Gender differences in entrepreneurial interest and practice among undergraduate students in Nigeria

Abstract

The economic turbulence in the last two decades and the Covid-19 pandemic have impaired several economies, heightened unemployment, and worsened job loss and socio-economic hardships. Promoting entrepreneurship inclusiveness has become a critical strategy to revamp the economy. Meanwhile, the global economy has been projected to grow faster with an increase in women entrepreneurs. However, there seems to be a gender gap and differential in start-ups, which draws down women’s inclusion in the business environment. This study examines the gender differential in entrepreneurial interest and practice among 12,485 university students in Nigeria. The results reveal that 88% of male and 84% of female students want to start their own businesses. Both males (66%) and females (65%) reported high entrepreneurial interest, with no statistically significant difference between both genders. The logistic regression analysis shows that entrepreneurship education, relational support, risk-taking, self-efficacy, university ecosystem, and attitudes toward behavior are the main drivers of entrepreneurial interest among male and female students. However, the university ecosystem is found to not significantly affect entrepreneurial interest among male students. Similarly, all factors except for the university ecosystem significantly influence entrepreneurial practice among male and female students. However, relational support is not statistically significant for female students. The study concludes with appropriate policy suggestions that could improve and sustain entrepreneurship interest and practice in both male and female students.

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“…These results are essential considering the psychological nature of the male and female populations, which could have differences in their perceptions (Hyde, 2014). Recent studies reported that male university students showed higher entrepreneurial self-efficacy than women in the business environment (Adelowo and Akinwale, 2023). This result is consistent with the North American study where female students showed lower self-efficacy and entrepreneurial intention scores than males (Neumeyer, 2022).…”