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Multivariate analysis of ethnic migrants' entrepreneurial motivation in Ghana

Author

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  • Jacqueline Zakpaa
  • Leo-Paul Dana

Abstract

This study was a cross-sectional survey, and it sought to determine the multivariate structure of factors affecting the self-employment entrepreneurial motivation of internal ethnic migrant entrepreneurs in Ghana. A total of 210 entrepreneurs were selected through simple random sampling in the four major cities in Ghana. High dimensional sets of data produced from a Likert scale with 71 indicator variables of migrant entrepreneurial motivation factors, which were incorporated into a structured questionnaire, were factor analysed, using SPSS version 21. The findings revealed that the significant influences on the entrepreneurial motivation of this group of ethnic migrant entrepreneurs, consisted of factors such as relational social capital or informal personal networks, wealth creation through human capital development, lack of fear of risks taking, impact of a previous job, the effect of the regulatory environment, labour market-based unemployment, access to start-up capital through personal savings, culture, and increase wealth motivation.

Suggested Citation

  • Jacqueline Zakpaa & Leo-Paul Dana, 2024. "Multivariate analysis of ethnic migrants' entrepreneurial motivation in Ghana," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 36(4), pages 469-521.
    • Handle: RePEc:ids:ijbglo:v:36:y:2024:i:4:p:469-521
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