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Determinants of entrepreneurial propensity of Nigerian undergraduates: an empirical assessment

  • Siyanbola, Willie O.
  • Afolabi, Oladele O.
  • Jesuleye, Olalekan A.
  • Egbetokun, Abiodun A.
  • Dada, Abolaji D.
  • Aderemi, Helen O.
  • Sanni, Maruf
  • Razak, Muhammed

The specific factors that influence the entrepreneurial inclination of students were studied with a view to designing appropriate policies on entrepreneurship within tertiary institutions. The sample for the study consisted of 7,560 students from a total of 25 tertiary institutions with 83% response rate. While we found that entrepreneurial interest among Nigerian students is quite high, the expression of this interest in practice is rather low. The main factors found to significantly explain entrepreneurial interest are parents‟ educational qualifications, family entrepreneurial history, family socio-demographics, students‟ entrepreneurial experience, and students‟ socio-demographics. Of the fourteen variables identified as being central in encouraging students‟ entrepreneurial interests, only five can be defined as necessary, though but not sufficient, conditions to stimulate interest: gender, number of children by father, position among mother's children, father's monthly income and entrepreneurial education. This has policy implications both for government and the institutions. The study is the first of its magnitude in Nigeria and provides baseline information for researchers and policy makers who need to better understand the dynamics of entrepreneurship among Nigerian youth.

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File URL: https://mpra.ub.uni-muenchen.de/35797/1/MPRA_paper_35797.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 35797.

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Date of creation: 2009
Date of revision: 2010
Publication status: Published in International Journal of Business Environment 1.5(2012): pp. 1-29
Handle: RePEc:pra:mprapa:35797
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  1. Roy Thurik & Isabel Grilo, 2005. "Latent and actual entrepreneurship in Europe and the US: some recent developments," Papers on Entrepreneurship, Growth and Public Policy 2005-24, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  2. Simeon Djankov & Tim Ganser & Caralee McLiesh & Rita Ramalho & Andrei Shleifer, 2008. "The Effect of Corporate Taxes on Investment and Entrepreneurship," NBER Working Papers 13756, National Bureau of Economic Research, Inc.
  3. De Wit, G. & Winden, F., 1989. "An Empirical Analysis Of Self-Employment In The Netherlands," Papers 89.02, NEUHUYS - RESEARCH INSTITUTE FOR SMALL AND MEDIUM.
  4. S. Mahendra Dev, 2008. "India," Chapters, in: Handbook on the South Asian Economies, chapter 1 Edward Elgar.
  5. Parker, Simon C., 2005. "The Economics of Entrepreneurship: What We Know and What We Don't," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 1(1), pages 1-54, May.
  6. Lerner, Miri & Hendeles, Yeoshua, 1996. "New entrepreneurs and entrepreneurial aspirations among immigrants from the former U.S.S.R. in Israel," Journal of Business Research, Elsevier, vol. 36(1), pages 59-65, May.
  7. Dolton, Peter J & Makepeace, G H, 1990. "Self Employment among Graduates," Bulletin of Economic Research, Wiley Blackwell, vol. 42(1), pages 35-53, January.
  8. Thomas Dunn & Douglas Holtz-Eakin, 1996. "Financial Capital, Human Capital, and the Transition to Self-Employment:Evidence from Intergenerational Links," NBER Working Papers 5622, National Bureau of Economic Research, Inc.
  9. Dunn, Thomas & Holtz-Eakin, Douglas, 2000. "Financial Capital, Human Capital, and the Transition to Self-Employment: Evidence from Intergenerational Links," Journal of Labor Economics, University of Chicago Press, vol. 18(2), pages 282-305, April.
  10. Kourilsky, Marilyn L. & Walstad, William B., 1998. "Entrepreneurship and female youth: knowledge, attitudes, gender differences, and educational practices," Journal of Business Venturing, Elsevier, vol. 13(1), pages 77-88, January.
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