Formal – Informal Financial Institutions’ Synergy and Micro, Small and Medium Enterprises Financing In Nigeria: Evidence from South-South States
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 4
Abstract
This Study Examined The Effectiveness And Usefulness Of Formal – Informal Financial Institutions’ Synergy As A Promising Alternative To The Funding Of Micro, Small And Medium Enterprises In Nigeria. Three Sets Of Structured Questionnaires Were Administered To Operators Of Micro, Medium And Small Businesses, Formal And Informal Financial Institutions In The South-South Geo-Political Zone Of Nigeria. The Data Obtained Were Subjected To Probit And Principal Component Models Of The E-Views Econometric Software. The Study Found That Financial Institutions’ Synergies Is Majorly Constrained By Weaknesses Of Regulatory And Operational Framework And Lack Of Confidence Among Industry Players. Recommendations Are However Provided And If They Are Implemented Would Solve Effectively The Problems Of Funding Of Enterprises.
Authors and Affiliations
Boniface Akpan, Phd Aniefiok Udo, Ededet Eduno, Edet Anwana Phd
Keywords
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- EP ID EP410174
- DOI 10.9790/487X-2004014959.
- Views 45
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