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The moderating effect of attitude to risk on the role of microfinance in entrepreneurship development in Uttarakhand region, India

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  • Richa Agarwal

    (Hemvati Nandan Bahuguna Garhwal University)

  • Ashok Kumar Pokhriyal

    (Hemvati Nandan Bahuguna Garhwal University)

Abstract

The purpose of the study is to examine the role of microfinance in entrepreneurship development. This paper also measures the moderating effect of attitude to risk on microfinance and entrepreneurship development. A total of 350 entrepreneurs were surveyed from the manufacturing and service sectors with the help of convenience sampling method. Further, the confirmatory factor analysis (CFA) assessed the constructs’ reliability and validity. The structural equation modelling technique was used to testify the proposed hypotheses in the study between microfinance and sustainable growth of entrepreneurship, which was found positively significant. Second, a moderating variable, namely attitude to risk, partially influenced the relationship between microfinance and entrepreneurship development. The study inferred that there is a strong need for a collaborative approach to enhance the impact of government initiatives in entrepreneurship development; thus, it will increase the sustainable growth of entrepreneurship and helps to scale up their business entity.

Suggested Citation

  • Richa Agarwal & Ashok Kumar Pokhriyal, 2022. "The moderating effect of attitude to risk on the role of microfinance in entrepreneurship development in Uttarakhand region, India," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 107-117, December.
    • Handle: RePEc:spr:jglont:v:12:y:2022:i:1:d:10.1007_s40497-022-00317-1
    DOI: 10.1007/s40497-022-00317-1
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    References listed on IDEAS

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    Cited by:

    1. Katherine Coronel-Pangol & Doménica Heras-Tigre & Jonnathan Jiménez Yumbla & Juan Aguirre Quezada & Pedro Mora, 2023. "Microfinance, an Alternative for Financing Entrepreneurship: Implications and Trends-Bibliometric Analysis," IJFS, MDPI, vol. 11(3), pages 1-14, June.

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