The Moderating Role of Government Policies on the Relationship between Technology, Innovation and Entrepreneurship Development in Nigeria: A Partial Least Square Approach

Abstract

Given the economic realities in Nigeria, the country must constantly create new jobs, and diversify the industrial and commercial sector to take advantage of human and natural resources through entrepreneurship development. The present research aims to identify the role of government policies on the relationship between innovations, technology and entrepreneurship development in Nigeria. Questionnaire was distributed to Small and Medium Scale Enterprises (SMEs) in Osun State. Structural Equation Model was used to analyze data using Partial Least Square Method (PLS 3). The results based on findings shows that a positive significant effect was found between government support, innovation and technology on entrepreneurship development. Government policies were found to have fully moderate the relationship between innovation, technology and entrepreneurship development. Government polices was found to be the most explanatory variable of the study having the highest effect on the entrepreneurship development. Therefore, the study recommends that government should enact policies that will encourage and promote the use of technology and support innovative ideas to bring economic growth through entrepreneurship development.

Explaining regional differences in firm formation rates: how far are government policies important for entrepreneurship?

“…public investments, TDZs and ICTs) played a positive and significant role in differentiating regions that are able to sustain high entrepreneurship rates from other categories. These results supported the hypothesis of the paper and are consistent with the previous findings of the existing empirical literature; positive and significant associations between entrepreneurship level and human capital, financial capital, agglomeration, migration and government policies and measures (Glaeser et al, 2014;Audretsch et al, 2015;Simoes et al, 2016;Dvouletý and Mareš, 2016;Oyelakin and Kandi, 2017;Prieger et al, 2017;Urban and Ratsimanetrimanana, 2019). Contrarily, the regions having a weak performance in entrepreneurship levels (Category 1) are characterized by low levels of innovativeness, loss of population and low levels of exports, although they received higher levels of government incentives in the 2000-2011 period.…”

“…Several studies evaluated the level of effectiveness of existing policies, including the ones indicating the positive contribution to regional entrepreneurship, besides the ones sceptical about their level of effectiveness. According to Mason and Brown (2011), Ostapenko (2016) and Oyelakin and Kandi (2017) government policies contribute positively to the promotion and development of regional entrepreneurship. Contrarily, Ihugba et al (2014), Onwuka et al (2014) and Tende (2014) underline the insignificant influence of policy measures on the formation of entrepreneurial activities, especially due to problems concerning credit policies and measures.…”

Proceedings of the Proceedings of the First Annual Conference of Economics, Business, and Social Science, ACEBISS 2019, 26 - 30 March, Jakarta, Indonesia

“…However, Oyelakin and Kandi (2017) showed that government policies has moderating role on the relationship between innovation, technology and entrepreneurship development. Government policies affect entrepreneurship development directly and indirectly (29), (31).…”

The Moderating Role of Government Support on The Relationship between Owner Characteristic and E-Commerce Adoption by Micro Enterprises

“…The comparison of AVE square root results with inter-construct correlations can be seen through The Fornell-Larcker Criterium. The Fornell-Larcker Criterium is a common and conservative approach to asses dicriminant validity and it can be applied in PLS-SEM (29). The diagonal value is the square root of AVE, while other values are the correlations between the respective latent construct.…”