Abstract:
The purpose of this research work is to explain the drivers of early stage entrepreneurship in factor driven
economies and how are these affected by several cognitive and social capital factors. This study covers
literature on several driving factors of entrepreneurial activity, trying to formulate a framework of
determinants of early stage agricultural entrepreneurial activity. For this purpose, the adult population
survey (APS), 2013 data of factor driven economies published by GEM (Global Entrepreneurship Monitor)
has been used. The selected respondents (848) include those individuals who, alone or with other individuals,
presently involved in venture creation, including any self-employment or selling any goods or services to
others in agricultural sector. The impact of cognitive and social capital factors on early stage entrepreneurial
activity is measured using logistic regression. The findings suggest that its opportunity perception and selfefficacy
who are the major motivators of early stage entrepreneurship in developing nations. Also, there is
gender biasness and ageing negativity with respect to new agri-business creation in developing countries. The
policymakers are advised to promote motivational talks by successful entrepreneurs, motivating the budding
entrepreneurs and making others understand the positives of new venture creation. This study is one of its
kind conducted on agricultural entrepreneurship contributing the existing literature by explaining the impact
of cognitive and social capital factors on early stage agri-preneurship in factor driven economies.
Description:
Thirteenth Biennial Conference on Entrepreneurship/ Edited by Sasi Misra, Sunil Shukla, Ganapathi Batthini
