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Evaluating the Role of Nigerian Bankruptcy Law in Enhancing Female Entrepreneurship in Nigeria

Author

Listed:
  • Omoseni Adepoju

    (Department of Business Administration, Lead City University, Ibadan 200255, Nigeria)

  • Tobi Nwulu

    (Post Graduate School, Pan African University for Life and Earth Sciences Institute, Ibadan 200284, Nigeria)

  • Love David

    (Department of Construction Management and Quantity Surveying, University of Johannesburg, Johannesburg 2006, South Africa)

Abstract

The study focused on the role of Nigerian bankruptcy law in fostering female entrepreneurship. The study examined how the current bankruptcy law supports female entrepreneurship in Nigeria. This was motivated by the Nigerian government’s recent entrepreneurship drive to meet the country’s excessive challenge of unemployment and poverty. Five principles were utilised in this study to measure current Nigerian bankruptcy law to evaluate its effect on the female entrepreneurship drive in Nigeria. The study adopted a qualitative research methodology to evaluate legal doctrines and relevant literatures. The study’s findings revealed that the present Nigerian bankruptcy law is not entirely favourable to female entrepreneurship. This conclusion was arrived at having measured the Nigerian bankruptcy law against five testable principles. These principles were developed to help as a guide in measuring bankruptcy laws to determine whether they are entrepreneur-friendly. In light of this, recommendations were proffered to reform the current bankruptcy law to introduce better policies that enhance female entrepreneurship.

Suggested Citation

  • Omoseni Adepoju & Tobi Nwulu & Love David, 2022. "Evaluating the Role of Nigerian Bankruptcy Law in Enhancing Female Entrepreneurship in Nigeria," Businesses, MDPI, vol. 2(4), pages 1-14, September.
    • Handle: RePEc:gam:jbusin:v:2:y:2022:i:4:p:25-409:d:930175
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    References listed on IDEAS

    as
    1. Lee, Seung-Hyun & Yamakawa, Yasuhiro & Peng, Mike W. & Barney, Jay B., 2011. "How do bankruptcy laws affect entrepreneurship development around the world?," Journal of Business Venturing, Elsevier, vol. 26(5), pages 505-520, September.
    2. Ewens, Michael & Townsend, Richard R., 2020. "Are early stage investors biased against women?," Journal of Financial Economics, Elsevier, vol. 135(3), pages 653-677.
    3. Guzman, Jorge & Kacperczyk, Aleksandra (Olenka), 2019. "Gender gap in entrepreneurship," Research Policy, Elsevier, vol. 48(7), pages 1666-1680.
    4. Paul Dunne & Beverly Edkins, 2005. "The demand for Food in South Africa," Working Papers 0509, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    5. Atsede Woldie & Adebimpe Adersua, 2004. "Female entrepreneurs in a transitional economy: Businesswomen in Nigeria," International Journal of Social Economics, Emerald Group Publishing, vol. 31(1/2), pages 78-93, January.
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