Fostering Entrepreneurial Growth: The Impact of Institutional Credits

Dr. Md. Anowar Hossain, Brazendra Nath Roy, Md. Ali Hasan and Md. Shahadat Hossain
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Dr. Md. Anowar Hossain: Assistant Professor, Department of Business Administration, Bangladesh Army University of Science and Technology, Saidpur, Bangladesh.
Brazendra Nath Roy: Assistant Professor, Department of Business Administration, Pundra University of Science and Technology, Bogura, Bangladesh.
Md. Ali Hasan: Assistant Professor, Department of Business Administration, Pundra University of Science and Technology, Bogura, Bangladesh.
Md. Shahadat Hossain: Lecturer, Department of Business Administration, Bangladesh Army University of Science and Technology, Saidpur, Bangladesh.

International Journal of Science and Business, 2024, vol. 32, issue 1, 65-73

Abstract: This study is an attempt to find the role played by institutional credit for entrepreneurial growth in Bangladesh. Study is forwarded with 261 actual entrepreneurs selected on purposive convenience simple sampling method. Collected data is analyzed using SPSS 18 and the result is depicted through descriptive tools and Pearson correlations. The study found positive impact of institutional credit support to entrepreneurship development. The study covers actual data from entrepreneurs and analyzed data irrespective of gender and difference of geographical diversity. Amount of credit or portion of credit in total capital have influence on the profitability and the study suggest a ceiling on using credit for entrepreneurial profit. Still fostering of entrepreneurial development may further be triggered by monitoring of credit activities by financial institutions. This study infers some useful insights for potential entrepreneurs, management of credit institutions and policy maker including future researchers. The study is concluded suggesting efficient monitoring of credit activities by financial institutions that can be ensured by concerned authority.

Keywords: Entrepreneurship; Institutional Credit; Entrepreneur; Development; Debt Capital Management; Reactiveness (search for similar items in EconPapers)
Date: 2024
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