| dc.description.abstract | This research aims to test the impact of bank finance and government support on initiating
entrepreneurial ventures and start-ups. This study used a quantitative approach. Data
were collected through a survey method using a questionnaire. The study’s respondents
were 203 entrepreneurs and businessmen in Homagama Divisional Secretariat Division
in Colombo District, Western Province, Sri Lanka. Exploratory factor analysis and
confirmatory factor analysis were performed to identify the impact of bank finance and
government support on the initiation of entrepreneurial ventures and start-ups and test
the convergent and discriminant validity. Cronbach’s alpha analysis was carried out to
test the reliability of the dimensions. In addition, criterion-based validity and the stability
of the impact of bank finance and government support on the initiation of entrepreneurial
ventures and start-ups were also tested. All tests were conducted using the SPSS software
with the extension PROCESS 4.0 to test the entrepreneur’s moderator; i.e. age. The study
has been proven to have good validity, reliability, and stability for measuring the impact of
bank finance and government support on initiating entrepreneurial ventures and start-ups
in the Homagama Divisional Secretariat Division in Colombo District, Western Province,
Sri Lanka. This research was carried out in a single developing country, Sri Lanka.
Hence, the stability of the model needs to be tested in different cultures. Government
and Bank Financing authorities can use this study to monitor, measure, and improve
the service quality of their services towards start-up ventures and entrepreneurial firms.
Hence it is proved that even though people have enough motivation and locus of control,
support from external authorised parties is the factor that determines successful start-up
decision-making. | en_US |
