Browsing by Author "Kappe, Peter Maman"

Now showing 1 - 1 of 1
  • Thumbnail Image
    ItemOpen Access
    EFFECT OF ENTREPRENEURIAL FINANCE ON AGRIBUSINESSES GROWTH IN ANKPA LOCAL GOVERNMENT, KOGI STATE
    (Department of Business Administration, Nasarawa State University Keffi, 2023-07-20) Kappe, Peter Maman; Barnabas, Barde E.; Adigizey, John Dollay
    Agriculture has historically been the backbone of Nigeria's economy, and with the rise of entrepreneurship, then is great potential for the growth of a gribusiness. Access to financial resources is essential for the success of entrepreneurial ventures but in Ankpa Local Government, Kogi State, if has been observed that lack of entrepreneurial finance has slowed down the growth agribusinesses. This survey research therefore, aims to explore the effect of entrepreneurial finance on agribusiness growth in Ankpa Local Government. The study includes 274 agribusinesses that have been operating for at least ten years out of a total of 875 registered agribusinesses in the area. Primary data was collected using a structured questionnaire distributed electronically, resulting in 247 usable responses, which were analysed using the Partial Least Squares Structural Equation Model The findings reveal that Equityfinance, Debtfinance, Venturefinance, andAngelinvestment allhave a positive impact on agribusiness growth in the region. However, it is worth noting that Equity finance showed a negative beta coefficient (-0.631), indicating that it might not be the most suitable form of entrepreneurial finance for agribusinesses in the area. This study establishes that entrepreneurial finance significantly affects agribusiness growth in Ankpa Local Government, based on these findings, it is recommended that agribusinesses in the region should establish a system to monitor and evaluate the effect of all variables on their growth.