The Barriers to High-Growth Enterprises: What Do Businesses in Africa Experience?

Nwajiuba, Chinyere Augusta, Igwe, Paul, Binuomote, Micheal Olayinka, Nwajiuba, Anulika O. and Nwekpa, Kenneth Chukwuma (2020) The Barriers to High-Growth Enterprises: What Do Businesses in Africa Experience? European Journal of Sustainable Development . ISSN 2239-5938

Documents
The Barriers to High-Growth Enterprises: What Do Businesses in Africa Experience?
[img]
[Download]
[img] PDF
The Barriers to High-Growth Enterprises - What Do Businesses in Africa Experience - edited.pdf - Whole Document

618kB
Item Type:Article
Item Status:Live Archive

Abstract

This study examines the challenges that micro, small and medium enterprises (MSMEs) face and provide insights on African business environment and entrepreneurial ecosystem. In the context of growth-oriented entrepreneurship, good policies and favourable institutional environments supports firms’ growth, productivity and development, while adverse formal and informal institutions constrain business development and growth. Secondary data from World Bank Enterprise Survey (WBES) was used to capture barriers to entrepreneurship and high-growth opportunities which include five major challenges – lack of finance, lack of innovation and technology, low skilled workforce, poor infrastructure, taxation, regulations and more pervasively corruption. These barriers are evident in the micro, meso and macro environments. These has implications on unemployment rate, poverty rates and economic growth of African region.

Keywords:Entrepreneurial Ecosystem, Institutional Barriers, African Entrepreneurship, African Business Environments
Subjects:L Social studies > L170 Economic Systems
N Business and Administrative studies > N200 Management studies
L Social studies > L150 Political Economics
N Business and Administrative studies > N120 International Business studies
L Social studies > L160 International Economics
N Business and Administrative studies > N220 Institutional Management
Divisions:Lincoln International Business School
ID Code:38988
Deposited On:28 Nov 2019 10:46

Repository Staff Only: item control page