Effect of Entrepreneur and Firm Characteristics on the Business Success of Small and Medium Enterprises (SMEs) in Bangladesh

Md. Aminul Islam, Mohammad Aktaruzzaman Khan, Abu Zafar Muhammad Obaidullah, M. Syed Alam

Abstract


This study examines the effect of characteristics of entrepreneur and characteristics of the firm on the business
success of Small and Medium Enterprises in Bangladesh. The study is based on survey methodology through a
questionnaire administered on the owners and employees of small firms. Data are analyzed using statistical
package for social sciences (SPSS). Two hypotheses are proposed and tested. The characteristic of entrepreneur
is found to be a significant factor for business success of SMEs in Bangladesh. However the firm characteristics
are found not to be significant factor on the business success of SMEs in Bangladesh. The results of the analysis
show that only one of the demographic factors which is duration of organization operated has significant effect
toward business success of SMEs. SMEs that are operated longer period have been more successful in
comparison to those who have been in operation for a shorter period. In addition to this, independent sample
t-test shows that gender plays a significant role on business success of SMEs in Bangladesh. This study has
implications for entrepreneurs and policy makers.

Full Text: PDF DOI: 10.5539/ijbm.v6n3p289

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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