Managing Human Capital Development In Small And Medium-Sized Enterprises For Sustainable National Development In Nigeria

Chidi, Christopher Odogwu; Shadare, Oluseyi A.

doi:10.19030/ijmis.v15i2.4158

Cited by 12 publications

(13 citation statements)

References 16 publications

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“…The experience possessed by individuals will improve performance in a business because with experience a person will act quickly when there is a problem in his business. In addition, the existence of training and education will add insight in becoming an MSME entrepreneurs [39].…”

Section: Hypothesis Developmentmentioning

confidence: 99%

The Role of Intellectual Capital on Financial Performance of SMEs

Daat¹,

Sanggenafa²,

Larasati³

2021

ujaf

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Section: Hypothesis Developmentmentioning

confidence: 99%

The Role of Intellectual Capital on Financial Performance of SMEs

Daat¹,

Sanggenafa²,

Larasati³

2021

ujaf

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“…In a comparable vein, Maziriri and Mapuranga's (2017) analysis of the effect of bookkeeping practices on the business execution of SMEs in South Africa indicated that planning emphatically impacts the entrepreneurial performance of SMEs. Additionally, an investigation by Chidi and Shadare (2011) in Nigeria, concentrating on challenges facing human capital improvement in SMEs, found that a lack of understanding of the budgeting process impedes the execution of the SMEs. As such, the following can be hypothesised: H2: Budgeting financial literacy positively and significantly impacts entrepreneurial performance of SMEs.…”

Section: Entrepreneurship Education and Entrepreneurial Performance Of Small And Medium-sized Enterprisesmentioning

confidence: 99%

Modelling key predictors that stimulate the entrepreneurial performance of small and medium-sized enterprises (SMEs) and poverty reduction: Perspectives from SME managers in an emerging economy

Maziriri¹,

Chivandi

2020

Acta Commercii

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“…The result obtained from testing this hypothesis is also in agreement with a survey conducted by Maziriri and Mapuranga (2017), who examined the impact of management accounting practices on the business performance of SMEs in South Africa and found that budgeting positively influences the business performance of SMEs. Moreover, a study conducted by Chidi and Shadare (2011) in Nigeria, focusing on challenges confronting human capital development in SMEs, found that lack of understanding of the budgeting process was detrimental to the performance of the SMEs.…”

Section: Discussion Of Resultsmentioning

confidence: 99%

Self-service banking and financial literacy as prognosticators of business performance among rural small and medium-sized enterprises in Zimbabwe

Maziriri

Mapuranga

Madinga

2018

The Southern African Journal of Entrepreneurship and Small Busi

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Background: This investigation breaks new ground by examining an inventive monetary approach (the utilisation of technology-based self-service banking, borrowing financial literacy and budgeting financial literacy) that, if embraced by rural small and medium-sized enterprises (SMEs), can enhance business performance. Despite the expanded readiness of technology, the significance of rural SMEs has largely been overlooked, particularly in developing countries of Southern Africa. Therefore, the principal objective of this study is to fill this void. Aim:The current study aims to investigate the impact of technology-based self-service banking, borrowing financial literacy and budgeting financial literacy on the business performance of rural SMEs within the agricultural sector of Zimbabwe.Setting: In this study, data were collected in the rural area of Bindura, Zimbabwe. Method:The study utilised a quantitative research design using a structured questionnaire. Data was collected from 151 managers, SME owners and heads of accounting departments within rural SMEs that are operating in the rural area of Bindura. Smart partial least squares was used to analyse the data.Results: Technology-based self-service banking, borrowing financial literacy and budgeting financial literacy had a positive and a significant impact on business performance. Therefore, all three hypotheses were supported. Hence, the study's findings validate the assertion that prognosticators such as technology-based self-service banking, borrowing financial literacy and budgeting financial literacy are instrumental in stimulating business performance among rural SMEs in Zimbabwe. A robust relationship was also found between budgeting financial literacy and business performance. Conclusion:This study offers fruitful implications to academics by making a significant contribution to finance, accounting and small business management literature by systematically exploring the impact of technology-based self-service banking, borrowing financial literacy and budgeting financial literacy on business performance. This study stands to add new knowledge to the present body of finance, accounting and small business management literature in Africa -a context that is often ignored by academics in developing countries.

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Managing Human Capital Development In Small And Medium-Sized Enterprises For Sustainable National Development In Nigeria

Abstract: This study investigated the challenges confronting human capital development in small and medium-sized enterprises (SMEs)

Cited by 12 publications

References 16 publications

The Role of Intellectual Capital on Financial Performance of SMEs

The Role of Intellectual Capital on Financial Performance of SMEs

Modelling key predictors that stimulate the entrepreneurial performance of small and medium-sized enterprises (SMEs) and poverty reduction: Perspectives from SME managers in an emerging economy

Self-service banking and financial literacy as prognosticators of business performance among rural small and medium-sized enterprises in Zimbabwe

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