Moderating Effect of Self-Efficacy on the Relationship Between Women Empowerment and New Venture Creation in Benue State, Nigeria

Previous studies have shown that many empowerment initiatives have been carried out to empower women in Nigeria and the challenges they face. However, few studies have examined how women empowerment affects new venture creation by women entrepreneurs. The study examined the moderating effect of self-efficacy on the relationship between women empowerment and new venture creation in Makurdi town, Benue State Nigeria. The specific objectives were; to determine the effect of educational empowerment of women on new venture creation; to examine the effect of economic empowerment of women on new venture creation and to examine the moderating effect of self-efficacy on the relationship between women empowerment and new venture creation. The study utilized the empowerment theory to explain the relationship between empowerment and new venture creation. A survey design was used for the study. A questionnaire was used to collect data from a sample of 100 women entrepreneurs in Makurdi town. The data collected were analyzed using descriptive and inferential statistics. Correlation and multiple regression analysis were employed to test the hypotheses. The results revealed that educational empowerment and economic empowerment were significant in affecting the creation of new ventures by female entrepreneurs. Also the results revealed that self-efficacy positively moderates the relationship between educational empowerment, economic empowerment and new venture creation. It is recommended amongst others that government should provide programmes, strategies and policies that will enhance women education and empowerment in Nigeria. Finally the study contributes to knowledge and theory by establishing the moderating effect of self-efficacy on the relationship between women empowerment and new venture creation in Benue State, Nigeria.

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