Medium Scale Enterprises In Nigeria Research Articles

Supply chain management and the performance of small and medium scale enterprises in Nigeria

This paper examined the relationship between supply chain management practices (SCM) and performance of small and medium enterprises (SMEs) in Nigeria. It aimed to explain how SCM practices like strategic suppliers’ alliances, information sharing, and collaborative governance impacts the performance of SMEs in Nigeria. SME success was measured using a continuum of operational efficiency, customer satisfaction, and profitability. To reach the study's goal, a survey research approach was used, with a sample of 352 respondents representing the owners and senior management members of registered SMEs in Nigeria. Because the study depended on quantitative analysis, respondents' opinions were collected using a standardised closed-ended questionnaire. The gathered data was analysed using IBM SPSS 28 and IBM AMOS. The study found a positive and substantial correlation between chosen SCM practices and the performance of SMEs in Nigeria, as shown by the coefficients and p-values (SSA = 0.544; P <.001; IFS = 0.621; P <.001; CGV = 0.673; P <.001). It is therefore argued that SCM techniques such as strategic partnerships with suppliers, information sharing, and collaborative governance have a favourable and significant influence on the performance of SMEs in Nigeria. Consistent with the findings and current literature, this study recommends that Nigerian SMEs form strategic supplier relationships by sharing continuous improvement programs with important suppliers and include key suppliers in their planning and goal-setting processes. Keywords: Supply Chain Management, Strategic Supplier Alliance, Information Sharing, Collaborative Governance, Performance.

The Nexus between Cultural Factors and Entrepreneurial Performance of Small and Medium Scale Enterprises in Nigeria

This research paper presents an empirical investigation into the nexus between cultural factors and entrepreneurial performance of small and Medium Scale Businesses in Nigeria. Africa is a continent dominated by Culture and culture affects daily sales and it also affects demands and supply as well as patronage of any business. This paper is aimed at investigating the effect of cultural factors on entrepreneurial performance as well as ascertaining the nature of relationship between cultural factors and entrepreneurial performance. This research adopted a descriptive survey method. This research used a quantitative approach to data gathering of 200 SME employees through a Likert scaled questionnaire for data analysis. The study concludes through its findings that social network capital, cultural factors, Risk-taking behavior and Work ethic and perseverance have a significant, positive and direct effect on entrepreneurial performance of SMEs in Delta state. The study also revealed that other cultural factors like Attitudes toward Failure and religious beliefs have a significant and direct effect on entrepreneurial performance of SMEs in Delta state. The research paper empirically showed that there is a great and significant relationship between cultural factors and entrepreneurial performance of SMEs in Delta state. The study has proven that people’s culture does affect entrepreneurial performance. Therefore this study recommends that before setting up businesses in any location, a smart entrepreneur should first observe the culture of the people living in that geographical location of the proposed business to ascertain the kind of business that will be most appropriate for the culture of the people there.

The Impact of Infectious Epidemic on Small and Medium Scale Enterprises in Nigeria a Case Study of Coronavirus Disease

The Impact of Infectious Epidemic on Small and Medium Scale Enterprises in Nigeria a Case Study of Coronavirus Disease

The new Naira notes redesign as drivers of the performance of small and medium scale enterprises in Nigeria

The new Naira notes redesign as drivers of the performance of small and medium scale enterprises in Nigeria

Bank Credit and Economic Growth in Nigeria: A Study of Credit Allocations to Small and Medium Scale Enterprises in Nigeria

This study examined bank credit and economic growth in Nigeria. Bank credit was proxied by credit to the agricultural sector SME’s and credit to the manufacturing sector SME’s. On the other hand, economic growth was measured using real gross domestic product. Relevant data were extracted from the annual Statistical Bulletin of the Central Bank of Nigeria. Unit root test was conducted using Augmented Dickey Fuller method which revealed that the variables were integrated at first difference except for loans to the manufacturing sector which was integrated at level. Cointegration test was also conducted to determine long run relationship. More so, the ARDL ECM test was carried out to ascertain the relationship among the variables. The results revealed that a significant relationship exist between back credits to the agricultural and manufacturing sectors SME’s and economic growth; credit to agricultural sector SME’s and economic growth; credit to manufacturing sector SME’s and economic growth. Based on the findings of the study, the study recommends amongst others, the method, mechanisms and processes the banks use in giving and managing these loans to the agricultural and manufacturing sectors, must be maintained and improved on as they have been found to have a positive impact in the economy.

Mediating Effect of Supplier Relations on Organizational Culture and Customer Relations in Measuring Lean Readiness Amongst SMEs: An Importance- Performance -Map Analysis (IPMA)

The study aims to examine the mediating effect of supplier relations on the relationship between organizational culture and customer relations in lean readiness assessment within manufacturing small and medium-scale enterprises in Nigeria. A questionnaire was administered to managers of manufacturing SMEs. Retrieved and usable responses were analyzed using SMART PLS 4 for measurement model, structural model, path coefficient, and Importance-performance map analysis. The study's findings reveal that positive and significant relationship exists between organizational culture and supplier relations. The relationship between supplier relations and customer relations was also positive and significant. Also, supplier relations mediate the relationship between organizational culture and customer relations. The importance-performance map analysis revealed that supplier relations is fundamental regarding lean readiness evaluation before full deployment. The study implies that culture match and alignment between supplier relations and customer relations are sacrosanct for practical lean readiness assessment and effective deployment within manufacturing SMEs. It further emphasizes the importance of supplier relations in achieving full lean readiness. Hence, the study contributes theoretically by examining the indirect role of supplier relations on organizational culture and customer relations. The study also offers insight to small and medium-sized business managers to make effective decisions on lean readiness before full implementation, minimizing the chances of unsuccessful lean deployment.

The Impact of Information Technology on the Management of Small and Medium Scale Enterprise in Nigeria

The objective of this study is to examine the impact of Information Technology to the Management of Small and Medium Scale Enterprises in Nigeria with reference to Ramadan Press Limited, Bauchi, Bauchi State. The research design took both an inferential and a descriptive approach. A sample size of one hundred and thirteen (113) was drawn from the population. A 5 - point Likert scale was developed and validated to collect information from the respondents. The data collected was analyzed with basic descriptive statistics such as frequency and simple percentages. Chi-square analysis was also made. The core findings from the results obtained show that that Information Technology play significant role in the activities and operations of Small and Medium Scale Enterprises (SMEs), that Information Technology has impacted positively on the managerial practice of SMEs and that Information Technology has improved the performance of SMEs. Conclusion was drawn from the summary of the result. Various remarks and recommendations were proffered to the organization of study.

The Moderating Effect of Perceived Organisational Support on Learning Organisation and Company Reputation of Small and Medium Scale Enterprisesin Nigeria

The Moderating Effect of Perceived Organisational Support on Learning Organisation and Company Reputation of Small and Medium Scale Enterprisesin Nigeria

The Moderating Effect of Perceived Organisational Support on Learning Organisation and Company Reputation of Small and Medium Scale Enterprisesin Nigeria

This work empirically established the moderating effect of perceived organisational support on learning organisation and company reputation in Nigeria’s SMEs. This study employed a quantitative research design with an adopted questionnaire to collect data from the Four Hundred and Seventy-Eight (478) managers or owners of small and medium scales enterprises in Lagos, Nigeria. SmartPLS-SEM 4 was used to analyse the data collected. The results of the structural models showed a significantly positive statistical relationship between learning organisation and company reputation. However, perceived organisational support does not moderate the relationship between learning organisation and company reputation. This study's purview lies in Nigeria's small and medium-scale enterprises. Thus, it limits the generalisation of results to big or blue-chip firms. However, further research could be considered in the big establishments or specific industries to support the findings. The study's conclusions have specific applications for owners, managers, and corporate organisations. Business organisations must be deliberately placed to compete in today's intensely dynamic and competitive business environment; as a result, they must ensure that a learning environment is provided and that employees are constantly learning on the job to foster worthwhile delivery and improve firm’s reputation.

The Moderating Effect of Perceived Organisational Support on Learning Organisation and Company Reputation of Small and Medium Scale Enterprisesin Nigeria

The Moderating Effect of Perceived Organisational Support on Learning Organisation and Company Reputation of Small and Medium Scale Enterprisesin Nigeria

THE IMPACT OF FINANCIAL REPORTING ON INVESTMENT DECISION OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

This paper examined the impact of financial reporting on the investment decisions of small and medium-scale enterprises in Nigeria. The study was carried out to determine the challenges facing small and medium enterprises (SMEs) in adopting effective financial accounting reporting in Nigeria and to ascertain the contribution of poor credit facilities to inadequate accounting records in SMEs in Nigeria. Survey methods and time series data were used, and data were collected with questionnaires and the CBN statistical bulletin. The generated data were analyzed with a simple percentage table. The study found that the challenges facing SMEs in the preparation and presentation of financial reports are inadequate accounting books and records, manpower, the accounting system, and not running their transactions through the banking system. The study recommends, among others, that since keeping proper books of account and preparing financial records can only be done by professional accountants, the two main bodies in Nigeria, ICAN and ANAN, should encourage their members to offer free professional service to SMEs in Nigeria.

An Evaluation of the Determinants of Venture Capital Financing of Small and Medium Scale Enterprises in Nigeria

This study investigated the determinants of venture capital firms’ decision to finance small and medium scale enterprises in Nigeria. The basic objectives were to identify and analyse the factors that determine venture capital financing of small and medium scale enterprises in Nigeria.It was hypothesized that there was no significant factor that determined venture capital financing of SMEs. The population of study comprised 7474 SMEs in southwestern Nigeria that registered with Corporate Affairs Commission. Purposive sampling was used to choose two states, namely Lagos and Oyo that had the largest percentage (79.3%) of registered SMEs in Southwestern Nigeria. Slovin’s formula was used to select 374 SMEs in the states using population proportionate to size.The findings of the investigation showed that Profit, growth potential, Corporate Governance, Government Policies and Business Plan were the significant factors that determined venture capital financing of small and medium scale enterprises in southwestern Nigeria. It was recommended that SMEs should acquaint themselves with the factors that determine venture capital firms’ financing and provide the necessary business environment that will attract equity finance from venture capital firms. Equally, venture capital firms were advised to shift emphasis from profit making to long term goals like business size, investor protection and entrepreneurial experience which will ensure the survival of SMEs and benefit all stakeholders.

Electronic Banking: A Panacea to Corporate Customers’ Satisfaction in Small and Medium Scale Enterprises in Nigeria

The study investigated the effect of electronic banking as a panacea to corporate customers’ satisfaction in Nigeria sighting Ekiti State as a case study with a view to establish whether electronic banking tools of ATM, mobile banking, POS, e-banking implementation, awareness of e-banking and service availability of e-banking significantly enhance corporate customers’ satisfaction in Nigeria. This study made use of survey research design that allow for the use of questionnaires to elicit data using Multistage sampling technique to select two hundred and forty (240) respondents from the population covering all the Small and Medium scale Enterprises (SMEs) firms in Ekiti State by first selecting all SMEs firms in Ado-Ekiti and later reduced them to five (5) purposively selected SMEs namely; Laundry, Printing, Bakery, Eatery and Electronics houses all in Ado-Ekiti. The data obtained from the field was processed using statistical package for social sciences (SPSS) computer software and analyzed using descriptive and inferential analysis which involved regression analysis. The result revealed that 0.792 which depicted that 79% of the changes in the corporate customers’ satisfaction is accounted for by the explanatory variables (E-banking tool of ATM, MB, POS, E-banking implementation, Awareness of e-banking and Service availability). It was further discovered that the E-banking tools (ATM, Mobile banking and POS) have positive significant effect which bring about 8.1%, 34.5% and 9.4% increase respectively on the customers’ satisfaction in Nigeria. While the E-banking implementation and awareness of e-banking also have positive and significant effect and can positively increase customers’ satisfaction by 12.3% and 37.5% respectively. The coefficient of service availability on the other hand showed a significant negative effect on customers’ satisfaction (-0.087) implying that a percentage change in service availability will bring about a decrease in corporate customers’ satisfaction by 8.7%. The study therefore concluded premised on the results that electronic banking has significant effect on corporate customers’ satisfaction among Small and Medium Scale Enterprises in Nigeria

Tax Collection, Utilization Systems and the Performance of Small and Medium Scale Enterprises in Nigeria: A Multivariate Approach

In both developed and developing nations, there are a number of empirical studies that had assessed the roles tax revenues play in augmenting economic growth; however, there is a literature gap on what is known about tax collection and utilization system and their effects on small and medium scale enterprises’ performance in developing country like Nigeria. In line with the above, this study was carried out with the view to assess the relationships between tax collection and utilization systems and the performance of small and medium scale enterprises in Nigeria. The theories of expediency and benefits received from tax revenues were employed as the theoretical underpinning and the descriptive survey design involving questionnaire was used. A sample of 190 employees and 50 owners of small and medium scale enterprises were employed, hence the study sample comprised of 240 respondents. The dependent variable is small and mediums scale performance (measured by quality of service, profitability and turnover) while the independent variables are tax collection and utilization systems. Data obtained in the survey were analyzed using descriptive statistics (mean, standard deviation, and Karl Pearson correlation); diagnostic statistics (variance inflation factor) and inferential statistics (multivariate regression). In specific, the multivariate regression result indicated that tax collection and utilization systems negatively and significantly affect SMEs performance in areas of quality of service, profitability, and turnover in Nigeria. It was recommended that Nigerian government should put stringent mechanisms aimed at enhancing the collection and utilization of tax revenues and more importantly, multiple tax collections that seek to frustrate small and medium scale enterprises’ performance should be adequately addressed.

Perceived organisational support and performance of small and medium scale enterprises in Nigeria.

Perceived organisational support and performance of small and medium scale enterprises in Nigeria.

Good Governance and Tax Compliance among SMEs in Nigeria: A Moderating Role of Socio-economic Factors

Tax revenues have become a key factor to governance without which lots of government functions are impeded. There is a constant struggle on taxpayers’ compliance, especially among the small and medium enterprises in Nigeria due to taxpayers’ perceived deficiencies in governance. Specifically, this study was conducted to examine how transparency, accountability, and responsiveness of government influence tax compliance among Small and Medium Scale Enterprises in Nigeria. The study employed the survey research design. Data were collected from primary sources through the use of structured questionnaires distributed to the SMEs at their place of work. The study adopted a Simple random sampling technique. The population of the study consist of 967,468 registered SMEs in Ekiti state. A sample size of 400 was selected using Taro Yamane’s formula. Data collected were analyzed using descriptive statistics, structural equation model analysis, Ordinary Least Square (OLS) and regression analysis. The study found a positive significant relationship between the independent good governance and tax compliance among SMEs in Nigeria. The study concluded that good governance is positively and statistically related to tax compliance among SMEs in Nigeria which is an indication that good governance enhances tax compliance among SMEs in Nigeria. The study therefore recommended that government should also exhibit transparency, accountability and responsiveness in order to build public trust in the operators for tax compliance.

Impact of Innovativeness Dimension of Entrepreneurial Marketing on the Financial Performance of Small and Medium Scale Enterprises in Nigeria

This paper interrogates the impact of innovativeness dimension of entrepreneurial marketing on the performance of small and medium scale enterprises in Nigeria. It showed that effective and efficient entrepreneurial marketing especially innovativeness would go a long way to improve on the overall performance of the small and medium scale enterprise. The meaning of this is that any enterprise (be it small or medium) that effectively invest in product innovation, process innovation, marketing innovation, value innovation, technological innovation among others would grow its market share, sales, turnover, return on investment and more importantly its profitability. More so, innovativeness which enhances the satisfaction of consumers who are referred to as "sovereign" in a free enterprise economy by making varieties of new products available for them facilitates growth and development of the business. It also gives enterprises competitive advantage in the business environment as it increases the gamut of their operation through diversification and quality service delivery. Recommendations made were that: the managers of SMEs should review their strategy for product innovation in relation to the sales growth, turnover, market shares, profitability and return on investment in order to keep their businesses afloat and competitive; the managers are advised to put more emphasis on process innovation in order to develop a more improved strategy that would improve on their performance in the business environment; it is expedient for managers of SMEs to train all employees on entrepreneurial innovativeness especially on strategies for marketing innovation to boost financial and non-financial performance; value innovation needs to be encouraged as it seeks novel ways to create value for customers and fulfill organizational business goals.

The Influence of Location Decisions on the Performance of Women-owned Small and Medium scale Enterprises in Nigeria

The importance of location decisions has been assessed vigorously by a number of studies but these studies have not been able to examine the impact of this variable on the performance of Women-owned small and medium scale enterprises (WSMEs). This paper examined the influence of location decision on the performance of WSMEs. The study adopted a quantitative approach and used a number of methods such as field observations, reference to relevant literature and a questionnaire survey of 58 WSMEs for the study. The study used principal component analysis (PCA), simple mean and standard deviation to analyze the data. The result of the study showed that 41.10% and 29.14 of the WSMEs had experienced a significant increase and relative increase in the performance of their enterprises based on their location while 14.59% of the respondents had not experienced changes in the performance of their enterprises. The PCA result also showed that availability of traditional/economic factors of location (24.97%), infrastructural (21.32%), agglomeration and economies of scale (12.38%), personal interest (9.50%), and Government policy (8.06) were the factors that influenced the location of WSMEs in the study. Location is therefore, an important variable in citing WSMEs.

Effect of Strategic Planning on the Performance of Small and Medium Scale Enterprises in Nigeria, Evidence from Delta State

The study investigated the connection between success in the SME sector and the adoption of strategic planning. Despite what appears to be improved institutional support for the sector and an apparent increase in interest in starting small and medium-sized businesses in Nigeria, performance seems to be falling short of expectations. According to several reports, the poor performance of SMEs may be caused by a variety of attitudes toward strategic planning. With the use of SPSS, a descriptive and regression analysis was performed. Findings of the study include the fact that market share growth in Delta state was significantly and favorably impacted by the implementation of strategic plans. In Delta State, there was a substantial and favorable correlation between the development of the strategic plan and the profitability of small and medium-sized enterprises. The examination of cross-functional decisions has a considerable and favorable impact on customer satisfaction in Delta State. The use of strategic planning as a concept and method to achieve organizational performance is recommended for the Small and Medium Enterprises in Delta State, Nigeria.

Determinants of Tax Non-compliance Behaviour of Small and Medium Scale Enterprises in Nigeria

The unpredictable nature of crude oil prices in the market requires the government of any economy to develop solid tax bases by generating income from sources especially small and medium enterprises (SMEs) to guarantee revenue that can engender sustainable fiscal policy. This study, therefore, focuses on evaluating and prioritizing the motive toward tax compliance and avoidance among registered SMEs, with at least five years of operational experience, in Lagos, Nigeria. A cross-sectional survey design was adopted with primary data gathered from 382 SME owners/managers derived from the multi-stage sampling technique. Utilizing the Analytical Hierarchy Process (AHP), data gathered were analysed. The results revealed that, out of the six tested, economic criteria and their factors are the most important criteria influencing both tax avoidance and compliance decision. Moreover, to strategically enhance SMEs’ tax compliance, government spending, economy, and fiscal policy need to be logically positioned in favour of SME operators.