期刊名称:Petroleum-Gas University of Ploiesti Bulletin : Economic Sciences Series
印刷版ISSN:2284-8576
电子版ISSN:2247-8582
出版年度:2019
期号:3
语种:English
出版社:Petroleum-Gas University of Ploiesti
摘要:This study thus focused on the entrepreneurial potential and financial performance of cashew processors in Kogi State.The study used a research survey design,and was conducted on Cashew Processors in Kogi State.Purposive sampling was adopted and 300 cashew processors were selected in Kogi State.Questionnaire was used and the reliability of the instrument was established through the Cronbach Coefficient alpha (α).The results of reliability test for the constructs are adequate sophisticated technology (α = 0.808);adequate capital (α = 0.888);infrastructure inadequacy (α = 0.745);availability of adequate information (α = 0.708);and inadequate support or motivation from government (α = 0.721).Data were gathered and analyzed using Descriptive Statistics,Principal Component and Probit regression analysis.Findings show that unavailability of adequate information,inadequate sophisticated technology and infrastructure inadequacy are prime constraints on the conversion of the entrepreneurial potential of cashew processors in Kogi State;while inadequate capital and inadequate sophisticated technology are significantly inverse on the financial performance of cashew processors in Kogi State.The study concluded that if cashew processors are supported to prevent the constraints,the economy of Kogi State is likely to benefit in the area of job creation and poverty reduction.This study therefore recommended that the government and other economic stakeholders should support cashew processors in the aspects of capital adequacy,sophisticated technology and infrastructure adequacy so that their entrepreneurial potentials can be utilized.