Entrepreneurial Growth Research Articles

Development of the Region’s Creative Network Within the Framework of the Ecosystem Approach

The relevance of this study lies in the necessity to discover methods for fostering entrepreneurial growth in regional contexts, operating within a particular framework. One example of such a business organization is the complex of creative industries, in which the relationship between companies that form a creative product and promote its dissemination is based on sustainable networking. The purpose of the article is to study the dependence of the development of nodes and the tightness of communication of the creative network, as well as factors stimulating the development of creative industries in regional localisation. The research methodology is based on the principles of the theory of regional ecosystems. Methods of the study are statistical data processing, comparative and correlation analysis. As a recommendation, it is noted that the use of an ecosystem approach in developing a mechanism for the development of a creative network requires additional justification for the list of results of the development of a creative network in regional localization with a detailed description of the effects received by the population of the region, government bodies, municipalities and other stakeholders.

Leveraging public awareness and behavioural change for entrepreneurial waste management

This article takes us into the world of municipal solid waste entrepreneurs, revealing how public awareness campaigns and behavioural change efforts intertwine with entrepreneurial endeavours. Through conversations with 11 key participants—entrepreneurs from four geopolitical zones of Nigeria and a senior management figure from the Lagos State Waste Management Authority—I hear firsthand accounts of the challenges they face and their strategies to transform waste into opportunity. Guided by the theory of planned behaviour, this study sheds light on how these entrepreneurs perceive the role of public awareness in shaping waste management behaviour and driving business innovation. From their stories, a common theme emerges: the need to educate the public about responsible waste practices while developing creative business models that engage communities. Concepts like “freemium-to-premium” offerings are explored as ways to break through psychological barriers and inspire wider participation in waste management initiatives. These voices illustrate how awareness campaigns are not only about fostering environmental responsibility, but also about creating pathways for entrepreneurial growth, ultimately contributing to a more sustainable and circular economy. This study contends that public awareness extends beyond mere knowledge; it acts as a form of infrastructure in its own right. Rather than being just an end goal, awareness becomes a vital foundation in the pursuit of improved waste management practices, serving as a key driver for meaningful environmental action.

Women’s Entrepreneurship for Poverty Alleviation: Impact of Mission Shakti in Odisha, India

The study analyzes the impact of women’s entrepreneurial efforts on rural poverty (RP) reduction across two resource-scarce regions of Odisha, India. Its main objectives are creating creative home-based ventures (HBVs) and long-term RP solutions. The analysis assesses how home-based entrepreneurs’ sociocultural, economic and educational backgrounds affect the development of HBVs and the mitigation of RP. A women-led project in Odisha called Mission Shakti uses self-help groups and business ventures to empower women. The original data was gathered from 363 respondents in Odisha who were members of the Mission Shakti group. Structural equation modelling (SEM) was applied to investigate the correlations between the constructs, and AMOS (Analysis of Moment Structures 21.0) and SPSS (Statistical Package for the Social Sciences 20.0) were used for the analysis. The findings indicate that RP alleviation through Mission Shakti in Odisha and entrepreneurship have a statistically significant and favourable relationship. The additional findings of the study demonstrate that respondents’ sociocultural capabilities, rather than their educational and economic backgrounds, have a considerable and favourable influence on the expansion of their home-based enterprises and that the improvement of RP alleviation is more positively impacted by the qualitative growth of entrepreneurship than by the numeric growth. The study’s concentration on woman entrepreneurs in Mission Shakti’s rural Khordha and Angul areas is one of its limitations. It is possible to carry out comparable research in other Indian areas where the rural populace is significantly deprived. Policymakers in rural Odisha should consider the findings to address targeted RP. Thus, this report recommends that home-based businesses in rural Odisha should actively explore entrepreneurship to reduce poverty. Additionally, the study offers a helpful lesson to different parties involved in programs to reduce poverty in other developing nations. The integration of capacity theory and SEM in the setting of a rising economy such as Odisha, India, contributes to the body of knowledge in this research regarding the relationship linking entrepreneurship and the alleviation of RP.

Ease of Doing Business and Entrepreneurial Growth in the Face of Global Economic Policy Uncertainty

This study investigates the impact of ease of doing business on entrepreneurial growth in Nigeria from 2010 to 2023, particularly in the context of global economic policy uncertainty. Using data from the Global Entrepreneurship Monitor and the World Development Indicator, the study applies an Autoregressive Distributed Lag (ARDL) model to analyze the relationship between ease of doing business factors, such as access to credit, contract enforcement, and regulation, and entrepreneurial activity. The findings show that while improvements in the business environment significantly foster entrepreneurship, economic uncertainty hampers its growth. The study recommends that Nigeria should enhance its business environment and create safety nets to mitigate the adverse effects of global economic uncertainties. These insights are valuable for policymakers aiming to promote entrepreneurship and economic resilience in developing countries.

Unlocking pathways to public welfare: Bridging Sen’s capability and theory of planned behavior approaches through entrepreneurial behavior in Timor-Leste

This study aims to investigate the mediating effects of behavioral and entrepreneurial intentions on the relationship between the capabilities approach encompassing education, economic, and socio-cultural factors and the Theory of Planned Behavior (TPB), which includes attitude, perceived behavioral control, and subjective norm, in relation to public welfare in Timor-Leste. Utilizing a Structural Equation Modeling (SEM) approach with AMOS 24.0, the research examines the interconnections among constructs relevant to entrepreneurship, focusing on educational, economic, and socio-cultural capabilities alongside TPB dimensions. The findings reveal that socio-cultural capabilities significantly influence entrepreneurial growth and public welfare, with behavioral mediation and entrepreneurial intention playing key roles in clarifying these relationships. These insights suggest that entrepreneurship is vital for enhancing public welfare in Timor-Leste, guided by the capability model and TPB approach. The results can inform the development of more effective policies to support entrepreneurship as a means of improving public welfare. Ultimately, this study enriches the literature on the interplay between entrepreneurship, capability factors, and public welfare in Timor-Leste, providing a foundation for development strategies in similar contexts.

Resilience and Sustainability of Muslim Entrepreneurs of Gen Z In Era 5.0: A Conceptual Approach

This study investigates how digital innovation and green marketing contribute to the resilience and sustainability of Muslim Generation Z entrepreneurship. Gen Z, known for its strong affinity for technology, utilizes digital platforms such as social media and e-commerce to develop businesses with relatively low capital, making it an ideal environment for entrepreneurial growth. For Muslim Gen Z entrepreneurs, integrating Islamic values like honesty, social responsibility, and business ethics into their ventures is essential for business practices. The study aims to explore the impact of digital entrepreneurship and green marketing on the resilience of Muslim Gen Z entrepreneurs and identify the factors influencing their sustainability. The research employs a conceptual approach, analyzing secondary data and existing literature on digital entrepreneurship, green marketing, and Islamic business ethics. Findings indicate that leveraging digital technology enhances the ability of Muslim Gen Z entrepreneurs to adapt to market changes, increase competitiveness, and operate sustainably. Green marketing, in particular, aligns with Islamic principles of environmental responsibility, attracting environmentally conscious consumers and building stronger brand loyalty. This study highlights how these entrepreneurs can integrate ethical practices with innovative strategies to build resilient and sustainable businesses in the digital era. The research underscores the need for further empirical studies to examine the practical application of Islamic values and digital innovation across various regions and how these factors interact with local entrepreneurial ecosystems.

Family, Friends, and Financial Know-How: Influences on Students' Intentions to Pursue Entrepreneurship, with the Moderating Role of Self-Efficacy

<p>ABSTRACT</p><p>The decline in unemployment rates in Indonesia is a major focus of the government, with entrepreneurship considered a potential solution. This study aims to examine the influence of family economic education, peer groups, economic literacy, and self-efficacy on students' entrepreneurial intentions. The research adopts a quantitative approach, utilizing a survey method with a Likert scale distributed to 292 students actively enrolled in universities in the Greater Jakarta area (Jabodetabek). Data analysis was conducted using <em>Partial Least Square Structural Equation Modeling</em> (PLS-SEM). The results indicate that family economic education and peer groups have a positive and significant effect on economic literacy and entrepreneurial intentions. Economic literacy was found to mediate the influence of family economic education and peer groups on entrepreneurial intentions. Furthermore, self-efficacy moderates the relationship between economic literacy and entrepreneurial intentions, enhancing the impact of economic literacy on entrepreneurial intentions when self-efficacy is high.</p><p>This research offers valuable insights for developing entrepreneurship education programs that involve families and create positive peer interactions among students. It suggests the need for educational institutions to integrate family-based economic education workshops and seminars, as well as establish entrepreneurship clubs and networking events to foster a conducive environment for entrepreneurial growth. Strengthening self-efficacy through personal development programs is also recommended to ensure that students can effectively apply their economic literacy in entrepreneurial contexts. These combined efforts can significantly enhance entrepreneurial intentions among students, contributing to reducing unemployment rates and promoting economic growth in Indonesia.</p>

THE EFFECT OF THE SHADOW ECONOMY AND ECONOMIC FREEDOM ON ENTREPRENEURSHIP: AN EMPIRICAL STUDY IN ASIAN COUNTRIES

This study examines the effect of the shadow economy, economic freedom and other macroeconomic factors on formal entrepreneurship in Asian countries. The dataset encompasses 28 countries over the period from 1995 to 2018. The Fixed Effect Model (FEM) and Generalized Least Squares (GLS) methodologies are employed for regression analysis. The results indicate a nonlinear relationship between the shadow economy and formal entrepreneurship. Economic freedom, particularly trade freedom, significantly enhances entrepreneurship. Positive macroeconomic influences on formal entrepreneurship include financial development, political stability, GDP per capita growth and foreign direct investment net inflows, while government spending and unemployment negatively affect entrepreneurship. The findings suggest that a substantial shadow economy does not inherently impede formal entrepreneurship. Consequently, governments should prudently consider the role of the shadow economy in fostering entrepreneurial growth. Moreover, policies aimed at improving economic freedom, especially trade freedom, can create a conducive environment for boosting formal entrepreneurship.

Navigating the digital shift: Exploring the online dimension in entrepreneurial ecosystems

ABSTRACT This study explores the increasingly important online dimension of entrepreneurial ecosystems (EEs), an area that has received little research attention despite its increasing relevance in today’s digital world. Focusing on the context of a university incubator, we aim to understand how integrating online elements into entrepreneurship support affects new venture development. Through semistructured interviews with entrepreneurs, our findings indicate that online elements facilitate access to vital resources and networks, yet they can also create new challenges related to diminished interpersonal interactions. This research provides insights for practitioners and policy makers, suggesting that effective support for entrepreneurship should balance online engagement with opportunities for personal connection. This study extends the discussion on the virtualization and digitalization of EEs and its implications for fostering entrepreneurial growth and ecosystem resilience.

Bibliometric Analysis of the Growth and Challenges of Digital Entrepreneurship

This paper presents a bibliometric analysis of the growth and challenges in digital entrepreneurship, synthesizing key findings from influential research in the field. The analysis identifies major trends such as the integration of digital technologies in entrepreneurship education, the critical role of big data, and the transformation of innovation processes. It highlights how entrepreneurial ecosystems and financial innovations, such as microfinance and crowdfunding, have enabled broader access to resources for digital entrepreneurs, particularly small and medium enterprises (SMEs). Emerging themes, including social entrepreneurship, gender inclusivity, and the use of digital platforms by women entrepreneurs, reveal the shifting focus toward more inclusive and socially responsible business models. The study concludes by discussing the dynamic nature of digital entrepreneurship and the importance of developing supportive ecosystems to address the ongoing challenges of digital transformation and global competition.

Empowering Innovators: Accelerating Entrepreneurial Growth Through the Mudra Scheme

India is a developing country with a large population and ranks eighth in terms of size. Its vast population indicates a sizable potential market and highlights the increasing need for employment. In the current decade, India is making significant strides toward implementing laws that encourage start-ups and create a business-friendly environment. Globalization and technological advancements have fostered a competitive atmosphere that necessitates the development of innovative systems. As competition grows, more people are recognizing the benefits of self-employment. In India, entrepreneurship has the potential to serve as a solution for urgent issues such as homelessness and unemployment. In light of these benefits, the government has periodically launched several initiatives to support the growth of entrepreneurship in the country. These initiatives include industrial policies, five-year plans that prioritize the development of the small-scale sector, the creation of Special Economic Zones (SEZs), the establishment of institutions dedicated to entrepreneurship, the organization of Entrepreneurship Development Programs (EDPs), and other government initiatives. Currently, there are fewer job opportunities in India's public and large-scale industries. However, globalization has created numerous opportunities that are waiting to be seized. Entrepreneurs in India could potentially propel the country to the brink of becoming an economic superpower. This paper provides an overview of the government scheme, namely the Pradhan Mantri Mudra Yojana (PMMY), aimed at promoting new-generation entrepreneurs in India.

The role of technological incubators in fostering entrepreneurial growth: the case of Egyptian universities and research centres

The role of technological incubators in fostering entrepreneurial growth: the case of Egyptian universities and research centres

The impact of the digital economy on industrial structure upgrading and sustainable entrepreneurial growth

The impact of the digital economy on industrial structure upgrading and sustainable entrepreneurial growth

The impact of the digital economy on industrial structure upgrading and sustainable entrepreneurial growth

The impact of the digital economy on industrial structure upgrading and sustainable entrepreneurial growth

Entrepreneur’s View on business Challenges in Disentangle Regional Capital City: Evidence from Far Western Nepal

Background: Entrepreneurship plays a vital role in economic development by driving innovation and creating employment opportunities. However, entrepreneurs in Nepal, particularly in Far Western regions like Doti, face significant challenges that may hinder both entrepreneurial growth and the overall economic development of the region. Objective: This study aims to explore the challenges faced by entrepreneurs in Doti, in starting and sustaining new ventures. It seeks to understand the key obstacles that affect business growth and provide insights for improving the entrepreneurial ecosystem in the region. Method: A convenient sampling method was used to select 280 entrepreneurs from Doti. Data were collected using a structured questionnaire, designed and administered through KOBO. A pre-test was conducted with 5% of the sample to refine the instrument. The study employed descriptive statistics to analyze the data and identify the major challenges faced by entrepreneurs. Result: The findings reveal that more than half of the respondents in Doti faced significant entrepreneurial challenges. The most prevalent issues included changes in regional capital, lack of financial resources, insufficient innovation, a limited market size, and political instability. These challenges were found to severely impact the growth and sustainability of businesses in the region. Conclusion: The study highlights the pressing need for strengthened entrepreneurial policies, increased government support, promotion of technology and innovation, and better management of business resources in Doti. Addressing these challenges is essential to fostering a conducive environment for entrepreneurship and unlocking the economic potential of Far Western Nepal. Paper Types: Research Paper Keywords: Entrepreneurship, business challenges, Economic Development, Far Western Nepal JEL Classification: L26, O18, R11

Problems and Challenges of Women Entrepreneurs

Entrepreneurship serves as a catalyst of economic development of the country. It is one of the largest sections for capital accumulation. In fact economic growth is the result of the efforts taken by the entrepreneurs. The entrepreneurs play an important role in the economic and social development of the nation. Women entrepreneurs are also giving a partial role in this field. Now a day, society gives a better socio economic status to women. The State and Central Government has been introduced various schemes and empowerment programs to promote them to sustain in good working conditions of women enterprise. At present, the number of women entrepreneurs in Tamilnadu is low. If the Government takes necessary promotional measures, the number will rise into an indefinite in future and they can contribute much for the entrepreneurial growth of Tamilnadu. Mostly the women are producing home need items, and this type of essentials & food items. These opportunities can be further applied for the growth of Tamilnadu’s entrepreneurship and the future of women entrepreneur will be an asset for the growth of our state. This study helps to find out the various problems faced by women Entrepreneurs in Coimbatore District. The details are directly collected from women entrepreneurs to observe their problems.

Rural Government Cooperation Intensity and Leadership in Fostering the Innovation Capabilities of Rural Microbusinesses

Introduction: The growth of rural entrepreneurship significantly impacts economic growth and the well-being of rural communities. Background Problem: Innovation is crucial for entrepreneurs' success, with rural government playing a pivotal role in rural societies. Novelty: This study overviews the role of rural government in fostering entrepreneurial innovation, focusing on inter-organizational collaboration and the village head's leadership style. Research Method: Employing a quantitative survey methodology, the study undertook direct surveys of 300 rural micro- and small-scale entrepreneurs from diverse industries in Indonesia. A simple random sampling technique was used to ensure a representative sample of the population. Data were analyzed using Structural Equation Modeling—Partial Least Squares. Findings: The analysis reveals that rural government cooperation and transformative leadership positively influence entrepreneurs' perceptions of organiza­tional support. In turn, perceived organizational support significantly impacts the desire for knowledge sharing and innovation capability enhancement. This study diverges from previous research by examining the mediating roles of knowledge sharing and perceived organizational support in innovation capability enhancement. It confirms that perceived organizational support is a vital mediator in the relationship between government cooperation intensity, transformational leadership, and innovation capability. Conclusions: The findings underscore the need for rural governments to practice effective cooperation and leadership and provide consistent support. Such strategies facilitate a supportive environ­ment that fosters knowledge sharing and significantly boosts rural entrepreneurs' innovation capabilities.

Microentrepreneurs in the gig economy: who they are, what they do, and why they do it

PurposeGig microentrepreneurs are individuals who have embraced short-term gigs as an entrepreneurial agency for both financial and social livelihood. Based on surveys in 2020 and 2023, the research reported here presents a comprehensive, empirical portrait of two cohorts of gig microentrepreneurs. This portrait captures the similarities and differences of gig microentrepreneurs in terms of offline and online business models and the nature of gig work. Recognizing that there is not a “typical” gig microentrepreneur will help ensure that this gig business model continues to evolve without boundaries in terms of demographics, motivations and behavior and will enable marketing and entrepreneurship scholars to better assist in entrepreneurial growth and development. The purpose of this paper is to gain a better understanding of the gig microentrepreneur regardless of the nature of the gig work.Design/methodology/approachThe research involved two separate surveys in the USA. The first survey took place in July 2020, and the second survey took place in April 2023 after major changes had taken place in the economy and in society (e.g. the COVID pandemic). Both surveys used samples generated by Dynata, an online consumer panel company with access to more than 70 million consumers worldwide who have agreed to participate as panel members.FindingsThe surveys provided answers to questions about the demographic and behavioral aspects of gig microentrepreneurs, including who they are, the number and type of gig activities in which they participate, the financial livelihood generated from gig income, the social livelihood inherent in gig work and dissatisfaction with being a microentrepreneur in the gig economy. These findings produced insights into why individuals engage in gig activities and the positive and negative impacts of that engagement. Based on the findings, nuances and trends within the gig economy and among gig microentrepreneurs are identified and discussed.Research limitations/implicationsThe research limitations include lack of generalizability outside of the USA, use of panel data and survivor bias.Practical implicationsConsumers, gig microentrepreneurs, companies and government agencies can benefit from the growth in the gig economy. The vast array of gig activities in which gig microentrepreneurs engage clearly shows the need for an on-demand workforce. There are both economic and societal benefits to having a labor-force that can meet a breadth of demands with varying timeframes.Social implicationsWhether gig microentrepreneurs are engaging in gig work to augment their income because of economic insecurity or for intrinsic reasons, the motivations and behaviors of the gig microentrepreneurs are indicative of the talent and resources needed to keep the US economy moving forward positively.Originality/valueAs noted by several scholars conducting research on the gig economy, little is known about gig microentrepreneurs – who they are, what they do and why they do it. Current research on the gig economy tends to focus on online platform companies. This research offers an exploratory look at microentrepreneurs who engage in gig activities both online and offline without geographic or technological boundaries.

Climate finance spillovers and entrepreneurship in developing countries

AbstractResearch SummaryWe conduct a multicountry analysis and show that there is a strong and significant positive relationship between climate finance and entrepreneurship, even after controlling for conventional macroeconomic and institutional factors commonly reported in the literature. Specifically, a 10% increase in climate finance is linked with a 2% increase in entrepreneurial activity across most countries. There are important heterogeneities in this nexus as it relates to fossil fuel exporting countries—the main “losers” from a global move away from fossil fuels. We find that although fossil fuel exporting countries exhibit notably faster rates of entrepreneurship growth, the interaction with climate finance in these countries is negatively related to entrepreneurial activity. This finding holds across different types of climate finance—adaptation and mitigation—highlighting its robustness.Managerial SummaryIt is often suggested that more finance will lead to more entrepreneurship. We conduct a multicountry analysis and add nuance to this notion. We find that although there is a strong and significant positive relationship between climate finance and entrepreneurship in most countries, this is not always true for fossil fuel exporting countries. Fossil fuel exporting countries, despite experiencing faster entrepreneurial growth, exhibit a negative interaction between climate finance and entrepreneurship. For managerial practice, these results emphasize the importance of targeted strategies in deploying climate finance. Policymakers and investors should consider nuanced approaches that address the specific economic dependencies and regulatory environments of fossil fuel exporting countries.

The Role of the Igbo Apprenticeship System in Entrepreneurship Development in Nigeria

The growth of entrepreneurship is vital for Nigeria's economic development, with Small and Medium-scale Enterprises (SMEs) playing a key role. This study examines the impact of the Igbo Apprenticeship System on entrepreneurship development and youth employment in Nigeria. Through semi-structured interviews with 50 Igbo business owners at Dugbe market in Ibadan, Oyo State, a significant market in South-Western Nigeria, the research highlights the system's role in establishing small businesses and imparting entrepreneurial skills to apprentices. The study confirms that the apprenticeship system is well-established within the community, with all respondents familiar with it. It highlights the system's critical role in entrepreneurship development in Nigeria, noting that 98% of respondents have participated in the system, and over 60% have sustained their businesses for more than ten years. The system also positively impacts youth employment by providing young people with the skills necessary to start and run their own businesses. However, it shows limited success in empowering females, and challenges such as financial settlement issues and a hostile work environment persist. The study recommends restructuring the system to shift from an individualistic focus to one that promotes teamwork, collaboration, and mutual support, with a particular emphasis on enhancing inclusivity for women.