##plugins.themes.bootstrap3.article.main##

The purpose of the paper is to investigate the influence of economic factors on entrepreneurial engagements by university students in public universities in Nairobi Metropolitan region. The research design used is descriptive survey research design. The specific location of the study was the counties of Nairobi, Kiambu and Kajiado in Nairobi Metropolitan region. The target population comprised of 1006 university students registered with the campus incubation hubs. The sample size was 286 respondents. Open and close-ended questionnaires were used for data collection. Analysis of data involved use of descriptive and inferential statistical techniques. Descriptive statistics was through the use of mean, standard deviation, frequencies and percentages. Inferential statistics through correlation and regression was conducted to examine possible associations between attributes of independent and dependent variables. The findings established that regression coefficient for the relationship between economic factors and entrepreneurial engagement was positive and significant. Economic factors such as access to credit, availability of market information and availability of technology had the best positive significance with entrepreneurial engagement of university students. The study recommended that there is need for aggressive campaigns through media and other platforms to militate about the importance of ensuring access to credit, availability of market information and availability of technology among others are easily available for university students to engage in entrepreneurial activities.

Downloads

Download data is not yet available.

References

  1. Bannock, G. (2004). The economics and management of small business: an international perspective. Routledge.
     Google Scholar
  2. Bergmann, H., Hundt, C., & Sternberg, R. (2016). What makes student entrepreneurs? On the relevance (and irrelevance) of the university and the regional context for student start-ups. Small Business Economics, 47(1), 53-76.
     Google Scholar
  3. Davidsson, P., and Henrekson, M. (2002). Determinants of the prevalance of start-ups and high-growth firms. Small Business Economics, 19(2), 81-104.
     Google Scholar
  4. GOK. (2011). Youth Enterprise Development Fund Status Report. Nairobi: Government Printer.
     Google Scholar
  5. Gürol, Y., & Atsan, N. (2006). Entrepreneurial characteristics amongst university students: Some insights for entrepreneurship education and training in Turkey. Education and Training, 48(1), 25-38.
     Google Scholar
  6. Harris, J. R. (1971). Entrepreneurship and economic development. Social science information, 9(3), 8-40.
     Google Scholar
  7. Jumamil, A. J., Depositario, D. P. T., & Zapata Jr, N. R. (2017). Factors influencing the entrepreneurial engagement of UPLB Agri-based graduates. In DLSU Research Congress.
     Google Scholar
  8. Kao, R. (2005). Small Business Management: A Strategic Emphasis. Journal of Small Business and Entrepreneurship, 3 (4), 44.
     Google Scholar
  9. Kenya National Bureau of Statistics (2013). International Centre for Economic Growth, National Micro and Small Enterprises Baseline Survey. Nairobi: ICEG.
     Google Scholar
  10. Keter, J. (2012). Government Regulations and Procedures and the Establishment of SMEs in the Rural Areas: A survey of SMEs. In Kesses Division, Uasin Gishu District, Kenya. Journal of Emerging Trends in Educational Research and Policy Studies, 3(6), 816-821.
     Google Scholar
  11. Kinuthia, J. N., & Akinnusi, D. M. (2014). The magnitude of barriers facing e-commerce businesses in Kenya. Journal of Internet and Information Systems, 4(1), 12-27.
     Google Scholar
  12. Kume, A., Kume, V., & Shahini, B. (2013). Entrepreneurial characteristics amongst university students in Albania. European Scientific Journal, ESJ, 9(16), 34.
     Google Scholar
  13. Leff, N. H. (1978). Industrial organization and entrepreneurship in the developing countries: The economic groups. Economic development and cultural change, 26(4), 661-675.
     Google Scholar
  14. Mburu, S. (2019). Students sinks HELB money into sugarcane farming. Retrieved from https://www.standardmedia.co.ke/business/article/2001320615/students-sinks-helb-money-into-sugarcane-farming
     Google Scholar
  15. Mc Clelland, D.C (1965). Human Motivation. Cambridge: Cambridge University Press
     Google Scholar
  16. Mehmet, O. (2002). Westernizing the Third World: the Euro centricity of economic development theories. Routledge.
     Google Scholar
  17. Morris, M. H., Shirokova, G., & Tsukanova, T. (2017). Student entrepreneurship and the university ecosystem: A multi-country empirical exploration. European Journal of International Management, 11(1), 65-85.
     Google Scholar
  18. Mueni, K. V. (2016). Factors Determining Entrepreneurial Intentions among University Students in Kenya: A Case of USIU-Africa (Doctoral dissertation, United States International University-Africa).
     Google Scholar
  19. Mulunda, L. (2019). Engineer who built real estate company with student loan. Retrieved from https://businesstoday.co.ke/engineer-built-real-estate-company-using-helb-loan/
     Google Scholar
  20. Mwendwa, J. (2016). Influence of social economic factors on youth engagement in agricultural project activities in Yatta Sub-County, Machakos County Kenya (Doctoral dissertation, University of Nairobi).
     Google Scholar
  21. Nyambegera, S. &. Kilonzo, P. (2014). Determinants of entrepreneurial intention among university business students in Kenya: lessons from Kenyatta University. Int. J. Entrepreneurship and Small Business, 2(2), 231-250.
     Google Scholar
  22. Orugun, J. J. (2016). Poverty Issue and the Entrepreneurial Engagement of Small Scale Enterprises in Nigeria: An Empirical Study. Journal of Entrepreneurial Development, 8(19), 23-24.
     Google Scholar
  23. Otuki, N. (2013). Varsities' incubation hubs key to Kenya growth. Retrieved from https://www.businessdailyafrica.com/news/Varsities-incubation-hubs-key-to-Kenya-growth/539546-1759036-v80e8p/index.html.
     Google Scholar
  24. Peterman, N. E., & Kennedy, J. (2003). Enterprise education: Influencing students’ perceptions of entrepreneurship. Entrepreneurship theory and practice, 28(2), 129-144.
     Google Scholar
  25. Republic of Kenya (2012). A policy framework for science, technology and innovation. Sessional paper no.1. Retrieved from https://www.strathmore.edu/wp-content/uploads/2022/10/sti_final_policy_draft-1.pdf.
     Google Scholar
  26. Siegel, D. S., & Wright, M. (2015). Academic entrepreneurship: time for a rethink? British Journal of Management, 26(4), 582-595.
     Google Scholar
  27. Timmons, J.A & Spinelli, S. (2007). New venture creation: entrepreneurship for the 21st century. Boston: McGraw Hill.
     Google Scholar
  28. United Nations Development Programme (2013). Kenya’s Youth Employment Challenge. New York: UNDP.
     Google Scholar
  29. Viffa Consult (2018). 2018 Kenyan SME Survey. Retrieved from http://viffaconsult.co.ke/wp-content/uploads/2018/07/2018-SME-Finance-Survey-Report.pdf.
     Google Scholar
  30. Watiri, M. S. (2012). Factors that influence student participation in entrepreneurship among university students; the case of Strathmore University undergraduate students. Entrepreneurial Business and Economics Review, 3(1), 44-46.
     Google Scholar