Moderating effect of access to finance on total quality management, market orientation, entrepreneurial orientation of small and medium entreprises performance in Nigeria

Past literature reported a mixed influence of total quality management, market orientation, entrepreneurial orientation, and performance of small and medium enterprises (SMEs). Thus, suggesting the need for the incorporation and testing of the effect of a moderating variable due to the inconsistency in the research findings. To address this theoretical gap, the present study used resource-based view and pecking order theory to examine the moderating role of access to finance on the relationships between total quality management, market orientation, entrepreneurial orientation, and SME performance. The study employed stratified random sampling and self-administered questionnaire techniques in collecting data from SMEs operating in the Kano, Kaduna, and Sokoto states in the north-west geopolitical zone of Nigeria. Based on the response rate of 302 questionnaires, hypotheses were tested using Partial Least Squares Structural Equation Modelling (PLS-SEM). The findings of the study showed that total quality management, market orientation, and entrepreneurial orientation were significant predictors of SME performance. The results of the study also indicated that access to finance moderated the relationship between total quality management and SME performance. Also, access to finance moderated the relationship between market orientation and SME performance. A similar result was also found for the relationship between entrepreneurial orientation and SME performance. The study may benefit SME owners/managers, small and medium enterprises development agency of Nigeria (SMEDAN), manufacturers association of Nigeria (MAN), as well as governments at various levels. The study may also serve as a reference for future studies. Finally, the limitations, implications, and suggestions for future research are discussed

Empirical Investigation on the Relationship Between Strategic Orientations and SMEs Performance in Nigeria

This study examines the relationship between strategic orientations and SMEs performance in Nigeria. The debate on entrepreneurial orientation and market orientation to firm performance will for a long time remain area of research. The population of this paper consists of 3,723 of all the SMEs operating in Kaduna and Sokoto state North West Nigeria. Out of which 351 sample questionnaires were administered to respondents concerning the entrepreneurial orientation and market orientation to SMEs performance. 218 questionnaires were returned. The number of valid questionnaires is 213. The data were analyzed using Partial Least Square Structural Equation Modelling (PLS-SEM) to determine the effect of the variables of the study. The findings of the paper indicated that entrepreneurial orientation promoting SMEs performance in Kaduna and Sokoto state North West Nigeria. Similarly, the result shows a statistically significant positive influence of entrepreneurial orientation to SMEs performance. While market orientation has no relationship with SMEs’ performance in Kaduna and Sokoto state North West Nigeria. The findings will provide the government, policy maker(s) and other SMEs’ stakeholders with the important variables of these entrepreneurial orientation and market orientation to SMEs performance in Nigeria. Implications and Suggestions for future research direction were discussed Keywords: Strategic orientation, entrepreneurial orientation and market orientation, Small and Medium Performance

Investigating the Effect of Entrepreneurship Development on the Relationship between Market Orientation, Total Quality Management and SMEs Performance in Kano

This paper investigates the effect of entrepreneurship development on the Small and Medium Enterprises (SMEs) performance in Kano. The issue of Market Orientation (MO), Total Quality Management (TQM) on the Small and Medium Enterprises (SMEs) performance in Kano state will be an interesting area of research as a centre of commerce in Nigeria. The paper sample consists of 8,286 of all the SMEs operating in Kano state. Out of which 367 questionnaires were administered to respondents concerning the MO and TQM to SMEs performance, 297 were returned. The numbers of the valid questionnaires are 291. The data were analyzed using Partial Least Square Structural Equation Modelling (PLS-SEM) to determining the effect of the variables of the study. The findings of the paper indicated that entrepreneurship development factors: MO and TQM promoting SMEs performance in Kano state. The results showed a statistically significant positive influence of both MO and TQM to SMEs performance. The finding provides the government, policy maker, SMEDAN and SMEs owners/ managers with the important variables of this MO and TQM to SMEs performance in Nigeria. This paper also made some recommendations for future research

Empirical Investigation on the Relationship Between Strategic Orientations and SMEs Performance in Nigeria

This study examines the relationship between strategic orientations and SMEs performance in Nigeria. The debate on entrepreneurial orientation and market orientation to firm performance will for a long time remain area of research. The population of this paper consists of 3,723 of all the SMEs operating in Kaduna and Sokoto state North West Nigeria. Out of which 351 sample questionnaires were administered to respondents concerning the entrepreneurial orientation and market orientation to SMEs performance. 218 questionnaires were returned. The number of valid questionnaires is 213. The data were analyzed using Partial Least Square Structural Equation Modelling (PLS-SEM) to determine the effect of the variables of the study. The findings of the paper indicated that entrepreneurial orientation promoting SMEs performance in Kaduna and Sokoto state North West Nigeria. Similarly, the result shows a statistically significant positive influence of entrepreneurial orientation to SMEs performance. While market orientation has no relationship with SMEs’ performance in Kaduna and Sokoto state North West Nigeria. The findings will provide the government, policy maker(s) and other SMEs’ stakeholders with the important variables of these entrepreneurial orientation and market orientation to SMEs performance in Nigeria. Implications and Suggestions for future research direction were discussed Keywords: Strategic orientation, entrepreneurial orientation and market orientation, Small and Medium Performance

Investigating the Influence of Shareholder Rights Mechanisms on the Perceived Performance of Listed Firms in Nigeria

The current debate of the issues of shareholder rights to firm performance have grown a topic of research both in the developed and emerging economy.There is serious concern regarding the effectiveness of the board of directors’ transparency and accountability, company image and the rights of the shareholders in recent times.This paper attempts to investigate the influence of shareholders rights mechanisms to perceived performance of listed firms in Nigeria. The underpinning theory of the paper is rooted in agency theory and supported by stewardship theory to increase the understanding of the influence of the board of directors’ transparency and accountability, company image and the shareholder rights to the perceived firm performance.The questionnaire was used as an instrument for data collection from the sampled respondents. Administered to the respondents.247 copies of the questionnaire were administered with 117 duly completed and returned.Empirical findings showed that board of directors’ transparency and accountability and shareholder right were positively associated with perceived firm performance.While company image did not show any significant link to perceived firm performance. The findings contribute theoretically to the knowledge of corporate governance. Based on the knowledge of this study, this is the first study that adopts the use of primary data to investigate the influence of shareholders’ rights mechanisms on the perceived performance of listed firms in Nigeria. The findings provide policymakers, stakeholders, and government with a better picture of the transparency and accountability and the right of the shareholder

Investigating the effect of entrepreneurship development on the relationship between market orientation, total quality management and SMEs performance in Kano

This paper investigates the effect of entrepreneurship development on the Small and Medium Enterprises (SMEs) performance in Kano. The issue of Market Orientation (MO), Total Quality Management (TQM) on the Small and Medium Enterprises (SMEs) performance in Kano state will be an interesting area of research as a centre of commerce in Nigeria. The paper sample consists of 8,286 of all the SMEs operating in Kano state.Out of which 367 questionnaires were administered to respondents concerning the MO and TQM to SMEs performance, 297 were returned.The number of the valid questionnaires are 291.The data were analyzed using Partial Least Square Structural Equation Modelling (PLS-SEM) to determining the effect of the variables of the study. The findings of the paper indicated that entrepreneurship development factors: MO and TQM promoting SMEs performance in Kano state.The results showed a statistically significant positive influence of both MO and TQM to SMEs performance.The finding provides the government, policy maker, small and medium enterprises development agency of Nigeria (SMEDAN) and SMEs owners/ managers with the important variables of this MO and TQM to SMEs performance in Nigeria.This paper also made some recommendations for future research

Investigating the Influence of Shareholder Mechanisms on the Perceived Performance of Listed Firms in Nigeria

The current debate on the issues of shareholder rights to firm performance has grown as a topic of research both in the developed and emerging economy. There is serious concern regarding the effectiveness of the board transparency and accountability, company image and the rights of the shareholders in recent times. This paper investigated the influence of shareholders mechanisms on the perceived performance of listed firms in Nigeria. The study is guided byagency theory and supported by the stewardship theory. The questionnaire was used as an instrument for data collection. 247 questionnaires were administered with 117 duly completed and returned. Hence, the number of completed valid questionnairesis 114. However, data were analysed using Partial Least Square Structural Equation Modeling (PLS-SEM). Empirical findings showed that board transparency/accountability and shareholder right were significantly and positively related to perceived firm performance. Whilethe company image did not show any significant link to perceived firm performance.Hence, based on the researches knowledge, this is the first of its kind to adopt primary data to investigate the influence of shareholders’ rights mechanisms on the perceived performance of listed firms in Nigeria. Therefore, the findings of this study,provide researchers, policymakers, firms, stakeholders, and the agencies of the government with a better picture of the transparency and accountability and the right of the shareholder. The study recommends that listed firms in Nigeria should adhere to professional ethics and best business practices such as financial prudence and accountability to their board of directors