Factors Affecting New Graduate Entrepreneurial Intention: An Empirical Study of the Unemployed Graduates in Nigeria

Wisdom Kalabeke

Abstract


The current research examined the effect of Startup capital, Educational system and Culture on entrepreneurial intention among fresh graduate in Nigeria. The data were collected from Graduates and undergraduate’s students in the University of Lagos, Kaduna State University, Abia State University, University of Calabar and Niger Delta University, 250 questionnaires were distributed and 180 responses were collected and analyzed. The findings confirmed the strong positive relationship between variables of the study. Startup Capital/Infrastructure, Education and Cultural Factor account for 58% of the variance in Entrepreneurial intention. The study hopes to help academicians and curriculum planners to be mindful of entrepreneurship when drafting and implementing curriculum to motivate student accumulate intentions to start a business.

Keywords


Entrepreneurship Intention; Startup Capital; Education; Cultural Values; Nigeria

Full Text:

PDF

References


Afolayan, A. A. (2008). Country Paper: Nigeria Dynamics of International Migration in Nigeria.

Ajzen, I. (1991): “The theory of planned behavior”, Organizational Behavior and Human Decision Processes, 50: 179-211.

Ajzen, I. (2001)’. “Nature and operation of attitudes”, Annual Review of Psychology, 52: 27-58.

Central bank of Nigeria. (2004). Microfinance Policy, Regulatory and Supervisory Framework for nigeria, p 6-8.

Drucker, P.F. (2007). Innovation and Entrepreneurship: Practice and Principles, Elsevier Ltd.

Engelschiøn, A.-S. (2014). Master in change management Does increased access to finance enhance entrepreneurial activity among students?. Entrepreneurship, Management and Sustainable Development, https://doi.org/10.1108/WJEMSD-03-2017-0018.

Farruk et’ al. (2017). Entrepreneurial Intentions: the Role of Familial Factors, Personality Traits and Self-Efficacy World Journal.

Fasehun, o. O. (2014). Technical Manpower and Entrepreneurship in a Developing Economy. Technology Education Journal. 9(1): 34-36.

Fayolle, A. & Gailly, B., “Using the Theory of Planned Behavior to Assess.

Forlani, D. & John, M.W. (2000). “Perceived Risks and Choices in Entrepreneurs’ New Venture decisions”, Journal of Business Venturing, 15(4): 305-322.

Halliru. (2016). The Effect of Culture on the Development of Entrepreneurs Among the Hausa Ethnic Group in Northern Nigeria, Journal of Marketing and Management, 4(1): 59-73 67.

Hawkins et., al. (1993); (2004). “New business entrepreneurship in the Japanese economy”. Journal of Business Venturing, 8(2), 137–150.

Hofstede, Geert. (1980). Culture's consequences: International Differences in Work-Related Values. Beverly Hills, CA: Sage Publications.

Ihugba, O. A., Odii, A., & Njoku, A. O. (2014). “Theoretical analysis of entrepreneurship challenges and prospects in Nigeria”. International Letters of Social and Humanistic Sciences, 16(21): 21-34. Retrieved from http://www.scipress.com/ILSHS.16 Journal, 21: 997-1016.

Khuong & Nguyen, (2016). “The Impact of Government Subsidies on Enterprises' R&D Investment: A Panel Data Study”. Energy Policy, 89: 106-113.

Krueger, N.F. (1993). “The Impact of Prior Entrepreneurial Exposure on Perceptions of New Venture Feasibility and Desirability”, Entrepreneurship Theory and Practice, 18(1): 5-21.

Küttim et al. (2013). Entrpereneurship Education at the University Level and Student Entrepreneurial Intentions, Procedia-Social and Behavioral Sciences, 110: ( 2014 ) 658–668.

Nabi, G., Holden R. and Walmsley, A. (2006). “Graduate Career-Making and Business Start Up: A Literature Review”, Education + Training, 48(5): 373-385.

Nwogwugwu, N., & Irechukwu, G. N. (2015). Socio-Political Implications of Youth Unemployment on Nigeria’s Economic Development, 6(4): 27–34.

Ofili, O. U. (2014). Challenges Facing Entrepreneurship in Nigeria. International Journal of Business and Management, 9(12). http://doi.org/10.5539/ijbm.v9n12p258.

Ogochukwu, (2016). Entrepreneurship Development and Unemployment Reduction in Nigeria. International Journal of Business and Management Review, 4(8): 27-43.

Osemeke, M. (2012). Entrepreneurial Development and Interventionist Agencies in Nigeria, 3(8): 255–265.

Osinubi & A. O. Folawewo. (2006). “Monetary Policy and Macroeconomic Instability in Nigeria: A Rational Expectation Approach”. Journal of Social Science, 12(2): 93-100.

samsom, olubunmi and Olusegun. (2013). Investigation of Entrepreneurship as a Driver for Job Creation Among Youths.

Shapero, A. (1975). “The Displaced, Uncomfortable Entrepreneur”, Psychology Today, 9(6): 83-88.

Shapero, A. and Sokol, L. (1982). “The Social Dimensions of Entrepreneurship”, Encyclopedia of Entrepreneurship, p. 72-90.

Shapero, A., & Sokol, L. (1982). The Social Dimensions of Entrepreneurship. In C. Kent, D. Sexton & K. H. Vespe (Eds.). The Encyclopedia of entrepreneurship (p. 72-90). Englewood Cliffs, NJ: Prentice-Hall.

Shepherd, H. & Patzelt. (2017). Trailblazing in Entrepreneurship Creating New Paths for Understanding the Field. SBN 978-3-319-48701-4.

tende, s. b. a. (2014). Government Initiatives Toward Entrepreneurship Development in Nigeria. Global Journal of Business Research, 8(1).

Trading Economics. (2017). viewed October 28, 2017 extracted from https:/ko.tradingeconomics .com/nigeria/indicators

Turker, D. and Selcuk, S.S. (2009). “Which factors affect entrepreneurial intention of university students?”, Journal of European Industrial Training, 33(2): 142-159. UNICEF 2000 Annual report available at https://unjobs.org/vacancies/1515686950601.

Wu, S., Wu, L. (2012). The impact of higher education on entrepreneurial intentions of university students in China. Journal of Small Business and Enterprise Development, 15(14): 752-774.




DOI: http://dx.doi.org/10.18415/ijmmu.v5i2.342

Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 International Journal of Multicultural and Multireligious Understanding

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

International Journal of Multicultural and Multireligious Understanding (IJMMU) ISSN 2364-5369
https://ijmmu.com
[email protected]
dx.doi.org/10.18415/ijmmu
facebook.com/ijmmu
Copyright © 2014-2018 IJMMU. All rights reserved.