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Agboola, Oluyemisi
- Effect of Financial Technology on the Survival of Micro-enterprises
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Authors
Affiliations
1 Department of Entrepreneurship, Ekiti State University, Ado Ekiti, NG
2 Department of Management Sciences, College of Science, BamideleOlumilua University of Education, Science and Technology, Ikere-Ekiti, NG
3 Department of Business Administration, Christopher University, Mowe, Ogun State, NG
1 Department of Entrepreneurship, Ekiti State University, Ado Ekiti, NG
2 Department of Management Sciences, College of Science, BamideleOlumilua University of Education, Science and Technology, Ikere-Ekiti, NG
3 Department of Business Administration, Christopher University, Mowe, Ogun State, NG
Source
International Journal of Entrepreneurial Knowledge, Vol 11, No 1 (2023), Pagination: 1-13Abstract
This study investigates the extent to which Fintech lending affects micro-enterprises survival and sales revenue in Nigeria. The study employed a survey design by administering a structured questionnaire on owners/managers of micro-enterprises in Lagos, Nigeria. Two hypotheses were developed and evaluated based on the study's aims. The research instrument (questionnaire) was administered to the targeted respondents in February 2023. Three hundred and twelve (312) questionnaires were returned, out of which nine (9) were not correctly filled by respondents. A total of three hundred and three (303) questionnaires were finally considered fit for analysis, representing a return rate of 76%. The study used charts to analyze the demographic data, and regression analysis was used to test the hypothesis using SPSS. The findings reveal that Fintech lending significantly affects micro-enterprises survival and sales revenue. The R-Square indicates that Fintech lending accounts for a 24.9% change in micro-enterprises' survival. Furthermore, the findings from the test of the second hypothesis indicate that Fintech lending accounts for a 30.8% change in micro-enterprises' sales revenue. It can be concluded that Fintech lending is an important determinant of micro-enterprises survival and sales revenue. Therefore, it is recommended that micro-enterprises should utilize Fintech lending packages to enhance their survival and sales revenue. This study has set the framework for future research into the extent to which Fintech lending affects micro-enterprises survival and sales revenue. This is a groundbreaking study from the perspective of Nigeria, as it reveals the effect of Fintech lending and asset finance on the survival as well as sales revenue of micro-enterprises in Nigeria. The study also contributes significantly to the Technology Acceptance theory, the Theory of Planned Behavior, and the Theory of Reasoned Action, which are all relevant to Fintech.Keywords
fintech, fintech lending, fintech asset financing, micro-enterprises.Full Text
References
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- Effect of Top Management Team Diversity on FMCGs' Performance
Abstract Views :86 |
PDF Views:70
Authors
Affiliations
1 Department of Management Sciences, College of Science, BamideleOlumilua University of Education, Science and Technology, Ikere-Ekiti, NG
2 Department of Entrepreneurship, Ekiti State University, Ado Ekiti, NG
3 Benneth Uchenna Eze Department of Business Administration, Christopher University, Mowe, Ogun State, NG
1 Department of Management Sciences, College of Science, BamideleOlumilua University of Education, Science and Technology, Ikere-Ekiti, NG
2 Department of Entrepreneurship, Ekiti State University, Ado Ekiti, NG
3 Benneth Uchenna Eze Department of Business Administration, Christopher University, Mowe, Ogun State, NG
Source
International Journal of Entrepreneurial Knowledge, Vol 11, No 1 (2023), Pagination: 72-83Abstract
This study examined the effect of top management team diversity (captured by top management cultural diversity and top management gender diversity) on fast-moving consumer goods (FMCGs) performance. The study employed a survey design by administering a structured questionnaire to 520 FMCG employees of FMCGs. The research instrument (questionnaire) was administered to the targeted respondents in January 2023. The study employed a linear regression model with STATA version 14 software. The findings reveal that top management cultural diversity and top management gender diversity have positive and significant individual effects on FMCGs performance, with coefficients and probability values of β1 =0.342, P-value < 0.0s, and β2 =0.594, P-value < 0.05. The adjusted coefficient of determination (Adjusted R2) suggested that 46.1% variation in FMCGs performance is accounted for by top management team diversity elements (top management cultural diversity and top management gender diversity). Therefore, it can be concluded that top management team diversity (top management cultural diversity and top management gender diversity) significantly positively affect the performance of FMCGs. Therefore, the performance of FMCGs is determined by their level of diversity, particularly their top management's cultural diversity and top management's gender diversity. In line with the findings of this study, the following recommendations are made: FMCGs should encourage top management cultural diversity through the engagement of top managers from diverse cultural orientations, as this tends to enhance their performance. Additionally, FMCGs should encourage top management gender diversity through the engagement of top managers from diverse gender, as this tends to enhance their performance. Furthermore, the Manufacturers Association of Nigeria and government agencies should encourage diversity among FMCGs.Keywords
top management team diversity, top management cultural diversity, top management gender diversity, FMCGs.Full Text
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