scholarly journals The Lebanese Perception of the Impact of Small & Medium Enterprises (SMEs) on the National Economy

2017 ◽  
Vol 3 (3) ◽  
pp. 330 ◽  
Author(s):  
Bassam Charif Hamdar ◽  
Rana Najjar ◽  
Kamel Karameh

<p class="Default"><em>Over the years, Small and Medium-Sized Enterprises (SMEs) have been very significant to the economic development of most developing and developed countries. It is a major form of business and a major employer with a strong positive impact on the economic growth and labor market in Lebanon. </em></p><p class="Default"><em>This paper researches the impact of SMEs on the Lebanese labor market and Lebanese economy. Furthermore, the importance of SMEs, and the challenges facing the sector and makes recommendations as to how to resolve these challenges.</em></p><p class="Default"><em>The data was collected through a questionnaire, and several literature, publications and reports.</em></p><p class="Default"><em>Based on past researches and studies there is a relation between SMEs and job creation in addition to the vital role they play in a nation’s economy.</em></p><p class="Default"><em>This is a basic study to show the impact and importance of SMEs. Recommendations are made for governments to encourage the entrepreneurial spirit and in collaboration with banks to facilitate access to credit to ensure the growth, development and continuation of SMEs. Furthermore, owners and employees of SMEs should be provided with a skill acquisition program to boost their skills, and to ensure the development of both employees and the business. </em></p>

2020 ◽  
Vol 19 (9) ◽  
pp. 1671-1694
Author(s):  
R.M. Mel'nikov

Subject. The article addresses the impact of religious confession on wages and the likelihood of unemployment in Russia. Objectives. The aim is to test the hypothesis that religious faith and high church attendance are accompanied by an increase in employment earnings. Methods. Using the Russian Longitudinal Monitoring Survey data, I estimate the Mincer's extended equation with variables that characterize the respondent’s religious commitment. To assess the impact of religious identity and the activity rate of attendance at religious services on the likelihood of unemployment and life satisfaction, I use probit models. Results. The estimates demonstrate that the Russian labor market rewards men with moderate and high degree of religious commitment; their wage growth reaches seventeen percent of the level of non-believers with comparable education and work experience. However, faithful Muslim women are employed in the lowest paid areas. Religious faith and regular church attendance have a positive effect on satisfaction with life (significant for Orthodox Christian women). Conclusions. Positive impact of religious capital on income and employment can be attributed to the development of business qualities that are rewarded in the labor market, the mutual support of religious network participants. Therefore, it possible to consider religious capital, along with educational capital and health capital, as a component of human capital and a factor of socio-economic development.


2021 ◽  
Vol 20 (1) ◽  
pp. 133-147
Author(s):  
Ullah Abid ◽  

Entrepreneurship is now considered to be an urgent solution for handling large pools of young graduates around the world. These crucial situations where universities are creating an excess number of graduates as compared to jobs availability increase the pressure on graduates as well as policy makers and educators. Entrepreneurship in this case does not only handle the burden of the unemployed among the youth but also positively improves the economic development of the country’s economy. In becoming entrepreneurs, graduates do not only create jobs for themselves but for other as well and play a vital role in the development of the economy. This paper explains gender-based entrepreneurship intentions amongst students of Russia and China (3 universities in China, 3 in Russia). A questionnaire was developed to find the impact of different behavior factors on male and female students of Russia and China. In terms of methodology, the quantitative technique was used to collect the data. The entrepreneurial spirit is explained after analyzing the data from three universities in each country. The six universities numbering 468 student respondents were analyzed through Statistical Package for the Social Sciences. To find out the association amongst different variables, multiple regression and correlation technique were used. The results also show an association of gender with entrepreneurship in students in both countries. However, in case of Russia male respondents showed higher intention than female respondents. To maintain the same role of male and female members in the society, development suggestions for educators and policy makers are presented.


2021 ◽  
Author(s):  
Fortunate Nosisa Zaca ◽  
Edilegnaw Wale ◽  
Unity Chipfupa

Abstract This study aimed to investigate the impact of social grant dependence on on-farm entrepreneurial spirit of smallholders. A sample of 175 farmers was obtained from two communities in KwaZulu-Natal. The study employed Principal Components Analysis and Tobit regression. The entrepreneurial spirit indices were constructed from revealed preference-based questions. The study found a positive relationship between the social grant and on-farm entrepreneurial spirit. The positive impact on rural household farming activities implies that the prevailing low entrepreneurial levels among farmers are not the result of social grant dependence but lack of opportunity and other resource constraints. However, to remain effective, policy should ensure that the grant money benefits (directly/indirectly) the intended beneficiary and their households. The other factors found to be associated with on-farm entrepreneurship include age of the farmer, gender, psychological capital, access to training, access to education, access to land, inadequate farming assets, water insecurity, extension, off-farm income and group membership. The study also recommends the need for strategies that improve psychological capital and thus enhance positive on-farm entrepreneurial behaviour among smallholder farmers. Addressing institutional and farming constraints related to access to resources and services (land, credit, extension, and water) and collective action will positively contribute to on-farm entrepreneurship.


Author(s):  
Р. Х. Азиева ◽  
Х. Э. Таймасханов

В современном мировом пространстве политика государств сопряжена с решением такой глобальной проблемы, как безработица. За последние три десятилетия безработица стала одной из наиболее значимых проблем не только в развивающихся, но и в развитых странах, так как безработица приводит к массовой нищете и угрожает социальной и политической стабильности. В статье представлены масштабы изменений в сфере занятости в условиях неопределенности и дана оценка влияния происходящих процессов на изменения структуры занятости. А также авторами представлены рекомендации по стабилизации рынка труда для недопущения высокого уровня безработицы и падения уровня жизни населения. In the modern world space, the policy of states is associated with the solution of such a global problem as unemployment. Over the past three decades, unemployment has become one of the most significant problems, not only in developing countries, but also in developed countries, as unemployment leads to mass poverty and threatens social and political stability. The article presents the scale of changes in the field of employment in conditions of uncertainty and assesses the impact of the processes on changes in the structure of employment. The authors also present recommendations for stabilizing the labor market to prevent high unemployment and falling living standards of the population.


Author(s):  
Jayoung James Goo ◽  
Joo-Yeun Heo

As the fintech industry grows around the world, regulatory issues continue to be a hot topic within the industry. To overcome regulatory barriers of the fintech industry, regulatory sandboxes have been adopted. The regulatory sandboxes are beneficial to create a fintech ecosystem, but their effectiveness has not been empirically supported. This study aims to find the expected effects of regulatory sandboxes on fintech venture investments empirically. We conducted an analysis using a country-level comparative research method. To analyze it, we selected nine forerunning countries which have initially adopted regulatory sandboxes. For the purpose of validations, a comparative analysis and a regression analysis were conducted. In the results, we found that the adoption of regulatory sandboxes had very positive influences on the growth of the fintech venture investment. The results implied that regulatory sandboxes may play a vital role in increasing the influx of venture capital into the fintech venture ecosystem by removing regulatory uncertainty. The findings of this research contribute to providing the empirical evidences to policy makers in interpretations of the positive impact of regulatory sandboxes.


The boom in the information technology (IT) has drastically changed the life style of people today. The electronic commerce plays a vital role in digital revolution by transforming the Indian consumer’s buying behaviour, and the usage of smart phones, internet, etc., have radically increased among the Indian consumers. The IT revolution has brought a profound renovation in healthcare services too. The huge health information on internet and various healthcare apps available in market have led to the emergence of Electronic Healthcare Services (e-healthcare services). In most of the developed countries people use e-healthcare services to retrieve any kind of information regarding health. This mainly saves the time and energy of the people. The information with regards to health can be obtained from open sources, healthcare apps such as diet apps, fitness apps etc. Moreover, the mobile health apps such as Practo, Docsapp etc., do provide anytime assistance to the users. Today, due to rapid increase in IT usage for healthcare services by the consumers, it is quite essential to the measure the impact of health information provided by websites and apps to their users. The e-healthcare can be viewed as the future of healthcare which is focused on providing quick, better and affordable services to the customers. Therefore, this study attempts to examine the behavioural intention to use and actual usage of the e-healthcare services. A self-administered questionnaire was distributed among the student community in Manipal, Karnataka, and at most 267 students participated in the survey. This study provides an understanding to the researchers aiming at identifying the factors determining the behavioural intention to use e-healthcare services and actual usage. Further, the study brings out the first order dimensions to measure the second order dimension of perceived value of e-healthcare services


2016 ◽  
Vol 14 (4) ◽  
pp. 67-75 ◽  
Author(s):  
Tshilidzi Eric Nenzhelele ◽  
Nthabiseng Violet Moraka ◽  
Kopano Kalvyn More

The recurrent struggle of seeking employment and the saturated labor market is a harsh reality in the lives of many university students. Entrepreneurship is arguably the most effective contributor to employment and economic growth. However, very few entrepreneurship graduates start businesses immediately after graduation. Moreover, while academic institutions invest in developing entrepreneurship curriculum and extending the body of knowledge, little is invested in practical programs. There is, therefore, a need to practically teach entrepreneurship. This research was aimed at establishing the impact of practical entrepreneurship project on future entrepreneurial intentions of students. The research was quantitative in nature and a questionnaire was used to collect data from the respondents. The research found that the practical entrepreneurship project had a positive impact on the future entrepreneurial intentions of the students. The sample for the survey reported in this article included 25 participants across various career fields. Keywords: entrepreneurship, entrepreneurial intentions, experiential learning, practical entrepreneurship project, student business initiative challenge. JEL Classification: L26


2021 ◽  
Vol 11 (2) ◽  
pp. 1814-1830
Author(s):  
Ode Sifatu WA

Aim: To understand deeply how the trend of technology has motivated entrepreneurs to become entrepreneurs who have a high entrepreneurial spirit through a review of dozens of international publications interested in discussing technology trends and implications for business people with a high entrepreneurial spirit. Method: Search for data electronically on several Google scholar-based data and other literary sources. Then we analyze the data by involving data coding, evaluation, in-depth interpretation, and concluding the principle of all data that is valuable and reliable. We emphasize secondary data from several international publications focused on the theme of this study. Result: The positive impact of technology trends on business success through the spirit of referring to technology-driven business governance and entrepreneurship has colored the findings of this study. The skills and enthusiasm of the impact of technology trends on business people are evident in adapting business people to the adoption of modern technology across businesses and in various service and goods industries. Conclusion: These findings have become the basis for many groups such as industry, education, and policymaking in many countries.


2021 ◽  
Vol 37 (01) ◽  
pp. 35-42
Author(s):  
Muhammad Asif Khan ◽  
Muhammad Waseem Khan ◽  
Asima Siddique

The climate variations have lot of the financial, medical and economic consequences. Studies showed that climate plays the vital role in virus transmission. This study analyzed the impact of climate indicators on COVID-19 concerning Pakistan. The secondary data is used for analysis as obtained from world health organization, ministry of health Pakistan and Pakistan meteorological department. The results show that all the research variables like temperature maximum, temperature minimum, humidity, and wind flow are positively and significantly correlated to COVID-19. Findings show that temperature maximum, temperature minimum, and wind flow have the positive and significant association with COVID-19, while the humidity has a positive impact on COVID-19 transmission. The study show that minimum temperature is favorable for the virus transmission. Thus, the study provides significant results in reaching the decision and concluding the study.


2018 ◽  
Vol 11 (11) ◽  
pp. 37 ◽  
Author(s):  
Lena Saleh ◽  
Laura El Saheli

The beauty service industry is one of the most flourishing industries in contemporary Beirut, the capital of Lebanon, as versatile demands from men and women have catered to this uplifting growth. A national scandal, however, lead to the suspension of several beauty centers, and conveyed a challenge for competitive small-medium enterprises (SME) to sustain relationships with customers over the long-run. The aim of this study was to understand the impact of customer relationship management (CRM) strategy on customer loyalty using the case of beauty centers in Beirut, Lebanon. The study employed a quantitative approach where data was collected by means of a questionnaire, from a sample of 103 customers. Four variables, as components of CRM, were measured in this study. Results of the statistical analysis verified that customer experience, employee behaviour, and value proposition have a positive impact on customer loyalty. This research provides recommendations for strategically improving relationship-oriented practices in Lebanese SMEs, particularly in the beauty sector.


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