ASSESSING THE INFLUENCE OF ENVIRONMENTAL FACTORS ON ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA

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Published: 2017-03-07

Page: 140-148


B. SHOBAYO PETER *

Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria.

O. M. AKINYEDE

Department of Financial Studies, Banking and Finance Programme, Redeemer’s University (RUN), Ede, Osun State, Nigeria.

*Author to whom correspondence should be addressed.


Abstract

The influence of environmental factors on entrepreneurship has been recognized as important in the entrepreneurship literature. This study aimed at identifying the environmental factors that affects entrepreneurship development as well as the overall effect of environmental factors on entrepreneurship development. Primary data was adopted to generate data from 87 managers and owners of business enterprise in Ago Iwoye. The data generated were analyzed using correlation and regression analysis. Findings revealed that environmental factors have an overall significant effect on entrepreneurship development in Nigeria. It was also discovered by the findings that all the environmental factors dimensions have a significant relationship with entrepreneurship development in Ago-Iwoye, Nigeria. Thus it is recommended that communities should identify aspect of their culture which hinder entrepreneurship development and make necessary adjustment. Finally, the issue of infrastructural facilities should not be seen as the sole responsibility of the government.

Keywords: Entrepreneurship, business environment, environmental factors, entrepreneurship development, Ago-Iwoye


How to Cite

PETER, B. S., & AKINYEDE, O. M. (2017). ASSESSING THE INFLUENCE OF ENVIRONMENTAL FACTORS ON ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA. Journal of Global Economics, Management and Business Research, 8(3), 140–148. Retrieved from https://ikprress.org/index.php/JGEMBR/article/view/3315

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