RELATIONSHIP BETWEEN COVID-19 PANDEMIC AND THE GROWTH OF SMALL AND MEDIUM ENTERPRISES (SMES) IN ELDORET TOWN-UASIN GISHU COUNTY

  • Type: Project
  • Department: Accounting
  • Project ID: ACC4098
  • Access Fee: ₦5,000 ($14)
  • Pages: 51 Pages
  • Format: Microsoft Word
  • Views: 232
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT

This research study aimed to examine the effects of the covid-19 pandemic on the growth of small and medium enterprises (SMEs) in Eldoret town-Uasin Gishu County.  It was guided by the following research questions: How has covid-19 affected accessibility to loan financing by SMEs in Kenya? How has Covid-19 affected the supply of raw materials to the SMEs in Kenya? How has Covid-s19 affected employment in SMEs in Kenya? and How has Covid-19 affected market access by SMEs in Kenya? In conducting the study, the researcher adopted a descriptive survey design. The population in this study was mainly from the management and those involved in the day-to-day operation of the SMEs in Eldoret town. SMEs were defined based on employment size; those formally registered and had been in operation at least six months before conducting the study in the private sector. The Researcher employed a multistage sampling technique. Systematic sampling was done based on the size of SMEs; a sample of 100 SMEs was collected. From the 100 SMEs, a Simple random sampling procedure was used to arrive at a sample of 50 SMEs. The SMEs were chosen based on the size which would be determined by the employees in the business. A purposive sampling procedure was used to select the business owners or managers. The actual sample of the study added up to 50 SMEs. The researcher used both closed and open-ended questionnaires. Frequency tables, graphs, and pie charts were used for data presentation. SPSS v.21 was used to conduct ordinal regression and Spearman Ranks Correlation analysis.  The study findings showed that Covid-19 Pandemic has affected the growth of SMEs in Eldoret town since it has negatively affected the ability of SMEs to access loans, disrupted supply to the SMEs, reduced labour/employment in SMEs, and reduced market accessibility by SMEs. Further, the regression analysis revealed that all the variables were positive predictors of growth of SMEs except for access to supply. Finally, both labour and market access had a statistically insignificant positive correlation with growth of SMEs. The study also established that there is a statistically significant negative correlation between access to finance and growth of SMEs. Based on the study, the following recommendations were made; Future researchers can conduct a similar study but incorporate intervening variables like the Government and other international practices that affect the growth of SMEs.

Key Words:small and medium enterprises, pandemic, performance, growth

TABLE OF CONTENTS

DECLARATION.. 3

Declaration by Student3

DEDICATION.. 4

ABSTRACT.. 5

ACKNOWLEDGEMENT.. 6

ACRONYMS. 7

OPERATIONAL DEFINITION OF TERMS. 8

LIST OF TABLES. 12

LIST OF FIGURES. 13

CHAPTER ONE.. 14

INTRODUCTION TO THE STUDY.. 14

1.0 Introduction. 14

1.1 Background to the problem.. 14

1.2 Statement of the problem.. 20

1.3 Research Questions. 21

1.4 Significance of the Study. 21

1.5 Scope and Delimitations of the Study. 22

1.6 Theoretical Framework. 23

1.6.1 Structural Inertia Theory. 23

1.7 Conceptual Framework. 24

Figure 1.1: Conceptual Framework. 24

CHAPTER TWO.. 25

LITERATURE REVIEW... 25

2.1 Review of Theories. 25

2.1.1 Real Options Theory. 25

2.1.2 Structural Inertia Theory. 27

2.1.3 Resource Dependence Theory (RDT)29

2.2 Criticism of the Theories. 31

2.2.1 Real Options Theory. 31

2.2.2. Structural Inertia Theory. 31

2.2.3 Resource Dependence Theory (RDT)31

2.3 Critical Review of Empirical Studies. 32

2.3.1 Access to Loan Financing and Growth of SMEs. 32

2.3.2 Supply and Growth of SMEs. 36

2.3.3 Labour/Employment and Growth of SMEs. 38

2.3.4 Market Access and Growth of SMEs. 39

2.3.5 Knowledge Gap. 42

CHAPTER THREE.. 43

RESEARCH METHODOLOGY.. 43

3.1 Introduction. 43

3.2 Research Design. 43

3.3 Target Population. 43

3.4 Description of Sampling and Sampling Procedures. 44

3.5 Validity and Reliability of Data Collection Instruments. 44

3.5.1 Questionnaire. 45

3.6 Description of Data Collection Procedures. 45

3.7 Description of Data Analysis Procedures. 45

3.7.1 Analytical Model46

3.8 Ethical Consideration. 46

CHAPTER FOUR.. 48

4.0 PRESENTATION, DISCUSSION AND INTERPRETATION OF FINDINGS. 48

4.1 presentation of findings. 48

4.1.1 Response Rate. 48

Figure 4.1: Response Rate. 49

4.1.2 Demographic Characteristic of the Respondents. 49

4.1.2.1 Gender of the Respondents. 49

Figure 4.2: Gender composition of the Respondents. 50

4.1.2.2 Distribution of respondents by Years of experience. 50

Table 4.1: Respondents’ years of experience. 51

4.1.2.3 Distribution of Respondents by Highest Education Level51

Figure 4.3: Distribution of Respondents by Education Level.52

4.1.3 Presentation of the Findings, Interpretation of the Findings According to Research Questions  52

4.1.3.1 Impact of access to Loan Financing on the Growth of Small and Medium Enterprises  52

Table 4.2: Impact of Access to loan Finance on Growth of SMEs. 53

4.1.3.2 Impact of Supply on the Growth of SMEs. 53

Table 4.3: Impact of Supply on the Growth of SMEs. 54

4.1.3.3 Labour and Growth of SMEs. 55

Table 4.4: Impact of Labour on the Growth of SMEs. 55

4.1.3.4 Market Access and Growth of SMEs. 56

Table 4.5: Impact of Market Access and Growth of SMEs. 56

4.1.4 Relationship between Covid-19 Pandemic and Growth of SMEs in Eldoret-Uasin Gishu  57

Table 4.6: Relationship between Covid-19 pandemic and Growth of SMEs. 57

4.2 Ordinal Regression. 57

4.2.1 Nagelkerke. 57

4.2.2 Test of Parallel Lines. 58

4.2.3 Parameter Estimates. 59

Table 4.7 Ordinal Regression. 59

4.3 Spearman Rank Correlation. 60

Table 4.8 Non-Parametric Test60

CHAPTER FIVE.. 62

SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS. 62

5.1 summary of the Study. 62

5.2 Conclusion. 64

5.3 Recommendations for the Study. 65

REFERENCES. 68

APPENDICES. 75

APPENDIX I: RESEARCH QUESTIONNAIRE.. 75

APPENDIX II: INTRODUCTORY LETTER.. 79

 


RELATIONSHIP BETWEEN COVID-19 PANDEMIC AND THE GROWTH OF SMALL AND MEDIUM ENTERPRISES (SMES) IN ELDORET TOWN-UASIN GISHU COUNTY
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC4098
  • Access Fee: ₦5,000 ($14)
  • Pages: 51 Pages
  • Format: Microsoft Word
  • Views: 232
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC4098
    Fee ₦5,000 ($14)
    No of Pages 51 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This research study aimed to examine the effects of the covid-19 pandemic on the growth of small and medium enterprises (SMEs) in Eldoret town-Uasin Gishu County.  It was guided by the following research questions: How has covid-19 affected accessibility to loan financing by SMEs in Kenya? How has Covid-19 affected the supply of raw... Continue Reading
    ABSTRACT In the advent of competitive and globalized business environment, financial institutions have been triggered to come up with unique strategies that enable them to achieve competitive advantage. Several studies have been carried out on customer service and its impact on bank performance, but few have exploited on the customer service... Continue Reading
    ABSTRACT The study assessed the role of Micro Finance Institutions (MFis) n the growth and development of Small-Scale Enterprises (SSEs) in Eldoret Town. It sought to exp10re the contributions that micro-finance institutions have made to assist in the growth of small-scale enterprises and the barriers to effective micro financing. The study also... Continue Reading
    ABSTRACT This study was about the impact of advertising on drug abuse among the youth in Kapseret Division in Uasingishu District. The study was based on three objectives, that is, to find out the different types of instructional materials in Primary schools in Kapseret Division in Uasingishu District, to establish the relationship between... Continue Reading
    ABSTRACT The importance of Small and Medium Scale Enterprises (SMEs) in Lagos state in recent years cannot be underrated especially with regard to creation of employment, innovation, uplifting the people‟s standard of living and financial contribution to the growth of the countries‟ Gross Domestic Product. This sector's growth is hindered by... Continue Reading
    ABSTRACT The purpose of the study was to examine the nature of small scale businesses that provide employment to the labour force in Narnayingo Sub-County, Narnayingo District. The objectives of the study were the to identify the different activities of the Small and Medium Sized Enterprises (SME5) in which the labor force is employed. The second... Continue Reading
    ABSTRACT ~he study looked at the relationship between productivity and profitability of small and medium :nterprises taking into consideration Case Medical Clinic as a case study. The study was guided ,y the following objectives:- To identify how quality of products influences profitability on SMEs. To identify how quantity of products influences... Continue Reading
    ABSTRACT The major purpose of this study was to determine the extent of utilization of marketing mix as a strategy by small and medium enterprises (SMEs) for business growth in Enugu State. Four research questions were answered and four null hypotheses were tested at 0.05 level of significance. The population for the study consisted of 448... Continue Reading
    Microfinance institutions in Kenya continue to put in a lot of effort to take microfinance services closer to the people and to MSMEs who do not have opportunities to access formal financial systems. Despite all these efforts, MSMEs have stagnated in terms of growth. It is in this respect this research investigated the contribution of microfinance... Continue Reading
    ABSTRACT In Kenya, Small and Medium Enterprises (SMEs) have continued to face a mountain of challenges and struggle to achieve significant growth despite their importance to the Kenyan Economy. Imprudent working capital decisions have been highlighted in literature as some of the principal causes of their stagnation and decline in growth.... Continue Reading
    Call Us
    whatsappWhatsApp Us