Determinants of Small and Medium Enterprises (SMEs) Performance in Ekiti State, Nigeria: A Business Survey Approach
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Date
2013-02-01
Journal Title
Journal ISSN
Volume Title
Publisher
European Journal of Humanities and Social Sciences
Abstract
The objective of the study is to access determinant of small and Medium Enterprises (SMEs) Performance
in Ekiti State. Survey method was used for the study while purposive sampling technique was adopted and
regression analysis via Statistical Package for Social Science (SPSS) version 20 was used to analyse the
data. Findings show that funds, managerial skills, government policy, education and facilities were
significant related with performance at 5% significantly level. By ranking, funds were considered most
significant follow by education, government policy, managerial skill and facilities. The conclusion drawn
from the studies was that for business to continue achieving it expected performance all determinants
must be readily available to complement each other. It equally shows that 78.7% of the explanatory
variables are significantly related to small and medium enterprise performance in the state. The study
recommended that government focus should be on provision of all determinants that will enhance the
thriving of SMEs performance, creates avenue that will give room for sharing experience among business
owners finally, adequate information should be made to create awareness and need to patronize the home
made product.
Description
Keywords
Small and Medium Enterprise, Performance, Funds, education, government policy, facilities, political, raw material, competency