Macroeconomic Business Environment  and the Development of Small and Medium Enterprises in Nigeria

Oladimeji, Moruff Sanjo; Sofoluwe, Nurudeen Afolabi; Odunaya, Henry Adewale

doi:10.7862/rz.2021.mmr.27

Cited by 4 publications

(3 citation statements)

References 10 publications

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“…Furthermore, SMEs are pivotal in employment generation, enhancing regional economic stability, and promoting effective resource utilization for economic development (Al-Haddad et al, 2019;Samadzad & Hashemi, 2022;Oladimeji et al, 2021). They are recognized for their importance in economic and social roles globally (Matejun & Szczepańczyk, 2013).…”

Section: Job Creation and Economic Diversification 1 Entrepreneurship...mentioning

confidence: 99%

The Role of Entrepreneurship in Economic Resilience

Khuan

2024

DEMAND

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The concept of economic resilience is multidimensional, encompassing factors like resistance, recovery, and adaptability to mitigate the impact of economic shocks. Drawing from various disciplines, theoretical frameworks highlight its interdisciplinary nature. Economic resilience plays a crucial role in responding to crises, with entrepreneurship emerging as a key component. Despite challenges such as resource constraints and regulatory barriers, proactive policies can foster resilient entrepreneurship. By promoting innovation, supporting access to capital, and enhancing entrepreneurial education, policymakers can build a resilient ecosystem that drives economic prosperity and sustainability. Collaboration among stakeholders is vital for realizing this vision.

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Section: Job Creation and Economic Diversification 1 Entrepreneurship...mentioning

confidence: 99%

The Role of Entrepreneurship in Economic Resilience

Khuan

2024

DEMAND

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“…The issue of small and medium enterprises has taken great interest by researchers, specialists, and governments alike, compared to the previous one, as attention was focused only on the major enterprise as the unique generator of wealth and work, but soon the view was reversed after the emergence of the increasing importance of the sector of small and medium enterprises, which it is often associated with the name of the entrepreneur. Small and medium-sized businesses have long been recognized as a source of economic development and progress (Oladimeji, Sofoluwe, Odunaya, 2021).…”

Section: Performance Of Small Businessesmentioning

confidence: 99%

The Effect of Entrepreneurial Self-Efficacy on the Performance of Small Businesses in Algeria: A Case Study in Skikda

Messikh

2022

mmr

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The main purpose of this paper is to examine the impact of entrepreneurial self-efficacy (ESE) as one of the dimensions of entrepreneurial spirit on the performance of Small Enterprises (PSEs) in Skikda, Algeria. Based on a self-administered survey questionnaire, data were collected from a random sample of 136 small enterprises (owners) in Skikda. The study adopted both descriptive and regression analyses to estimate the impact of entrepreneurial self-efficacy. Collected data were analyzed using the Statistical Package for Social Sciences (SPSS 23). The findings demonstrate that self-efficacy significantly affects the performance of small enterprises in Skikda. Where 27.7% of changes in the level of small business performance are the result of changes in entrepreneurial self-efficacy, which is considered a mediocre effect, which can be explained by the presence of other factors affecting the performance of these enterprises. However, the presence of this positive impact calls for focusing on raising the self-efficacy of Algerian entrepreneurs.

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“…This study comes to broaden the analysis by incorporating several dimensions of doing business, such as the business extend disclosure index, the cost of business startup, and the time required to start a business, together with three other macroeconomic factors such as in ation, exchange rate, and lending interest rate. Oladimeji et al (2021) in a study to assess the impact of the macroeconomic environment on the development of Small and Medium Scale Enterprises (SMEs) in Nigeria employed descriptive statistics and a multiple regression approach on secondary annual time series data on the global macro-economic index of SME businesses from 1985 to 2019. The study found that growth in the GDP exerts a positive and statistically signi cant positive impact on Purchasing Power Parity (PPP), while in ation and the exchange rate negatively in uence SME development in Nigeria.…”

Section: Literature Reviewmentioning

confidence: 99%

Balancing the Imbalances in Africa’s Root to Economic Development: Does the Business Environment Matter

Mwimba

Mumuni

2022

Preprint

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This study employed the Newey West and Quantile Regression estimators on data spanning the period 2004 to 2019 for 35 selected African countries to determine the role of the business environment in achieving sustainable economic growth and development in Africa. The study uses three variables to denote the business environment, including but not limited to the business extent disclosure index, the cost of business start, and the time required to start a business. Additionally, the study included three macroeconomic indicators, such as the lending interest rate, the inflation rate, and the official exchange rate together with net inflows of foreign direct investment. The results reveal that the business extent disclosure index and the inflation rate stimulate economic growth in Africa. In contrast, the higher cost associated with starting a business, the longer time required to start a business, higher lending interest rates, exchange rate volatility, and net foreign direct investment inflows have growth-limiting effects on African economies. The findings provide practical implications for policy change toward addressing the loopholes in Africa's quest for sustainable economic growth and development.

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Macroeconomic Business Environment and the Development of Small and Medium Enterprises in Nigeria

Cited by 4 publications

References 10 publications

The Role of Entrepreneurship in Economic Resilience

The Role of Entrepreneurship in Economic Resilience

The Effect of Entrepreneurial Self-Efficacy on the Performance of Small Businesses in Algeria: A Case Study in Skikda

Balancing the Imbalances in Africa’s Root to Economic Development: Does the Business Environment Matter

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