Effect of Entrepreneurial Demographic Characteristics on the Performance 58 of Small and Medium Enterprises in Kwara state
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Date
2017-11-12
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Akungba Journal of Management
Abstract
In devefoped and devefoping nations. Small and Medium Enterprises (SMEs) play pivotal roles in the process of industrialization and its being regarded as powerful engines for economic growth and development of any nation. This study aimed at examining the influence of entrepreneurial demographic characteristics on the performance of SMEs in Kwara state, Nigeria. Extensive review of extant literature were done for better understanding of the current development of research revolving entrepreneurial demographic characteristics and SMEs' performance that constitute the variables of this study. An explanatory survey was adopted and the population comprises of registered SMEs (agro-allied and non-agro allied). A sample size of four hundred (200) SMEs was chosen using multi-stage sampling technique. Data were analysed using correlation and multiple regression analysis to investigate among the construct variables. The findings show significant relationship among entrepreneurial demographic variables and performance of SMEs. The study concludes that there is a positive relationship between entrepreneurial demographic characteristics and Performance of SMEs in Kwara state as statistically shown. On this note, it is recommends that government sliould remove import duties on raw materials and provide infrastructural facilities such as good roads, transport means, water and power supplies and ensure that its policy favour SMEs for instance, access to credit facilities, foreign exchange protection from serve competition thropgh tariff and quotas and tf-ade license.
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Keywords
Entrepreneurial, Characteristics, Demographics, SMEs, Performance, Kwara state