Showing papers in "ACTA VŠFS in 2019"

Entrepreneurship Support Agencies (ESA) and Development of Small and Medium Enterprises (SMEs) in Nigeria

Abstract: Small and medium scale enterprises (SMEs) are lifeblood of most economies. On the average SMEs represent over 90% of the enterprises and account for 50 to 60% of employment in most African countries. This study appraised the developmental efforts of Enterprise Supporting Agencies (ESAs) and their Contribution to Small and Medium Scale Enterprise (SMEs) Growth in Nigeria. The study adopted survey technique of which about one hundred and eighty-five (185) questionnaire were administered to selected small businesses in Lagos State, Nigeria through purposeful random sampling to get primary data that treated appropriate research questions and two hypotheses were tested accordingly. The study found that the ESAs need to advance on their primary functions of advisory and informational support and that there is a relationship between training and development of ESAs to SMEs Growth in Nigeria. The study recommends that Government should work relentlessly towards providing infrastructural support, reduction of bottlenecks of business registration and mitigate the high costs of doing business and ESAs should be properly be regulated and the role of business support should not be duplicated by other agencies to enhance efficiency.

Economic Returns from Social and Political Globalization: Does Signaling Help Developing and Transition Countries to Attract Foreign Direct Investment?

Abstract: I examine whether a developing or transition country’s political and social engagement in the international system – labeled as a country’s political and social globalization – has a positive influence on its ability to attract foreign direct investments (FDI), and hence, on the amount of FDI that it receives. My research is motivated by insights from signaling theory, which posits that actors provide information about themselves through signals in situations where the underlying quality or nature of such actors is less than perfectly discernible. A high degree of political and social globalization can potentially serve as a positive signal to foreign investors that a country is “invested” in the international system, global society, and in the larger global political economy, thereby lowering the perceived risk of investing in this country. As part of the empirical analysis, I undertake multivariate regressions using panel data on more than 100 developing and transition countries. The results show that both political and social globalization lower the perceived country risk in terms of attracting FDI. While social globalization helps attract FDI through both strategic and non-strategic signaling, the same is true for political globalization only with strategic signaling and not with non-strategic signaling. Given the importance of FDI to growth and development, the findings of this study can particularly inform policymakers in developing and transition countries.