Government's impact on the venture capital market and small-medium enterprises' survival and growth in East Africa, evidence from Uganda

Kato, Ahmed I.; Chiloane-Tsoka, Germinah Evelyn

doi:10.35683/jcm20125.123

Cited by 3 publications

(1 citation statement)

References 38 publications

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“…According to Kato and Germinah (2021), 63% of the respondents in their study confirmed the positive impact of the government's involvement in enhancing the development of early-stage firms. Considering these results, the higher percentage suggests commendable success and the growth of enterprises.…”

Section: Discussionmentioning

confidence: 83%

SMEs, Success, and Capital Startups: Evidence from the Service Sector in South Africa

Ogujiuba

Olamide

Boshoff

et al. 2023

Administrative Sciences

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Financing has been identified as a major stumbling block to the effective launch and long-term success of SMEs, particularly in emerging economies. However, little is known about the impact of capital startups on SMEs’ performance in South Africa. Thus, the aim of this article is to compare differences in business success for three different levels of Capital startups and to determine the impact of capital startups on SMEs’ performance. The analysis was premised on a two-tail hypothesis test that the average weights of the three groups are different. The Cronbach Alpha test and the test–re-test reliability approach on the survey instrument indicated values of 0.70 and 0.875, respectively. A one-way between-groups analysis of variance was conducted startup. There was a statistically significant difference at the p < 0.05 level in scores for the three groups (F (2, 477) = 12.967 p = 0.0000). Post hoc comparisons using the Tukey HSD test indicated that the mean scores for Group 1 (M = 19.93, SD = 6.343) were significantly different from Group 2 (M = 20.94, SD = 2.309) and Group 3 (M = 21.73, SD = 2.880). Despite reaching statistical significance, the actual difference in mean scores between the groups was quite small. The one-way ANOVA approach indicates that finance (startup capital) remains a significant impediment to the effective launch of service-providing SMEs. It is recommended that SMEs who want to raise startup capital must create a solid business plan or build a prototype to sell the idea. This will assist them in discussions with venture capitalists, angel investors, banks, or other financial institutions.

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Section: Discussionmentioning

confidence: 83%

SMEs, Success, and Capital Startups: Evidence from the Service Sector in South Africa

Ogujiuba

Olamide

Boshoff

et al. 2023

Administrative Sciences

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Impact of Government Guidance Funds and Local Financial Environments on Chinese Industrial Enterprises’ Performance

Liu

2024

Kobe University Monograph Series in Social Science Research

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Building resilience and sustainability in small businesses enterprises through sustainable venture capital investment in sub-Saharan Africa

Kato

2024

Cogent Economics & Finance

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Government's impact on the venture capital market and small-medium enterprises' survival and growth in East Africa, evidence from Uganda

Cited by 3 publications

References 38 publications

SMEs, Success, and Capital Startups: Evidence from the Service Sector in South Africa

SMEs, Success, and Capital Startups: Evidence from the Service Sector in South Africa

Impact of Government Guidance Funds and Local Financial Environments on Chinese Industrial Enterprises’ Performance

Building resilience and sustainability in small businesses enterprises through sustainable venture capital investment in sub-Saharan Africa

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