Empirical Analysis of the Global Supply and Demand of Entrepreneurial Finance: A Random Utility Theory Perspective

Niankara, Ibrahim

doi:10.3390/joitmc8010026

Cited by 4 publications

(3 citation statements)

References 48 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The impact of the internship was influenced by the extra burdens added to in‐school youths. In another study, Niankara (2022) found that compared to their male counterparts, females are found to be 7 per cent more likely to own a formal account and are 23.4 per cent more likely to save for farming or business entrepreneurship, while also being 18.8 per cent more likely to borrow for entrepreneurial ventures.…”

Section: Introductionmentioning

confidence: 99%

Social entrepreneurship and future employment in Nigeria

et al. 2022

View full text Add to dashboard Cite

BackgroundTo cater for the growing global population, the future of employment has been policy discourse. This is mainly because, as the population increases, the demand for employment increases. The danger of a looming crisis may be inevitable if considerable employment opportunities are not created to match population growth. In order to curtail uncertainty in the labour market and secure future employment, increased emphasise is laid on entrepreneurship – the skills to match new ideas to market and societal needs.Aim and DataThis study examines the extent of social entrepreneurship and its impact on future employment in Nigeria by testing the hypothesis stated in a null from as “social entrepreneurship has no significant impact on future employment in Nigeria”. The study utilises data sourced from youth entrepreneurship with innovation (YouWiN) (2019) conducted by the World Bank in conjunction with the National Bureau of Statistics (NBS) of Nigeria.MethodThe study engaged descriptive statistics to estimate logit regression and propensity score matching (PSM) to achieve its objective.ResultThe descriptive statistics show that only 3.15 per cent of entrepreneurship in Nigeria is a social enterprise. In addition, the mean age of business owners is about 31 years, with 83.14 per cent being male. The result from the logit regression shows that ICT utilisation, access to loans, level of education, and gender of business owners are other significant and positive determinants of future employment. The result from the PSM shows that social entrepreneurship is a significant and positive driver of future employment. It shows that social entrepreneurship will contribute not less than 21 per cent to employment in Nigeria in the next five years.ConclusionFrom the analysis, it was revealed that only 3.15 per cent of Nigerian enterprises are social enterprises, which is a possible reason for their little current contribution to present and future employment. More involvement in this sector is capable of improving future employment. In addition, to attain a boost in future employment creation in Nigeria, there has to be a significant contribution in this sector by the youth. In addition, access to ICT by business owners should be enhanced to improve business performance towards contributing to future employment. The government should adopt measures to aid business owners in securing loans to finance business activities and improve their performance.

show abstract

Section: Introductionmentioning

confidence: 99%

Social entrepreneurship and future employment in Nigeria

et al. 2022

View full text Add to dashboard Cite

show abstract

“…During economic crises like the COVID-19 pandemic, the role of entrepreneurial innovativeness in enhancing economies, such as Nigeria's mono-economy, becomes paramount . Understanding the global supply and demand of entrepreneurial finance is crucial for employment and economic development, particularly in the realm of international financial markets (Niankara, 2022). Informal debt can impact the innovation performance of entrepreneurial ventures, depending on the availability of alternative financing sources (Wu et al, 2016).…”

Section: Mechanisms Of Influence Innovation and Adaptationmentioning

confidence: 99%

The Role of Entrepreneurship in Economic Resilience

Khuan

2024

DEMAND

View full text Add to dashboard Cite

The concept of economic resilience is multidimensional, encompassing factors like resistance, recovery, and adaptability to mitigate the impact of economic shocks. Drawing from various disciplines, theoretical frameworks highlight its interdisciplinary nature. Economic resilience plays a crucial role in responding to crises, with entrepreneurship emerging as a key component. Despite challenges such as resource constraints and regulatory barriers, proactive policies can foster resilient entrepreneurship. By promoting innovation, supporting access to capital, and enhancing entrepreneurial education, policymakers can build a resilient ecosystem that drives economic prosperity and sustainability. Collaboration among stakeholders is vital for realizing this vision.

show abstract

“…It includes total utility, observable utility, and random utility. The weakness of this theory lies in the existence of overestimating paths with a high probability of selection and underestimating paths with a small probability of selection [22]. But it can greatly simplify the analysis process and has certain validity and practicality.…”

Section: 𝑊 = 𝑁 + ℎmentioning

confidence: 99%

Residential Environmental Protection Commodity Consumption Model and Trend Forecast Based on Consumer Preference

2023

View full text Add to dashboard Cite

With the development of the social economy, people’s living standards continue to improve, and the consumer demand for environmentally friendly products also increases. At the same time, many businesses have an inaccurate grasp of consumers’ consumption concept of environmentally friendly products, and there are many problems of imbalance between supply and demand. In order to improve consumers’ consumption concepts of environmentally friendly goods and maintain a balance between supply and demand in the market for environmentally friendly goods, this article takes energy-saving appliances as an example to analyze their product consumption models and trend predictions. Based on quantifying changes in residents’ consumption, two consumption models are proposed to address consumption concepts and supply and demand issues and to analyze residents’ consumption of environmentally friendly goods. The conjoint analysis method is to score and sort the products according to the willingness of consumers to a certain product, and finally analyze consumers’ preference for environmentally friendly products according to consumption behavior. The article divides the discrete choice model into four small models. Different analyses are carried out according to the consumption in different states, and from the perspective of consumers, the consumption preferences of consumers when purchasing commodities are analyzed to determine the main factors that affect consumers’ purchase of environmentally friendly commodities. In the experimental part of the article, two consumption models are used to analyze consumers’ consumption preference for environmental protection products, the prediction accuracy of consumption preference, and consumption desire. The experimental results found that consumers of different age groups have increased their desire to purchase environmentally friendly products under the stimulation of the consumption model. Under the stimulation of the discrete choice model, the consumption of residents under the age of 18 increased by 23% compared with the original. Compared with the conjoint analysis method, the discrete choice model is 12% more effective in stimulating consumption desire, and the stimulation effect is better.

show abstract

Empirical Analysis of the Global Supply and Demand of Entrepreneurial Finance: A Random Utility Theory Perspective

Cited by 4 publications

References 48 publications

Social entrepreneurship and future employment in Nigeria

Social entrepreneurship and future employment in Nigeria

The Role of Entrepreneurship in Economic Resilience

Residential Environmental Protection Commodity Consumption Model and Trend Forecast Based on Consumer Preference

Contact Info

Product

Resources

About