28-38
 J. Withey and B. N. Schwartz. “The Ethical orientation of Aspiring Entrepreneuers”. Journal of Academic and Business Ethics. 2014, Vol. 8,
 D. H. Jared, J. S. Harry, and E. B. Norman. “Ethics and Entrepreneurship” Journal of Ethics and Entrepreneurship. 2011, Vol. 1, No. 1, pp. 7 – 26
 R.A. Buchholz, and S.B. Rosenthal, “Toward a Contemporary Conceptual Framework for Stakeholder Theory” J Bus Ethics 2005, Vol: 58 No. 1, pp. 137- 148. doi:10.1007/s10551-005-1393-8
 K. Odubajo, and A. Usman “Relevance of small scale enterprises in development of Nigerian economy,” Journal of Banking, 2001, pp. 14-19.
 A.S. Abubakar, and Z.A., Yahya “Strengthening small and medium enterprises (SMEs) as a strategy for poverty reduction in North Western Nigeria,” American Journal of Humanities and Social Sciences. 2013, Vol.1 (3).
 B. Oyelaran-Oyeyinka, M. Adelaja, and B. Abiolo, “Small and medium enterprises cluster in Nigeria,” Ibadan Mosuro Press, 2007.
 J. Sanusi, “Welcome address by the Central Bank of Nigeria at the Launching of Small and Medium Equity Investment scheme NICON Sauser,” LI. Starting your own Business. SAM Management in practice 31, 2001.
 National Population Commission (NPC), ICF International Workshop on Nigeria Demographic and Health Survey, Abuja, Nigeria, 2014.
 R. O. Akingunola, “Small and Medium Scale Enterprises and Economic Growth in Nigeria: An Assessment of Financing Options” Pakistan Journal of Business and Economic Review 2011, Vol. 2, No. 1.
 D. Snagdross, and T. Briggs, “Industrialization and Small Firms Pattern and Policies,” 1996. In A.M. Safiriyu and B.O. Njogo, “Impact of Small and Medium Scale Enterprises in the Generation of Employment In Lagos State.” Arabian Journal of Business and Management Review. 2012, Vol. 1(11): 107-141
 M. D. Little, D. Mazumdar, and J. M. Page, “Small Manufacturing Enterprises: A Comparative Analysis of India and Other Economies.” New York: Oxford University Press. 1987.
 S. Park, “Supply Management in Small and Medium-sized Enterprises: Role of SME size,” International Journal of Supply Chain Forum. 2011, Vol.
 S.S. Pingle, “A Comparative study of the HRM Practices in small and Medium Enterprises, Journal of Management Research. 2014, Vol.xiii(1)
 J. Lombardo, “Organizational Ethical Climate: Definition, Issues & Improvement” Instructor: study.com/academy, Chapter 8, lesson 1. http://study.com/academy/lesson/organizational-ethical-climate-definition-issues-improvement.html#lesson
 K. D. Martin, J. B. Cullen, “Continuities and Extensions of Ethical Climate Theory: A Meta-Analytic Review”. Journal of Business Ethics, 2006, vol. 69, No 2, pp. 175-194.