AKEEM, ABIMBOLA OLAIDE and Covenant University, Theses (2018) SURVIVAL AND GROWTH OF SMALL AND MEDIUM SCALE INDUSTRIES IN NIGERIA: THE ROLE OF DEPOSIT MONEY BANKS. Masters thesis, COVENANT UNIVERSITY.
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Abstract
This study investigated the roles that Deposit Money Banks (DMBs) play in the Survival and Growth of Small and Medium Industries (SMIs) in Nigeria. SMIs find it very hard to survive their first few years of operation. A large number of the ones that survive continue to operate at the same level almost all through their existence with very little or no growth. It is not new an issue that one of the challenges that these SMIs face in Nigeria is access to funds which is available in abundance with DMBs operating in the country. The study therefore set out: First, to determine the effect of loans obtained from DMBs on the survival of SMIs. Secondly, to evaluate the effect of the owner variables, firm variables and DMB factors on the growth of SMIs. And lastly to obtain the causes of the high rejection rate of SMI loan requests by DMBs.The study obtained primary data using two set of questionaires administered to both SMI business owners and loan of officers of DMBs in a survey. The survey was carried out on randomly selected SMIs and all the DMBs in Ogun State Nigeria with focus on Otta, Agbara, and Ifo. The data obtained were analysed using advance statistical techniques such as the Pearson correlation and multiple regression analysis. It was found from the study that DMB loans going by its conditions are very inimical to both the survival and growth of SMIs in Nigeria. The study recommended that SMIs should look inwards for funds for their business survival. The firm should also focus more on its own characteristics such as the level of technology infusion it has, the business assets, location and plough back of profit for its expansion needs. Where it is necessary to borrow from DMBs, the study revealed factors that SMIs should give utmost consideration in order to enhance the chances of their loan request being granted. The findings from this research work will help improve the survival and growth rate of SMIs, guide and improve their access to funds from DMBs and also form a part of the basis for other research works in this field.
| Item Type: | Thesis (Masters) |
|---|---|
| Uncontrolled Keywords: | Collateral, Credit facilities, Deposit Money Banks, Small and Medium Industries. |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Hannah Akinwumi |
| Date Deposited: | 06 Mar 2020 08:21 |
| Last Modified: | 06 Mar 2020 08:21 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/13175 |
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