Moderating Effects of Government Policy on Interraction between Entrepreneurial Mindset and Job Creation of Smes in Lagos State Nigeria

Abstract

Introduction: Most studies on entrepreneurial mindset dimensions often focus on entrepreneurship   education; entrepreneurial intentions; entrepreneurship training; entrepreneurial innovativeness and their impact on job creation ignoring the crucial role of government policy.

Objectives: The main objective of this study is to investigate the moderating role on the interactions between entrepreneurial mindset variables and job creation in Lagos State.

Methods: This study adopted a cross-sectional survey research design.  Inferential statistics was used to examine the relationship between the variables under investigation.

Results: The findings revealed that entrepreneurial mindset variables (entrepreneurial knowledge, innovativeness, business alertness, risk taking,) have significant effect on job creation of selected SMEs in Lagos State, Nigeria. Government policy has no significant moderating effect on the relationship between Entrepreneurial mindset variables used in this study and  job creation in selected SMEs in Lagos State (R² = 0.000, F = 0.101, P= 0. 750). Conclusion: Government policies did not moderate the relationship between entrepreneurial mindset and SMEs job creation. Therefore, the study recommends that the federal and state government should provide enabling business environment for SMEs to create jobs through policy formulation and implementation especially on the area of infrastructure and access to finance.