Wokeh, Harvest Edward, Prof. Ubulom, William James & Dr. Egbunefu, Chibuike
Financial Ratio Analysis and Entrepreneurial Success of Business Education Graduates’ Start-ups in Port Harcourt Metropolis in Rivers State.
Abstract
The study investigated the relationship between financial ratio analysis and entrepreneurial success of Business Education graduate’s start-ups in Port Harcourt Metropolis. The study adopted correlational research design. A population of 84 Business Education graduates was used in the study. Three research questions and three null hypotheses guided the study. The instrument for the study was self-structured 4-point rating scale tagged Financial Ratio Analysis and Entrepreneurial Success of Business Education Graduates’ Start-ups (FRAESBEGS). The instrument was validated by three experts in the department of Business Education and one measurement and evaluation expert. Reliability coefficient of 0.89 was obtained using Pearson Product Moment Correlation. Research questions were answered with Pearson Promote Moment Correlation. Also, Pearson Product Moment Correlation was used to analyze the hypotheses. Findings from the study revealed amongst others, that financial ratio analysis can play critical role in the entrepreneurial success of Business Education Graduates’ start-ups. Based on the findings, recommendations were proffered; which included: that Business Education graduates should regularly employ financial ratio analysis to appraisal the financial health status of their start-ups, as such measure can significantly help to mitigate business risks, drive growth, and promote sustainability of the businesses.
