scholarly journals Export constraints facing Lesotho-based manufacturing enterprises

2015 ◽  
Vol 15 (1) ◽  
Author(s):  
Motšelisi C. Mokhethi ◽  
Adolf J. Vögel
Keyword(s):  
Financial Constraints ◽  
Job Creation ◽  
Financial Constraint ◽  
Manufacturing Enterprises ◽  
Low Diversity ◽  
Export Barriers ◽  
The Government ◽  
Value Add ◽  
Micro Enterprises ◽  
Enterprise Size

Orientation: Exporting is preferred by many enterprises as the mode of foreign entry as it requires less commitment of organisational resources and offers flexibility of managerial actions. However, enterprises face a number of challenges when attempting to initiate exports or expand their export operations.Research purpose: This study was undertaken to determine the characteristics and composition of export barriers constraining exporting by Lesotho-based manufacturing enterprises.Motivation for the study: Lesotho is faced with low destination diversity and low diversity in export products.Research design, approach and method: Data was collected from 162 Lesotho-based manufacturing enterprises through a self-administered questionnaire.Main findings: In its findings, the study firstly identified international constraints, distribution constraints and financial constraints as factors constraining exporting. Secondly, it was determined that three exporting constraints, all internal to the enterprise and all related to one factor (namely financial constraint) hampered exporting. Lastly, the ANOVA results revealed that the perceptions of export constraints differed according to the enterprise characteristics, enterprise size, ownership and type of industry.Contribution/value-add: With the majority of enterprises in this study being identified as micro-enterprises, the government of Lesotho needs to pay particular attention to addressing the export needs of these enterprises in order to enable them to participate in exporting activities − especially considering that they can play a pivotal role in the alleviation of poverty, job creation and economic rejuvenation.

scholarly journals The Perceived Export Barriers of Micro, Small, and Medium Enterprises: An Analysis from Lesotho-Based Manufacturing Enterprises

2019 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Motšelisi C. Mokhethi ◽  
Keyword(s):  
Financial Constraints ◽  
Small And Medium Enterprises ◽  
Financial Resources ◽  
Small Enterprises ◽  
Design Data ◽  
Cross Sectional ◽  
Financial Barriers ◽  
Manufacturing Enterprises ◽  
Export Barriers ◽  
Medium Enterprises

Small enterprises represent a large proportion of enterprises in most economies and are a driving force for economic growth. Most small enterprises refrain from exporting due to a number of challenges. The aim of this study was to determine the exporting barriers perceived to constrain exporting from Lesotho-based manufacturing micro, small, and medium enterprises (MSMEs). The study adopted a cross-sectional descriptive design. Data were collected from 162 Lesotho-based manufacturing enterprises through a self-administered questionnaire. Factor analysis revealed three export barrier groupings, namely international, distribution, and financial constraints. The descriptive statistics showed that Lesotho-based manufacturing MSMEs perceive lack of financial resources for market research, lack of financial resources to finance export sales, and lack of excess capacity for exports, all internal to an enterprise-loading under financial barriers as constraints to exporting. The study added to the literature new classes of export barriers. The findings suggest that the government of Lesotho has to put in place mechanisms that can reduce financial constraints to enable MSMEs to contribute as expected.

The Agrarian Question in Contemporary Zimbabwe

2019 ◽  
Vol 49 (1) ◽  
Author(s):  
Toendepi Shonhe
Keyword(s):  
Capital Accumulation ◽  
Crop Production ◽  
Job Creation ◽  
Food Crop ◽  
Contract Farming ◽  
Agrarian Question ◽  
Food Crop Production ◽  
The Government ◽  
Agrarian Transition ◽  
Depth Interviews

The reinvestment of rural agrarian surplus is driving capital accumulation in Zimbabwe's countryside, providing a scope to foster national (re-) industrialisation and job creation. Contrary to Bernstein's view, the Agrarian Question on capital remains unresolved in Southern Africa. Even though export finance, accessed through contract farming, provides an impetus for export cash crop production, and the government-mediated command agriculture supports food crop production, the reinvestment of proceeds from the sale of agricultural commodities is now driving capital accumulation. Drawing from empirical data, gathered through surveys and in-depth interviews from Hwedza district and Mvurwi farming area in Mazowe district in Zimbabwe, the findings of this study revealed the pre-eminence of the Agrarian Question, linked to an ongoing agrarian transition in Zimbabwe. This agrarian capital elaborates rural-urban interconnections and economic development, following two decades of de-industrialisation in Zimbabwe. 

scholarly journals Financial constraint, trust, and export performances: firm-level evidence from Africa

2021 ◽  
pp. 1-23
Author(s):  
Maty Konte ◽  
Gideon Ndubuisi
Keyword(s):  
Financial Constraints ◽  
Interpersonal Trust ◽  
Negative Relationship ◽  
Financial Constraint ◽  
African Countries ◽  
Firm Level ◽  
Country Level ◽  
The World Bank ◽  
Negative Effect ◽  
Enterprise Surveys

Abstract Several existing studies have documented a negative relationship between firm financial constraint and export activities but do not attempt to examine factors that could attenuate this relationship in Africa. In this paper, we examine the effect of financial constraint on exports in Africa and explore how the level of trust in countries where firms are located shapes this relationship. We combine the World Bank Enterprise Surveys with different measures of country-level personal and interpersonal trust computed from the Afrobarometer surveys of 19 African countries. Our results show that financial constraints negatively affect export activities. However, this negative effect is attenuated for firms that are located in trust-intensive societies. These findings are robust to different specifications. Interestingly, we find that small and medium-sized enterprises in Africa are more likely to be affected by financial constraints but also more likely to benefit from a higher level of both personal and interpersonal trust, while for larger firms only interpersonal trust matters.

scholarly journals Monopoly behavior of China’s manufacturing enterprises

2019 ◽  
Vol 2 (1) ◽  
pp. 157-179
Author(s):  
Guidong Wang
Keyword(s):  
Design Methodology ◽  
Manufacturing Industry ◽  
Rent Seeking ◽  
Content Type ◽  
Manufacturing Enterprises ◽  
Slow Decline ◽  
State Capital ◽  
The Government ◽  
Do So ◽  
Initial Jump

Purpose With the increase of state capital, corporate total factor productivity (TFP) has a tendency to jump up at first and then slowly decrease. Generally, no significant “productivity paradox” can be observed in China’s manufacturing industry. With the increase of export density, corporate TFP also shows a trend of initial jump growth and subsequent slow decline. This paper aims to discuss these issues. Design/methodology/approach Using the 1996–2013 China Industrial Enterprise Database, this paper studies the monopolistic behavior of Chinese manufacturing enterprises through the measurement of TFP and corporate monopoly power. Findings Results show that China’s manufacturing monopoly enterprises are generally innovation-oriented rather than rent-seeking. However, there are certain differences between diversified types of monopoly enterprises: the ones with state capital are more inclined to innovate than those without, whereas the ones with export delivery value are more inclined to seek rent than those without. Originality/value Therefore, the government should implement differentiated policies for diversified types of monopoly enterprises, and do so in a targeted manner fully reflecting the containment of rent-seeking and the encouragement of innovation.

Brokerage and SME Innovation

2012 ◽  
Vol 26 (5) ◽  
pp. 381-391 ◽  
Author(s):  
Paolo Cattapan ◽  
Mariacarmela Passarelli ◽  
Michele Petrone
Keyword(s):  
Best Practice ◽  
Job Creation ◽  
Science Park ◽  
Revenue Growth ◽  
Positive Effects ◽  
Industry Collaboration ◽  
Product And Process Innovation ◽  
Product And Process ◽  
Positive Effect ◽  
Micro Enterprises

This paper contributes to the literature on innovation brokerage by analysing the effects of brokerage activities on the innovation and growth of small and medium-sized enterprises (SMEs). The authors provide a detailed description of the Technology Transfer Service (TTS), credited as a European best-practice innovation broker, at Area Science Park in Italy. They then carry out an exploratory econometric analysis, the results of which show that the support provided by the TTS enables research–industry collaboration and has positive effects on product and process innovation in SMEs, but it appears not to affect the generation of new patents in SMEs. The results also suggest that the growth in innovation enabled by the support of TTS has a positive effect on the SMEs' revenue growth and job creation. However the innovation broker is more effective in relation to larger firms than it is for micro-enterprises.

Mobile Value Added Services in Fiji

2017 ◽  
Vol 25 (2) ◽  
pp. 1-14
Author(s):  
Milind Sathye ◽  
Biman Prasad ◽  
Dharmendra Sharma ◽  
Parmendra Sharma ◽  
Suneeta Sathye
Keyword(s):  
Mobile Phones ◽  
Emerging Economies ◽  
Value Added ◽  
Policy Framework ◽  
Business Growth ◽  
Structured Interviews ◽  
Policy Initiatives ◽  
The Government ◽  
Institutional Drivers ◽  
Micro Enterprises

While mobile phones are making significant inroads in many developing countries, little is known about the institutional drivers, policy barriers and industry challenges that affect their use for business growth of micro- enterprises. The authors address this gap. After conducting semi-structured interviews of 74 women-owned micro entrepreneurs and ten key informants from the government and industry in Fiji, the authors found that appropriate policy framework, supporting infrastructure and appropriate ecosystem are required for rapid uptake of mobile value added services by women-owned micro entrepreneurs. They contribute by proposing a revised technology adoption framework as well as the four shackles theory of women micro entrepreneurs' empowerment and emancipation. The authors also highlight the policy initiatives necessary to accelerate the growth of women-owned micro enterprises by mobile value added services which could also guide other developing and emerging economies.

Using 10-K Text to Gauge Financial Constraints

2015 ◽  
Vol 50 (4) ◽  
pp. 623-646 ◽  
Author(s):  
Andriy Bodnaruk ◽  
Tim Loughran ◽  
Bill McDonald
Keyword(s):  
Capital Structure ◽  
Financial Constraints ◽  
Securities And Exchange Commission ◽  
Financial Constraint ◽  
Firm Characteristics ◽  
Low Correlation ◽  
Highly Correlated ◽  
Firm Attributes ◽  
The U.S ◽  
Better Than

AbstractMeasuring the extent to which a firm is financially constrained is critical in assessing capital structure. Extant measures of financial constraints focus on macro firm characteristics such as age and size, variables highly correlated with other firm attributes. We parse 10-K disclosures filed with the U.S. Securities and Exchange Commission (SEC) using a unique lexicon based on constraining words. We find that the frequency of constraining words exhibits very low correlation with traditional measures of financial constraints and predicts subsequent liquidity events, such as dividend omissions or increases, equity recycling, and underfunded pensions, better than widely used financial constraint indexes.

scholarly journals UPAYA PENCEGAHAN PEMUTUSAN HUBUNGAN KERJA PEKERJA DI SEKTOR FORMAL BERDASARKAN KEADAAN MEMAKSA PANDEMI COVID-19

2021 ◽  
Vol 7 (1) ◽  
pp. 139-161
Author(s):  
Steven Suprantio
Keyword(s):  
Public Health ◽  
Job Creation ◽  
Public Health Emergency ◽  
State Of Emergency ◽  
Business World ◽  
The Public ◽  
Economic Slowdown ◽  
The Government ◽  
Economic Necessity ◽  
Government Workers

The business world everywhere including those in Indonesia cannot but felt the brunt of economic slowdown caused by the public health emergency (the COVID 19 pandemic). Quite a few national and local businesses have had to close their operation and lay off all its employees. Although the consensus between the government, workers (individuals and unions) as well as employers is to prevent and avoid termination of employment at all costs, the Law No. 11 of 2020, re. Job Creation allows massive dismissal of employees due to economic necessity or state of emergency. This article shall critically examine how the prevailing law, Law No. 11 of 2020 re. Job Creation regulates termination of employment in case of state of emergency.  

scholarly journals Conflict of Civil Society Movement and Government in the Process of Developing of The Job Creation Bill

PROPAGANDA ◽  
2021 ◽  
Vol 1 (1) ◽  
pp. 12-22
Author(s):  
M. Masad Masrur
Keyword(s):  
Conflict Resolution ◽  
Civil Society ◽  
Interest Groups ◽  
Judicial Review ◽  
Job Creation ◽  
Violent Conflict ◽  
Constitutional Court ◽  
Community Groups ◽  
Public Facilities ◽  
The Government

The discussion room for the Work Creation Bill is officially located at the DPR RI Building. The discussion, which involved various interest groups, was deemed insufficient to accommodate the “rejecting” aspirations expressed by various community groups. Several community groups who are members of various civil society movements, held demonstrations outside the DPR RI Building as a venue for discussion of the Job Creation Bill. Demonstrations that also took place in these areas have caused damage to public facilities. According to Habermas's opinion, this condition is the result of structural domination, where the ruling group directs various forms of policy with instrumental communication that will not create understanding. In agreement with Gramsci, in this case, there is a political hegemony between one group against another. The government, which has an interest in immediately completing the deliberation of the Job Creation Bill, through the power of political domination, seeks to exercise hegemony against the civil society movement, causing violent conflict. Conflict resolution in the discussion of the Work Creation Bill is structurally carried out by using the state law approach in accordance with the prevailing laws and regulations. In accordance with the mandate of the constitution, all matters relating to regulations, a judicial review can be carried out at the Constitutional Court.

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