Government policy, financial inclusion and performance of SMEs in South Eastern Nigeria
Objective: This study seeks to determine the contribution of government policy and Financial Inclusion (FI) to the financial and non-financial performance of SMEs in South Eastern Nigeria. Research Design & Methods: The study adopts qualitative methodology. The interview guide was pre-tested...
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| Format: | Article |
| Language: | English |
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Krakow University of Economics
2020-06-01
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| Series: | International Entrepreneurship Review |
| Subjects: | |
| Online Access: | https://ier.uek.krakow.pl/index.php/pm/article/view/1987 |
| _version_ | 1797763326333157376 |
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| author | Kenneth Chukwujioke Agbim |
| author_facet | Kenneth Chukwujioke Agbim |
| author_sort | Kenneth Chukwujioke Agbim |
| collection | DOAJ |
| description | Objective: This study seeks to determine the contribution of government policy and Financial Inclusion (FI) to the financial and non-financial performance of SMEs in South Eastern Nigeria.
Research Design & Methods: The study adopts qualitative methodology. The interview guide was pre-tested for reliability and validity. The study data were generated from purposively selected one hundred and twenty respondents. The audio recorded interview was transcribed and subjected to thematic content analysis.
Findings: SMEs that received support from the government recorded marginal financial performance and improved non-financial performance. Also, SMEs that adopted FI strategies and devices experienced improvement in both their financial and non-financial performance. However, SMEs that combined government, friends and family supports, and FI strategies and devices recorded better improvements in their financial and non-financial performance.
Contribution & Value Added: The combination of government, friends/family supports and FI strategies and devices gives better improvement to the financial and non-financial performance of SMEs in South Eastern Nigeria. Thus, the government can reinvent its policies so as to strengthen its implementing agencies and the families of SME owners. SME owners can achieve better financial and non-financial performance by combining government entrepreneurship incentives, friends/family supports and FI strategies and devices. |
| first_indexed | 2024-03-12T19:41:00Z |
| format | Article |
| id | doaj.art-0d7189b5b62d49be8d714d7d81fe394d |
| institution | Directory Open Access Journal |
| issn | 2658-1841 |
| language | English |
| last_indexed | 2024-03-12T19:41:00Z |
| publishDate | 2020-06-01 |
| publisher | Krakow University of Economics |
| record_format | Article |
| series | International Entrepreneurship Review |
| spelling | doaj.art-0d7189b5b62d49be8d714d7d81fe394d2023-08-02T03:50:14ZengKrakow University of EconomicsInternational Entrepreneurship Review2658-18412020-06-0162698210.15678/ER.2020.0602.051987Government policy, financial inclusion and performance of SMEs in South Eastern NigeriaKenneth Chukwujioke Agbim0University of Agriculture, Makurdi, Benue StateObjective: This study seeks to determine the contribution of government policy and Financial Inclusion (FI) to the financial and non-financial performance of SMEs in South Eastern Nigeria. Research Design & Methods: The study adopts qualitative methodology. The interview guide was pre-tested for reliability and validity. The study data were generated from purposively selected one hundred and twenty respondents. The audio recorded interview was transcribed and subjected to thematic content analysis. Findings: SMEs that received support from the government recorded marginal financial performance and improved non-financial performance. Also, SMEs that adopted FI strategies and devices experienced improvement in both their financial and non-financial performance. However, SMEs that combined government, friends and family supports, and FI strategies and devices recorded better improvements in their financial and non-financial performance. Contribution & Value Added: The combination of government, friends/family supports and FI strategies and devices gives better improvement to the financial and non-financial performance of SMEs in South Eastern Nigeria. Thus, the government can reinvent its policies so as to strengthen its implementing agencies and the families of SME owners. SME owners can achieve better financial and non-financial performance by combining government entrepreneurship incentives, friends/family supports and FI strategies and devices.https://ier.uek.krakow.pl/index.php/pm/article/view/1987government policyfifinancial performancenon-financial performancesmecbn |
| spellingShingle | Kenneth Chukwujioke Agbim Government policy, financial inclusion and performance of SMEs in South Eastern Nigeria International Entrepreneurship Review government policy fi financial performance non-financial performance sme cbn |
| title | Government policy, financial inclusion and performance of SMEs in South Eastern Nigeria |
| title_full | Government policy, financial inclusion and performance of SMEs in South Eastern Nigeria |
| title_fullStr | Government policy, financial inclusion and performance of SMEs in South Eastern Nigeria |
| title_full_unstemmed | Government policy, financial inclusion and performance of SMEs in South Eastern Nigeria |
| title_short | Government policy, financial inclusion and performance of SMEs in South Eastern Nigeria |
| title_sort | government policy financial inclusion and performance of smes in south eastern nigeria |
| topic | government policy fi financial performance non-financial performance sme cbn |
| url | https://ier.uek.krakow.pl/index.php/pm/article/view/1987 |
| work_keys_str_mv | AT kennethchukwujiokeagbim governmentpolicyfinancialinclusionandperformanceofsmesinsoutheasternnigeria |