Financing the growth of SMEs in Africa: What are the contraints to SME financing within ECOWAS?

Quartey, Peter; Turkson, Festus Ebo; Abor, Joshua Yindenaba; Iddrisu, Abdul Malik

doi:10.1016/j.rdf.2017.03.001

Cited by 199 publications

(233 citation statements)

References 20 publications

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“…Other previous researchers (Ayyagari et al, 2011;WBG, 2015;Appiah, et al, 2018) have equally reported on various credit constraints confronting SMEs investments strive. Competition has also been widely reported (Bouazza et al, 2015;Quartey et al, 2017;Appiah, et al 2018), entrepreneurial capabilities had equally received research attention (Kazimoto, 2014;Abood et al, 2014, Bouazza et al, 2015, corruption among regulators poses serious investment challenge (Abood et al, 2014;Bouazza et al, 2015) and inadequate institutional support (Bouazza et al, 2015;Appiah et al, 2018) and more recently. For instance, Appiah et al (2018) avowed that policy environment has the antidote to drastically reduce the plight of SMEs appropriately managed.…”

Section: Discussionmentioning

confidence: 99%

“…This implication supports a pool of literature earlier reported on SMEs investment barriers. For instance Quartey et al (2017) asserted that inspite of the tremendous contributions offer by SMEs, number of challenges continues to limit SMEs growth and expansion strive citing lack of formalization and credit access as instances. Other previous researchers (Ayyagari et al, 2011;WBG, 2015;Appiah, et al, 2018) have equally reported on various credit constraints confronting SMEs investments strive.…”

Section: Discussionmentioning

confidence: 99%

“…SMEs definition vary (Quartey et al, 2017;Ayyagari et al, 2011;Dalberg, 2011;Abor & Quartey, 2010;Ghatak, 2010) across countries based on the number of employees, value of assets and annual turnover of enterprises. As postulated by International Labour Organization (ILO) (2015) micro enterprises are enterprises with up to ten employees, small enterprises as enterprises between 10 to 100 employees and medium-sized enterprises as enterprises between 100 to 250 employees.…”

Section: Introductionmentioning

confidence: 99%

“…These challenges stretch across the entire value chain of the SMEs operational areas. These constraints include; finance/credit access (Ayyagari et al, 2011;Khaled, 2012;WBG, 2015;Quartey et al, 2017;Appiah, et al 2018), competition, (Bouazza et al, 2015;Quartey et al, 2017;Appiah, et al 2018), entrepreneurial capabilities (Kazimoto, 2014;Abood et al, 2014, Bouazza et al, 2015 human resource capabilities (Farsi & Toghraee, 2014;Bouazza et al, 2015), technological capabilities (Bouazza et al, 2015Farsi & Toghraee, 2014, managerial capabilities (Bouazza et al, 2015;Quartey et al, 2017) corruption among regulators (Abood et al, 2014;Bouazza et al, 2015), inadequate information access (Farsi & Toghraee, 2014;Appiah), inadequate institutional support (Bouazza et al, 2015;Appiah et al, 2018). In a recent study Appiah etal.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Applicability of theory of constraint in predicting Ghanaian SMEs investment decisions

Appiah¹,

Possumah²,

Ahmat³

et al. 2018

Journal of International Studies

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Applicability of theory of constraint in predicting Ghanaian SMEs investment decisions

Appiah¹,

Possumah²,

Ahmat³

et al. 2018

Journal of International Studies

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show abstract

“…Moreover, SMEs at the same time are too large to benefit from MFIs loans and forms of financial support provisions (Quartey, Turkson, Abor, & Iddrisu, 2017).…”

Section: Introductionmentioning

confidence: 99%

Microfinance training and the number of loans received by SMEs. An empirical evidence from emerging economy

Sani¹,

Mohd-Khan²,

Noor³

2018

BEH

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Abstract:The objective of this study is to examine the impact of Microfinance training, Trust and Social ties on the Number of loans received by small and medium-scale enterprises (SMEs) in developing economies. Poisson regression model is used as the method of analysis. 195 SMEs in North-Eastern Nigeria form the sample of the study based on two-stage sampling and simple random sampling technique. The results reveal that Social ties, Location, and Nature of operation have a significant positive relationship with the Number of loans receives by SMEs. Similarly, the Number of training and Trust have significant positive impact on the Number of loans received; however, they demonstrate the least impact as compared with the other variables based on the level of significance. JEL Classifications: G21

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Achieving competitive advantage through bricolage: A small business perspective

Abukari,

Wenyuan,

Pomegbe

et al. 2023

Bus Strat Dev

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The entrepreneurial bricolage theory has been connected to a wide range of organizational phenomena, including innovation, firm performance, social entrepreneurship, and opportunity identification. Regrettably, research in this domain is yet to significantly heighten understanding of its connection to competitive advantage, which has been touted as the ultimate goal of any strategic business. This study reverses this trend by looking at the impact of entrepreneurial bricolage on competitive advantage as well as the mediating effect of resource orchestration capability in the relationship. Based on survey data administered to 413 small business enterprises (SBEs), structural equation modeling was used to analyze the results. Results show that entrepreneurial bricolage was significantly related to competitive advantage. Resource orchestration capability partially mediated the relationship between entrepreneurial bricolage and competitive advantage. A novel finding of this study documents resource orchestration capability and entrepreneurial bricolage as antecedents of competitive advantage, which has been missing in prior literature. The study concludes with theoretical and managerial implications and also proffers future research direction.

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Financing the growth of SMEs in Africa: What are the contraints to SME financing within ECOWAS?

Cited by 199 publications

References 20 publications

Applicability of theory of constraint in predicting Ghanaian SMEs investment decisions

Applicability of theory of constraint in predicting Ghanaian SMEs investment decisions

Microfinance training and the number of loans received by SMEs. An empirical evidence from emerging economy

Achieving competitive advantage through bricolage: A small business perspective

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