382
Views
0
CrossRef citations to date
0
Altmetric
Academic Papers

Barriers to business enterprises growth in Ghana

ORCID Icon &
Pages 139-153 | Received 21 Jan 2020, Accepted 30 Nov 2021, Published online: 16 Feb 2022

References

  • Abor, J., & Quartery, P. (2010). Issues in SME development in Ghana and South Africa. International Research Journal of Finance and Economics, 39(6), 218–228.
  • Aidis, R., & Estrin, S. (2006). Institutions, networks and entrepreneurship development in Russia: An exploration. Discussion Paper Series, No. 2161. IZA.
  • Aidis, R., & Sauka, A. (2005). Assessing moving targets: Analyzing the impact of transition stages on entrepreneurship development. Ekonomika, 69, 1–23. https://doi.org/10.15388/Ekon.2005.17406
  • Aterido, R., Hallward-Driemeier, M., & Pagés, C. (2011). Big constraints to small firms’ growth? Business environment and employment growth across firms. Economic Development and Cultural Change, 59(3), 609–647. https://doi.org/10.1086/658349
  • Barth, H. (2004). Barriers to growth and development in small firms [Doctoral dissertation] Luleå Tekniska Universitet. Retrieved from https://onlinelibrary.wiley.com/doi/abs/10.1002/0470091355.ecm010.
  • Bartlett, W., & Bukvič, V. (2001). Barriers to SME growth in Slovenia. MOST: Economic Policy in Transitional Economies, 11(2), 177–195. https://doi.org/10.1023/A:1012206414785
  • Beck, T., Demirgüç-Kunt, A. S. L. I., & Maksimovic, V. (2005). Financial and legal constraints to growth: Does firm size matter? Journal of Finance, 60(1), 137–177. https://doi.org/10.1111/j.1540-6261.2005.00727.x
  • Boateng, A. (2015). The role of microfinance institutions (MFI’s) in providing credit facility to small and medium scale enterprises (SMEs) (a case study). International Journal of ICT and Management, 2(2), 12–34. https://doi.org/10.1177/0266666913512145
  • Brown, J. D. (2001). Six types of pragmatics tests in two different contexts. Cambridge University.
  • Carter, S., & Jones Evans, D. (2012). Enterprise and small business: Principles, practice and policy (3rd ed.). Financial Times.
  • Carter, S., Mason, C., & Tagg, S. (2004). Lifting the barriers to growth in UK small businesses. The FSB Biennial Membership Survey, 102.
  • Ciampi, F., & Gordini, N. (2008, June 22–24). Using economic- financial ratios for small enterprise default prediction modeling: An empirical analysis. 2008 Oxford Business & Economics Conference Proceedings, Vol. 1, pp. 1–21. Oxford, UK.
  • Clement, K., Wang, K., & Ang, B. (2004). Determinants of venture performance in Singapore. Journal of Small Business Management, 42(4), 347–363. https://doi.org/10.1111/j.1540-627X.2004.00116.x
  • Creswell, J. W. (2014). Research design: Qualitative, quantitative and mixed methods approaches (6th ed.). Sage Publications.
  • Department of Trade and Industry. (2012). South Africa’s economic transformation: A strategy for broad-based black economic empowerment. Retrieved April 5, 2021, from https://www.dti.gov.za/economic_empowerment/bee-strategy.pdf.
  • Dodge, H., & Robbins, J. E. (1992). An empirical investigation of the organization life cycle model for small business development and survival. Journal of Small Business Management, 30(1), 27–37. https://doi.org/10.1142/S0218495897000247
  • Doern, R. (2009). Investigating barriers to SME growth and development in transition environments: A critique and suggestions for developing the methodology. International Small Business Journal, 27(3), 275–305. https://doi.org/10.1177/0266242609102275
  • Ede, O. C. (2021). Obstacles to firm performance in Nigeria: Does size matter? Journal of Small Business & Entrepreneurship, 33(1), 49–70. https://doi.org/10.1080/08276331.2018.1476829
  • Estrin, S., Meyer, K., & Bytchkova, M. (2005). Entrepreneurship in transition economies. In M. Casson, B. Yeung, A. Basu, & N. Wadeson (Eds.), The handbook of entrepreneurship (pp. 693–725). Oxford University Press.
  • European Commission. (2018). Interactive SME database 2016.
  • Farinas, J. C., & Moreno, L. (2000). Firms’ growth, size and age: A nonparametric approach. Review of Industrial Organization, 17(3), 249–265. https://doi.org/10.1023/A:1007834210622
  • Fowler, F. J. (2008). Survey research methods (4th ed.). Sage Publications.
  • Hay, M., & Kamshad, K. (1994). Small firm growth: Intentions, implementation and impediments. Business Strategy Review, 5(3), 49–68. https://doi.org/10.1111/j.1467-8616.1994.tb00166.x
  • Herrington, M., & Kelley, D. (2012). African entrepreneurship: Sub-Saharan African regional report. Global Entrepreneurship Monitor, 8(1), 1–74. https://doi.org/10.1108/JEEE-03-2015-0020
  • Iakovleva, T. (2005). Entrepreneurial orientation of Russian SMEs. In G. T. Vinig & R. C. W. Van Der Voort (Eds.), The Emergence of Entrepreneurial Economics (Research on Technological Innovation, Management and Policy, Vol. 9) (pp. 83–97). Bingley: Emeral Group Publishing.
  • Igwe, P. (2016). Entrepreneurial ecosystems and the role of government in promoting entrepreneurship. In J. Eyisi & A. Icha-Ituma (Eds.), Building entpreneurial universities in a developing economy: Issues, challenges and prospects (pp. 30–55). Lincoln.
  • Inkoun, L. (2003). Portrait of the entrepreneur characteristics. Discussion Paper Series, University of Ghana.
  • Janssen, F. (2002). The impact of environment on employment growth of SMEs. Working Paper No. 117–04, IAG School of Management.
  • Koush (2008). Why do small business fail? Some evidence from Korea. Korean Journal of Economics, 79, 16–24.
  • Krasniqi, B. A. (2007). Barriers to entrepreneurship and SME growth in transition: The case of Kosova. Journal of Developmental Entrepreneurship, 12(01), 71–94. https://doi.org/10.1142/S1084946707000563
  • Leech, N. L., Barrett, K. C., & Morgan, G. A. (2005). SPSS for intermediate statistics, Use and interpretation (2nd Ed). Lawrence Erlbaum Associates Inc.
  • Moktan, S. (2007). Development of small and medium enterprises in Bhutan: Analysing constraints to growth. South Asian Survey, 14(2), 251–282. https://doi.org/10.1177/097152310701400205
  • Muller, P., Caliandro, C., Peycheva, V., Gagliardi, D., Marzocchi, C., Ramlogan, R., & Cox, D. (2015). Annual report on European SMEs. European Commission, 5(1), 36–48. https://doi.org/10.1007/s00787-014-0611-2
  • Muriithi, S. M. (2017). African small and medium enterprises (SMEs) contributions, challenges and solutions. European Journal of Research and Reflection in Management Sciences, 5(1), 36–48. http://repository.daystar.ac.ke/xmlui/handle/123456789/3613
  • Mwarari, M. M., & Ngugi, P. K. (2013). Factors influencing listing of Kenyan SMEs in the securities market for capital raising opportunities. European Journal of Management Sciences and Economics, 1(2), 99–115.
  • Olawale, F., & Garwe, D. (2010). Obstacles to the growth of new SMEs in South Africa: A principal component analysis approach. African Journal of Business Management, 4(5), 729–738. https://doi.org/10.5897/AJBM.9000434
  • Organization for Economic Cooperation for Development (OECD). (2017, June 7–8). Enhancing the contributions of SMEs in a global and digitalized economy. Meeting of the OECD Council at Ministerial Level, Paris. https://www.oecd.org/industry/C-MIN-2017-8-EN.pdf.
  • Orser, B. J., Hogarth-Scott, S., & Riding, A. L. (2000). Performance, firm size, and management problem solving. Journal of Small Business Management, 38(4), 42–58.
  • Pack, H. (1993). Productivity and industrial development in Sub-Saharan Africa. World Development, 21(1), 1–16. https://doi.org/10.1016/0305-750X(93)90133-T
  • Perry, C., & Pendleton, W. (1983). Successful small business management. Pitman Publishing.
  • Pissarides, C., Garibaldi, P., Olivetti, C., Petrongolo, B., & Wasmer, E. (2005). Women in the labour force: How well is Europe doing? In T. Boeri, D. Del Boca, & C. Pissarides (Eds.), Women at work: An economic perspective (pp. 9–120). Oxford, UK: Oxford University Press.
  • Price Waterhouse Coopers. (2013). The banking survey: Harnessing the SME potential. Accra.
  • Ramis, G. (2002). The impact of management training on SME performance in Peru. International Economic Review, 15(9), 136–141.
  • Smallbone, D., & Welter, F. (2001). The role of government in SME development in transition economies. International Small Business Journal, 19(4), 63–76. https://doi.org/10.1177/0266242601194004
  • Staw, B. M. (1991). Ppsychological dimensions of organisational behaviour. Macmillan.
  • Storey, D. J. (1994). Understanding the small business sector. University of Illinois at Urbana-Champaign’s Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship. SSRN: https://ssrn.com/abstract=1496214
  • Tsokar, K. (2011). SMEDAN to re-position sub-sector for economic development. The Guardian, October 6, 2011, p.24.
  • Ur Rehman, N., Çela, A., Morina, F., & Sulçaj Gura, K. (2019). Barriers to growth of SMEs in Western Balkan countries. Journal of Management Development, 38(1), 2–24. https://doi.org/10.1108/JMD-09-2018-0273
  • Wang, Y. (2016). What are the biggest obstacles to growth of SMEs in developing countries? An Empirical Evidence from an Enterprise Survey. Borsa Istanbul Review, 16(3), 167–176. http://doi.org/10.1561/2000000071
  • World Bank. (2009). Enterprise survey and indicators surveys – Sampling methodology. Retrieved October 25, 2021, from https://www.enterprisesurveys.org/content/dam/enterprisesurveys/documents/methodology/Sampling_Note.pdf.
  • World Bank. (2018). Small and medium enterprises (SMEs) finance. Improving SMEs’ Access to Finance and Finding Innovative Solutions to Unlock Sources of Capital. Retrieved April 3, 2021, from https://www.worldbank.org/en/topic/smefinance
  • World Bank. (2020). Addressing youth unemployment in Ghana needs urgent action, calls new world bank report, Retrieved April 3, 2020, from https://www.worldbank.org/en/news/press-release/2020/09/29/addressingyouth-unemployment-in-ghana-needs-urgent-action
  • Yasuda, T. (2005). Firm growth, size, age and behavior in Japanese manufacturing. Small Business Economics, 24(1), 1–15. https://doi.org/10.1007/s11187-005-7568-y

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.