Determinants of return on investment and entrepreneurship development among food-based entrepreneurs in Aba Metropolis of Abia State, Nigeria
The study analysed the determinants of return on investment and entrepreneurship development of 110 food-based entrepreneurs in Aba metropolis of Abia state, Nigeria. The specific objectives included: to analyse the features of the food-based firms and the socio-economic characteristics of the agro-based entrepreneurs; ascertain the relationship between return on investment, asset size and entrepreneurship development; determine the factors that affect return on investment, asset size and entrepreneurship development. Simple descriptive statistics, Pearson correlation and multiple and probit regression analytical tools were employed to analyse the data obtained. Findings showed that many of the food-based firms in Aba metropolis were small and medium enterprises following the assertion of the National Policy on Micro, Small, and Medium Scale Enterprises (MSMEs) by Central Bank of Nigeria. The results also revealed that there is a significant and positive relationship between return on investment, asset size and entrepreneurship development. The study further revealed that sex, experience, educational attainment, finance, technology, taxation, infrastructure, location, return on investment and asset size are significant factors that affect entrepreneurship development. The study therefore recommends that a strategic action plan be adopted to address these key constraints confronting agro-based entrepreneurs and also to enhance returns on investment and efficient entrepreneurship development.
Keywords: Return on Investment, Asset Size and Entrepreneurship development
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