The moderating effect of attitude to risk on the role of microfinance in entrepreneurship development in Uttarakhand region, India

Richa Agarwal () and Ashok Kumar Pokhriyal ()
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Richa Agarwal: Hemvati Nandan Bahuguna Garhwal University
Ashok Kumar Pokhriyal: Hemvati Nandan Bahuguna Garhwal University

Journal of Global Entrepreneurship Research, 2022, vol. 12, issue 1, 107-117

Abstract: Abstract The purpose of the study is to examine the role of microfinance in entrepreneurship development. This paper also measures the moderating effect of attitude to risk on microfinance and entrepreneurship development. A total of 350 entrepreneurs were surveyed from the manufacturing and service sectors with the help of convenience sampling method. Further, the confirmatory factor analysis (CFA) assessed the constructs’ reliability and validity. The structural equation modelling technique was used to testify the proposed hypotheses in the study between microfinance and sustainable growth of entrepreneurship, which was found positively significant. Second, a moderating variable, namely attitude to risk, partially influenced the relationship between microfinance and entrepreneurship development. The study inferred that there is a strong need for a collaborative approach to enhance the impact of government initiatives in entrepreneurship development; thus, it will increase the sustainable growth of entrepreneurship and helps to scale up their business entity.

Keywords: Microfinance; Entrepreneurship development; Attitude to risk; Moderating effect; Prime Minister Employment Generation Programme (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s40497-022-00317-1

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