Effect Of Entrepreneurial Self-Efficacy On Attitude Of Sme Owners Towards Entrepreneurship In Edo State
Simon Sule Adomokhai
Department of Business Management, University of Calabar.
Juwon Johnson Orugun
Department of Business Administration, Prince Abubakar Audu University, PMB 1008, Anyigba
Ja’afaru Garba Sule
Department of Business Administration, Prince Abubakar Audu University, PMB 1008, Anyigba
Keywords: Entrepreneurial Self-Efficacy, Attitude towards Entrepreneurship, Information Alertness, Financial Management Capability, Innovation Capability
Abstract
This study focused on the effect of entrepreneurial self-efficacy on attitude of SME owners towards entrepreneurship in Edo State. The study took survey research design into account. In Edo State, two-in-one aggregated study groups were found through this research; these are small and medium-sized businesses. Multistage sampling procedure was used for this investigation. The study used a 336-particpants sample size. Both descriptive and inferential analytical techniques were used to analyse the study's data. Multiple regression analysis was used. Findings showed that opportunity identification & creativity, information alertness, planning under uncertainty, financial management capability, marketing ability, managerial competence, innovation capability and risk-taking capability have positive linear relationship with the attitude of SME Owners towards entrepreneurship in Edo State. The study concluded that self-efficacy has a massive effect on SME owners' attitudes toward entrepreneurship. The study recommended that the government and policy makers should invest largely towards increasing the entrepreneurial self-efficacy of SME Owners; as this will translate into the development of favourale entrepreneurial attitude in Edo State.