FINANCIAL DETERMINANTS OF ENTREPRENEURSHIP IN NIGERIA
Finance is a crucial component to entrepreneurial success and the dearth of financial resources can be detrimental to entrepreneurs and affect entrepreneurial activities and growth opportunities. This study investigates the financial determinants of entrepreneurship in Nigeria from 1991 to 2021 usi...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2024-06-01
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| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/263 |
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| _version_ | 1823857058106048512 |
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| author | Precious Adukwu Hyeladi Stanley Dibal |
| author_facet | Precious Adukwu Hyeladi Stanley Dibal |
| author_sort | Precious Adukwu |
| collection | DOAJ |
| description |
Finance is a crucial component to entrepreneurial success and the dearth of financial resources can be detrimental to entrepreneurs and affect entrepreneurial activities and growth opportunities. This study investigates the financial determinants of entrepreneurship in Nigeria from 1991 to 2021 using the auto regressive distributed lag model. The findings to the study revealed that while foreign direct investments and financial development negatively affect self-employment rate in Nigeria, access to finance increases the rate of self-employment in Nigeria. This study, therefore, recommends that policy makers need to make access to financial resources easier and at a lesser cost to individuals who wants to be self-employed in order to encourage self-employment and entrepreneurial activities for economic growth and stability.
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| format | Article |
| id | doaj-art-57125fbe404c417eb38c40afb91e205b |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2024-06-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-57125fbe404c417eb38c40afb91e205b2025-02-12T01:06:48ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972024-06-014210.57233/gujaf.v4i2.5FINANCIAL DETERMINANTS OF ENTREPRENEURSHIP IN NIGERIAPrecious Adukwu0Hyeladi Stanley Dibal1Federal University WukariFederal University Wukari, Taraba State, Nigeria Finance is a crucial component to entrepreneurial success and the dearth of financial resources can be detrimental to entrepreneurs and affect entrepreneurial activities and growth opportunities. This study investigates the financial determinants of entrepreneurship in Nigeria from 1991 to 2021 using the auto regressive distributed lag model. The findings to the study revealed that while foreign direct investments and financial development negatively affect self-employment rate in Nigeria, access to finance increases the rate of self-employment in Nigeria. This study, therefore, recommends that policy makers need to make access to financial resources easier and at a lesser cost to individuals who wants to be self-employed in order to encourage self-employment and entrepreneurial activities for economic growth and stability. https://journals.gujaf.com.ng/index.php/gujaf/article/view/263Financial determinantsentrepreneurshipFDI |
| spellingShingle | Precious Adukwu Hyeladi Stanley Dibal FINANCIAL DETERMINANTS OF ENTREPRENEURSHIP IN NIGERIA Gusau Journal of Accounting and Finance Financial determinants entrepreneurship FDI |
| title | FINANCIAL DETERMINANTS OF ENTREPRENEURSHIP IN NIGERIA |
| title_full | FINANCIAL DETERMINANTS OF ENTREPRENEURSHIP IN NIGERIA |
| title_fullStr | FINANCIAL DETERMINANTS OF ENTREPRENEURSHIP IN NIGERIA |
| title_full_unstemmed | FINANCIAL DETERMINANTS OF ENTREPRENEURSHIP IN NIGERIA |
| title_short | FINANCIAL DETERMINANTS OF ENTREPRENEURSHIP IN NIGERIA |
| title_sort | financial determinants of entrepreneurship in nigeria |
| topic | Financial determinants entrepreneurship FDI |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/263 |
| work_keys_str_mv | AT preciousadukwu financialdeterminantsofentrepreneurshipinnigeria AT hyeladistanleydibal financialdeterminantsofentrepreneurshipinnigeria |