International Journal of Entrepreneurship and Economic Issues

Factors That Influence Entrepreneurial Intention Within University Students in Nepal

Dipina Dhungana — Tue, 30 Jul 2024 10:51:09 +0800

The research aims to identify the key factors that significantly influence entrepreneurial intention of Nepalese university students. Primary source has been used to collect the data through a questionnaire survey conducted in Nepal, involving 384 respondents studying management in different universities in Nepal. This study has used descriptive and casual comparative research design. Statistical tests, including descriptive analysis, correlation coefficient, and regression analysis has been employed to analyze the data using the SPSS Statistical Program. Through an extensive review of relevant literature on entrepreneurial intention, five determinants attitude towards behavior, perceived behavioral control, subjective norms, locus of control and need for achievement were identified where entrepreneurial intention represents dependent variable and attitude towards behavior, perceived behavioral control, subjective norms, locus of control and need for achievement represents independent variables. The multiple linear regression results reveal that attitude towards behavior, subjective norms, and locus of control exerts significant influences on entrepreneurial intention while perceived behavioral control and need for achievement has statistically insignificant relationship with entrepreneurial intention.

Assessment of AgriTech Startups in Nepal: Prospects, Challenges, Policy Recommendations, and the Way Forward

Kiran Mainali — Tue, 30 Jul 2024 00:00:00 +0800

The Agritech sector in Nepal has gained momentum in recent years, promising to revolutionize the country's agricultural landscape. This article attempts to assess the Agritech Startups landscape in Nepal and delves into the prospects and the challenges encountered by the Agritech startups in Nepal. Alongside this article discusses on the policy recommendations that are required to be implemented promptly in the sector for its sustainable growth. Through a comprehensive secondary analysis of the market dynamics, technological innovations and socio- economic conditions, this study explores the uncharted potential that could assist in agricultural productivity. Furthermore, the research highlights the role of government policies in fostering a conducive environment for Agritech entrepreneurship. The findings emphasize the importance of digital literacy, market linkages, technical support and targeted incentives in propelling the growth of Agritech startups in Nepal. By considering the unique Nepalese context, this research identifies the major players in the market, major segment of the Agritech business currently in operation in Nepal and aims to provide a roadmap for the way forward, fostering the sustainable development of Agritech startups, and contributing to increased food security and economic prosperity in Nepal.

Use of Quick Response (QR) Code Payment Gateway in Nepal: Entrepreneur’s Perspective

Rashesh Vaidya, Sanita Mastran, Shree Krishna Majakoti — Tue, 30 Jul 2024 00:00:00 +0800

A Quick Response (QR) code payment gateways are becoming increasingly popular in Nepalese business environments, especially in urban areas. QR Code payment facilities are available even in small business in Nepal. There were a number of factors that influenced Nepali entrepreneurs to adopt QR code payment gateways for their shops. Therefore, this paper attempts to determine what factors mainly influenced Nepali entrepreneurs to install QR payment gateways. For this purpose, the paper surveyed 200 Nepali small and medium enterprises (SME) running enterprises within Kathmandu Valley. Most Nepali entrepreneurs only implemented QR facilities a year or two ago, according to the paper. The paper also discovered that consumer factors (3.80 points on average) were a key factor among the four criteria studied. According to the regression analysis, customer and environmental factors account for 27.3 percent of QR code payment gateway adoption among Nepalese entrepreneurs.

Changing business practices and coping mechanisms of entrepreneurs (SMEs) during COVID 19- a study on Kathmandu based SMEs

Sushant Rijal, Upasna Acharya, Chittaranjan Pandey — Tue, 30 Jul 2024 00:00:00 +0800

The continuous rage of the COVID 19 pandemic has severely impacted the lives of people globally. The strict lockdown measures not only presented an unprecedented challenge, but also caused economic and social disruption. The most vulnerable to the economic effects of COVID-19 were small and medium-sized enterprises (SMEs), especially the booming entrepreneurs. Without the means, well-equipped strategies, and resources they have been hit hard during the lockdown. Moreover, absence of robust plans and schemes to support the private sector has added to their misery. So, the purpose of this research is to understand the impact of COVID 19 on business, how business has changed and how entrepreneurs have coped to the situation in Nepal, studying the case of Kathmandu based SMEs. The study was studied in two phases, in first a survey was run with 104 participants and in second, an in-depth interview was conducted with 17 participants.

Contribution of Remittances to GDP: Case of Nepal

Bibhu Prasad Aryal — Tue, 30 Jul 2024 00:00:00 +0800

The article explores how remittances significantly impact Nepal's economy, contributing nearly a quarter of its GDP. These funds, sent by migrants, support essential needs like food, education, and healthcare, thereby improving living standards and alleviating poverty. Remittances boost household purchasing power and stimulate demand for goods and services, driving economic growth. However, the study also highlights risks such as dependency on these inflows and their limited role in productive investments. It suggests that while remittances are crucial for Nepal's economic stability, a diversified strategy is essential for sustainable development, reducing reliance on remittances and fostering broader economic resilience.