SMES, BUSINESS RISKS AND SUSTAINABILITY IN NIGERIA
Journal Title: European Journal of Business and Social Sciences - Year 2013, Vol 2, Issue 9
Abstract
Small and Medium Scale Enterprises (SMEs) are critical to the Economic Growth and Development of Nigeria. However, this can only be possible in a risk free operating environment. This study examines the relationship between business risks and the sustainability of SMEs in Nigeria. SMEs face a number of risks that requires objective and conscious risk management efforts. Primary data were generated from fifty (50) SMEs in Lagos State. Data analysis and hypotheses testing were done with the use of Chi-square and descriptive statistics. The result revealed that standard risk management strategy by SMEs will result to their sustainability. It was recommended that entrepreneurs should consider risk management as an integral part of business management. Also, regulators should insist on minimum corporate governance standards for SMEs
Authors and Affiliations
Tajudeen Olalekan Yusuf PhD| Department of Actuarial Science & Insurance, Faculty of Business Administration University of Lagos (toyusuf7@yahoo.com) +2347042454596, Francis Sewhenu Dansu| (Corresponding Author) Department of Accounting & Finance (Insurance Unit), Faculty of Management Sciences Lagos State University (masenohvi_1@yahoo.com) +2348029506678
Keywords
Related Articles
- EP ID EP10327
- DOI -
- Views 315
- Downloads 16
CONSUMERS’ KNOWLEDGE ON INTEREST RATES AND REPAYMENT PERIOD ON CREDIT SOURCE
Quantitative approach was adopted where descriptive research design was be applied. A sample of 100 potential and existing credit consumers was used to collect data using a questionnaire, by visiting lending institut...
N EMPIRICAL EVALUATION OF STUDENT ACCOMMODATION QUALITY IN HIGHER EDUCATION
This paper, which was part of a larger study, aimed at examining student accommodation quality (SAQ) in two public tertiary institutions in Ghana. The study was a cross-sectional survey that involved...
THE IMPACT OF MARKETING INFORMATION SYSTEMS QUALITY IN IMPROVING THE COMMERCIAL PERFORMANCE OF ORGANIZATIONS: ANALYTICAL ESSAY ON THE CASE OF AGRI-FOOD COMPANIES IN THE REGION OF SOUSS MASSA DRAA1, MOROCCO
The objective of this article is to reveal the relationship between the quality of Marketing Information Systems and improving the commercial performance of the company. To do this, we conducted a collection data, we...
THE RESEARCH ON THE DESIGN OF OUTDOOR SPORTS MONITORING FUNCTION CYCLING JERSEYS
In recent years，Smart clothing has gradually become the focus of design research. This article is in view of the people’s sport-related physical fitness reaction when riding. It puts forward the current common pro...
EFFECT OF DEPRESSION AND LIFE SATISFACTION AMONG CARDIOVASCULAR PATIENTS
During survey of 120 cardiovascular patients between 60 males and 60 females resulted that level of depression is high and life satisfaction is low in females and readmitted patients as compare to males and first time...