MEDIATING EFFECT OF ACADEMIC SPIN-OFFS ON ACADPRENEURSHIP AND FOOD SECURITY IN NIGERIA
DOI:
https://doi.org/10.35631/AIJBES.827015Keywords:
Acadpreneurship [AE], Academic Spin-Offs [ASO], Food Security [FS], Entrepreneurial Universities, Agricultural Industry, NigeriaAbstract
This paper examines the mediating effect of academic spin-offs [ASO] on the relationship between acadpreneurship [AE] and food security [FS] in Nigeria. Driven by the Endogenous Growth Theory [EGT] (Romer, 2011), the study adopted Cochran's (1977) finite sample size method to profile 662 graduate students in entrepreneurial universities in Nigeria. A purposive electronic close-ended version of the AESFSQ instrument was used for data collection. The proposed structural model was assessed through established GOF indices. While specified hypotheses were tested using SEM. The psychometric validation of the measurement model shows that it largely fits the sample participants. The fit indices of the hypothesized structural model provided further empirical support for the collected data. SEM direct hypothesis testing revealed that the standardized structural past estimates are practically and statistically significant, indicating that AE and ASO can enhance FS. The indirect effect outcome of ASO on AE and FS shows that the product of the direct paths standardized co-efficients is substantial. Hence, ASO exists as a mediating variable. The bootstrapping outcome indicates that ASO has a significant partial mediating effect between AE and FS. This posits that ASO focused on agricultural sector can greatly reduce poverty, promote eco-friendly agricultural practices, increase the standard of living, and enhance FS in Nigeria. Ditto, to other nations. This paper has multi-faceted implications. Firstly, it extends literature on entrepreneurship by providing theoretical insights into the empirical interaction between its understudied variables. Secondly, it opens up a wide range of research recommendations from academia for policymakers on FS. Thirdly, it is designed practically for researchers, students, as well as players in the agricultural industry and public service who are interested in AE phenomena such as the commercialization of research. Besides being cross-sectional, the non-inclusion of farmers as participants are some limitations that may have biased the study’s outcomes. Hence, several recommendations and potential areas for further studies were made in light of these outcomes.
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