Microfinance banks and growth of micro, small and medium enterprises in emerging economies: Evidence from Nigeria

Akinadewo, Israel S.

doi:10.24052/bmr/v11nu02/art-01

Cited by 3 publications

(6 citation statements)

References 7 publications

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“…According to Aladejebi (2019), the majority of small to medium enterprises experience positive sales growth through participation in micro-credit schemes, which results in increased sales revenue. According to research done by Akinadewo (2020), there is a positive nexus between microfinance products and SME growth. MFI loans have a positive connection with SME sales growth.…”

Section: Firm Sizementioning

confidence: 99%

“…The positive changes showed that Small to Medium Enterprises are mainly using Microfinance loans for business purposes. According to Akinadewo (2020), microfinance banks and other microfinance institutions have been confirmed to have a positive impact on smallto medium-sized enterprise profits. Variables such as profitability have been examined, and their connection to microfinance loans has been proven.…”

Section: Mfi Loans and Sme Profitabilitymentioning

confidence: 99%

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The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

Mveku,

Mutero,

Nyamwanza

et al. 2023

Int. J. Manage. Entrep. Soc. Sci. Hum.

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The study was conducted in the Midlands province of Zimbabwe, focusing on four towns: Kadoma, Kwekwe, Gweru, and Zvishavane. The study examines the establishment of microfinance institutions, which results in the growth of small to medium enterprises. Many SMEs in the Midlands province are finding it difficult to grow their business due to a lack of capital and the ability to access bank loans. The study aimed to determine the significance of microfinance establishments on the growth of small- to medium-sized enterprises in Zimbabwe. A descriptive research design was adopted. The study's sample size was 94 SME owners specialising in agriculture, mining, vending, groceries, beauty salons, auto repairs, transport services, and fast foods in the Midlands province. Data was analysed using Pearson correlation and simple linear regression. The study results showed a strong positive relationship between microfinance loans and Small to Medium Enterprise sales growth, as evidenced by a correlation coefficient 0.989. The results showed that microfinance loans positively affect the profitability of SMEs. The study also found that access to finance, competition, hyperinflation, and high taxes are the challenges affecting SMEs' firm size. The study shows several ways which can be done to improve the growth of SMEs, such as the extension of loan repayment tenure, review of lending policies, and lending SMEs higher packages for accomplishing their projects. The government should implement policies that find ways to reduce inflation, lower tax charges on SMEs, and draft policies that promote the development of SMEs in the country.

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Section: Firm Sizementioning

confidence: 99%

Section: Mfi Loans and Sme Profitabilitymentioning

confidence: 99%

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

Mveku,

Mutero,

Nyamwanza

et al. 2023

Int. J. Manage. Entrep. Soc. Sci. Hum.

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“…Financial reporting quality refers to the extent to which financial information presented by a company in its financial statements accurately and faithfully reflects the economic reality of its underlying transactions and events [19]. High financial reporting quality implies that the financial statements are reliable and transparent, and provide users with a true and fair view of the company's financial position, performance, and cash flows [1]. Financial statements should be free from material errors or omissions, providing users with dependable information for decisionmaking.…”

Section: Financial Reporting Qualitymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…Financial reporting plays a pivotal role in providing relevant information to stakeholders, enabling them to make informed decisions about investments [1]. However, the prevalence of financial fraud and misreporting has raised concerns about the accuracy and reliability of financial statements [1]. In the dynamic landscape of corporate governance, the role of whistleblowing mechanisms has become increasingly prominent, serving as a crucial tool in promoting transparency, accountability, and ethical conduct within organizations.…”

Section: Introductionmentioning

confidence: 99%

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Effect of Whistleblowing Mechanisms on the Financial Reporting Quality of Quoted Multinational Oil and Gas Firms in Nigeria

Boluwaji,

Igbekoyi,

Osatuyi

et al. 2023

AJEBA

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In the dynamic landscape of corporate governance, the role of whistleblowing mechanisms has become increasingly prominent, serving as a crucial tool in promoting transparency, accountability, and ethical conduct within organizations. This study aimed to explore the effect of whistleblowing mechanisms on financial reporting quality in quoted multinational oil and gas firms in Nigeria. This study utilized a qualitative method to examine financial data, incorporating qualitative perspectives gathered through the distribution of questionnaires among accountants and key stakeholders of quoted multinational oil and gas firms in Nigeria. Out of the 185 questionnaires disseminated, 168 were appropriately completed and returned. The analysis of the collected data in this research employed both descriptive and inferential statistical methods. The study found a positive and significant correlation between well-established whistleblowing mechanisms and improved financial reporting quality. Specifically, Reporting Mechanisms (REM), Protection Mechanisms (PRM), and Investigation Mechanisms (INM) were individually analyzed, and all demonstrated a statistically significant and positive effect on financial reporting quality. The findings highlight the importance of effective reporting processes, protection measures for whistleblowers, and robust investigation procedures in enhancing transparency, accountability, and the reliability of financial information within multinational oil and gas firms. In conclusion, the study affirms that a well-functioning whistleblowing system, comprising reporting, protection, and investigation mechanisms, is crucial for enhancing financial reporting quality in the multinational oil and gas firms in Nigeria. The study recommends that the multinational oil and gas sector should invest in and enhance reporting mechanisms to ensure effective and reliable channels for employees to report concerns related to financial matters.

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Effect of Enterprises Management on the Performance of Poultry Farming in North Central Nigeria

Nwaubani,

Ugochukwu,

Daniel

et al. 2023

Design, Construction, Maintenance

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In Nigeria, despite the enormous contribution of MSMEs to the development of the agricultural sector is plagued by severe funding constraints. This study investigates the effect of enterprise management on the performance of Micro, Small, and Medium Scale poultry farming in North Central Nigeria. Other specific objectives are: Examine the extent to which strategic orientation affects the growth of poultry farmers in North Central Nigeria, Investigate how resource orientation influences the profitability of poultry farming in North Central Nigeria, Evaluatethe degree to which management structure improve the performance of poultry farming in North Central Nigeria, Examine the extent to which growth orientation influence the performance of poultry farming in North Central Nigeria, Examine the extent to which entrepreneurial culture influence the performance of poultry farming in North Central Nigeria, Investigate the effect of Reward philosophy on profitability of poultry farming in Nigeria. The study utilized mixed methods research design based on a population of five hundred and six (506) registered livestock farmers across North Central comprising of Kogi, Benue, Plateau, Niger, Kwara, Nasarawa and Abuja from which a multi-stage sample of two hundred and twenty-three (223) sample arrived using Taro Yamane’s size calculation formula. The data collected through a well-structured questionnaire was analyzed using both simple percentage and regression analysis at, 0.05 alpha level of significance. The study found that there is a significant and positive relationship between strategic orientation, management structure, entrepreneurial culture and business growth, profitability and business sustainability of poultry farming. It was also found that assets strategic orientation has a significant positive effect on business growth. In addition, the study found that management structure has a positive significant effect on profitability. Finally, it was established that government subsidies is a common denominator used in promoting business sustainability for young graduate poultry farmers. The study submitted that enterprise management play a significant role in promoting economic the growth of poultry farming operating in the agricultural sector. Among others, the study recommended that financial and technical support should be provided for small-scale business enterprises across sectors especially those into poultry farming. Also, the government should provide conducive macroeconomics that will raise the creation of decent jobs through the Agricultural sector.

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Microfinance banks and growth of micro, small and medium enterprises in emerging economies: Evidence from Nigeria

Cited by 3 publications

References 7 publications

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

Effect of Whistleblowing Mechanisms on the Financial Reporting Quality of Quoted Multinational Oil and Gas Firms in Nigeria

Effect of Enterprises Management on the Performance of Poultry Farming in North Central Nigeria

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