Factors Affecting Entrepreneurial Success: Evidence from the Micro-hydro Sector in Nepal

Abstract

Purpose: To investigate factors affecting business success in Nepal’s micro-hydro sector.

Design/methodology/approach: The causal-comparative research design was adopted. It is based on primary data.  The necessary data were collected using a structured questionnaire from 40 micro-hydro construction companies having 99 respondents. The data have been analyzed by estimating econometric models and correlation analysis through SPSS.

Results/findings: The paper concludes the company’s success is positively impacted by financial resources for expansion, network ties, trust, and years of schooling with a higher impact. On the other side, determinants like initial investment, shared vision, and experience have a lower impact on the company’s accomplishment.

Originality/value: No such study uses recent data related to Nepal’s micro-hydro sector is accessible. The paper, therefore, is valuable for private companies, development actors, and policymakers to create an enabling environment for the company’s accomplishment. This work may potentially be useful to academia for future studies.

Future Avenue: The expansion of this study may be achieved by investigating ways to motivate current employees and policy preparation friendly to acquire finance for the company’s expansion instead of its establishment.

Paper type: Empirical research