SMEs Internal Determinants and its Sustainability Performance Among SMEs in Akwa Ibom State and Lagos State, Nigeria

Adegboye, A. C., & Iweriebor, S. (2018). Does access to finance enhance SME innovation and productivity in Nigeria? Evidence from the World Bank Enterprise Survey. African Development Review, 30(4), 449-461.
Agyapong, F. O., Agyapong, A., & Poku, K. (2017). Nexus between social capital andperformance of micro and small firms in an emerging economy: The mediating role of innovation. Cogent Business & Management, 4(1), 1309784.
Analia, D., Syaukat, Y., Fauzi, A., & Rustiadi, E. (2020). The impact of social capital on the performance of small micro enterprises. Jurnal Ekonomi Malaysia, 54(1), 81-96.
Felicio, A. J., Couto, E., & Caiado, J. (2014). Human capital, social capital and organizational performance. Management decision, 52(2), 350-364.
Bagheri, A. (2017). The impact of entrepreneurial leadership on innovation work behavior and opportunity recognition in high-technology SMEs. The Journal of High Technology Management Research, 28(2), 159-166.
Beattie, S. (2016). Which entrepreneurial traits are the most critical in determining success. Otago Management Graduate Review, 14(1), 13-20.
Ben-Hador, B., Eckhaus, E., & Klein, G. (2021). Personal social capital in organizations: a new scale to assess internal and external personal social capital in organizations. Social Indicators Research, 157(3), 1155-1177.
Boohene, R., Gyimah, R. A., & Osei, M. B. (2020). Social capital and SME performance: the moderating role of emotional intelligence. Journal of Entrepreneurship in Emerging Economies, 12(1), 79-99.
Buzavaite, M., & Korsakiene, R. (2019). Human capital and the internationalisation of SMEs: A systemic literature review. Entrepreneurial Business and Economics Review, 7(3), 1
Cantele, S., & Zardini, A. (2018). Is sustainability a competitive advantage for small businesses? An empirical analysis of possible mediators in the sustainability–financial performance relationship. Journal of cleaner production, 182, 166-176.
Clara Chika, A., & Kanayo Chike, N. (2021). Impact of Human Capital Development on Small and Medium Scale Enterprise in Some Selected Firms in Ananmbra State.
Clarke, R., Chandra, R., & Machado, M. (2016). SMEs and social capital: exploring the Brazilian context. European Business Review.
Correa, V. S., Queiroz, M. M., & Shigaki, H. B. (2021). Social capital and individual entrepreneurial orientation: innovativeness, proactivity, and risk-taking in an emerging economy. Benchmarking: An International Journal.
Dai, W. D., Mao, Z. E., Zhao, X. R., & Mattila, A. S. (2015). How does social capital influence the hospitality firm's financial performance? The moderating role of entrepreneurial activities. International Journal of Hospitality Management, 51, 42-55.
Demartini, M. C., & Beretta, V. (2020). Intellectual capital and SMEs’ performance: A structured literature review. Journal of Small Business Management, 58(2), 288-332.
Dewantoro, A. D., & Ellitan, L. (2021). The role of entrepreneurship and social capital in building the sustainability of SMES in Indonesia. International Journal of Trend in Scientific Research and Development, 5(4), 53-58.
Dzomonda, O., Fatoki, O., & Oni, O. (2017). The impact of leadership styles on the entrepreneurial orientation of small and medium enterprises in South Africa. Journal of Economics and Behavioral Studies, 9(2 (J)), 104-113.
Eniola, A. A., & Entebang, H. (2015a). SME firm performance-financial innovation and challenges. Procedia-Social and Behavioral Sciences, 195, 334-342.
Eniola, A. A., & Entebang, H. (2016). Financial literacy and SME firm performance. International Journal of Research Studies in Management, 5(1), 31-43.
Eniola, A. A., & Entebang, H. (2017). SME managers and financial literacy. Global Business Review, 18(3), 559-576.
Farace, S., & Mazzotta, F. (2015). The effect of human capital and networks on knowledge and innovation in SMEs 1. Journal of Innovation Economics & Management, (1), 39-71.
Gamage, S. K. N., Prasanna, R. P. I. R., Jayasundara, J. M. S. B., Ekanayake, E. M. S., Rajapakshe, P. S. K., Gaknj, A., & Nedelea, A. M. (2020). Social capital and SME: A systematic literature review and research directions. Ecoforum Journal, 9(3).
Hair Jr, J. F., Howard, M. C., & Nitzl, C. (2020). Assessing measurement model quality in PLS-SEM using confirmatory composite analysis. Journal of Business Research, 109,
Hair, J. F., Page, M., & Brunsveld, N. (2019c). Essentials of business research methods. Routledge.
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019a). When to use and how to report the results of PLS-SEM. European business review, 31(1), 2-24.
Hair, J. F., Sarstedt, M., & Ringle, C. M. (2019b). Rethinking some of the rethinking of partial least squares. European Journal of Marketing, 53(4), 566-584.
Harrison, C., Paul, S., & Burnard, K. (2016). Entrepreneurial leadership: A systematic literature review. International Review of Entrepreneurship, 14(2).
Henseler, J. (2017a). Bridging design and behavioral research with variance-based structural equation modeling. Journal of advertising, 46(1), 178-192.
Henseler, J. (2017b). Partial least squares path modeling. Advanced methods for modeling markets, 361-381.
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the academy of marketing science, 43, 115-135.
Herlina, E., Tukiran, M., & Anwar, S. (2021b). The Effect of Entrepreneurial Leadership on Organizational Performance: Literature Review. Journal Of Management, Accounting, General Finance And International Economic Issues (Marginal), 1(1), 25-33.
Herlina, H., Disman, D., Sapriya, S., & Supriatna, N. (2021a). Factors that influence the formation of Indonesian SMEs' social entrepreneurship: a case study of West Java. Entrepreneurship and Sustainability Issues, 9(2), 65.
Hernandez-Carrion, C., Camarero-Izquierdo, C., & Gutierrez-Cillan, J. (2020). The internal mechanisms of entrepreneurs’ social capital: A multi-network analysis. BRQ Business Research Quarterly, 23(1), 2340944420901047.
Hernandez?Carrion, C., Camarero?Izquierdo, C., & Gutierrez?Cillan, J. (2017). Entrepreneurs' social capital and the economic performance of small businesses: The moderating role of competitive intensity and entrepreneurs' experience. Strategic Entrepreneurship Journal, 11(1), 61-89.
Honjo, Y. (2021). The impact of founders’ human capital on initial capital structure: Evidence from Japan. Technovation, 100, 102191.
Hoq, M. Z., Wirba, A. V., & Baig, A. (2017). Social capital and small medium enterprise (SME) performance: an exploratory study. International Journal of Novel Research in Marketing Management and Economics, 4(1), 33-39.
Horvathova, J., & Mokrisova, M. (2020). Business competitiveness, its financial and economic parameters. Montenegrin Journal of Economics, 16(1), 139-153.
Hosseininia, G., & Ramezani, A. (2016). Factors influencing sustainable entrepreneurship in small and medium-sized enterprises in Iran: A case study of food industry. Sustainability, 8(10), 1010.
Hubner, S. V., & Baum, M. (2018). Entrepreneurs' human resources development. Human Resource Development Quarterly, 29(4), 357-381.
Isaga, N. (2015). Owner-managers' demographic characteristics and the growth of Tanzanian Small and medium enterprises. International Journal of Business and Management, 10(5), 168.
Jafri, S. K. A., Ismail, K., Khurram, W., & Soehod, K. (2014). Impact of social capital and firms’ innovative capability on sustainable growth of women owned technoprises (SMEs): A study in Malaysia. World applied sciences journal, 29(10), 1282-1290.
Jain, N. K., & Dasgupta, P. (2018). Partial Least Squares-Structural Equation Modeling (PLS-
SEM).
Jamal, T. N. N., & Chellakan, R. S. (2020). Effect of Entrepreneurial Competence and Expansion Strategies on SMES Performance of Kingdom of Bahrain. iKSP Journal of Business and Economics, 1(1).
Kasiri, N., Movassaghi, H., & Lamoureux, S. (2020). Sustainability engagement or not? US SMEs approach. Journal of Small Business Strategy, 30(3), 16-32.
Khazami, N., & Lakner, Z. (2021). Influence of social capital, social motivation and functional competencies of entrepreneurs on agritourism business: rural
lodges. Sustainability, 13(15), 8641.
Kock, N. (2019). Factor-based structural equation modeling with WarpPLS. Australasian marketing journal, 27(1), 57-63.
Kossyva, D., Sarri, K., & Georgolpoulos, N. (2014). Co-opetition: A business strategy for SMEs in times of economic crisis. South-Eastern Europe Journal of Economics, 12(1).
Kowo, S. A., & Akinbola, O. A. (2019). Strategic leadership and sustainability performance of small and medium enterprises. Ekonomicko-manazerske spektrum, 13(1), 38-50.
Kragulj, F. (2017). Characterising human capital in the craft industry. In International Conference on Intellectual Capital and Knowledge Management and Organisational Learning (pp. 145-151).
Kull, T. J., Kotlar, J., & Spring, M. (2018). Small and medium enterprise research in supply chain management: The case for single?respondent research designs. Journal of Supply Chain Management, 54(1), 23-34.
Latifi-Mustafa, N., & Havolli, Y. (2020). Founders' Education and SME Performance in Kosovo. Journal of Economics and Management Sciences, 3(1), p29-p29.
Leitch, C. M., & Volery, T. (2017). Entrepreneurial leadership: Insights and directions. International Small Business Journal, 35(2), 147-156.
Madanchian, M., & Taherdoost, H. (2017). Role of leadership in small and medium enterprises (SMEs). International Journal of Economics and Management System.
Meitriana, M. A., Yuliarmi, N. N., Utama, M. S., & Marhaeni, A. A. I. N. (2022). Social capital-based financial literacy to improve business performance: a narrative review. International Journal on Social Science, Economics and Art, 12(2), 83-90.
Mgeni, T. O. (2015). Impact of entrepreneurial leadership style on business performance of SMEs in Tanzania.
Mgeni, T. O., & Nayak, P. (2015). Impact of different leadership styles of CEOs on business performance of SMEs in East Africa: A systematic review of literature. Journal of Entrepreneurship & Management, 4(3), 1-13.
Mokhber, M., Vakilbashi, A., Zamil, N. A. M., & Basiruddin, R. (2016). Impact of entrepreneurial leadership on organization demand for innovation: Moderating role of employees’ innovative self-efficacy. International Review of Management and Marketing, 6(3), 415-421.
Mom, T. J., Fourne, S. P., & Jansen, J. J. (2015). Managers’ work experience, ambidexterity, and performance: The contingency role of the work context. Human Resource Management, 54(S1), s133-s153.
Monametsi, G. L., Mkwizu, K. H., & Swai, T. A. (2018). The Impact of Human Capital on Access to Financial Services for SMEs: A comparative Study of Botswana and Tanzania. International Journal Of Research & Methodology In Social Science, 4(4),
Mubarak, A., Suryana, N. K., Jumiati, E., & Intan, S. (2021, July). Relationship and influence of entrepreneurial orientation, social capital, and warm glow on sustainable agricultural development in the border area of Sebatik Island. In IOP Conference Series: Earth and Environmental Science (Vol. 807, No. 3, p. 032061). IOP Publishing.
Muda, S., & Rahman, M. R. C. A. (2016). Human capital in SMEs life cycle perspective Procedia Economics and Finance, 35, 683-689.
Naushad, M. (2021). Investigating determinants of entrepreneurial leadership among SMEs and their role in sustainable economic development of Saudi Arabia. The Journal of Asian Finance, Economics and Business, 8(4), 225-237.
Ngatno, N., & Apriatni, E. P. (2016). Human Capital Entrepreneurial Capital and SME's Performance of Traditional Herbal Industries in Central Java, Indonesia: The Mediating Effect of Competitive Advantage (Turnitin).
Nyoni, T., & Bonga, W. G. (2018). Anatomy of the small & medium enterprises (SMEs) critical success factors (CSFs) in Zimbabwe: Introducing the 3E model. Dynamic Research Journals' Journal of Business & Management (DRJ-JBM), 1(2), 01-18.
Obed, A. R., Jaja, S. A., & Ukoha, O. (2018). Entrepreneurial mindset and human capacity building of small and medium scale firms in Port Harcourt. International Journal of Advance Academic Research, 4(3), 68-87.
Ojokuku, R. M., & Sajuyigbe, A. S. (2015). Effect of human capital development on the performance of small and medium scale enterprises in Nigeria. Journal of emerging trends in educational research and policy studies, 6(1), 88-93.
Oah, J., Kovacs, S., Virglerova, Z., Lakner, Z., Kovacova, M., & Popp, J. (2019). Analysis and comparison of economic and financial risk sources in SMEs of the Visegrad group and Serbia. Sustainability, 11(7), 1853.
Onyeukwu, P., & Jekelle, H. E. (2019). Leadership succession and sustainability of small family owned businesses in South East Nigeria. Open Journal of Business and Management, 7(03), 1207.
Oyeku, O. M., Oduyoye, O., Asikhia, O., Kabuoh, M., & Elemo, G. N. (2014). On entrepreneurial success of small and medium enterprises (SMEs): A conceptual and theoretical framework. Journal of Economics and Sustainable Development, 5(16), 14-
Pratono, A. H. (2018). From social network to firm performance: The mediating effect of trust, selling capability and pricing capability. Management Research Review.
Purwati, A., Budiyanto, B., Suhermin, S., & Hamzah, M. (2021). The effect of innovation capability on business performance: The role of social capital and entrepreneurial leadership on SMEs in Indonesia. Accounting, 7(2), 323-330.
Qamariah, I., & Muchtar, Y. C. (2019). Analyzing business performance of small and medium enterprises (SMEs) based on human capital, social capital and competitive advantage. Ecoforum Journal, 8(2).
Qin, N., & Kong, D. (2021). Human capital and entrepreneurship. Journal of Human Capital, 15(4), 513-553.
Rahman, N. A., Yaacob, Z., & Radzi, R. M. (2016b). The challenges among Malaysian SME: A theoretical perspective. World, 6(3), 124-132.
Ramos-Gonzalez, M. D. M., Rubio-Andres, M., & Sastre-Castillo, M. A. (2022). Effects of socially responsible human resource management (SR-HRM) on innovation and reputation in entrepreneurial SMEs. International Entrepreneurship and Management Journal, 18(3), 1205-1233.
Renko, M., El Tarabishy, A., Carsrud, A. L., & Brännback, M. (2015). Understanding and measuring entrepreneurial leadership style. Journal of small business Management, 53(1), 54-74.
Soomro, B. A., Shah, N., & Mangi, S. (2019). Factors affecting the entrepreneurial leadership in small-and medium-sized enterprises (SMEs) of Pakistan: An empirical evidence. World Journal of Entrepreneurship, Management and Sustainable Development, 15(1), 31-44.
Soundararajan, V., Jamali, D., & Spence, L. J. (2018). Small business social responsibility: A critical multilevel review, synthesis and research agenda. International Journal of Management Reviews, 20(4), 934-956.
Srikalimah, S., Wardana, L. W., Ambarwati, D., Sholihin, U., Shobirin, R. A., Fajariah, N., &
Wibowo, A. (2020). Do creativity and intellectual capital matter for SMEs sustainability? The role of competitive advantage. The Journal of Asian Finance, Economics and Business, 7(12), 397-408.
Stam, W., Arzlanian, S., & Elfring, T. (2014). Social capital of entrepreneurs and small firm performance: A meta-analysis of contextual and methodological moderators. Journal of business venturing, 29(1), 152-173.
Strobl, A., Kallmuenzer, A., & Peters, M. (2023). Entrepreneurial leadership in Austrian family
SMEs: A configurational approach. International Small Business Journal, 41(2), 152-
Suroso, A., & Anggraeni, A. I. (2017). Optimizing SMEs’ business performance through human capital management.
Sutikno, S., Fikriyah, M., & Nurkhin, A. (2022). Relationship of Social Capital, Entrepreneurial Competence, and Performance: The Case of Convection SMEs. Economic Education Analysis Journal, 11(1).
Thapa, A. (2015). Determinants of microenterprise performance in Nepal. Small Business Economics, 45, 581-594.
Tomsic, N., Bojnec, S., & Simcic, B. (2015). Corporate sustainability and economic performance in small and medium sized enterprises. Journal of cleaner production, 108, 603-612.
Tunjungsari, H. K., Selamat, F., & Chairy, C. (2021). Sustainable entrepreneurship in SMEs: The case of creative-industry SMEs in Jambi, Indonesia. In Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020) (pp. 546-551). Atlantis Press.
Xin, L., Tang, F., Zhang, S., & Pan, Z. (2020). Social capital and sustainable innovation in small businesses: Investigating the role of absorptive capacity, marketing capability and organizational learning. Sustainability, 12(9), 3759.
Yadav, N., Gupta, K., Rani, L., & Rawat, D. (2018). Drivers of sustainability practices and SMEs: A systematic literature review. European Journal of Sustainable Development, 7(4), 531-531.
Yeboah, M. A. (2021). Determinants of SME growth: An empirical perspective of SMEs in the Cape Coast Metropolis, Ghana. The Journal of Business in Developing Areas & Nations, 14, 1-31.
Yusoff, T., Wahab, S. A., Latiff, A. S., Osman, S. I., Zawawi, N. F., & Fazal, S. A. (2018). Sustainable growth in SMEs: A review from the Malaysian perspective. J. Mgmt. & Sustainability, 8, 43.
Zhang, H., Han, R., Wang, L., & Lin, R. (2021). Social capital in China: a systematic literature review. Asian Business & Management, 20, 32-77.
Zheng, H., Piao, X., & Park, S. (2021). The Role of Founder-CEO, Human Capital and Legitimacy in Venture Capital Financing in China’s P2P Lending Industry. Sustainability, 13(4), 1625.

In-Text Citation: (Chisom et al., 2023)
To Cite this Article: Chisom, C. C., Yusoff, I. Y. B. M., Jaafar, N. A., & Ayub, A. (2023). SMEs Internal Determinants and its Sustainability Performance Among SMEs in Akwa Ibom State and Lagos State, Nigeria. International Journal of Academic Research in Economics and Management and Sciences, 12(3), 133–155.

Copyright: © 2023 The Author(s)

This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode