Abstract
Small and Medium Enterprises are the major engine room for growth of every nation.In recent times, studies have shown that business processes have become complex and these have affected the sustainability of SMEs. Changes in business processes require organizations to be dynamic and exploit opportunities perceived to influence performance of small and medium enterprises (SMEs). The study examined the effect of financial reengineering on the growth in performance of SMEs in Nigeria. The study employed survey research design. The sampled population was 11,663 SMEs in Lagos State,the business heartbeat of Nigeria. Using Taro Yamane formula, Sample size was 387. The owners/managers of these SMEs were selected through a multi-stage sampling technique involving stratified and proportionate sampling method. 387 copies of structured questionnaire were administered with a retrieval rate of 100%. Cronbach alpha coefficient ranged from 0.707 to 0.832. Descriptive and inferential statistics were used for data analysis. The findings revealed that financial re-engineering has significant effect on sales growth of SMEs.........
Highlights
Crime related stories are an irrefutable aspect of media today
The results show that television news crime viewing, crime drama, and social media crime video exposure is positively associated with fear about crime
Perceived risk was insignificantly positively related to perceived control while significantly related to fear about crime
Summary
Crime related stories are an irrefutable aspect of media today. Previous studies have shown a positive relationship between television news viewing and concern about the crime under the framework of cultivation theory (Custers and Van den Bulck, 2013; Romer et al, 2003). The indirect link among television and fear about crime has been explored in many studies (Custers and Van den Bulck, 2013;2015), but little attention has been paid that how exposure to social media crime videos is directly and indirectly associated with fear about crime. Cognitive factors of fear of crime played a mediatory role between the relationship of exposure and concern of crime. Fewer studies have kept their focus on university students because several studies took the adult as their participants (Grabe and Drew, 2007; Kort-Butler and Hartshorn, 2011). It is necessary to study this part of the population because they spend more time on different media platforms (Rideout et al, 2010) and media helps them to build their ideas, beliefs, values and thinking patterns (Arnett, 2007)
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