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Exploring firm performance and growth among own-account and micro enterprises in Ghana

Author

Listed:
  • Nkechi S. Owoo
  • Abena D. Oduro
  • Charles Ackah

Abstract

Using micro-level data from the 2013 nationally-representative GENDA survey on approximately 1,200 own-account and micro enterprises, we examine firm performance and business growth between men and women entrepreneurs in Ghana. Using OLS and multinomial logit (MNL) regression techniques, we find differential effects and constraints for men and women-owned businesses: men generally perform better than women, controlling for a host of characteristics. We find that among women-operated firms, locating a business at home has negative performance implications. Additionally, women-operated firms report more positive growth experiences when their businesses are formally-registered. While credit constraint has negative effects for both male and female-operated firms, the effects are felt stronger among men. We also find some evidence of ICT use-age on performance of firms, with differential effects for men and women. These findings provide significant scope for policy targeting in order to enhance business performance and growth among own-account and micro enterprises in Ghana.

Suggested Citation

  • Nkechi S. Owoo & Abena D. Oduro & Charles Ackah, 2019. "Exploring firm performance and growth among own-account and micro enterprises in Ghana," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 38(3), pages 294-311.
    • Handle: RePEc:ids:ijesbu:v:38:y:2019:i:3:p:294-311
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    Citations

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    Cited by:

    1. Charles Ackah & Holger Goerg & Aoife Hanley & Cecília Hornok, 2020. "Why are Africa’s female entrepreneurs not playing the export game? Evidence from Ghana," Discussion Papers 2020-19, University of Nottingham, GEP.
    2. Ackah, Charles Godfred & Görg, Holger & Hanley, Aoife & Hornok, Cecília, 2020. "Why are Africa's female entrepreneurs not playing the export game? Evidence from Ghana," KCG Working Papers 22, Kiel Centre for Globalization (KCG).
    3. Charles Ackah & Holger Görg & Aoife Hanley & Cecilia Hornok, 2024. "Africa’s businesswomen – underfunded or underperforming?," Small Business Economics, Springer, vol. 62(3), pages 1051-1074, March.
    4. León Mendoza, Juan Celestino & Valcárcel Pineda, Paolo, 2022. "Influencia de las características sociodemográficas personales en el éxito empresarial en Perú [Influence of personal sociodemographic characteristics on business success in Peru]," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 33(1), pages 326-352, June.

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