scholarly journals An Exploratory Study of the Impact of Government Policies on the Development of Small and Medium Enterprises in Developing Countries

2020 ◽  
pp. 1205-1218
Author(s):  
Olusegun Dosumu ◽  
Javed Hussain ◽  
Hatem El-Gohary
Keyword(s):  
Developing Countries ◽  
Qualitative Methodology ◽  
Small And Medium Enterprises ◽  
Capital City ◽  
Government Policies ◽  
Technology Infrastructure ◽  
Face To Face ◽  
Research Findings ◽  
The Government ◽  
Medium Enterprises

This paper explores the effects of government policies on the development of Small and Medium Enterprises in developing countries through the examination of the case of Nigeria. Many research studies reported that SMEs in Nigeria have not benefited from the policies formulated by the government. This paper investigates the impediments to manufacturing SMEs growth and the needed pre-requisite environment for SMEs to benefit from government specific policies. The study adopted a qualitative methodology depending on face to face interviews with 20 SME owners and/or managers in five of the six geographical arears of Nigeria, 20 bank managers in the capital city of Lagos and 20 government officials located in the federal capital city of Abuja. The study unveils unique contextually novel insights, including particularly the distinctive processes and different relationships related to lenders decision. The research findings are consistent with those reported by other scholars in the field, and confirm that government policies and support in the areas of technology, infrastructure and finance affects the performance of SMEs to a great extent in Nigeria.

scholarly journals An Exploratory Study of the Impact of Government Policies on the Development of Small and Medium Enterprises in Developing Countries

2017 ◽  
Vol 8 (4) ◽  
pp. 51-62 ◽  
Author(s):  
Olusegun Dosumu ◽  
Javed Hussain ◽  
Hatem El-Gohary
Keyword(s):  
Developing Countries ◽  
Qualitative Methodology ◽  
Small And Medium Enterprises ◽  
Capital City ◽  
Government Policies ◽  
Technology Infrastructure ◽  
Face To Face ◽  
The Government ◽  
Medium Enterprises ◽  
The Impact

This paper explores the effects of government policies on the development of Small and Medium Enterprises in developing countries through the examination of the case of Nigeria. Many research studies reported that SMEs in Nigeria have not benefited from the policies formulated by the government. This paper investigates the impediments to manufacturing SMEs growth and the needed pre-requisite environment for SMEs to benefit from government specific policies. The study adopted a qualitative methodology depending on face to face interviews with 20 SME owners and/or managers in five of the six geographical arears of Nigeria, 20 bank managers in the capital city of Lagos and 20 government officials located in the federal capital city of Abuja. The study unveils unique contextually novel insights, including particularly the distinctive processes and different relationships related to lenders decision. The research findings are consistent with those reported by other scholars in the field, and confirm that government policies and support in the areas of technology, infrastructure and finance affects the performance of SMEs to a great extent in Nigeria.

Omani SME perceptions towards Islamic financing systems

2019 ◽  
Vol 11 (4) ◽  
pp. 369-386
Author(s):  
Yasmeen Al Balushi ◽  
Stuart Locke ◽  
Zakaria Boulanouar
Keyword(s):  
Banking Industry ◽  
Small And Medium Enterprises ◽  
Emerging Market ◽  
Capital City ◽  
Islamic Finance ◽  
Future Research ◽  
Islamic Banking ◽  
Content Type ◽  
Face To Face ◽  
Medium Enterprises

Purpose This paper aims to investigate small and medium enterprises’ (SMEs) owner–managers’ awareness, willingness and perceptions concerning Islamic financing instruments as an alternative sourcing decision in SMEs’ businesses. Design/methodology/approach The research employed mixed methods to gather data. A questionnaire survey was conducted via face-to-face interviews with 385 SME owner–managers operating in Muscat, Oman’s capital city, along with face-to-face discussion on Islamic finance with 86 SME owner–managers. Descriptive and thematic analysis were used to analyse the data. Findings The findings indicate that SME owner–managers are aware of Islamic banking principles and have knowledge of Islamic financial instruments, despite Islamic finance being new to Oman. Interestingly, although the majority of the participants indicated their intention to adopt this new finance method, they were motivated by special requirements other than finance. Their positive perception of Islamic financing methods could play a significant role in developing the Islamic banking industry. Research limitations/implications The research is limited in that its data came only from Omani SME owner–managers in Muscat. Future research could investigate wider samples. Secondly, the study’s findings lack generalisability to larger and public enterprises, because only SME owner–managers were surveyed. Practical implications This study will be important for policy makers concerned about SMEs’ financing, Islamic financial institutions and new entrants into the Islamic banking industry, as it provides empirically evidence of Omanis’ views, and more specifically those of Omani SME owner–managers, on the recent introduction of Islamic finance into the country. The insights this study offers should help them to develop the strategies required to attract SMEs and to construct policies and regulations to improve Oman’s Islamic banking industry. Originality/value The research is significant, as it is the first study to investigate the awareness, willingness and perceptions of Omani SMEs regarding Islamic banking in Oman. Even though all Omanis are Muslims, Oman was the last of the six-nation Gulf Cooperation Council countries to introduce Islamic finance. Thus, this emerging market provides an important basis from which to extend future research on Islamic finance to other potential Islamic finance markets.

scholarly journals How Hotel Industry Cope up with the COVID-19: An SME Perspective

ETIKONOMI ◽  
2021 ◽  
Vol 20 (2) ◽  
pp. 213-224
Author(s):  
Muhammad Nawaz Tunio ◽  
Lenny Yusrini ◽  
Zubair A. Shah ◽  
Naveeda Katper ◽  
Mushtaque Ali Jariko
Keyword(s):  
Developing Countries ◽  
Small And Medium Enterprises ◽  
Hotel Industry ◽  
Jel Classification ◽  
Structured Interviews ◽  
Qualitative Research Methodology ◽  
The Government ◽  
Medium Enterprises ◽  
Role Of The Government

This study aims to determine the plans and strategies adopted by the hotel industry during the COVID-19 crisis. In order to conduct this study, a qualitative research methodology was used where semi-structured interviews were conducted from three countries: Austria, Pakistan, and Indonesia. Interviews were conducted online with the help of applications such as Skype, WhatsApp, and Zoom. A thematic analysis was conducted in which codes, categories, and final themes were generated. The final themes are the study's findings, which are strategies for employees, strategies for customers, strategies for SME hotels, and strategies for the staff. Strategies for employees indicate the planning and programs of the SME Hotels. The study's findings show that strategies adopted by the hotel industries vary from country to country while depending on the contextual factors and role of the government. Most Small and Medium Enterprises (SMEs) hotels in developing countries are less familiar with how to react and survive in the conditions of the crises. Thus, this study can benefit the different stakeholders in the developed and developing countries for adopting strategies and maintain their business during the crises of the COVID-19.JEL Classification: B17, B27, F30, L83How to Cite:Tunio, M. N., Yusrini, L., Shah, Z. A., Katper, N., & Jariko, M. A. (2021). How Hotel Industry Cope Up With The Covid-19: An SME Perspective. Etikonomi, 20(2), 213 – xx. https://doi.org/10.15408/etk.v20i2.19172.

scholarly journals Peran Bank Pembiayaan Rakyat Syariah (BPRS) Dalam Pemberdayaan Ekonomi Masyarakat Bangka Belitung

2019 ◽  
Vol 5 (1) ◽  
pp. 36
Author(s):  
Ahmad Fauzi
Keyword(s):  
Pacific Islands ◽  
Negative Impact ◽  
Small And Medium Enterprises ◽  
Commodity Prices ◽  
Government Policies ◽  
Economic Empowerment ◽  
Economic Decline ◽  
Internal Factors ◽  
The Government ◽  
Medium Enterprises

Community economic decline as a result of commodity prices dropped and the depletion of land for mining and burdensome regulation miners negative impact on revenue Pacific Islands community where the majority of farmers and miners. This is the reason for researchers to examineRole of People's Bank Syariah Financing (SRB) Economic Empowerment In Bangka Belitung. Results from these studies areBank Financing Sharia (SRB) Bangka Belitung in developing the Micro, Small and Medium Enterprises (SMEs) only to providers of financing for communities that need capital to start a business or expand it. Constraints Financing Bank Rakyat Syariah (SRB) Bangka Belitung in developing the Micro, Small and Medium Enterprises (SMEs) which are internal factors such as the collateral for the financing, external factors such as Human Resources (HR) is not much and the government policies that have not been aligned to the bank sharia.

scholarly journals Edukasi Penyusunan Laporan Keuangan Badan Usaha Milik Negeri (BUMneg) Ulihalawang Hitumessing

2021 ◽  
Vol 4 (2) ◽  
pp. 115
Author(s):  
Fajrul Rahman Slamat ◽  
Ishak Ishak ◽  
Mila Juliyanty Salampessy ◽  
Faizah Salma Kaliky
Keyword(s):  
Small And Medium Enterprises ◽  
Financial Statements ◽  
Routine Activities ◽  
Accounting Students ◽  
Financial Reports ◽  
Face To Face ◽  
Additional Information ◽  
The Government ◽  
Medium Enterprises ◽  
General Journal

AbstrakSalah satu yang sangat diharapkan oleh pemerintah negeri Hitumessing untuk masyarakatnya demi mencapai kesejahteraan dalam hidup adalah dapat mandiri, serta tidak serta merta menggantungkan apa yang diberikan pemerintah kepadanya melainkan untuk menciptakan lapangan kerja, seperti misalnya usaha dalam bidang jasa, kuliner, dan lainnya. Hal ini akan dibentuk melalui berbagai jenis usaha misalnya home industry, koperasi ataupun Usaha Kecil Menengah (UKM)  Berhubung minimnya pengetahuan tentang penyusunan  laporan keuangan oleh pihak (BUMneg) Ulihalawang  maka kami selaku mahasiswa jurusan  Akuntansi membantu mengatasi masalah penyusunan laporan keuangan pada (BUMneg) Ulihalawang, Tujuan dari edukasi ini untuk memahamkan pegawai dan staf  (BUMneg) Ulihalawang tentang  tata cara penyusunan laporan keuangan agar dapat memahami dan bisa membuat laporan keuangan dengan baik dan benar sesuai dengan SAK ETAP. Treatment yang diberikan setelah mendapatkan masalah riil di lapangan adalah dengan memberikan materi tentang penyusunan laporan keuangan secara tatap muka. pertama yaitu dengan membenahi aspek keuangan pada BUMneg Ulihalawang dan dilanjutkan dengan melakukan penyusunan laporan keuangan BUMneg Ulihalawang dengan benar. Selanjutnya kami  menjelaskan kepada pihak BUMneg bagaimana melakukan penyusunan laporan keuangan ketika adanya transaksi masuk dan transaksi keluar, dan menjelaskan serta  mempraktikkan tata cara atau proses penyusunan laporan keuangan yang dimana berawal dari pembuatan jurnal umum berdasarkan bukti-bukti transaksi yang ada, kemudian memposting ke buku besar berdasarkan akun-akun yang ada pada jurnal umum, selanjutnya memindahkan nilai-nilai yang ada pada buku besar ke neraca saldo berdasarkan akunnya, jika ada informasi tambahan di akhir bulan maka harus dibuatkan jurnal penyesuaian untuk mengetahui nilai suatu akun yang ada pada informasi tambahan tadi. Kemudian kami membantu pihak Bumneg dalam dalam membuat laporan keuangan per 30 juli sekaligus sebagai acuan kepada pihak BUMneg untuk membuat laporan keuangan dalam setiap kegiatan yang dilakukan oleh pihak BUMneg baik kegiatan rutin atau pun kegiatan tambahan.Kata Kunci: Edukasi, Penyusunan Laporan Keuangan, BUMnegAbstractOne of the things that the government of the black country highly hopes for its people in order to achieve prosperity in life is to be able to be independent, and not necessarily to depend on what the government gives to it but to create jobs, such as businesses in the service, culinary, and other fields.  This will be formed through various types of businesses, for example home industry, cooperatives or small and medium enterprises (UKM) due to the lack of knowledge about the preparation of financial reports by the Ulihalawang village-owned enterprise (BUMNeg), so we as accounting students help overcome the problem of preparing financial reports at  Ulihalawang village-owned enterprise, the purpose of this education is to understand the employees and staff of Ulihalawang village-owned enterprises about the procedures for preparing financial reports so that they can understand and be able to make financial reports properly and correctly in accordance with SAK ETAP.  The treatment given after having real problems in the field is to provide material on the preparation of face-to-face financial reports.  The first is to fix the financial aspects of the Ulihalawang village-owned enterprise and continue with the correct preparation of financial reports for the Ulihalawang village-owned enterprises. then we explain to village-owned enterprises how to prepare financial reports when there are incoming and outgoing transactions, and explain and practice the procedures or processes for preparing financial reports which begin with making general journals based on existing transaction evidence, then posting to the ledger based on the accounts in the general journal, then transfer the values in the ledger to the trial balance based on the account, if there is additional information at the end of the month, an adjusting journal must be made to determine the value of an account in the information extra earlier. then we assisted village-owned enterprises in making financial reports as of July 30 as well as a reference for village-owned enterprises to make financial reports in every activity carried out by village-owned enterprises either routine activities or additional activitiesKeywords: Education, Preparation of financial statements, BUMneg

scholarly journals An Institutional Approach to Female Entrepreneurship in Nigeria

JWEE ◽  
2018 ◽  
pp. 31
Author(s):  
Ann Terngu Makar Vandefan
Keyword(s):  
Developing Countries ◽  
Small And Medium Enterprises ◽  
Female Entrepreneurship ◽  
Female Entrepreneurs ◽  
Unemployment Rates ◽  
Medium Scale ◽  
Institutional Approach ◽  
Institutional Frameworks ◽  
The Government ◽  
Medium Enterprises

With the increase in population and unemployment rates globally, especially in developing countries like Nigeria, the government of most nationals is unable to provide adequate jobs for their teeming population. This study is to ascertain the Institutional Approach to Female entrepreneurship in Nigeria.  There are about 37,067,416 micro businesses and 36,994,578 Small and 4,670 Medium Scale businesses respectively in Nigeria (SMEDAN 2010, SMEDAN 2013 & SMEDAN 2015). Female entrepreneurs accounted for ownership of 43.32% of Microenterprises and 22.75% of Small and Medium enterprises respectively (NEPZA 2013). Yet there is no clear Institutional Approach to Female Entrepreneurship in Nigeria. The focus of this article is to explain the reasons for the lack of institutional approach and proffer ways to developing same.  This is imperative in order to develop institutional frameworks for providing effective support for female entrepreneurs

scholarly journals Pengaruh Entrepreneurial Marketing dan Kebijakan Pemerintah terhadap Daya Saing Industri Alas Kaki di Bogor

2016 ◽  
Vol 4 (2) ◽  
pp. 91
Author(s):  
Stevia Septiani ◽  
Ma'mun Sarma ◽  
Wilson H. Limbong
Keyword(s):  
Small And Medium Enterprises ◽  
Partial Least Square ◽  
Least Square ◽  
Government Policies ◽  
Equation Modeling ◽  
Entrepreneurial Marketing ◽  
Footwear Industry ◽  
Marketing Variables ◽  
The Government ◽  
Medium Enterprises

<p><em>Entrepreneurial marketing is the suitable approach in terms of resource constraints and problems that exist in small and medium enterprises (SMEs). Footwear industry is a sector of Small and Medium Enterprises (SMEs) that is supported by the government of Bogor. Problems of development of footwear industry are divided into two main factors: the competence of SMEs and local government policy. Based on these problems, this study aims to (1) Identify the characteristics of entrepreneurs, business characteristics and linkages both of them, (2) Identify and analyze the ability of entrepreneurial marketing, implementation of government policies and the ability of the competitiveness of small industrial footwear in Bogor, and (3) Identify and analyze the influence of entrepreneurial marketing and government policies on the competitiveness of the footwear industry in Bogor. Sample selection is done by purposive cluster sampling method. The samples in this study were 100 small business owners. This study employs three data analysis: descriptive analysis, index transformation analysis, and analysis of structural equation modeling (SEM) with partial least square (PLS). Characteristics of footwear SME owners in Bogor is included the low-educated group. However, they have excellent expertise in the producing of footwear. Characteristics of footwear enterprises in Bogor, is categorized as the long standing and major businesses. Based on the analysis of SEM with PLS approach, it is known that the entrepreneurial marketing variables have a positive impact on the competitiveness of small industrial footwear in Bogor, while the government policies variables have an indirect effect on competitiveness through entrepreneurial marketing variables.</em></p><p><em>Keyword: entrepreneurial marketing, competitiveness, SMEs, footwear industry, PLS</em></p>

scholarly journals An Empirical Investigation of the Challenges of Cloud-Based ERP Adoption in Pakistani SMEs

2021 ◽  
Vol 2021 ◽  
pp. 1-8
Author(s):  
Mujtaba Awan ◽  
Niamat Ullah ◽  
Sikandar Ali ◽  
Irshad Ahmed Abbasi ◽  
Muhammad Shabbir Hassan ◽  
...  
Keyword(s):  
Qualitative Research ◽  
Developing Countries ◽  
Empirical Investigation ◽  
Small And Medium Enterprises ◽  
Research Approach ◽  
Maintenance Costs ◽  
Erp System ◽  
Face To Face ◽  
Interview Methods ◽  
Medium Enterprises

Cloud-based ERP solutions offer many benefits to small and medium enterprises (SMEs) and help them to integrate their activities, such as improve communications and reduce operational and maintenance costs. Primarily, it was only adopted by large organizations, but now SMEs are also keen on adoption. However, the motivation regarding the adoption of these systems in SMEs is relatively low in developing countries. This fact urges us to investigate the challenges faced by Pakistani SMEs. A qualitative research approach along with unstructured interviews was conducted by means of face to face. Interview methods are used to extract understanding, opinions, and challenges faced by SMEs on their way to adopt the cloud-based ERP system. The data were collected from eight well-reputed organizations, directly involved in the adoption. The study found ten (10) themes that are reluctant to adopt cloud ERP among Pakistani SMEs. The main benefit of these themes is to provide results that can be easily accessible to enterprises who want to adopt a cloud-based ERP. This can also contribute to the lack of the literature of cloud ERP and delivers insight for future study by practitioners and researchers.

Pengaturan Waralaba Di Indonesia: Perspektif Hukum Bisnis

Liquidity ◽  
2018 ◽  
Vol 1 (2) ◽  
pp. 159-166
Author(s):  
Muchtar Riva’i
Keyword(s):  
Government Regulation ◽  
Small And Medium Enterprises ◽  
Economic Community ◽  
The Law ◽  
The Government ◽  
Medium Enterprises ◽  
Article 5 ◽  
Laws And Regulations

The law arrangement of franchise law was first explicitly regulated by the Government Regulation No. 16 of 1997 which is then updated by Government Regulation No. 42 of 2007 to be created in an agreement that at least contains clauses as stipulated by Article 5 of the Government Regulation. However, franchise arrangements also associated with a variety of other laws and regulations applicable in Indonesia. This article is going to state that the importance of partnerships with small and medium enterprises as an effort to encourage the involvement of the wider economic community.

Supporting Small and Medium Enterpries to Access Technological Innovation State Fund: International Experience and Lessons for Vietnam

2018 ◽  
Vol 34 (1) ◽  
Author(s):  
Huong Vu Thanh ◽  
Thu Anh Nguyen ◽  
Mai Thi Thanh Nguyen
Keyword(s):  
Developing Countries ◽  
Technological Innovation ◽  
Financial Support ◽  
Technology Innovation ◽  
Small And Medium Enterprises ◽  
International Experience ◽  
Advanced Technologies ◽  
Medium Enterprises ◽  
Developed Nations ◽  
State Fund

Technological innovation state funds supporting small and medium enterprises (SMEs) are not common in the developing countries like Vietnam, but are common in the developed nations like the European countries and Korea. The financial and non-financial support of these funds has contributed significantly to the development of many SMEs. Learning from the funds which have successfully facilitated SMEs in innovating and developing advanced technologies is meaningful to the Vietnamese sicence and techonology management bodies and state funds. This article will review the experience of some typical fund in supporting SMEs, thereby providing some lessons for technology innovation Funds of Vietnam to create a more favorable environment for SMEs to access funds.

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