BUSINESS ECO SYSTEM AND MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) PERFORMANCE IN NIGERIA

Authors

  • Moruff Sanjo OLADIMEJI Department of Business Administration, Faculty of Administration &Management Sciences, Olabisi Onabanjo University, Ago – Iwoye, Ogun State, Nigeria
  • Benneth Uchenna EZE Department of Business Administration, Faculty of Management and Social Sciences, Hallmark University, Ijebu-Itele, Ogun State, Nigeria
  • Kazeem Adeyinka AKANNI Department of Business Administration, Faculty of Administration &Management Sciences, Olabisi Onabanjo University, Ago – Iwoye, Ogun State, Nigeria

DOI:

https://doi.org/10.37335/ijek.v6i1.70

Keywords:

Business Eco System, MSMES, Financial and Non-Financial Performance

Abstract

Firms are adopting collaborative network, which allow group of enterprises to enhance their performance and competitiveness. This study examines the effect of business ecosystem on MSMEs financial and non financial performance. The study employed survey research design, through the administration of structured questionnaires to 400 chief executives of MSMEs in Lagos, Anambra and Kano. The research instrument was validated by some academics and practitioners. A pilot study was conducted to ascertain the reliability of the instrument, by distributing the questionnaire to chief executives of 10 MSMEs twice within an interval of 14 days and the correlation of the first and the second study gave a Cronbach alpha of 0.84, which indicated that the instrument is highly reliable. Hypotheses were formulated and ordinary least square was employed to estimate the model with the aid of STATA version 14. Findings revealed that business eco system have positive and significant effect on MSMEs financial and non-financial performance. Therefore, it is recommended that MSMEs should consider their business eco system towards the enhancement of their financial and non financial performance

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Published

2018-06-30

How to Cite

OLADIMEJI , M. S., EZE, B. U., & AKANNI, K. A. (2018). BUSINESS ECO SYSTEM AND MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) PERFORMANCE IN NIGERIA. International Journal of Entrepreneurial Knowledge, 6(1). https://doi.org/10.37335/ijek.v6i1.70

Issue

Vol. 6 No. 1 (2018): International Journal of Entrepreneurial Knowledge

Section

Research

License

International Journal of Entrepreneurial Knowledge (ISSN 2336-2960) is published by the Center for International Scientific Research of VŠO and VŠPP in cooperation with the following partners:

  • University College of Business in Prague, Czech Republic
  • University of Entrepreneurship and Law, Prague, Czech Republic
  • School of Business and Administration of the Polytechnic Institute of Setúbal, Portugal
  • Faculty of Operation and Economics of Transport and Communications, University of Zilina, Slovakia
IJEK is an Open Access journal and does not charge readers or their institutions for access. 
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