The construction industry in most developing economies is dominated heavily by small and medium scale enterprises. These construction enterprises need to thrive in an extremely competitive business environment. Conver...The construction industry in most developing economies is dominated heavily by small and medium scale enterprises. These construction enterprises need to thrive in an extremely competitive business environment. Conversely, most of these small and medium scale construction enterprises (SMSCE) are fraught with a plethora of barriers that inhibit and threaten their growth and survival. This research sought to evaluate the critical barriers that affect the growth of SMSCEs in the Ghanaian Construction Industry. The quantitative research method was adopted using a structured questionnaire with variables that were identified through a comprehensive literature review. The survey questionnaire was administered to 400 respondents comprising 250 SMSCEs, 100 Local Authority Engineers, and 50 Consultants to elicit data based on the identified variables. The major findings established by the study as barriers to the growth of SMSCEs in Ghana are largely structured as financial/fiscal barriers, business development barriers, technical/technological barriers, corruption barriers, knowledge management barriers, project acquisition barriers. A guiding framework should be developed based on the barriers identified to aid the growth and survival of SMSCEs in Ghana.展开更多
The purpose of this study is to examine the impact of credit availability to SMEs on the economic growth in Nigeria. The study period was from 1981 to 2012. Vector autoregressive model was employed to avoid the proble...The purpose of this study is to examine the impact of credit availability to SMEs on the economic growth in Nigeria. The study period was from 1981 to 2012. Vector autoregressive model was employed to avoid the problem of endogenity. The results show that though inflation has a negative effect on SMEs fmancing, it still significantly influences economic growth. This paper therefore concludes that there is a need for government to intensify efforts to increase SMEs financing in the country through the introduction of a special intervention fund for SMEs.展开更多
文摘The construction industry in most developing economies is dominated heavily by small and medium scale enterprises. These construction enterprises need to thrive in an extremely competitive business environment. Conversely, most of these small and medium scale construction enterprises (SMSCE) are fraught with a plethora of barriers that inhibit and threaten their growth and survival. This research sought to evaluate the critical barriers that affect the growth of SMSCEs in the Ghanaian Construction Industry. The quantitative research method was adopted using a structured questionnaire with variables that were identified through a comprehensive literature review. The survey questionnaire was administered to 400 respondents comprising 250 SMSCEs, 100 Local Authority Engineers, and 50 Consultants to elicit data based on the identified variables. The major findings established by the study as barriers to the growth of SMSCEs in Ghana are largely structured as financial/fiscal barriers, business development barriers, technical/technological barriers, corruption barriers, knowledge management barriers, project acquisition barriers. A guiding framework should be developed based on the barriers identified to aid the growth and survival of SMSCEs in Ghana.
文摘The purpose of this study is to examine the impact of credit availability to SMEs on the economic growth in Nigeria. The study period was from 1981 to 2012. Vector autoregressive model was employed to avoid the problem of endogenity. The results show that though inflation has a negative effect on SMEs fmancing, it still significantly influences economic growth. This paper therefore concludes that there is a need for government to intensify efforts to increase SMEs financing in the country through the introduction of a special intervention fund for SMEs.
