Success Factors for Micro and Small Agribusiness Enterprises (MSES) - The Case of Ghana

• Autorzy: Alfred Asuming Boakye , Richard Ampadu-Ameyaw , George Owusu Essegbey , Justina Adwoa Onumah
• Języki publikacji: EN

Abstrakty

EN

Micro and Small Enterprises (MSEs) are considered to be engines of economic growth worldwide. Their efficiency and competitiveness is critical to the creation of employment, income generation and poverty reduction and thereby to general growth of the economy. However, studies on MSEs in Ghana have mainly focused on the financial performance with little or no attention paid to the contribution of environmental and socio-demographic factors to entrepreneurial success. The data for this study was obtained from Micro and Small Enterprises (MSEs) in some twenty districts across Ghana. A total of 2899 entrepreneurs were interviewed. A binary logit regression was used in determining the impact of socio-demographic and environmental factors on entrepreneurial business success. As shown by the results, the odds of business success increase by 67% if the formal education period is extended by one year. Supportive environmental factors also significantly contribute to business success. This study recommends a policy that will help improving access to market for MSEs. Policy makers should consider strengthening the potential of institutional support in terms of market information delivered by public institutions to enhance the business success of agribusiness entrepreneurs in Ghana.Micro and Small Enterprises (MSEs) are considered to be engines of economic growth worldwide. Their efficiency and competitiveness is critical to the creation of employment, income generation and poverty reduction and thereby to general growth of the economy. However, studies on MSEs in Ghana have mainly focused on the financial performance with little or no attention paid to the contribution of environmental and socio-demographic factors to entrepreneurial success. The data for this study was obtained from Micro and Small Enterprises (MSEs) in some twenty districts across Ghana. A total of 2899 entrepreneurs were interviewed. A binary logit regression was used in determining the impact of socio-demographic and environmental factors on entrepreneurial business success. As shown by the results, the odds of business success increase by 67% if the formal education period is extended by one year. Supportive environmental factors also significantly contribute to business success. This study recommends a policy that will help improving access to market for MSEs. Policy makers should consider strengthening the potential of institutional support in terms of market information delivered by public institutions to enhance the business success of agribusiness entrepreneurs in Ghana. (original abstract)

Słowa kluczowe

EN

Small business; Economic development and small business

PL

Małe i średnie przedsiębiorstwa; Rozwój gospodarczy a małe i średnie przedsiębiorstwa

• Czasopismo: Journal of Agribusiness and Rural Development
• Rocznik: 2018
• Numer: z. 1 (47)
• Strony: 5--12

Twórcy

autor

Alfred Asuming Boakye

• University of Ghana, Ghana

autor

Richard Ampadu-Ameyaw

• Science and Technology Policy Research Institute, CSIR, Ghana

autor

George Owusu Essegbey

• Science and Technology Policy Research Institute, CSIR, Ghana

autor

Justina Adwoa Onumah

• Science and Technology Policy Research Institute, CSIR, Ghana

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Identyfikatory

DOI

10.17306/J.JARD.2018.00406