Entrepreneurial Activity and Its Determinants: Findings from African Developing Countries

Dvouletý, Ondřej; Orel, Marko

doi:10.1007/978-3-030-12342-0_2

Cited by 23 publications

(15 citation statements)

References 47 publications

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“…It can now be observed that, increasingly, a lot of Ghanaian women like their counterparts in Sub-Saharan Africa are transitioning from their traditional role of petty trading, farming, home keeping to run more sophisticated businesses in tourism, catering and other service industries (Adom et al, 2018;Ali, 2018). In Dvouletý and Orel (2019), the authors who used Global Entrepreneurship Monitor data from 2001 to 2016 to study the entrepreneurial activity in African developing countries observed that the overall GEM rate of entrepreneurship (including nascent and established activity) at the country level is 31.4 per cent of 18-64 population, consisting of 20.4 per cent of the 18-64 population who are either nascent entrepreneurs or owner-managers of new business, and on average 11 per cent of the 18-64 population were engaged in owning-managing established business and at the same time receiving salaries, wages or any other payments for more than 42 months.…”

Section: Review Of the Extant Literature 21 Women Entrepreneurial Activity In Africamentioning

confidence: 99%

Intangible resources and the growth of women businesses

Sallah¹,

Caesar

2020

JEEE

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Purpose Intangible assets are widely considered as key success factors for the growth of businesses in various economies. While the relationship between intangible assets or resources and business growth or performance have been extensively researched in advanced economies, there is limited understanding of the complexity of the phenomenon in developing/emerging markets. In Ghana specifically, there is a dearth of research on the impact of intangible assets on the growth of women businesses. Consequently, this paper aims to investigate how intangible assets available to women entrepreneurs contribute to the performance of their businesses. Design/methodology/approach Using an exploratory sequential research design (a type of mixed methods design), the data collection was organized into two main phases. The first phase was the qualitative phase where nine respondents were interviewed, and the responses were analysed using thematic analysis. The second phase was the quantitative phase where some 264 questionnaires were collected and analysed using multiple regression analysis. Findings Specifically, the findings focused on three intangible resources: social capital, human capital and reputational capital. The study found that, social, human and reputational capital all significantly contributed to the growth of women businesses. The study also showed a positive and significant effect of social capital, reputational capital and human capital on business growth. Practical implications These findings have implications for women entrepreneurs in Ghana. If they must grow their businesses, then using intangible assets alone may not be able to deliver growth in the required proportions. Serious consideration must be given to the significant impact of intra and extra industry networking and the social competency skills of the entrepreneur. The rationality of this assertion hinges on the findings made from this study that social competence can be effectively used to further enhance the effects of the value of one’s intangible assets. Originality/value Policymakers in Sub-Saharan Africa and specifically Ghana have accorded high priority to private sector entrepreneurship towards reduction in the dependence of the citizenry on government for jobs. Perhaps, this paper adds to the growing body of knowledge on female entrepreneurship in Ghana to understand how intangible assets available to women entrepreneurs contribute to the performance of their businesses.

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Section: Review Of the Extant Literature 21 Women Entrepreneurial Activity In Africamentioning

confidence: 99%

Intangible resources and the growth of women businesses

Sallah¹,

Caesar

2020

JEEE

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“…Other countries presented in the table have TEA ranging from 26 to 36.6% with the exemption of Tunisia with TEA of 7.6% and Morocco with TEA of 8.6%. Meanwhile, in terms of established business rate (EBOR), Ghana has the highest percentage, while South Africa has the lowest (Dvouletý and Orel 2019). Furthermore, the administrative burden of registration based on World Bank Entrepreneurship Survey shows that in Ghana on average, there are nine procedures to be followed before commencing a business, while in Uganda, 16 number of procedures need to be adhered to.…”

Section: Overview Of Entrepreneurship and Institutional Indicators In Africamentioning

confidence: 99%

“…Average entrepreneurship indicators in selected countries inAfrica (2001Africa ( -2016. Source:Dvouletý and Orel (2019) and Authors computed using data from Global Entrepreneurship Monitor (2018) and WorldBank (2018) TEA-Total early-stage entrepreneurial activity, EBOR-Established business ownership rate NBD new business density, POP perceived opportunities, SUP start-up procedures (number), TIME Start-up (days) and n/a means not available…”

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confidence: 99%

Foreign aid and entrepreneurship in Africa: the role of remittances and institutional quality

Ajide

Osinubi

2020

Econ Change Restruct

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This study investigates the impact of foreign aid and remittance inflows on entrepreneurship progress in Africa. The role of institutional quality in the relationship between foreign aid and entrepreneurship is also investigated. We explore data of 19 African countries for a period of 2006-2017, and panel data regression techniques are employed. The study finds that: (1) Foreign aid impact on entrepreneurship is negative. (2) The remittances mediate the negative impact of foreign aid on entrepreneurship. (3) Institutional quality mediates the negative impact of foreign aid on entrepreneurial progress. (4) The threshold level of remittance at which foreign aid would meaningfully enhance entrepreneurship is 10.59 as a percentage of GDP while that of institutional quality is 5.04 on a scale of 10 point. (5) The role of remittances and foreign aids is complementary in firm start-up activities. (6) Institutional quality plays important roles in moderating impact of foreign aid on firm start-up activities. In addition, our results show that concentration in banking industry does not benefit entrepreneurial activities. The study concludes that foreign aids and remittances perform complementary roles in improving the level of entrepreneurial development in Africa. The strong institutional environment is very important in promoting entrepreneurial success. These findings are robust to alternative estimations.

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“…Meanwhile, the research agenda of studying entrepreneurship in SSA's developing countries is receiving increasingly more attention. SSA is a rapidly growing region, involving new challenges for the future such as changing governance and economic systems, innovation for inclusive growth, major migration, urbanization and a rising middle class (Dana et al, 2018;Dvouletý & Orel, 2019;George et al, 2012George et al, , 2016Ratten, 2014;Ratten & Jones, 2018;Ratten et al, 2019). Given the practical importance of these challenges, entrepreneurship scholars have set out to understand if and when entrepreneurship enables or constrains economic development.…”

Section: Introductionmentioning

confidence: 99%

Jump for joy: happiness as the route to increased living standards of entrepreneurs in Zambia

Eijdenberg

Thompson

2020

Small Enterprise Research

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Entrepreneurial Activity and Its Determinants: Findings from African Developing Countries

Cited by 23 publications

References 47 publications

Intangible resources and the growth of women businesses

Intangible resources and the growth of women businesses

Foreign aid and entrepreneurship in Africa: the role of remittances and institutional quality

Jump for joy: happiness as the route to increased living standards of entrepreneurs in Zambia

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