The Entrepreneur Motivation and Financing Sources
The paper is to examine the influence of business innovation, business expansion, product and service development, working capital, and machinery and equipment requirement on financing choices in the western part of Nigeria. To determine the effect on financing choices, a logistic regression analysi...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2021-01-01
|
| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/7/1/25 |
| _version_ | 1827775936699826176 |
|---|---|
| author | Anthony Abiodun Eniola |
| author_facet | Anthony Abiodun Eniola |
| author_sort | Anthony Abiodun Eniola |
| collection | DOAJ |
| description | The paper is to examine the influence of business innovation, business expansion, product and service development, working capital, and machinery and equipment requirement on financing choices in the western part of Nigeria. To determine the effect on financing choices, a logistic regression analysis was used. The results, in an impressive manner, indicate that entrepreneurs, essentially with working capital (WC), machinery and equipment (ME) requirements, and business innovation (BI), use internal funding sources, while business expansion (BE) and product and service (PS) development lean toward external funding sources, and more established and larger firms utilize debt financing. The approach and experiential findings offer an unprecedented degree of investigation of previous studies of Nigerian entrepreneurs. Similarly, the experimental results will strengthen entrepreneurs’ knowledge, awareness, and perception. Through their own capabilities, entrepreneurs can prepare and adapt in accordance with the business conditions in which they conduct business, and this work may help them in their choice procedure regarding the capital structure of their organization in the midst of a period when the question of entrepreneur funding is gradually emerging in the Nigerian climate. |
| first_indexed | 2024-03-11T13:57:04Z |
| format | Article |
| id | doaj.art-55eda95a4a064e45898f9ba8a778ce45 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-11T13:57:04Z |
| publishDate | 2021-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-55eda95a4a064e45898f9ba8a778ce452023-11-02T06:18:44ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312021-01-017252510.3390/joitmc7010025The Entrepreneur Motivation and Financing SourcesAnthony Abiodun Eniola0Business Studies Department, Landmark University, Omu-Aran 370102, NigeriaThe paper is to examine the influence of business innovation, business expansion, product and service development, working capital, and machinery and equipment requirement on financing choices in the western part of Nigeria. To determine the effect on financing choices, a logistic regression analysis was used. The results, in an impressive manner, indicate that entrepreneurs, essentially with working capital (WC), machinery and equipment (ME) requirements, and business innovation (BI), use internal funding sources, while business expansion (BE) and product and service (PS) development lean toward external funding sources, and more established and larger firms utilize debt financing. The approach and experiential findings offer an unprecedented degree of investigation of previous studies of Nigerian entrepreneurs. Similarly, the experimental results will strengthen entrepreneurs’ knowledge, awareness, and perception. Through their own capabilities, entrepreneurs can prepare and adapt in accordance with the business conditions in which they conduct business, and this work may help them in their choice procedure regarding the capital structure of their organization in the midst of a period when the question of entrepreneur funding is gradually emerging in the Nigerian climate.https://www.mdpi.com/2199-8531/7/1/25business innovationworking capitalfinancing choicesNigeriaentrepreneurresource-based view |
| spellingShingle | Anthony Abiodun Eniola The Entrepreneur Motivation and Financing Sources Journal of Open Innovation: Technology, Market and Complexity business innovation working capital financing choices Nigeria entrepreneur resource-based view |
| title | The Entrepreneur Motivation and Financing Sources |
| title_full | The Entrepreneur Motivation and Financing Sources |
| title_fullStr | The Entrepreneur Motivation and Financing Sources |
| title_full_unstemmed | The Entrepreneur Motivation and Financing Sources |
| title_short | The Entrepreneur Motivation and Financing Sources |
| title_sort | entrepreneur motivation and financing sources |
| topic | business innovation working capital financing choices Nigeria entrepreneur resource-based view |
| url | https://www.mdpi.com/2199-8531/7/1/25 |
| work_keys_str_mv | AT anthonyabioduneniola theentrepreneurmotivationandfinancingsources AT anthonyabioduneniola entrepreneurmotivationandfinancingsources |