Year: 2024
Type: article
Abstract: The study aims to examine the impact of entrepreneurial development on job creation in Benin City. Existing studies have not extensively examined the issue at the state level especially in Benin City Edo State. It focuses on Benin City, the capital of Edo State, as a case study. The study employs survey research design and utilizes the Ordinary Least Squares (OLS) regression technique. The key findings were: The model explains a significant portion (94.2%) of the variations in job creation over the study period. Risk-taking has a negative and significant impact on job creation. This suggests that excessive risk-taking might hinder job creation. Entrepreneurial initiative has a positive and significant impact on job creation. This highlights the importance of fostering initiative among aspiring entrepreneurs. Entrepreneurial experience has a positive but statistically insignificant impact on job creation. The study recommends focusing on policies and initiatives that promote entrepreneurial initiative rather than risk-taking to enhance job creation in Nigeria. Additionally, further research is needed to understand why experience has a non-significant impact on job creation.
Authors: OGUH, Festus A. (Ph.D), IRIOGBE, Cynthia Bose
Institution: Wellspring University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6911898459
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