The intention to set up social ventures remains an unpopular choice for intending entrepreneurs due to its obvious limitations of resource constraints. Yet it remains a vital means of making social goods available to disadvantaged people, especially in developing countries. Our study aims to investigate how prior experience and networking ability interacts with empathy, moral obligation, self-efficacy, and social support to induce social entrepreneurial intentions in budding entrepreneurs in Nigeria. Using simultaneous linear regression, we analyzed data from a collection of 315 respondents enrolled in the National Youth Service Corps (NYSC)—a one-year mandatory national service scheme for graduates of higher institutions who are on the verge of making critical career choices. Our findings show that the main effects were statistically significant, while networking ability, more than prior experience, moderated the main effects. Conclusively, budding entrepreneurs need to hone their networking skills in order to exploit their social networks and complement the benefits of prior experiences as they contemplate social entrepreneurship. Future investigations can focus on determining how other environmental factors such as government/institutional support, technological adoption, and infrastructure would affect social entrepreneurial intentions.
The current financial environment is characterized by frequent innovations and complex financial products and services and this poses particular challenges for agribusiness entrepreneurs in rural areas. This study examined the sources of financial information available to agribusiness entrepreneurs in rural areas and how financial information literacy impacts performance sustainability and strategic decision-making effectiveness among agribusiness entrepreneurs amid complex and frequent innovations in financial environments in Nigeria. Utilizing a probability sampling approach, 397 respondents were drawn from the pool of agribusiness entrepreneurs registered with the Edo State Agricultural Development Programme for the Central Bank of Nigeria Anchored Borrower’s Programme (ABP) for farming businesses. The hypotheses were tested using linear regression analysis. The results from the demographic analysis suggest that agribusiness entrepreneurs have the highest access to radio adverts/programs on financial matters while television adverts/programs exert the highest persuasive influence on these agribusiness entrepreneurs. The outcomes from this analysis indicate that financial information literacy significantly impacts agribusiness performance sustainability among entrepreneurs. In addition, the proposed link between financial information literacy and strategic decision-making effectiveness among agribusiness entrepreneurs was confirmed. It is concluded that financial information literacy is needed for strategic decision-making effectiveness and performance sustainability among agribusiness entrepreneurs, particularly in rural areas, amid frequent innovative financial products and services.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.