Working Paper Article Version 1 This version is not peer-reviewed

Entrepreneurial Motivation and Financing Choices

Version 1 : Received: 4 November 2020 / Approved: 6 November 2020 / Online: 6 November 2020 (17:14:45 CET)

How to cite: Eniola, A.A. Entrepreneurial Motivation and Financing Choices. Preprints 2020, 2020110254 Eniola, A.A. Entrepreneurial Motivation and Financing Choices. Preprints 2020, 2020110254


The paper is to examine the influence of business innovation, business expansion, product and service development, working capital, machinery and equipment on financing choices in the western part of Nigeria. To determine the effect on financing choices, a logistic regression analysis was used. The results in an impressive manner indicate that entrepreneur, essentially with working capital (WC), machinery and equipment (ME) requirement and business innovation (BI) used internal funding sources while business expansion (BE) and product and service development (PS) lean toward external funding sources and the more established and larger firm utilizes debt financing. The approach and the experiential findings offer an unprecedented degree of investigation from an academic point of view through the previous study on Nigeria entrepreneur. Similarly, the experimental results will strengthen the entrepreneur's knowledge, awareness and perception. Through the capabilities of the entrepreneurs, they can prepare and adapt in accordance with the business condition they conduct business and to help them in their choice procedure regarding the capital structure of their organization in the midst of an interval when the fuss of entrepreneur funding is gradually elicited in the Nigerian climate.


Business innovation; financing choices; Nigeria; Entrepreneur; resource based view; motivation


Business, Economics and Management, Business and Management

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