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Family Legacy and Female Entrepreneurs: Insights from Nigeria

Singh, Satwinder and Mordi , Chima and Moses, Chinonye, Love (2010) Family Legacy and Female Entrepreneurs: Insights from Nigeria. International Journal of Management Practice, 4 (3). pp. 273-292. ISSN 1741-8143

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Abstract

Analysis based on primary data shows that Female Entrepreneurs (FEs) from self-employed parental households display taste for risk-taking and selecting businesses in which risk factors areconsidered to be higher as well. They are also of a competitive nature, holding the belief that they have the requisite skills for their chosen businesses and that they would still be in such a position even if they were not making enough profit. Their decision to be in business is based on clever judgement and reading of the market, and accordingly making the first move. FEs do so to have a sense of self-independence and achievement, to earn extra income and to build equity for retirement. The family legacy factor is considered significant, as many seem to choose the business owing to the fact that not only it is peculiar to their family, but also because it will enable them to be involved in the family decision making process.

Item Type: Article
Uncontrolled Keywords: female entrepreneurs; family legacy; Z-statistic; zero-order correlations; logistic regressions
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Solomon Bayoko
Date Deposited: 08 May 2014 12:28
Last Modified: 19 Feb 2016 08:49
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2560

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