COVID-19 pandemic: a qualitative evaluation of MSMEs survival strategies in Nigeria

The COVID-19 pandemic has led to the introduction of protection measures, such as: Lockdown, social distancing, closure of event centers, curfew, closure of night clubs and the discouragement of the gathering of large crowd, among others. These protection measures have negatively impacted most business enterprises. This has equally threatened the corporate survival of most enterprises, especially micro, small and medium enterprises (MSMEs). This study examined the chief executives of MSMEs’ perspectives on the strategies that were employed to survive during the Covid-19 pandemic in Nigeria. This study adopted exploratory research design. The study was conducted in three purposively selected states (Lagos, Kano and Anambra states) because the three states account for the largest concentration of MSMEs across the three largest ethnic groups in Nigeria. The primary data was gathered through in-depth interviews which were conducted on 24 purposively selected MSMEs CEOs from Lagos, Kano and Anambra States. The findings revealed that MSMEs were adversely impacted by the Covid-19 pandemic. Particularly, states that enforced strict lockdown. This led to reduction in patronage, thereby threatening the corporate survival of most enterprises, especially enterprises that do not deal on essential commodities, like: Drugs, food and health care, among others.

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Exploring the Problems and Challenges of Micro, Small and Medium Enterprises in Northern Province

Business and Management Horizons ◽

10.5296/bmh.v7i1.14314 ◽

2019 ◽

Vol 7 (1) ◽

pp. 89

Author(s):

Sathana Vaikunthavasan ◽

T. Velnampy ◽

S. Rajumesh

Keyword(s):

Small And Medium Enterprises ◽

Group Discussion ◽

Sampling Technique ◽

Primary Data ◽

Northern Province ◽

Exploratory Research ◽

Network Problems ◽

Internal Problem ◽

Post War ◽

Medium Enterprises

The purpose of this study is to identify the problems and challenges of SMEs in the postwar situation of Northern Province. Researcher conducted qualitative exploratory research; explain the phenomenon of problematic situation of SMEs in Northern Province. By applying purposive sampling technique, with primary data collection method of focus group discussion and interviews were conducted with the owners of SMEs and officers related with the SMEs in the Northern Province. Finding of the study explains, first, marketing problems which includes product problems, pricing problems, promotion problem, distribution based problems, green problem and network problems, second, internal problem which includes financial problems and employee problems third, characteristics of entrepreneurs as problems, at last external problems, namely political and legal, economic and socio economic problems. The important implication is that this study indicates clearly the problems and challenges of SMEs in the post war market. It will help the owners of SMEs the means to solve these problems, and govern officers to understand the means to support the SMEs.

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EMPLOYER BRANDING OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) IN INDONESIA

Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT ◽

10.36226/jrmb.v4i1.250 ◽

2019 ◽

Vol 4 (1) ◽

pp. 165-174

Author(s):

Ambara Purusottama ◽

Teddy Trilaksono ◽

Ari Ardianto

Keyword(s):

Financial Constraints ◽

Small And Medium Enterprises ◽

Human Resources Management ◽

Qualitative Approach ◽

Human Resource Managers ◽

Employer Branding ◽

Resources Management ◽

Resource Managers ◽

Medium Enterprises ◽

Depth Interviews

This study attempts to narrow the gaps that exist in the literature about branding in the context of micro, small and medium enterprises (MSMEs). The research method used is a qualitative approach through in-depth interviews with Owners, Managing Directors, and Human Resource Managers in MSMEs. The results of this study indicate that the UMKM employer branding is still limited to intention. It can be seen from the absence of programs or activities that support employer branding programs that are felt directly by their employees. This is induced by the focus of MSME businessmen who are still on fundamental issues such as financial constraints and the absence of loyal consumers. The results of this study can be used by educators or stakeholders in Indonesian MSMEs as a reference for formulating employer branding approaches and strategies that are in line with the characteristics of MSMEs in Indonesia. Keywords: Employer branding, Human resources management, Micro, small and medium enterprises

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The Impact of Financial Literacy on Financial Preparedness for Retirement in the Small and Medium Enterprises Sector in Uganda

International Journal of Applied Behavioral Economics ◽

10.4018/ijabe.2020070102 ◽

2020 ◽

Vol 9 (3) ◽

pp. 26-41

Author(s):

Colin Agabalinda ◽

Alain Vilard Ndi Isoh

Keyword(s):

Financial Literacy ◽

Small And Medium Enterprises ◽

Group Analysis ◽

Moderating Effect ◽

Primary Data ◽

Retirement Preparedness ◽

Medium Enterprises ◽

The Impact ◽

The Relationship ◽

Effect Of Age

The study investigated the direct effects of financial literacy (knowledge, skills, and attitudes) on financial preparedness for retirement and the moderating effect of age among the small and medium enterprises in Uganda. Primary data was collected from a sample of n = 380 selected from the SME workforce. Descriptive analysis was run on SPSS, while validity and reliability of the measurement items yielded satisfactory composite reliability scores and average variance explained (AVE) scores for all items. Structural equation modelling (SEM) was used to test the hypotheses and multi-group analysis conducted to test for the moderating effect of age on the relationship between financial literacy and retirement preparedness. The results revealed that knowledge and skills were significant predictors of retirement preparedness. However, ‘attitude' was not a significant predictor, and age had no moderating effect on the relationship between the study variables. These findings present practical implications for policymakers and financial educators in a developing country context.

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What Prompts Small and Medium Enterprises to Implement CSR? A Qualitative Insight from an Emerging Economy

Sustainability ◽

10.3390/su13020952 ◽

2021 ◽

Vol 13 (2) ◽

pp. 952 ◽

Cited By ~ 3

Author(s):

Zengming Zou ◽

Yu Liu ◽

Naveed Ahmad ◽

Muhammad Safdar Sial ◽

Alina Badulescu ◽

...

Keyword(s):

Emerging Economies ◽

Developing Economies ◽

Small And Medium Enterprises ◽

Customer Behavior ◽

Policy Makers ◽

Management Commitment ◽

Top Management Commitment ◽

Medium Enterprises ◽

Corporate Social ◽

Depth Interviews

The topic of corporate social responsibility (henceforth referred to as CSR) has been a central topic during the last decade, but the majority of the existing literature discusses CSR relationship with large organizations. Whereas, its contribution in small and medium enterprises (henceforth referred to as SME) sector has received little attention. There have been some studies that focused on CSR activities in SME sector quantitatively in the context of developing economies like Pakistan, but the fact is, to date, SME sector of Pakistan is not participating actively in CSR-related activities due to some constraints. The present study is a pioneer attempt, to explore CSR barriers that restrict SME sector of Pakistan from practicing CSR initiatives. For this reason, the present study explores these barriers qualitatively in order to gain in-depth knowledge of different CSR barriers. In doing so, we conducted semi-structured in-depth interviews from 9 SMEs in Lahore city of Pakistan. We performed thematic analysis, which produced five relevant themes of CSR barriers, including: Lack of resources, lack of regulations, lack of top management commitment, lack of CSR knowledge, and passive customer behavior. Our analysis further showed that lack of resources is the most related barrier that hinder SMEs to be engaged in CSR activities. This paper contributes to CSR literature in emerging economies’ context. Through an increased awareness of barriers, policy makers and practitioners may take necessary steps to improve CSR practices in SMEs.

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Analisis Dampak Tax Morale Terhadap Kepatuhan Pajak UMKM: Studi Kasus Kota Semarang

JURNAL DINAMIKA EKONOMI PEMBANGUNAN ◽

10.14710/jdep.1.1.14-32 ◽

2018 ◽

Vol 1 (1) ◽

pp. 14

Author(s):

Muslimah Mahmudah ◽

Deden Dinar Iskandar

Keyword(s):

Small And Medium Enterprises ◽

Tax Compliance ◽

Binary Logistic Regression ◽

Primary Data ◽

Binary Logistic Regression Analysis ◽

Ethical Business ◽

Tax Morale ◽

Business Size ◽

Medium Enterprises ◽

The Impact

This study aims to analyze the impact of tax morale on Micro, Small, and Medium Enterprises (MSMEs) tax complianceSemarang City as the case study. This study uses primary data generated from 117 samples of MSMEs in Semarang. Data analysis is performed using binary logistic regression analysis. The results showed that environmental, institutional, ethical, business, and business size variables significantly influence MSMEs tax compliance. On the other hand, variables whose effect on tax compliance is not statistically significant include happiness, religiosity, gender, age, education, and marital status.

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Firm Performance: Does Mastering a Foreign Language Matter?

10.29007/dkzg ◽

2018 ◽

Author(s):

Remedios Hernández Linares ◽

María José Naranjo ◽

Héctor Sánchez Santamaría ◽

Mercedes Rico García ◽

Laura Fielden Burns ◽

...

Keyword(s):

Foreign Language ◽

Organizational Performance ◽

Small And Medium Enterprises ◽

Language Education ◽

Foreign Language Education ◽

Primary Data ◽

First Semester ◽

Improved Performance ◽

Medium Enterprises ◽

The Impact

Over the last twenty years the impact of language in international and multinational companies has attracted significant scholarly attention, which is reflected in the growing literature. However, and despite the fact that small and medium enterprises (SMEs) constitute the engine of numerous economies worldwide, the impact of foreign languages on SMEs’ performance remains understudied. This is especially intricate because, considering that SMEs often have fewer resources, the commitment of such resources to language acquisition and foreign language education can only be justified in the case of improved performance. To address this gap, the objective of our research aims to get insights whether and how the domain of a foreign language (mainly English) affects SMEs’ performance. For this purpose, we perform an exploratory empirical study based on data collected through a telephone questionnaire during the first semester of 2017. A group of private Spanish SMEs constitutes our sample. Our work presents the results of the statistical analysis of these primary data, and contributes to a more nuanced perspective on language utility for organizational performance.

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Implementasi Sistem Bagi Hasil Mudharabah pada Koperasi Serba Usaha Amanah Desa Bunobogu Kecamatan Bunobogu Kabupaten Buol

Al-Buhuts ◽

10.30603/ab.v14i01.419 ◽

2017 ◽

Vol 13 (2) ◽

pp. 109-126

Author(s):

Abdul Latif

Keyword(s):

Small And Medium Enterprises ◽

Descriptive Analysis ◽

Secondary Data ◽

Revenue Sharing ◽

Profit Sharing ◽

Primary Data ◽

Analysis Method ◽

Qualitative Descriptive ◽

Medium Enterprises ◽

Made In

This study aims to determine the system for the results of Mudharabah on Business Multipurpose Cooperative (KSU) Amanah Desa Bunobogu with Qualitative Descriptive Analysis method. This study uses primary data sources and secondary data relating to the annual revenue sharing system Mudharabah (2010-2014). The results of this study indicate that the profit sharing system is implemented by the Multipurpose Business Cooperative (KSU) Amanah Desa Bunobogu in the form of Mudharabah financing. With a guarantee statement on the process akadnya. In the event of negligence made by members who resulted in his business losing the goods made in the guarantee will be seized by the cooperative. Businesses that are established by members are mostly small and medium enterprises so often encountered bookkeeping that is not clear and just make a budget booklet at random. However, it does not become alaasan and hamper the growth of cooperatives which each year has increased the remaining results of operations. Unclear budget bookkeeping can result in member earnings manipulation, by lowering the profits earned and the effect on the revenue share installments

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THE STUDY OF SME’S PROFITABILITY AND ITS RELATION TO THE AVAILABILITY OF ELECTRICAL ENERGY IN TELUK WONDAMA REGENCY

Hasanuddin Economics and Business Review ◽

10.26487/hebr.v2i3.1460 ◽

2019 ◽

Vol 2 (3) ◽

pp. 173

Author(s):

Irawantho Irawantho ◽

Alimuddin Alimuddin ◽

Nursini Nursini

Keyword(s):

Small And Medium Enterprises ◽

Research Result ◽

Electrical Energy ◽

Regression Equation ◽

Primary Data ◽

Energy Costs ◽

Analysis Model ◽

The Government ◽

Medium Enterprises

This research aimed to investigate the effect of electrical energy costs, the business capital, and the total of the laborers on the profits of the Micro Small and Medium Enterprises in Teluk Wondama Regency.This research used the regression equation. The Objects of the study were Micro Small and Medium Enterprises who were business actors who were impacted doe to the establishment of the cooperation between the Government of Teluk Wondama Regency and PT. PLN in term of supply of the electrical energy. The data were collected using the technique of questionnaires distributed to 90 micro small and medium enterprises. The types of data used were the primary data. The analysis model used in this research was the multiple linear regression.The research result indicated that (1) The electrical costs had a positive and significant effect on the profits of SME in Teluk Wondama Regency; (2) The business capital had a positive and significant effect on the profits of SME in Teluk Wondama Regency; (3) The number of laborers had a positive and significant effect on the profits of SME in Teluk Wondama Regency. The roles of the three factors together had the effect of 46.5%, while the rest of about 53.5% was determined by other factors.

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PENGEMBANGAN MODEL PELATIHAN AKUNTANSI DALAM UPAYA MENINGKATKAN KOMPETENSI KEUANGAN PADA UMKM WIRAUSAHAWAN MUDA

BISNIS : Jurnal Bisnis dan Manajemen Islam ◽

10.21043/bisnis.v6i1.3569 ◽

2018 ◽

Vol 6 (1) ◽

pp. 20

Author(s):

Ita Rakhmawati

Keyword(s):

Business Management ◽

Financial Statements ◽

Primary Data ◽

Economic Potential ◽

Training Design ◽

Operating Income ◽

Small Medium Enterprises ◽

Medium Enterprises ◽

Depth Interviews ◽

Young Entrepreneurs

Small medium enterprises is one of the perpetrators of the economic potential in Indonesia, both in terms of number and its contribution to the national economy. This event will be based on research by the large number of potential young entrepreneurs for small medium enterprises that develop among the students of business management Course Shari'a. However, the potential of encountering problems one is difficult because of the limited structure and capability still managing their finances. The purpose of this research is to know the financial competency mapping and owned by small medium enterprises run by young entrepreneur. Further based on the database used to compile the proper accounting training design. Primary data obtained from in-depth interviews, questionnaires and observation directly. Financial competence that is owned by young entrepreneurs for small medium enterprises can be seen from the source variable capitalization, turnover, business profits and the ability of the application of accounting in the form of presentation of the financial statements. The results showed that most small medium enterprises have difficulty in the sector as well as a good amount of capitalization capital structure. small medium enterprises operational views of the turnover and operating income showed a fairly progressive conditions for businessmen beginners. While the ability of drawing up financial statements still minimal, more that just make a simple cash flow report

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Pengaruh Persepsi, Tingkat Pendidikan, dan Sosialisasi Terhadap Penerapan SAK EMKM Pada UMKM Wilayah Kota Surabaya

Jurnal Ilmiah Esai ◽

10.25181/esai.v12i2.1128 ◽

2018 ◽

Vol 12 (2) ◽

pp. 112

Author(s):

Galuh Artika Febriyanti ◽

Agung Sri Wardhani

Keyword(s):

Sampling Method ◽

Small And Medium Enterprises ◽

Financial Statements ◽

Financial Accounting ◽

Primary Data ◽

Negative Effect ◽

Convenience Sampling ◽

Medium Enterprises ◽

Cash Basis ◽

Positive Effect

The perpetrators of MSMEs generally do not use the standards applicable in the preparation of financial statements. MSME financial statements often use cash basis taken from daily cash mutation sources. The Indonesian Institute of Accountants seeks to contribute to overcome the constraints of MSMEs in the preparation of financial statements by issuing the Financial Accounting Standards of Micro Small and Medium Enterprises (SAK EMKM) and effective from 1 January 2018. SAK EMKM is simple to be implemented easily by MSMEs. The Financial Statements according to SAK EMKM are prepared on the accrual basis. The research took 50. MSMEs in Surabaya using convenience sampling method. The data used are primary data obtained through questionnaires. This study aims to finding out the hypothesis that the perception of MSMEs in Surabaya against the application of EMKM IFRS had an effect on the application of EMKM IFRSs, testing the education level hypothesis of MSMEs in Surabaya had an effect on the application of EMKM IFRSs, and tested the hypothesis of SAK EMKM dissemination in Surabaya. application of SAK EMKM. The results showed that partially the perception of MSMEs entrepreneurs has a positive effect on implementation SAK EMKM while the level of education and sozialization has a negative effect.

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