Effects of Entrepreneurial Activities on the Performance of Micro, Small, and Medium Enterprises (MSMEs) in Muntinlupa City, Philippines
Marlon B. Raquel

College of Business Management, Taguig City University, Philippines

Abstract

Abstract
The entrepreneurial activity is seen as a major contributor to the economic growth and development in both developed and developing economies. This paper examined the relationship between entrepreneurial activities and the success of micro, small, and medium enterprises (MSMEs). The data were collected from 215 MSMEs in Muntinlupa City, Philippines. Using SPSS software, regression analyses were utilized to examine the effects of nine (9) indicators of entrepreneurial activity on entrepreneurial success. The results indicate that ease of entry, commercial and professional infrastructure, access to entrepreneurial finance, social and cultural norms, and entrepreneurship education at school have significant positive effects on entrepreneurial success of micro, small, and medium enterprises. Physical infrastructure, government entrepreneurship programs, government policy, and research and development transfers did not exhibit significant influence on MSME success. Based on these findings, it is recommended that government should implement anti-trust legislations and policies that would lower the cost of market entry for MSMEs. Commercial and professional infrastructure should be improved. Microfinance institutions should improve access to finance. Moreover, emphasis on self-sufficiency, autonomy, personal initiative, entrepreneurial risk-taking, creativity and innovativeness would help entrepreneurs achieve optimal business success.

Keywords: Entrepreneurial Activities- Entrepreneurial Success- Micro, Small, and Medium Enterprises- MSME Success- Muntinlupa City

Topic: Business and Economic