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Autor
Boakye Alfred Asuming (University of Ghana, Ghana), Ampadu-Ameyaw Richard (Science and Technology Policy Research Institute, CSIR, Ghana), Essegbey George Owusu (Science and Technology Policy Research Institute, CSIR, Ghana), Onumah Justina Adwoa (Science and Technology Policy Research Institute, CSIR, Ghana)
Tytuł
Success Factors for Micro and Small Agribusiness Enterprises (MSES) - The Case of Ghana
Źródło
Journal of Agribusiness and Rural Development, 2018, z. 1 (47), s. 5-12, rys., tab., bibliogr. 16 poz.
Słowa kluczowe
Małe i średnie przedsiębiorstwa, Rozwój gospodarczy a małe i średnie przedsiębiorstwa
Small business, Economic development and small business
Uwagi
streszcz., summ.
Kraj/Region
Ghana
Ghana
Abstrakt
Micro and Small Enterprises (MSEs) are considered to be engines of economic growth worldwide. Their efficiency and competitiveness is critical to the creation of employment, income generation and poverty reduction and thereby to general growth of the economy. However, studies on MSEs in Ghana have mainly focused on the financial performance with little or no attention paid to the contribution of environmental and socio-demographic factors to entrepreneurial success. The data for this study was obtained from Micro and Small Enterprises (MSEs) in some twenty districts across Ghana. A total of 2899 entrepreneurs were interviewed. A binary logit regression was used in determining the impact of socio-demographic and environmental factors on entrepreneurial business success. As shown by the results, the odds of business success increase by 67% if the formal education period is extended by one year. Supportive environmental factors also significantly contribute to business success. This study recommends a policy that will help improving access to market for MSEs. Policy makers should consider strengthening the potential of institutional support in terms of market information delivered by public institutions to enhance the business success of agribusiness entrepreneurs in Ghana.Micro and Small Enterprises (MSEs) are considered to be engines of economic growth worldwide. Their efficiency and competitiveness is critical to the creation of employment, income generation and poverty reduction and thereby to general growth of the economy. However, studies on MSEs in Ghana have mainly focused on the financial performance with little or no attention paid to the contribution of environmental and socio-demographic factors to entrepreneurial success. The data for this study was obtained from Micro and Small Enterprises (MSEs) in some twenty districts across Ghana. A total of 2899 entrepreneurs were interviewed. A binary logit regression was used in determining the impact of socio-demographic and environmental factors on entrepreneurial business success. As shown by the results, the odds of business success increase by 67% if the formal education period is extended by one year. Supportive environmental factors also significantly contribute to business success. This study recommends a policy that will help improving access to market for MSEs. Policy makers should consider strengthening the potential of institutional support in terms of market information delivered by public institutions to enhance the business success of agribusiness entrepreneurs in Ghana. (original abstract)
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Bibliografia
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  3. Hayford, S. (2012). The Development of Small Medium Enterprises and their impact to the Ghanaian Economy. A MBA thesis submitted to the Institute of Distance Learning, KNUST, Ghana. Retrieved from: ir.knust.edu.gh/handle/123456789/4837
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  6. Larsen, P., Lewis, A. (2007). How award-winning SMEs manage the barriers to innovation. Creat. Innov. Manag., 16(2), 142-151. http://dx.doi.org/10.1111/j.1467-8691.2007.00428.x
  7. Luk, T. (1996). Success in Hong Kong: Factors self-reported by successful small business owners. J. Small Bus. Manag., 34(3), 68-78.
  8. Lussiers, R. N., Pfeifer, S. (2001). A crossnational prediction model for business success. Int. J. Small Bus. Manag., 39(3), 228-239. http://dx.doi.org/10.1111/0447-2778.00021
  9. McDowell, S. D. (1997). Globalization, Liberalization and Policy Change: A Political Economy of India's Communication Sector. New York: St. Martin Press. http://dx.doi.org/10.1057/9780230374638
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  11. Mintoo, A. A. (2006). SMEs in Bangladesh. CACCI J. 1(1), 1-19. http://www.techmonitor.net/tm/images/6/66/04sep_oct_sf6.pdf
  12. Nimoh, F., Tham-Agyekum, E. K., Aduamah, E. O. (2011). Factors Influencing the Performance of Entrepreneurs in the Kumasi Metropolis of Ghana. Int. J. Pure Appl. Sci. Technol., 3(2), 128-140.
  13. Perez, E., Canino, R. (2009). The importance of Entrepreneur's perception of success. Rev. Int. Comp. Manag., 10(5), 990-1010.
  14. Raman, R. (2004). Motivating factor of educated self-employed in Kerala: A case study of Mulanthuruthy Block Ernakulum. Discussion Paper No. 90. Kerala Research Programme on Local Development Center for Development Studies.
  15. Villars, J. (2004). Speech Delivered at a Workshop of the Ghana Investment Advisory Council, Akosombo, 5 June, 2004.
  16. Wanigasekara, W. M. S. K., Surangi, H. K. N. S. (2010). Impact of Level of Education and Business Experience and Business Success among Small Retail Owner Managers in SriLanka. Retrieved 29 Jan 2016 from: http://www.kln.ac.lk/fcms/ICBI2011/images/ICBM/dccs/Microsoft Word P01.pdf
Cytowane przez
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ISSN
1899-5241
Język
eng
URI / DOI
http://dx.doi.org/10.17306/J.JARD.2018.00406
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