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Empirical Investigation of the Factors Affecting Micro, Small and Medium Scale Enterprises Performance in Borno State, Nigeria

Author

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  • Fatima Alfa Tahir
  • Fatimah Usman Inuwa

Abstract

Past studies have documented the relevance of strong industrial base to economic development. Although several measures have been put in place to develop the industrial sector, the performance of Micro, Small and Medium Scale Businesses (MSMEs) leaves much to be desired. This study examines socio-economic factors affecting Micro, Small and Medium Scale Enterprises Performance in Maiduguri Borno State, Nigeria. Data was generated from a survey of 84 Micro Small Medium Enterprises operators in Maiduguri and analyzed with the aid of Statistical Package for Social Sciences (SPSS) version 23. Descriptive and Inferential Statistics were used to analyze the data collected. The results from the Exploratory Factor Analysis, Correlation and Multiple Regression Analysis show that insecurity and inadequate infrastructural facilities are the most significant factors affecting MSMEs performance in Borno state. The study therefore recommends that government should provide better security and improve infrastructural facilities such as power supply in order to enhance MSMEs performance.

Suggested Citation

  • Fatima Alfa Tahir & Fatimah Usman Inuwa, 2019. "Empirical Investigation of the Factors Affecting Micro, Small and Medium Scale Enterprises Performance in Borno State, Nigeria," International Business Research, Canadian Center of Science and Education, vol. 12(4), pages 30-39, April.
    • Handle: RePEc:ibn:ibrjnl:v:12:y:2019:i:4:p:30-39
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    References listed on IDEAS

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    1. Ron Kemp & Petra Gibcus, 2003. "Strategy and small firm performance," Scales Research Reports H200208, EIM Business and Policy Research.
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    Cited by:

    1. Muhammad Zada & Shagufta Zada & Mudassar Ali & Yongjun Zhang & Abida Begum & Heesup Han & Antonio Ariza-Montes & Alejandro Vega-Muñoz, 2021. "Development of Local Economy through the Strengthening of Small-Medium-Sized Forest Enterprises in KPK, Pakistan," Sustainability, MDPI, vol. 13(19), pages 1-17, September.

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    More about this item

    Keywords

    infrastructure; performance; insecurity; training; government policies; MSMEs;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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