Examination of Opportunity Identification by Nascent Entrepreneurs in South – Western Nigeria: An Effectuation Perspective

This study focused on examination of opportunity identification by nascent Entrepreneurs in South–Western Nigeria using effectuation perspective. The study determined whether alertness affect opportunity identification by nascent entrepreneurs in South-Western Nigeria. It also examined the effect of social network on opportunity identification by nascent entrepreneurs in South-Western Nigeria. The study was carried out using a quantitative methodology through administration of a structured questionnaire. The data gathered was analyzed using descriptive and inferential statistic such as percentages, one sample chi-square test at 0.05 level of significance and effectuation framework logics, with the aid of statistical package for social sciences (SPSS) version 20. The study was conducted in six states of south-western Nigeria that is Lagos, Ogun, Oyo, Osun, Ondo and Ekiti. The results show that: alertness can lead to opportunity identification; social networks such as interactions with friends and acquaintances, family and relations and social clubs enhance opportunity identification and establishing contacts with customer and financiers also lead to opportunity identification. This study has contributed to literature on opportunity identification and effectuation theory given that studies done in this area are mostly in developed countries. Keywords: Effectuation theory, Nascent Entrepreneur, Opportunity Identification. *This work was sponsored by TETFUND Institutional Base Research Grant

Effect of Accounting Information on Investment in Nigerian Poultry Agricultural Sector

The purpose of this study was to establish the effect of accounting information on investment in Nigerian Poultry Agricultural Sector. Specifically the study investigated on the effects of profitability, gearing ratio and growth opportunity on investment in Nigerian agricultural sector. This study adopted a descriptive design which is described as a method of collecting information by interviewing or administering a questionnaire to a sample of individuals. The instrument of data collection for this research was a secondary guide as the study used secondary data. The study targeted all the investors in the industry.  The sample of this study is 68 investors because the target population is infinite. Descriptive statistics such as mode, median, mean, standard deviation, etc were used to perform data analysis. These measures were calculated using Statistical Package for the Social Sciences (SPPS 20) software. SPSS tool (Statistical Package for the Social Sciences) was used to organize and analyze data. The study findings indicated that there was increase in number of investments in agricultural sector in Nigeria for the last three years. The results indicate that the variables; profitability, gearing ratio and growth opportunity were satisfactory in explaining investment. This conclusion is supported by the R square of 0.885. This means that the combined effect of the predictor variables (profitability, gearing ratio and growth opportunity) explains 88.5% of the variations in investment in agricultural sector.  The results reveal that profitability, gearing ratio and growth opportunity are statistically significant in explaining investment in agricultural sector in Nigeria. Key Words: Accounting information, Investment, Gearing Ratio, Opportunit