The Role of Entrepreneurial Financing on National Output: An Empirical Analysis

Ifionu, Ebele P.; Akinpelumi, Omotayo F.

doi:10.4314/afrrev.v11i3.16

Cited by 3 publications

(5 citation statements)

References 16 publications

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“…Also, Ifionu and Akinpelumi (2017) employed OLS method of estimation to ascertain the influence of credit facilities on the nature of long run relationship prevailing between entrepreneurial financing and national output performance in Nigeria. The results revealed that credit facilities played insignificant role to enhance the level of performance in national output.…”

Section: Review Of Literaturementioning

confidence: 99%

Credit access and the performance of non-farm household enterprises: evidence from Nigerian data

Ojonta

Ogbuabor

2021

IJSE

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Inadequate availability of credit access is one of the major problems facing household enterprises in developing countries, especially Nigeria. Despite various government interventions aimed at solving this problem, it is still perceived that credit access is a serious challenge facing these enterprises in Nigeria. Hence, this study examined the impact of credit access on the performance of total stock of input supply of non-farm household enterprises in Nigeria. Unlike the bulk of existing studies, we employed multinomial logit regression and used the 2018 General Household Survey data. The stylised facts from the data revealed that non-farm household enterprises in urban areas have greater access to credit than their counterparts in rural areas. Interestingly, the findings indicate that even though a large chunk of the non-farm household enterprises in our sample face the challenge of access to credit, credit access nonetheless impacts significantly and positively on total stock of input supply of non-farm household enterprise in Nigeria. Among others, we recommended that credits to non-farm household enterprises should be adequately monitored not only to enhance the performance of these enterprises but also to ensure that the funds are not diverted to other uses.

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Section: Review Of Literaturementioning

confidence: 99%

Credit access and the performance of non-farm household enterprises: evidence from Nigerian data

Ojonta

Ogbuabor

2021

IJSE

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“…The present study is underpinned by the Resource-Based Theory of entrepreneurship. This is attributed to the fact that entrepreneurs are hungry for financial resources to stimulate growth (Ifionu & Akinpelumi, 2017). The underlying idea is that a competitive advantage emanates from the effective utilization of tangible and intangible resources.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

The growth of SMEs amid the COVID-19 pandemic in Ghana

Aidoo

2023

JoSTE

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Purpose: This study aimed to determine how Ghana's small and medium-sized businesses (SMEs) performed in terms of growth during the COVID-19 pandemic. Research Methodology: This study adopted a quantitative research method, alongside descriptive and explanatory research designs. Primary data were gathered from 400 SMEs in the general trading and manufacturing industries. Descriptive statistical analyses and Pearson multiple regression analyses were performed using the Statistical Package for Social Sciences (SPSvs.26) and XL Stats. Results: The most critical challenges faced by SMEs during the COVID-19 pandemic include a decrease in sales revenue, followed by the inability of SMEs to pay staff, retrenchment of workers, shortages of raw materials, halted operations, difficulty in supplying goods and services, inability to repay loans, insufficient capital, cash flow shortages, accounting deficiencies, and the least critical challenge associated with a lack of advanced technology. The next major finding was that lockdowns, movement restrictions, social distancing, and market closures had significant negative effects on SMEs’ growth. Limitations: Varied responses from SMEs in other regions and industries in the country were not gathered. Furthermore, the research instrument ignored the direct views of SME owners and managers regarding the challenges they encountered. Contributions: The findings are important for entrepreneurs and managers of SMEs, financial institutions, government, and other stakeholders for decision-making purposes. Novelty: The effect of the pandemic has mostly been linked to financial performance. No study in the Ghanaian context has investigated the effect of the COVID-19 pandemic on the growth of trading and manufacturing SMEs.

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“…The challenges impeding on Nigerian entrepreneurs, in an attempt to reduce the financial institution risk perception index of small-scale firms was reviewed by (Ifionu and Akinpelumi, 2017;as cited in Regina et al, 2012). Survey technique was utilized, and measurable investigations revealed that risk appraisal by financers corresponded with the financial records and fund appropriation of small business operators as well as the saving culture of small businesses and how much credit they are willing to give.…”

Section: Theoretical Reviewmentioning

confidence: 99%

“…It was also discovered that access to credit for small firms is influenced by previous turnover, current resource base, the age of the firm and execution goals. Ifionu and Akinpelumi (2017) also reviewed the challenges facing entrepreneurship development in Nigeria as evaluated by (Ofili, 2014). The qualitative research methodology was used, and it was discovered that government policies are not such that promote the growth of SME's.…”

Section: Theoretical Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Entrepreneurial Development and Employment Creation: A Focus on Education and Financial Aid as a Sustainable Option for Youths in Nigeria

Ngele

2020

JGEB

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This paper shades evident light on the launch of entrepreneurial development and employment creation in recent times. The main objective lays bare the value of entrepreneurial development as a plausible option in the creation of employment for youths in Nigeria. From the study, entrepreneurial development is not rooted on a singular fundamental approach. There are other concentrations, such as entrepreneurial education and financial empowerment, which relates to job creation and sustainability. The inquiry investigated how entrepreneurial training and financial empowerment boost employment creation and sustainability for Nigerian youths. The study righty adopts Econometrics analysis while using a time series data from 1992 to 2015 retrieved from the Bureau of Statistics and Central Bank of Nigeria statistical bulletin. The variables stipulated in the inquiry were analyzed using E-views computational software while inculcating the unit root/ Augmented Dickey Fuller test etc for the statistical analysis. The findings divulged that entrepreneurial education triggers the desire for financial freedom in Nigerian youths. The study appreciably recommends that the government instigate policies that pay more attention to entrepreneurial education in tertiary institutions as Nigerian youths are encouraged to improve themselves via entrepreneurial enlightenment.

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The Role of Entrepreneurial Financing on National Output: An Empirical Analysis

Cited by 3 publications

References 16 publications

Credit access and the performance of non-farm household enterprises: evidence from Nigerian data

Credit access and the performance of non-farm household enterprises: evidence from Nigerian data

The growth of SMEs amid the COVID-19 pandemic in Ghana

Entrepreneurial Development and Employment Creation: A Focus on Education and Financial Aid as a Sustainable Option for Youths in Nigeria

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