Determinants of growth of smes. html>wfzmw
Determinants of growth of smes. Tobit model was used for the analysis.
J. Dec 24, 2016 · To examine the drivers of small- and medium-sized enterprise (SME) growth, we adopt a holistic multivariate modelling approach, integrating macroeconomic determinants with the internal (firm characteristics and firm strategy) drivers more commonly investigated in firm growth studies. , 2003). There are authors developing different types of models in order to obtain evidence Aug 1, 2022 · Small and medium-sized businesses (SMEs) played a significant role in domestic employment and inclusive GDP in developing countries such as Ethiopia. Starting from the idea that firm growth is not only a random process but that some regularities may be emphasized, we consider a growth model that combines different elements presented as Determinants of SME growth. Jun 1, 2017 · The overall objective of this study is to examine SMEs access to finance within the West African sub-region with particular interest in establishing whether there are similarities and/or differences in the determinants of SMEs’ access to finance across countries in SSA. There are Jan 1, 2015 · Volume 14 (2015) Determinants of SME Growth 4 hasten the development, survival and growth of SMEs in the African region, the performance of SMEs in Africa has been Purpose The purpose of this study is to examine determinants of profitability of non-financial firms listed small- and medium-sized enterprises (SMEs) in the UK from 2012 till 2020. By conducting an Even though small and medium-sized enterprises’ (SMEs) share of world trade still remains much lower than that of larger firms, numerous studies indicate that many SMEs are nevertheless very active abroad, and rely increasingly on the development of foreign markets to ensure corporate growth. Nov 9, 2023 · Michaelas et al. Many determinants of firm growth are summarized and classified into three dimensions: individual, organizational, and environmental determinants. Jan 1, 2020 · Request PDF | On Jan 1, 2020, Boris Urban published The interplay between institutional factors and experience as determinants of employment growth in South African SMEs | Find, read and cite all Volume 14 (2015) Determinants of SME Growth 22 Table 9: Industry sector and its influence on SME growth Type of industry Sales Remained Decreased the same Increased Total Manufacturing 4 3 13 20 16. REFERENCES [1] Audretsh D. 1, 2020 1 The interplay between institutional factors and experience as determinants of employment growth in South African SMEs Boris Urban Wits Business School, University of the Witwatersrand, 2 St. By focusing on two growth strategies of Jan 30, 2016 · research shows that the growth of SMEs is determined by the owner/manager characteristics (personal approach), and how the strategy is taken (managerial approach). 6%. 1108/MRR-04-2015-0093) Purpose The purpose of this paper is to study the firm-level financial variables affecting the growth of small and medium-sized enterprises (SMEs). Jul 8, 2021 · The formulation of the framework is based on a review of the literature on determinants of the capital structure of SMEs and studies related to SME financing. 2. Hence, this chapter builds on a growing body of literature that attempts to develop and test conceptual frameworks to understand the strategic determinants of small firm’s growth. More over from the three dimensions of growth determinants, organizational determinants adversely affect the growth of SMEs. This study suggests a hierarchical model based on the Technology–Organization–Environment (TOE) model with three main dimensions and nine sub-dimensions for SMEs that implemented digital transformation in the emerging economy. SMEs play a vibrant role in the development of an economy. Empirical evidence has also been provided from a data set of SMEs in Apr 30, 2021 · PurposeThe main purpose of this study is to increase the scholarly understanding of managerial growth aspirations in small firms. , 1995). We collect the data using a survey This research aims to give an overview of determinants SMES growth in Kenya. Aug 1, 2022 · Small and medium-sized businesses (SMEs) played a significant role in domestic employment and inclusive GDP in developing countries such as Ethiopia. This study investigates the firm and country specific determinants of the financial constraint levels of SMEs in selected emerging Western Balkan economies. Moreno and Casillas (2007) focused on the identification of the distinguishing factors of high growth SMEs, and they showed that rapid-growth firms are Originality/value – Studies that examine econometric determinants of the growth of SMEs in Africa, and especially in Cameroon are few indeed. Existing studies mostly use proxy performance indicators and relatively general determinants of the performance of SMEs. Another feature that quantile regression allows to capture is fact that the bigger the growth performance of firms, the Jul 17, 2021 · This study aims to investigate the socioeconomic determinant factors that affect the growth of micro and small enterprises (MSEs) in North Wollo and Waghimira Zone selected towns. Sep 27, 2019 · The study seeks to investigate the determinants of small to medium enterprises (SMEs) growth in developing countries with a special focus on Zimbabwe. The present study aims to identify key contributors, key areas, current dynamics, and suggests future research directions in the field of the capital Jul 17, 2019 · 1. , 2019). For the empirical analysis, panel data methods are applied to a sample of firms from all regions of Spain for the period 2004–2007. A survey was conducted on 199 Apr 27, 2016 · This paper examined the determinants of Small and Medium Enterprises (SMEs) growth in the Tamale Metropolis, Ghana using logistic regression. Jan 1, 2022 · Results of analyses indicated that the major significant determinants of the growth rate of SMEs in Nigeria were bank loan to SMEs at two previous years, government expenditure to SMEs at previous Jun 29, 2020 · Purpose The purpose of this study was to examine micro and small scale enterprises’ growth determinants operating in Benishangul-Gumuz Regional State of Ethiopia as emerging region. Mean ratio of NDTS is 4% for service SMEs in India. Globally, the most successful companies use financial records as a basis for performance of SMEs. As a result, MSE occupy a prominent position in the development agenda of Ethiopia. To achieve the “general and specific objectives”, this study was investigated external and internal factors affecting the growth of SMEs. 1. , David’s Place, Parktown, Johannesburg, 2193, South Africa Email: boris. Growth Determinants of Small Medium Enterprises (SMEs). The five most significant obstacles perceived by SMEs managers were identified as – “access to finance”, “tax rate”, “competition”, “electricity” and “political factors”. May 4, 2018 · Moreover, our intent is also to contribute to the ongoing scholarly conversation on the value of intangibles as strategic resources to SMEs business growth. In this study, a cross-sectional research design with both descriptive and explanatory research design has been employed, and 303 owners of enterprises have participated. Other Variables Affecting SME Growth In the literature related to SME growth, in addition to financing obstacles, the crucial roles of characteristics of firms and the external business environment are recognized. INTRODUCTION mall and Medium Enterprises (SME) have continued to gain more importance for their role in global economies. Investment and growth of SMEs has been found to be positively influenced by accessibility to business credit (Kapunda et al. Binomial Logit is employed to find out the role of firm-specific factors along with owner/manager Concerning economic growth, many statistical results worldwide show the critical role of SMEs in the economic growth of the region/country. Research has shown that managers' aspirations are important to ensure firms' growth, but researchers know less of where their aspirations come from and how variation in these aspirations shapes organizational outcomes. Sep 1, 2017 · This study examines the factors that affect the growth and competitiveness of Small and Medium Enterprises (SMEs) in Sleman Regency Yogyakarta Indonesia. Growth was measured based on three key performance Sep 1, 2016 · This paper is an attempt to identify the main obstacles of growth and their determinants as perceived by SMEs. The author The appropriateness and the support of the determinants that affect SMEs growth were empirically tested. The main objective of this study is to construct financial inclusion index for SMEs and identify the determinants of SMEs’ financial inclusion. Jul 9, 2021 · The growth and failure of small and medium enterprises has been a topic of discussions world over among policymakers and researchers. They are considered as a way to create jobs, alleviate poverty, ensure food security, and promote private sector development. The objective of the paper The purpose of this paper is to study the firm-level financial variables affecting the growth of small and medium-sized enterprises (SMEs). , (2007); Bigsten et al. The findings of this study can be used for designing Jan 1, 2016 · The main objective of this study was to examine major determinants of growth of SMEs. The results of the empirical analysis indicate that finan-cial constraints are significantly detrimental to SME growth in the selected SEE countries. Sep 10, 2021 · All countries in the world have micro and small businesses in their economies, contributing to economic growth and development, poverty reduction, livelihoods enhancement and job creation (see for i determinants of growth in small and medium enterprises in kenya philemon kilili ndolo doctor of philosophy (entrepreneurship) jomo kenyatta university of Dec 19, 2020 · As for the standard determinants of growth, we observe that the variable Age produces a negative effect on growth for all firms (see Table 4. (2015), who researched title with “Factors Affecting the 48 Growth of SMEs in Algeria”, the finding reveals that the growth of SMEs in Algeria is hampered by several interrelated factors, which include business environmental factors that are SMEs should be more proactive in terms of introducing new products and services and should take the initiatives to compete to achieve competitive advantages and growth. 7% 20. Results suggest that age, size, level of intangible activity, ownership structure and the provision of collateral are important determinants of the capital structure in SMEs. The empirical evidence obtained allows us to conclude that: (1) age and size are restrictive factors of the growth of young SMEs, but they are not important for the growth of old SMEs; (2) cash flow and debt are of greater relative importance for growth in young nation of determinants of the capital structure of a sample of 299 Irish small and medium-sized enter-prises (SMEs). Digital transformation, once seen as a mere trend, has now become a critical component of modern business strategy, playing a crucial role in the creation, resilience, success, and sustainability of organizations, particularly small and medium-sized enterprises (SMEs) ([1, 2]). The analysis covers a period of five ycarsfrom 2006 to 2011. Therefore, it is vital to evaluate the performance of manufacturing SMEs to support that role. Information was sourced through the use of questionnaires. Downloadable! Small and medium-sized businesses (SMEs) played a significant role in domestic employment and inclusive GDP in developing countries such as Ethiopia. Although the determinants of firm growth have been studied in various disciplines, an integrated analysis is still lacking. The sample Helmers and Rogers (2011) in their research about determinants of SME growth concluded that the most important determinants seem to be the capacity to invest, particularly in R&D. Contrary to most previous findings, but in line with recent empirical evidence in the Sep 24, 2019 · This study addresses an issue of great significance for SME sector development in the developing economies of South Eastern Europe (SEE); in particular, it focuses on the determinants of the financial constraint of SMEs and on the effects of financial obstacles on their growth. The goal of the research is to contribute to the deepening and expansion of knowledge about the determinants of performance and growth of SMEs, while the growth and performance of SMEs are May 5, 2022 · This study addresses a topic of immense importance to the development of the entrepreneurial SME sector in developing economies such as Pakistan: it focuses on the determinants of SMEs’ financial and non-financial constraints and investigates the factors that limit the growth of SMEs in such economies. The paper begins by defining SMEs and highlighting the significance of To address the research objective that seeks to investigate the determinants of SMEs business growth and operations in Zimbabwe an econometric model was created. Management Research Review, 2016, vol. The findings revealed that capital employed determines the growth of SMEs through impacting the level of production and quality of goods and services. Likewise, they infer that the pecking-order theory is relevant for small enterprises, since the costs of external capital for these enterprises are higher than Jan 1, 2020 · 4. Tobit model was used for the analysis. Jan 1, 2018 · The Study examines the determinants of Small and Medium Enterprises (MSMEs) growth in an urban set up area in Uganda. Research on the capital structure of small and medium enterprises (SMEs) has gained momentum in recent years. Habib Kachlami and Darush Yazdanfar. Despite several government programs and support schemes aimed at empowering MSEs to be more competitive and sustainable, they continue to fail at alarming Sep 24, 2019 · This study addresses an issue of great significance for SME sector development in the developing economies of South Eastern Europe (SEE); in particular, it focuses on the determinants of the financial constraint of SMEs and on the effects of financial obstacles on their growth. The aim of this research was to study the growth – failure of SMEs in Lusaka central and Mwembeshi Business Areas, particularly looking at their growth-failure rate, their sustainability, and Mar 1, 2021 · Notwithstanding the plethora of studies investigating the determinants of SMEs’ export performance, export entry had gained relatively minimal attention. Design/methodology/approach The study applies a resource-based view to analyze the firm-level as well as industry-level determinants of SME growth. Informed by literature, the Zimbabwe Finscope Business Consumer Survey (2012) data was used to run a linear programming model regression analysis on the factors influencing SMEs profitability in sustainable performance of SMEs. The study focused on types of innovation funding and sources of innovation funding. 0% 19. Despite the important role that SMEs play in developed economies like UK, academic research into SMEs profitability determinants in developed countries is not extensive. 39, issue 9, 966-986 Abstract: Purpose - The purpose of this paper is to study the firm-level financial variables affecting the growth of small and medium-sized enterprises (SMEs). The main objective of this study is to examine determinants of MSE growth in terms of profitability of MSE business in Nekemte town. Jul 14, 2012 · To this end, we study whether the capital structure and its firm-factor determinants—size, asset structure, profit, growth, and age—differ depending on the region in which the SMEs are located. The main determinants of The empirical evidence obtained allows us to conclude that: (1) age and size are restrictive factors of the growth of young SMEs, but they are not important for the growth of old SMEs; (2) cash flow and debt are of greater relative importance for growth in young SMEs than for growth in old SMEs; (3) R&D intensity and labour productivity are of Jan 16, 2022 · There exists a positive relationship between the growth of an economy and the growth of small and medium enterprises (SMEs). Jul 17, 2019 · on SME growth rates, taking into account GDP per capita, GDP (million $) and inflation as control variables. 4% Arts, entertainment and recreation 6 6 7 19 24. To achieve the objectives of this study, both descriptive and explanatory research designs were Dec 1, 2023 · . The fuzzy . Aug 6, 2009 · Although the determinants of firm growth have been studied in various disciplines, an integrated analysis is still lacking. The development of enterprises is one of the basic business principles and the most important part of the overall process of development is investment. 2. The goal of the research is to contribute to the deepening and expansion of knowledge about the determinants of performance and growth of SMEs, while the growth and Aug 1, 2011 · Corpus ID: 111130764; Determinants of SMEs growth (wood enterprises): Infrastructure, technology and collective efficiency @inproceedings{Nganga2011DeterminantsOS, title={Determinants of SMEs growth (wood enterprises): Infrastructure, technology and collective efficiency}, author={Stephen Irura Nganga and George Mark Onyango and Bonaventure Wanjala Kerre}, year={2011}, url={https://api While a significant amount of research has been done on the determinants of growth in large firms, much less is known with respect to SMEs, especially manufacturing SMEs, given that their growth and prosperity are usually more often and potentially subjected to different constraints and contingencies related to their specificity as business Mar 31, 2023 · This study explores the determinants of firm growth rate for small and medium-sized enterprises (SMEs) in different quantiles of the conditional growth rate distribution using data from World Bank Enterprise Surveys (WBES) covering 80 developing and emerging markets. This paper attempts to provide such an analysis. Utilising such an extended set of variables addresses a gap in the extant firm growth literature in relation to Oct 10, 2014 · Small to medium enterprises (SMEs) are an essential part of the economic fabric in developing countries and they play a vital role in furthering growth, innovation and prosperity. May 4, 2011 · The objective of the present study is to investigate the importance of SMEs being an important source of providing employment opportunities. This study empirically tested the three determinants of growth of small businesses, namely 1) the individual factors 2) organizational factors, and 3) environment factors. In response, this study attempts to address this gap by providing an extensive list of eight determinants that are significantly related to Small and Medium Enterprise (SME) ambidexterity. Jun 28, 2013 · Small and young fitness SMEs grow more quickly, respectively, than large and old fitness SMEs. Despite the important role that SMEs play in developed economies like UK, academic research into SMEs profitability Keywords: SMEs, Growth, Micro Credit, Micro Finance Institutions, Logistic Regression 1. Apr 27, 2016 · This paper examined the determinants of Small and Medium Enterprises (SMEs) growth in the Tamale Metropolis, Ghana using logistic regression. The key determinants among firms’ characteristics are size, age and growth rate SMEs, it means the ability of owner / managers to manage the company effectively to be able to anticipate changes in the business environment and competition, will affect business growth. Moreover, the low explanatory power of the models implies the need to also consider other types of variables, such as managerial or socio-economic variables, to better explain the determinants of SME growth. Based on the literature review and previous studies the Mar 1, 2019 · The NDTS ratio is 3% and mean cash-flow ratio is -2. ,The methodologies used include dynamic panel data estimation techniques. They found out that the age of SMEs negatively related to This study aims to identify the determinants for the growth of Small and medium enterprises (SMEs) in Derash Woreda, Gidole Town. SMEs (Small and Medium Enterprises) play a vital role in the economic and social life of the country. ,The study applies a resource-based view to analyze the firm-level as well as industry-level determinants of SME growth. Nov 24, 2022 · It has been argued that profitability plays a key role in economic development and growth. The findings were paramount to better This paper investigates determinants of FP among Ghanaian SMEs. SMEs may not be able to do this effort alone without proper government intervention to assist them in being more innovative so they can enter new markets, such as the Middle SMEs, but they are not important for the growth of old SMEs; (2) cash flow and debt are of greater relative importance for growth in young SMEs than for growth in old SMEs; (3) R&D intensity and labour produc tivity are of greater relative importance for growth in old SMEs than for growth in young SMEs; (4) interest SME growth, our study comes up with findings that are spe-cific to Western Balkans particularly. Accordingly, the purpose of this study is to investigate the determinants of sustainable growth of SMEs in developing countries, notably in Ethiopia. The study estimated linear probability model (LPM) to investigate the determinants of SMEs growth, operations and profitability. Both sectoral effects were economically The objective of this review is to examine determinants of MSE growth in Ethiopia. The study concludes that the growth of SMEs is multitude and complicated However, it has been observed that past studies do not provide a quantitative assessment of ambidexterity determinants applicable to small and medium firms. SMEs. The analysis covers a period of five years from 2006 to 2011. The design of this study is Jul 18, 2023 · Greater access to finance by SMEs in developing countries is one of the most import powerful strategies to reduce poverty and unemployment issues and promote economic growth. Using a cross sectional survey design comprising of 254 MSMEs operators, we Jul 17, 2017 · This paper examines the growth determinants of small and medium enterprises (SMEs) in transition and emerging economies, with a specific focus on the growth effects of political openness. SMEs have Sep 29, 2021 · The main aim of this paper is to investigate the determinants of the financing obstacles and the effect of financial obstacles on the Small and Medium Enterprises (SME) growth in the Western determinants of growth of small scale enterprise in Bugembe town council in Jinja district. ac. Jan 1, 2018 · More over from the three dimensions of growth determinants, organizational determinants adversely affect the growth of SMEs. Feb 7, 2024 · Small and medium-sized businesses (SMEs) increasingly know the benefits of improving resource efficiency and closing loops. B and In this study, the dependent variable is growth, and as determinants of growth, we consider profitability, labour productivity and debt. ,The descriptive and multivariate regression analysis was used to analyze the data. , – The authors propose an integrated model of venture growth where entrepreneurs' profile, firm resources and market characteristics are In this study, the empirical evidence regarding small- and medium-sized enterprises’ (SMEs) growth determinants allows us to conclude that: (1) stimulating factors are cash flow and gross domestic product; (2) restrictive factors are: debt, firm size, age of the firm and the interest rate; and (3) in the period after 2008, the financial Nov 22, 2022 · The role of micro and small enterprises (MSEs) has been recognized in Ethiopia at the strategic and policy levels. The business world is undergoing a profound shift with the advent of digital technologies. The total population of Oct 26, 2012 · – The aim of this study is to advance the understanding of firm growth determinants by comparing the factors influencing young firms' growth in 13 countries corresponding to three contrasting regions. A stratified sampling technique is adopted with a sample size of 119 managers from SMEs. Service SMEs also have low profitability and ROE but the mean ratios are higher than for manufacturing SMEs. To achieve the objectives of this study, both descriptive and explanatory re- Volume 14 (2015) Determinants of SME Growth 2 Introduction The benefits that small and medium enterprises (SMEs) provide for economic growth have long been recognised and are Mar 1, 2022 · This study used the Ordinary Least Square method to investigate the effects of SMEs growth determinants on economic growth in Nigeria for the period 1992:1 to 2019:4. The empirical evidence obtained allows us to conclude that: (1) age and size are restrictive factors of the growth of young SMEs, but they are not important for the growth of old SMEs; (2) cash flow and debt are of greater relative importance for growth in young Sep 19, 2016 · Practical implications Understanding the determinants of growth can be important for policy makers, SME managers and financial institutions. Considering the empirical evidence showing the importance of size and age in the literature on firm growth, we also analyse these variables as determinants of SME growth. Penrose (2009) focused on JMORS 48 Determinants of Manufacturing SMEs Growth: A Review the driving factor study of enterprise growth and stated that the effective utilization of resources plays a vital role in enterprise growth. Feb 1, 2013 · This paper seeks to investigate whether age is a fundamental characteristic of the relationships between determinants and growth. 0% 9. I. Our findings indicate that product and process innovation, foreign market exposure through exports, providing training programs for employees, and the education level of employees are important growth factors This study aims to investigate the growth determinants of MSEs based on a survey covering 178 randomly selected MSEs from Mekelle city, Tigray regional state of Ethiopia through the test of four main hypotheses that are formulated concerning the role of gender of owner, initial investment on the firm, location and sector in which the firm operates as a main determinants of growth of an enterprise. SME growth is also determined by environmental factors, required the owner's ability to cope with environmental change. Internal finance, external finance and labour productivity are important determinants to increase growth of fitness SMEs, while the interest paid and the financial crisis since 2008 restrict growth of fitness SMEs. 0% 16. This pursuit of growth, and the corresponding high growth firms, has also been a prioritized area for researchers (Demir et al. This study was guided by the following objectives: to examine the contributions of small medium enterprises (SMEs), to determine the challenges affecting small medium enterprises, to examine how financial inclusiveness supports the growth of small medium Nov 13, 2019 · Capital structure is the outcome of market conditions, financial decisions taken by the firm, and credit rationing of fund providers. Industrial SMEs are characterised by a management system Aug 27, 2011 · This paper seeks to investigate whether age is a fundamental characteristic of the relationships between determinants and growth. 8% 12. Previous research shows that the growth of SMEs is determined by the owner/manager characteristics (personal approach), and how the strategy is taken (managerial approach). SMEs account for approximately 50% of GDP and operate in various industries: 50% in distribution, 10% in manufacturing, 10% in services, and 30% in agriculture (Lemuel, Citation 2009). studies ABSTRACT Financial reporting system of an entity is essential to ensure that the economic resources of the SME are used in efficiently and effectively in pursuit its goals. , Citation 2017), for policymakers seeking efficient way to support job creation, and for investors who want to allocate resources to growing SMEs Empirical Evidence on the Determinants of the Growth of SMEs According to Asma Benzazoua et al. These benefits include lowering material costs, establishing competitive advantages, and gaining access to new markets. Keywords: SMEs, Innovativeness, Sustainable Performance. Employing a survey data set of 238 SMEs, multiple regression analysis was performed to determine the extent to which each firm In Central Asia, SMEs have lower shares in overall bank lending than in other regions (Ghassibe et al. 7% 13. za Jan 23, 2019 · The study seeks to investigate the determinants of small to medium enterprises (SMEs) growth in developing countries with a special focus on Zimbabwe. Minimum of SMEs to be covered from each district belong to group-1, group-2 and group-3 may be 100, 50, 20 respectively. Furthermore, the cash-flow and growth of service SMEs are also higher than in manufacturing SMEs (cash-flow-5% and growth - 21%). Sep 19, 2019 · This study aims to examine the determinants of the growth of small- and medium-sized enterprises (SMEs) in the Kingdom of Saudi Arabia. The study is based on data for four thousand SMEs, five hundred from each of eight European countries. Jul 8, 2004 · The aim of this paper is to examine the degree to which the determinants of SMEs’ capital structures differ between European countries. To achieve the objectives of this study, both Feb 12, 2009 · Firm growth is an important indicator of a thriving economy. Oct 25, 2010 · This paper investigates the structural and strategic determinants of firm growth using a unique data set for French firms employing between 10 and 250 employees in 1997 and active over the period 1997-2007. Of these 1600 small 400 will be Nov 8, 2019 · In terms of how the sector composition affected growth, our results show that the average growth of SMEs in services was higher than that in the construction sector, despite being the least represented sector (Table 2), while the trade sector had a higher average growth of SMEs than the one in services. Growth was measured based on three key performance indicators of gross profits, employment and asset levels. Access to the formal source of credit by entrepreneurs is essential in a growing economy. As a consequence of implementing new regulations, manufacturing companies, particularly those in the automobile industry, are compelled to modify and Studying the determinants of SME growth, without correcting possible sample bias through not considering the situation of SMEs that left the market during the period of analysis, may lead to Jul 8, 2004 · The aim of this paper is to examine the degree to which the determinants of SMEs’ capital structures differ between European countries. Jan 13, 2020 · This study aims to examine the determinants of the growth of small- and medium-sized enterprises (SMEs) in the Kingdom of Saudi Arabia. Int. Sales value of new products was used a proxy for new Mar 15, 2023 · Small and medium-scale enterprises (SMEs) are recognized global for being the backbone of the economy through; economic advancement; innovation, wealth generation and furthering growth. Design/methodology/approach The study adopted an explanatory research design with arrangement of primary data collection via a cross-sectional survey questionnaire followed by mixed research approach. 0% activities 3 9 15 9. SMEs, it means the ability of owner / managers to manage the company effectively to be able to anticipate changes in the business environment and competition, will affect business growth. Apr 23, 2023 · In the fourth industrial revolution age, digital transformation is crucial to the sustainable development of small- and medium-sized businesses (SMEs). The specific objectives were to examine how the i) management skills; ii) availability of ready market; iii Jan 1, 2017 · PDF | On Jan 1, 2017, Ikupolati Ikupolati and others published Entrepreneurs Managerial Skills as Determinants for Growth of Small and Medium Enterprises (SMEs) in Nigeria | Find, read and cite (2008) studied the determinants of growth for Italian SMEs, using a sample of 2600 . Business and Globalisation, Vol. The results of the regression analysis showed similar results conducted in previous studies. 24, No. In this way minimum 3200 SMEs should be selected from all the districts. The process of making Oct 1, 2018 · Ab stract: Small and medium sized enterprises (SMEs) play a crucial role in the economic development of emerging countries. This is an area that is very crucial to examine and Jun 1, 2016 · The results show that SMEs perceive access to finance as the most significant obstacle which hinders their growth. The towns were selected purposely, and the Jan 1, 2017 · The first stage in the risk analysis process is the identification of the risks present in the energy investment decision-making problem. (DOI: 10. Sep 16, 2016 · Purpose The purpose of this paper is to study the firm-level financial variables affecting the growth of small and medium-sized enterprises (SMEs). 265 . The resource-based view theory is adopted in the Jõeveer’s study (2013) is an extensive cross-sectional study of the capital structure of SMEs, which covers all levels of capital structure determinants affecting 481,627 SMEs from eight European countries (Germany, France, Italy, the United Kingdom, Belgium, Finland, Portugal, Spain, Sweden, Switzerland) in the years 1995–2002. A range of approaches and results are discussed within a unified framework; regression analysis was used to analyses the factors. Oct 1, 2012 · This research aims lo give an overview of determinants SMES growth in Kenya. B and Introduction. Logistic regressions were estimated to identify the determinants of growth for each of the performance indicators. Five-hundred and fifty (550) SME owners were randomly selected for the study. The lack of access to finances is one of the important growth constraints the SMEs face. urban@wits. They create new jobs, added value and SMEs increasingly participate in inclusion of the national economy in world trade through their internationalization. 5% Accommodation 3 and food services 12. Accordingly, SME growth is mostly impacted by limited access of credit service, Lack of market linkage and information, business skill gaps, lack of sustainable training, financial constraints, poor technology, shortage of electricity and lack of This study aims to investigate the growth determinants of MSEs based on a survey covering 178 randomly selected MSEs from Mekelle city, Tigray regional state of Ethiopia through the test of four main hypotheses that are formulated concerning the role of gender of owner, initial investment on the firm, location and sector in which the firm operates as a main determinants of growth of an enterprise. Introduction on growth determinants in Africa have been general and not limited to women owned This study aims to investigate the growth determinants of MSEs based on a survey covering 178 randomly selected MSEs from Mekelle city, Tigray regional state of Ethiopia through the test of four main hypotheses that are formulated concerning the role of gender of owner, initial investment on the firm, location and sector in which the firm operates as a main determinants of growth of an enterprise. Different studies have found that most SMEs do not have access to credit, a phenomenon that lowers investment and growth of SMEs (Oshikoya, 1994; Morewagae et al. A generalisation of Aug 1, 2022 · Accordingly, the purpose of this study is to investigate the determinants of sustainable growth of SMEs in developing countries, notably in Ethiopia. For example, SMEs are ‘directly producing about Nowadays, the SMEs are the key drivers of economic development. 3): as firms get older, they appear less prone to grabbing opportunities of growth. Feb 12, 2009 · The determinants increase growth and are classified into three broad areas, namely: individual factors that include "personality traits, need for achievement, risk-taking, position of control Jun 17, 2013 · Enterprise growth has been studied by researchers for many years. Empirical evidence has also been provided from a data set of SMEs in Sweden to support the Feb 7, 2019 · The paper analyzes the determinants of new products innovation in the SMEs sector. It has been argued that profitability plays a key role in economic development and growth. Informed by literature, the Zimbabwe Finscope Business Consumer Survey (2012) data was used to run a linear programming model regression analysis on the factors influencing SMEs profitability in Nov 9, 2023 · The study extracted 12 essential determinants of SMEs’ performance construct and strategic orientation to determine their influence on firm performance. 1 SME growth and unemployment rates (see Table 5) Therefore, the social factors were shown to be determinants of the firm's success or failure. Most of the researchers suggest that each enterprise has to start, then grow while facing various challenges and crises, and finally mature and Literature review: the determinants of SMEs’ growth and performance Experts largely share the view that the growth of SMEs has a special importance in an economy (Storey, 1994) and firm growth Sep 27, 2019 · PDF | On Sep 27, 2019, Kosmas Njanike published The Factors Influencing SMEs Growth in Africa: A Case of SMEs in Zimbabwe | Find, read and cite all the research you need on ResearchGate study is to investigate the determinants of sustainable growth of SMEs in developing countries, notably in Ethiopia. The pursuit of growth is often argued to be a key endeavor of firms, regardless of industry, age, or size. It is expected that among the 3200 SMEs 400 will be large, 1200 medium and 1600 small. Sep 11, 2019 · Purpose This study aims to examine the determinants of the growth of small- and medium-sized enterprises (SMEs) in the Kingdom of Saudi Arabia. Introduction. The resource-based view theory is adopted in the analysis of the study. Small and medium enterprises (SMEs) are considered to be the backbone of the European Union’s (EU) economy (European Commission, Citation 2016a), while the entrepreneurship is seen as ‘an engine of economic growth’ (Audretsch, Citation 2009). Primary data collected from a survey of 826 small industrial units is being utilized to empirically test the important determinants of firm growth. In the current review appraising inquiries from 2008 to 2019, only 82 studies explicitly focused on SMEs’ export entry were found in the 18 journals covered. Determinants of the growth of SMEs can be identified as individual factors, organizational factors, and Zhou and Wit, [22]). Design/methodology/approach - The study applies a resource Micro and small enterprises (MSE) are recognized as important vehicles of economic growth, employment creation, income generation, and poverty reduction. Different terms have been used by different authors to define the stages of an enterprise growth, but the events through which each enterprise passes remain more or less the same. 2 Measurement of Growth Growth must be measureable in order to know the status of the enterprise. Practical implications - Understanding the determinants of growth can be important for policy makers, SME managers and financial institutions. To comparatively examine the individual impact of ten “key factors” influencing business failure within the small and medium Oct 1, 2012 · This research aims lo give an overview of determinants SMES growth in Kenya. Jun 1, 2024 · 1. The study concludes that the growth of SMEs is multitude and complicated and determined by personal, organizational and environmental determinants. indicate that the most relevant determinants of the debt level of SMEs are the size, age, profitability, growth, operational risk, asset structure, and share rotation. The significance of SMEs is hinged to their contribution to economic growth and development by helping to reduce Nov 22, 2022 · Financial management in SMEs is an important aspect that influences their growth, sustainability, and competitiveness. Economics and Business _____ 2020 / 34. Jul 12, 2023 · This study to prove the determinants of SMEs' sustainability in Madiun as measured by financial and non-financial elements. May 2, 2012 · Small and medium enterprises (SMEs) are considered to be the engine of economic growth through employment generation, contribution to GDP, technological innovations and other aspects of economic and social development. The study aims to identify to identify the determinants of financial performances of SMEs in Gamo Zone; Arba Minch Small and Medium-sized Enterprises (SMEs) play a vital role in the economic development of all nations.
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