International Journal of Small and Medium Enterprises http://www.cribfb.com/journal/index.php/ijsmes en-US info.ijsmes@cribfb.com (Managing Editor) info@cribfb.com (Administrator) Sat, 07 Jul 2018 00:00:00 +0000 OJS 3.1.1.4 http://blogs.law.harvard.edu/tech/rss 60 Impact of Monetary Policy on Small Scale Enterprises Financing in Nigeria http://www.cribfb.com/journal/index.php/ijsmes/article/view/66 <p>Small and Medium Scale Enterprises play vital roles in the economy which are usually instrumental in achieving macroeconomic goals. This has attracted the attention of monetary authorities to institute policiesto boostconducive environment for SMEs to thrive. This study therefore empirically investigates the impact of monetary policy on SMEs financing in Nigeria spanning from the first quarter of 1992 to the last quarter of 2016. The time series data were subjected to unit root test to ascertain the stationarity of the variables and thereafter, cointegration and Error Correction Model (ECM) technique were used for the analysis. The residuals of the analysis were further subjected to various diagnostics tests. The result revealed that interest rate has a positive and significant impact on the SMEs financing in Nigeria. On the other hand, inflation rate was found to have a significant but negative impact on SMEs financing in Nigeria. Money supply and exchange rate were found to be insignificant in impactingSMEs financing. Based on this finding, the study recommends that, monetary authorities should give special attention to SMEs in specific sectors by creating special windows through various financial institutions to grant low interest rate so as to grant SMEs access to funds.This will boost business growth and consequently achieve macroeconomic goals.</p> Ebire Kolawole ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.cribfb.com/journal/index.php/ijsmes/article/view/66 Sat, 07 Jul 2018 00:00:00 +0000 Effect of Entrepreneurial Networks on Family Business Development: A Conceptual Consideration http://www.cribfb.com/journal/index.php/ijsmes/article/view/67 <p>Family businesses are generally affected by resource constraints. These resource constraints are occasioned by the vagaries in the business environment. Consequently, budding and established family business entrepreneurs are now resorting to the acquisition and sharing of intangible resources as a strategy for achieving family business development. One type of resource that is increasingly being employed is entrepreneurial networks. In spite of the known supports entrepreneurial networks give to entrepreneurs at the different states of family business development, empirical evidences are still rear. Based on the foregoing, this study undertook a literature review and thereafter proposes that: the effect of family network on family business start-up is significant; the effect of intra-industry network on family business formalization is significant; the effect of professional network on family business professionalization is significant; the effect of extra-industry network on family business diversification is significant; the effect of social network on family business internationalization is significant; and the effect of intra-firm network on family business succession is significant. For family business development to be influenced by entrepreneurial networks, budding entrepreneurs, founder and/or descendant CEOs and employees of family businesses need to be actively involved in network relationships that encourage and facilitates resource acquisition and sharing. Moreover, an empirical study is recommended based on these propositions. This is to validate the propositions and to further add to the family business development and entrepreneurial networks literature.</p> Kenneth Chukwujioke Agbim ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.cribfb.com/journal/index.php/ijsmes/article/view/67 Sat, 21 Jul 2018 00:00:00 +0000 Emotional Intelligence and Immigrant Entrepreneurship Development: A Correlation Analysis of the Lebanese Family Entrepreneurships in Nigeria http://www.cribfb.com/journal/index.php/ijsmes/article/view/68 <p>The arrival of the first Lebanese immigrant in Lagos in 1890 has been followed by increase in the number of Lebanese immigrants in Nigeria. The immigrants get attached to their families on arrival. This is owing to the instrumental, financial, psychological and emotional supports they receive from their families to enable them assimilate into the Nigerian community. In spite of their contributions to the economic and infrastructural development of Nigeria through the family-owned immigrant entrepreneurships they have developed, no study seems to have been conducted in this area. Consequently, based on data from selected Lebanese family-owned entrepreneurships, this study examines the relationship between emotional intelligence and immigrant entrepreneurship development. The study adopted mail questionnaire survey design. The generated data through questionnaire were analyzed using Pearson’s correlation. It was found that emotional intelligence is significantly related to the dimensions of immigrant entrepreneurship development, that is, entrepreneurial intention, entrepreneurial capabilities, entrepreneurial networking and entrepreneurial success. Based on the results, the study recommends exposing new immigrants and immigrant entrepreneurs to trainings and programs that will improve their emotional intelligence, entrepreneurial behaviour, capabilities, networking attitude and success mindset.&nbsp; The ultimate effect of these trainings and programs is increase in the development of immigrant entrepreneurships.&nbsp;</p> Kenneth Chukwujioke Agbim ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.cribfb.com/journal/index.php/ijsmes/article/view/68 Mon, 23 Jul 2018 00:00:00 +0000 Family Business Formalization in South Eastern Nigeria: The Role of Intra-Industry Network http://www.cribfb.com/journal/index.php/ijsmes/article/view/69 <p>In most developing countries, majority of the family businesses are started with the support of networks on a small scale in the informal sector because the families and entrepreneurs are poor. Moreover, in areas where they are actively involved in networks, the benefits of such network relationships are rarely harnessed. In South Eastern Nigeria, the state of informality among family businesses has become a source of worry to both the State governments and owner-managers of family businesses. This is coming on the heels of the country’s economic recession and the need for the governments to increase their internally generated revenue. And the quest by the family business owner-managers to evade tax so as to increase their income. This is evident from the increasing number of family businesses that are operating outside government system of regulation in the zone. Based on these scenarios this study seeks to assess the effect of intra-industry network on family business formalization in South Eastern Nigeria. Survey design was adopted for the study. The study data were generated through questionnaire and analyzed using linear regression. The results show that intra-industry network significantly and positively affect family business formalization. The researcher recommends encouraging family business owner-managers to be interconnected with other founder/CEOs or descendant/CEOs and family firm employees within the same industry for the mutual benefit of acquiring and sharing information and knowledge that will facilitate the formalization process of their family businesses.</p> Kenneth Chukwujioke Agbim ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 http://www.cribfb.com/journal/index.php/ijsmes/article/view/69 Tue, 24 Jul 2018 00:00:00 +0000