EconPapers    
Economics at your fingertips  
 

ACADEMIC ENTREPRENEURSHIP AND ENTREPRENERIAL DEVELOPMENT IN NIGERIA: MYTH OR REALITY?

Sulaimon Abdul-Hameed Adeola, Adebiyi Sulaimon Olanrewaju and Amole Bilqis Bolanle
Additional contact information
Sulaimon Abdul-Hameed Adeola: University of Lagos
Adebiyi Sulaimon Olanrewaju: University of Lagos
Amole Bilqis Bolanle: University of Lagos

Вестник Волгоградского государственного университета. Серия 3: Экономика. Экология, 2016, issue 4 (37), 147-154

Abstract: This paper examines the process of commercializing research output of University staff without violating the extant rules within the system as well as providing practical application of theories. The research also determines the extent to which University staff engages in entrepreneurial activities. A survey research design through convenient sampling technique was adopted for collection of primary data via closed-ended questionnaire administered to University staff across different disciplines in the selected Federal Universities in Nigeria (Obafemi Awolowo University, Ile-Ife; University of Ibadan; University of Lagos). Fifty Academics of senior lecturership status were purposively sampled in these three Universities. The data collected were analysed using descriptive and inferential statistics as appropriate to each of the research objectives. The formulated hypotheses were tested using correlation and regression analysis. It was observed from the results that, there exist a significant positive relationship between main academic responsibilities and entrepreneurial development in Nigeria. The study concluded that, encouraging proper assortment of academic and entrepreneurial activities will increase research driven production and service activities in the country, thereby stimulating more societal beneficial research and reducing unemployment in the long-run. The study therefore, recommends policy option for the encouragement of research output(s) commercialization which will ensure harmonious town and gown relationship, consequently, harnessing the full potentials of good research outputs from academics. In addition, there is need for more incubation centers across the Universities in Nigeria to stimulate nurturing and proper transition of research driven business ideas from the University to the industry.

Keywords: LECTURER; ENTREPRENEUR; ENTREPRENEURIAL ACTIVITIES; NEW VENTURE; UNIVERSITIES; ПРЕПОДАВАТЕЛЬ; ПРЕДПРИНИМАТЕЛЬ; ПРЕДПРИНИМАТЕЛЬСКАЯ ДЕЯТЕЛЬНОСТЬ; НОВОЕ ПРЕДПРИЯТИЕ; УНИВЕРСИТЕТЫ (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://cyberleninka.ru/article/n/academic-entrepre ... eria-myth-or-reality

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:scn:028142:17024480

Access Statistics for this article

More articles in Вестник Волгоградского государственного университета. Серия 3: Экономика. Экология from CyberLeninka, Федеральное государственное бюджетное образовательное учреждение высшего профессионального образования «Волгоградский государственный университет»
Series data maintained by CyberLeninka ().

 
Page updated 2017-09-29
Handle: RePEc:scn:028142:17024480