Micro and Small Enterprise Growth in Turkey: Under the Shadow of Financial Crisis

Özar, Şemsa; Özertan, Gökhan; Irfanoglu, Zeynep Burcu

doi:10.1111/j.1746-1049.2008.00069.x

Cited by 21 publications

(14 citation statements)

References 48 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…According to [15], small enterprises support functional and competitive markets as agents of income distribution, industrial expansion and poverty reduction. The owner manager's failure to plan, manage and control the business activities has contributed to the low sustainability of these enterprises [16] [17].…”

Section: Small Enterprises Developmentmentioning

confidence: 99%

“…Accounting professionals should be more involved in small enterprises to assist in prudent accounting processes [2]. A study by [15] found that small enterprises development increased wealth generation, jobs creation and improved economic and social conditions of a nation. Formal and informal small enterprises contributed more than 18.4 percent of Kenya's GDP with most comprising of retail, mining and quarry, agriculture, manufacturing, service/finance and other sub-sectors of the economy [18].…”

Section: Small Enterprises Developmentmentioning

confidence: 99%

See 1 more Smart Citation

Accounting Systems for Records Keeping Practices for Small Enterprise Development in Makueni County, Kenya

Muteti¹,

Namusonge²,

Nzomo³

2018

OJAcct

View full text Add to dashboard Cite

Small enterprise development strategy is used by governments worldwide for economic development, wealth creation and poverty reduction. The government of Kenya vision 2030 of being a medium income economy is anchored on an ambitious economic development blueprint through economic, social and political pillars. While small enterprises are taunted as part of the catalysts for rapid development, by their nature small enterprises face a myriad of challenges in the collection of financial information through accounting system which is used in business decision making. The study considered the challenges faced by the enterprises in record keeping, the type of accounting systems they use and the role of accounting systems in enterprise development in Makueni County, Kenya. Data for the study was collected from 250 small enterprises through semi-structured questionnaires and analysed using descriptive and inferential statistics. Small enterprises prefer maintaining manual records of accounting systems for recording purchases, sales and expenses. The challenges small enterprises faced were lack of competent clerical staff, time constraints and lack of knowledge on record keeping. A significant linear relationship is evident between accounting systems and enterprise development in Makueni County of Kenya. There is need for the government and other stake holders to intervene in capacity building of small enterprises on accounting practices as a pillar to the development and sustainability of small enterprises in Kenya.

show abstract

Section: Small Enterprises Developmentmentioning

confidence: 99%

Section: Small Enterprises Developmentmentioning

confidence: 99%

Accounting Systems for Records Keeping Practices for Small Enterprise Development in Makueni County, Kenya

Muteti¹,

Namusonge²,

Nzomo³

2018

OJAcct

View full text Add to dashboard Cite

show abstract

“…SMEs may suffer disproportionately from economic downturns, because of their limited financial resources and dependence on banks' lending, paying such high interest rates (Mulhern [13] for the crisis of 1989-1994 in Venezuela, Domac¸ and Ferri [14] for the 1997 Asian financial crisis and Ozar et al [15] for the 2001 Turkish financial crisis). Adding to the financial aspect, their relative shortcomings in terms of technological, managerial and human capabilities may reduce their capacity to overcome the economic crisis [16,17,18,19,20,21,22].…”

Section: Introductionmentioning

confidence: 98%

The Strategic Management of Market Information to SMEs during Economic Crisis

Bourletidis

2013

Procedia - Social and Behavioral Sciences

View full text Add to dashboard Cite

In periods of prolonged economic crisis the companies and especially the SMEs ones are affected negatively. They show signs such as the decrease of sells, the shrink of profits, the indulgence of financing, the difficulty of covering the obligations towards the suppliers. On the contrary, lots of studies show that there are still some sectors that have been affected a lot from the financial crisis, there are companies which show a remarkable yield and it seems that they get a benefit from the crisis and make use of chances. The difference of the companies' attribution still observed in the same geographical region even though to the same local market. A very important role in connection with the diversification of the companies' attribution seems to play a major role the different face of the information handling. Into this specific paper we will be concentrated to this factor that means the handling of the information as a strategic mean to the face and the handling of crisis of the SMEs. There is going to be examined how SME`s that suffer from the financial crisis make a productivity as an advantage of survive the strategic management of information. The analysis will be concentrated to Greek business market and specifically to the SMEs of Greece.There is going to be used empirical data that have been gathered through interviews into Greek SMEs of different sectors and size.

show abstract

“…According to Ozar et al (2008) there has been a growing interest and attention in the role small enterprises play in the economy since the 1980s. One of the reasons for this considerable attention is that these enterprises have been found to have potential to generate employment and also to contribute to poverty alleviation in most countries in sub-Saharan Africa where social environments have worsened overtime due to increasing levels of unemployment as well as increasingly widening gaps of income inequality.…”

Section: Characteristics Of Small and Micro Enterprisesmentioning

confidence: 99%

Accounting Systems in Small and Micro Enterprises in Kenya

Mwangi¹

2011

Journal of Language, Technology &Amp; Entrepreneurship in Africa

View full text Add to dashboard Cite

Abstract:For a long time in Kenya, the practices and principles of accounting have been viewed to be for use by corporate and other formally structured organizations. This paper seeks to investigate what accounting means to small and micro traders in Kenya, by reviewing the practices and principles they use in running their businesses. Indeed, little attention has been paid to accounting systems in small and micro enterprises in Kenya and the extent of their conformity to International Financial Reporting Standards. It also seeks to investigate the reasons why some small trade enterprises succeed while some close shop. An analysis of how small traders in Kenya keep business records, whether these records are in written form or are held in the memory of the trader, will inform the reasons behind the success of small trading in Kenya. It will also explain the extent to which accounting principles as outlined in the International Financial Reporting Standards are relevant to the small and micro enterprise.Informal interviews with small traders in Nairobi, Nakuru and Kisumu were used to gather qualitative data.

show abstract

Micro and Small Enterprise Growth in Turkey: Under the Shadow of Financial Crisis

Cited by 21 publications

References 48 publications

Accounting Systems for Records Keeping Practices for Small Enterprise Development in Makueni County, Kenya

Accounting Systems for Records Keeping Practices for Small Enterprise Development in Makueni County, Kenya

The Strategic Management of Market Information to SMEs during Economic Crisis

Accounting Systems in Small and Micro Enterprises in Kenya

Contact Info

Product

Resources

About