Determinants of return on investment and entrepreneurship development among food-based entrepreneurs in Aba Metropolis of Abia State, Nigeria
Abstract
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
NAJ supports free online communication and exchange of knowledge as the most effective way of ensuring that the fruits of research and development practice are made widely available. It is therefore committed to open access, which, for authors, enables the widest possible dissemination of their findings and, for readers, increases their ability to discover pertinent information. The Journal adopts and uses the CC: BY license and is open access. This license lets others distribute, remix, adapt, and build upon your work, even commercially, as long as they credit you for the original creation. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the Journal’s published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work. Copyright for articles published in this Journal is retained by the Journal.
