A Comparative Analysis of Risks and Returns of Running Small / Medium Micro Enterprises in North Central Nigeria

Ejembi, S A; Ogiji, Patricks

doi:10.1080/09718923.2007.11892556

Cited by 8 publications

(8 citation statements)

References 2 publications

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“…The low performances in sub-Saharan Africa attributed exclusively to factors outside firms, such as poor infrastructure and unfavorable governance (Mano et al, 2012 ). The risks faced by entrepreneurs in Nigeria SMEs arose from the increasing complexity and sophistication of the industrial sector and increasing macroeconomic instability (Ejembi & Ogiji, 2017 ). The operational environment of SMEs strongly indicate that their productivity is constrained by lack of adequate infrastructure as well as inefficient institutions in Nigeria (Effiom & Edet, 2020 ).…”

Section: Resultsmentioning

confidence: 99%

The role of micro, small and medium enterprises (MSMEs) to the sustainable development of sub-Saharan Africa and its challenges: a systematic review of evidence from Ethiopia

Endris

Kassegn

2022

J Innov Entrep

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Micro, small and medium-sized enterprises (MSMEs) have a potential impact on achieving many of the sustainable development goals much greater than their size. This review aimed to investigate existing literature on the contribution of MSMEs to the sustainable development of Ethiopia and its challenges. The review provides a comprehensive and systematic summary of evidence and provides future research directions. A systematic review methodology was adopted through reviewing the available literature comprehensively including research articles, policy documents, and reports over the period 2011–2021 from ScienceDirect, Google Scholar, ECONBIZ, IJSTOR, EBSCO, Web of Science, and Scopus databases. A search on these databases and grey literature returned 1270 articles; 87 papers were included in this review following screening of aticles using pre-determined criteria. The paper found that MSMEs significantly contributed to the sustainable development goals of Ethiopia through creating employment, alleviating poverty, and improving their living standards. However, the review has identified access to finance, access to electricity, and trade regulation are the major constraints for the development of the sector. The review outlines key policy implications to develop a comprehensive policy that alleviates the existing challenges of the sector and calls for further MSMEs impact evaluation research.

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Section: Resultsmentioning

confidence: 99%

The role of micro, small and medium enterprises (MSMEs) to the sustainable development of sub-Saharan Africa and its challenges: a systematic review of evidence from Ethiopia

Endris

Kassegn

2022

J Innov Entrep

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“…Kyophilavong (2011) investigated the constrains of the SMEs growth and found that the lack of the assets due to inadequate financial resources tackled the advancement of the SMEs. Ejembi and Ogiji (2007), Thornhill and Amit (2003) stated that readily available financial resources is an important factor that leads the business towards growth and development. Alam et al (2011), examined the growth barriers of the SMEs in Malaysia and the found that the lack of the access to financial resources had a negative impact on the SMEs growth.…”

Section: Review Of the Related Literaturementioning

confidence: 99%

Assessing the Effects of the Mobile Money Service on Small and Medium Sized Enterprises: Study on EVC-Plus Services in Somalia

Mohamed¹,

Nor²

2021

AJIBM

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The development of the mobile money services permits the businesses and the individuals to get access to the financial services and become part of the financial system. Access to the financial system is a key drive to business growth and entrepreneurial development in Somalia and in many parts of the world. The purpose of this study was to examine the contribution of the mobile money services to the growth of the small and the medium sized enterprises in Somalia. We applied dynamic capability theory to examine the factors that affect the business growth. This study employed cross sectional research design and used quantitative techniques to analyze the data of the study. The target population of the study was business owners that are in major cities in Somalia. A sample of 138 business categorized by trade, services and manufactures were studied. Descriptive and the inferential statistics were used to analyze the cross-section data collected from the various respondents. For regression analysis, Robust Least Squares (ROBUSTLS), is used to estimate the model parameters of the study. We rejected null hypothesis examined by this study and we found that all variables have a positive contribution that is different from zero and being statistically significant. The result shows that a one percent increase of the access to finance contributes to business grow of about (0.186%) while a (1%) increase sales growth, leads business to grow about (0.183%). The enhancement of the risk management by (1%) increases business grows to about (0.225%). The product development is a dominant variable that leads to business growth as (1%) increase of the product development, leads business to grow about (0.254%). These results indicate that mobile money service has a positive and significant influence to the business's ability to access the finances.

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“…It was found out that the growth of SMEs in Kosovo is drastically diminished by the presence of business environmental barriers such as unfair competition, tax burden, and inadequate financing. Furthermore, Anesta et al (2004) and Ejembi and Ogiji (2007) discover that poor infrastructure hinders SMEs growth. Poor infrastructure includes erratic power supply, poor communication system, bad roads, and inadequate water supplies.…”

Section: Constraints To Firm Growthmentioning

confidence: 99%

“…But Laos SMEs face various financial constraints such as business plan, rigid collateral demand, complex application processes, asset ownership and as well as limited economic environment. Additionally, Ejembi and Ogiji (2007), Jones and Tilley (2003), Thornhill and Amit (2003) argue that it become problematic to witness SMEs growth if their finances are not readily available or not well managed. In line with this, Bowen et al (2009) confirm and support that SMEs growth are absolutely constrained if reliable and available finance sources are not in existence.…”

Section: Constraints To Firm Growthmentioning

confidence: 99%

Understanding Small and Medium Enterprises (SMEs) Growth: a compendium literature review and standpoints of studies

Owusu¹,

Ismail²

2018

Int J Bus Manag Soc Res

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The desire to grow is the sole channel through which Small and Medium Enterprises (SMEs) can become big organizations. SME growth is vital for its survival and subsequent expansion. This present paper made attempt to identify the understanding of SME growth issues captured in the prior related literature and standpoint of further studies. A thorough literature review was undertaken to outline issues surrounding firm growth in accordance with the definitions of growth, theoretical perspectives of growth focused on RBV the most authoritative growth theory, measurements of growth, stages of growth, determinants of growth and finally constraints to growth.

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A Comparative Analysis of Risks and Returns of Running Small / Medium Micro Enterprises in North Central Nigeria

Cited by 8 publications

References 2 publications

The role of micro, small and medium enterprises (MSMEs) to the sustainable development of sub-Saharan Africa and its challenges: a systematic review of evidence from Ethiopia

The role of micro, small and medium enterprises (MSMEs) to the sustainable development of sub-Saharan Africa and its challenges: a systematic review of evidence from Ethiopia

Assessing the Effects of the Mobile Money Service on Small and Medium Sized Enterprises: Study on EVC-Plus Services in Somalia

Understanding Small and Medium Enterprises (SMEs) Growth: a compendium literature review and standpoints of studies

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