Effect of moderating role of entrepreneurial family on new enterprise creation: A study of selected micro firms in Ebonyi State Nigeria
The research was conducted to examine the effect of moderating role of entrepreneurial family background on new enterprise creation: A study of selected micro firms in Ebonyi State, Nigeria. Various items of entrepreneurial family background and new enterprise creation were taken into consideration for measuring their effects and for achieving the objectives of the study. The broad objective of the study was to examine the moderating role of entrepreneurial family background on new enterprise creation. The study adopted the survey design and the population of the study was 140 micro firms in Ebonyi State. A sample of 120 was obtained using convenient sampling technique which was used to select the respondents in the micro firms in Ebonyi State. Data were collected using the questionnaire research instrument which was measured using face validity and a pilot study was carried out to test the reliability of the instrument. Descriptive statistics data analysis method was applied to analyses data aided by Statistical Package for Social Sciences (SPSS) to compute responses frequencies, percentage mean and standard deviation results. Finally regression model was employed to establish the significance of the independent variables on the dependent variable. The findings were presented using tables. The findings showed that family background on entrepreneurial knowledge has significant effect in creating new ventures. Education on entrepreneurial knowledge significantly affects new venture creation; Family background significantly promotes entrepreneurial skill acquisition in new enterprise creation. The study recommended that different strategies within educational policies should be applied concerning young people who do not have contact with entrepreneurship within the family and the immediate social environment.
Keywords: Entreprenuerial family background, Enterprise creation and Micro firms
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