ENTREPRENEURIAL BEHAVIOUR, CHOICE OF FINANCE AND BUSINESS SIZE IN MAIDUGURI METROPOLIS

Hauwa Aliyu Yamta and Opeyemi Kehinde Akinniyi
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Hauwa Aliyu Yamta: University of Maiduguri, Postal: Department of Banking and Finance,, Faculty of Management Sciences, http://www.icanig.org
Opeyemi Kehinde Akinniyi: University of Maiduguri, Maiduguri, Postal: Department of Accounting, Faculty of Management Sciences, Borno State, http://www.icanig.org

International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), 2020, vol. 09, issue 2, 18-29

Abstract: The main objective of this study is to examine relationships between entrepreneurial behaviour, choice of finance and business size among entrepreneurial businesses in Maiduguri Metropolis, of Borno State. In order to achieve the objective of this study; primary data, gathered using self administered questionnaire was relied upon for obtaining responses on the subject matter. The questionnaire was administered on a sample size of 310 entrepreneurs, drawn from among entrepreneurial business owners in Maiduguri using simple random sampling technique. Combinations of descriptive and inferential statistical tools of analysis were deployed to analyse and test data gathered. Descriptive statistics show that respondents have greater preference for personal savings and profits when making a choice of where to shop for finance to run their business. It was also observed that average size of entrepreneurial business in Maiduguri metropolis is small at (x = 2.5). With regards to entrepreneurial behaviour, risk appetite accounted for 33% while resourcefulness accounted for 55% of observed actions of entrepreneurs in Maiduguri. Inferential statistical analysis was performed by fitting a structural equation model using AMOS statistical package. Standardised values of the model shows that the introduction of choice of finance into the relationship between entrepreneurial behaviour and business size resulted in a negative and significant (â = -0.18; p= 0.009) shift from nonsignificant and negative â=-4.00. Findings of this study provide a premise to conclude that resourcefulness is an important predictor of behaviour of entrepreneurs. In addition, choice of finance moderates the relationship between behaviour of entrepreneurs and business size. The implication of this result is that choice of source of finance has an absolute positive effect on entrepreneurial behaviour. However when preferred choice of financing is personal savings and profit, entrepreneurial behaviour will have a greater negative effect on business size.

Keywords: Entrepreneur; Behaviour; Performance; Business size; Finance; Nigeria (search for similar items in EconPapers)
Date: 2020
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