Analysing the Drivers of Elite Interest in Hybrid Entrepreneurship in West Africa

Abstract

Hybrid Entrepreneurship (HE) is growing in developing and developed countries due to the failure of start-ups. The article investigates the current surge of interest in hybrid entrepreneurship in five Anglophone West African countries by examining the effects of entrepreneurial intention, entrepreneur self-efficacy, job insecurity, and job satisfaction on hybrid entrepreneurship in the agricultural sector using quantitative techniques for data collection and analysis. Data validation was done using a structural equation model, while a linear hierarchical regression model was used to check relationships between the constructs. The results show that entrepreneurial intention, entrepreneur self-efficacy, and job satisfaction positively affect hybrid entrepreneurship. Though job insecurity positively affects hybrid entrepreneurship, its effects are statistically insignificant. The results also show that job satisfaction, job insecurity, and entrepreneur self-efficacy positively influence the entrepreneurial intentions of hybrid entrepreneurs. The researchers recommend that the ministries, agencies and authorities in these countries should help change the perception of agriculture as an occupation for the less educated and illiterate and make it attractive to the elite by helping them acquire current technologies and agro-equipment.