The Interplay between Financial Behavior, Risk Tolerance, Performance, and Poverty: Evidence from Micro-Entrepreneurs in Ghana

Prince Koranteng Kumi (), Daniel Osabutey and Osbourn Osabutey-Abbey
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Prince Koranteng Kumi: Accra Technical University, Accounting and Finance Department
Daniel Osabutey: Accra Technical University, Accounting and Finance Department
Osbourn Osabutey-Abbey: University of Derby Business School

A chapter in Proceedings of the International Conference on Sustainable Business and Entrepreneurship (ICSBE 2025), 2025, pp 392-413 from Springer

Abstract: Abstract This study examines how financial behavior and risk tolerance of microenterprise owner-managers affect their business performance and poverty levels. Despite informal microenterprises being critical employment sources for the poor, their typically poor performance remains inadequately explained. Using Structural Equation Modeling with data from 550 informal micro-entrepreneurs in Ghana, we reveal three key findings: First, good financial behavior directly reduces poverty levels (β = -0.434, p

Keywords: Financial behavior; financial performance; financial risk tolerance; poverty reduction; Ghana (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-930-8_26

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DOI: 10.2991/978-94-6463-930-8_26

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