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Stumbling Block for Women Entrepreneurship in Nigeria: How Risk Attitude and Lack of Capital Mitigates their Need for Business Expansion

Authored by: Abubakar S. Garba

Categories: Statebuilding
Sub-Categories: Economic Participation, Economic Recovery, Human Development, Political Transitions
Country: Nigeria
Region: Sub-Saharan Africa
Year: 2011
Citation: Garba, Abubakar S. "Stumbling Block for Women Entrepreneurship in Nigeria: How Risk Attitude and Lack of Capital Mitigates their Need for Business Expansion." European Journal of Economics, Finance and Administrative Sciences 36 (2011): 38-49.

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Executive Summary

The role of women entrepreneurs in economic development has been an interesting theme among researchers and academics. In any attempt to integrate women intodevelopment issue special attention should be given to study their economic contributionsas well as problems hinder their business development. Generally women entrepreneurs suffer a lot of set back and constraints in exploiting their potentials unlike their men counterpart. There is a wide range of factors responsible for limiting the progress of women entrepreneurs. They are affected in one way or the other by these factors and they continue to be a major challenge generally for women entrepreneurship. The aim of this paper is to examine the influence of women entrepreneurial attitude toward risk and lack of capital on their need for business expansion. A survey was conducted using 30 samples of women entrepreneurs within Kano metropolis. The result reveals that the need for business expansion is correlated with entrepreneurs’ risk attitude and lack of capital. The risk attitude is positively affects need for business expansion while lack of capital affects entrepreneurs’ need for business expansion negatively. The implication of this paper does not only pertains to identifying how these factors influence women entrepreneurship and business expansion but it opens another window and serves as springboard for prospective researchers to study the unique problem of women entrepreneurs in different environment rather than considering the problem as a universal one.