The study was on work empowerment: a comparative examination of Chief Librarians and staff in university libraries.The design for the study was descriptive survey.One hundred and fifty one (151) librarians and 5 Chief Librarians in five federal university libraries in South-East, Nigeria formed the population for the study.The study used the entire population and questionnaire was used for data collection.However, after questionnaire administration and retrieval, 142 copies of the staff questionnaire were found usable.All the 5 Chief Librarians were also used in the study.Data were analyzed with frequency count, mean and chi-square statistics.The study revealed that the librarians (staff) were work empowered in their various libraries, while the Chief Librarians were pro work empowerment.The mean scores of staff and University Librarians scores agreed on work empowerment, though there was a significant difference in mean scores between the two groups.Library Management must make sure that staff have the correct combination of information, comprehension, and authority to work with passion and independently.
{"title":"Work Empowerment in Federal University Libraries in South East, Nigeria.","authors":"Joseph Joseph","doi":"10.61955/tiyezo","DOIUrl":"https://doi.org/10.61955/tiyezo","url":null,"abstract":"The study was on work empowerment: a comparative examination of Chief Librarians and staff in university libraries.The design for the study was descriptive survey.One hundred and fifty one (151) librarians and 5 Chief Librarians in five federal university libraries in South-East, Nigeria formed the population for the study.The study used the entire population and questionnaire was used for data collection.However, after questionnaire administration and retrieval, 142 copies of the staff questionnaire were found usable.All the 5 Chief Librarians were also used in the study.Data were analyzed with frequency count, mean and chi-square statistics.The study revealed that the librarians (staff) were work empowered in their various libraries, while the Chief Librarians were pro work empowerment.The mean scores of staff and University Librarians scores agreed on work empowerment, though there was a significant difference in mean scores between the two groups.Library Management must make sure that staff have the correct combination of information, comprehension, and authority to work with passion and independently.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://boldscholar.com/images/Journal/Articles/Work_empowerment_in_federal_university_libraries_in_Nigeria.(p136-146).pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147884375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Information and Communication Technology Literacy Competency for Knowledge Sharing among Academics in Selected Universities in Northern States of Nigeria","authors":"Abdurrahman Abdurrahman","doi":"10.61955/bekkld","DOIUrl":"https://doi.org/10.61955/bekkld","url":null,"abstract":"","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://boldscholar.com/images/Journal/Articles/INFORM~1.PDF","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147902614","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.14706/jecossbuljubasic_halilbegovic
Elvisa Buljubasic, Sanel Halilbegovic
The constant developments in the area of accounting information systems unlock a wide area for contributing to the existing theory in the field of accounting information systems. Particularly in the case of the Federation of Bosnia and Herzegovina, where the benefits that the use of AIS brings with it, are not yet well recognized. The purpose of this research is to analyze the overall situation in the FBiH regarding the use of AIS in companies and its impact on strategic decisionmaking. Data is collected through surveys that were distributed to the companies in FBIH. Multinomial logistic regression was used to analyze the data. Research findings indicate that the industry sector and satisfaction with AIS are found to be statistically significant predictors of the probability of decision-making based on AIS and that accounting information is indispensable in the process of strategic decision-making, especially when it comes to the company's growth, investments, and borrowing.
{"title":"THE USE AND EFFECTIVENESS OF ACCOUNTING INFORMATION SYSTEMS IN TRANSITION ECONOMIES","authors":"Elvisa Buljubasic, Sanel Halilbegovic","doi":"10.14706/jecossbuljubasic_halilbegovic","DOIUrl":"https://doi.org/10.14706/jecossbuljubasic_halilbegovic","url":null,"abstract":"The constant developments in the area of accounting information systems unlock a wide area for contributing to the existing theory in the field of accounting information systems. Particularly in the case of the Federation of Bosnia and Herzegovina, where the benefits that the use of AIS brings with it, are not yet well recognized. The purpose of this research is to analyze the overall situation in the FBiH regarding the use of AIS in companies and its impact on strategic decisionmaking. Data is collected through surveys that were distributed to the companies in FBIH. Multinomial logistic regression was used to analyze the data. Research findings indicate that the industry sector and satisfaction with AIS are found to be statistically significant predictors of the probability of decision-making based on AIS and that accounting information is indispensable in the process of strategic decision-making, especially when it comes to the company's growth, investments, and borrowing.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135609852","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Economic supply shocks and fiscal expansion coupled with monetary expansion are suspected causes of the rise in inflation that we observe in most of the developed and developing economies today. In this paper we look at the effect of the government budget deficit(surplus) or fiscal policy stance, and quantitative easing on inflation while controlling for economic shocks using the method of cointegration as we find data series in our model to be integrated of order one and having support of one cointegrating equation between the variables. Our analysis is performed using Federal Reserve monthly data from 1994 to 2022 using Two-Step Engle-Granger (1987) method and Fully Modified OLS by Phillips and Hansen (1990). We compare these models to Auto Regressive Distributed Lag model of Pesaran and Shin (1998) which allows for analysis irrespective of the order of integration to provide for more robustness regarding the estimated relationships in cases of misspecification of stationary properties in our time series. Both cointegrating models lend support to the initial postulated relationship where expansionary fiscal policy has significant positive impact on the price level during the long run but also enhances the effect of the Quantitative Easing on the price level as the interaction term between these variables is significant, indicating that during the periods of expansionary fiscal policy, expansionary monetary policy through Quantitative easing has bigger effect. Our analysis is performed controlling for effect of economic shocks and price of real exchange rate on the price level. Stability of the cointegration model tests reveal presence of structural breaks which when included in the cointegrating equation change the importance of the impact that fiscal stance has on inflation and reveal that inflation is mainly result of the expansion in central bank assets after 2008, which coincides with period of unconventional monetary policy
{"title":"Effect of fiscal expansion on inflation during the period of unconventional monetary policy","authors":"Adisa Omerbegovic Arapovic, Irfan Djedovic, Inda Mulaahmetović","doi":"10.14706/jecossarapovic_djedovic_mulaahmetovic","DOIUrl":"https://doi.org/10.14706/jecossarapovic_djedovic_mulaahmetovic","url":null,"abstract":"Economic supply shocks and fiscal expansion coupled with monetary expansion are suspected causes of the rise in inflation that we observe in most of the developed and developing economies today. In this paper we look at the effect of the government budget deficit(surplus) or fiscal policy stance, and quantitative easing on inflation while controlling for economic shocks using the method of cointegration as we find data series in our model to be integrated of order one and having support of one cointegrating equation between the variables. Our analysis is performed using Federal Reserve monthly data from 1994 to 2022 using Two-Step Engle-Granger (1987) method and Fully Modified OLS by Phillips and Hansen (1990). We compare these models to Auto Regressive Distributed Lag model of Pesaran and Shin (1998) which allows for analysis irrespective of the order of integration to provide for more robustness regarding the estimated relationships in cases of misspecification of stationary properties in our time series. Both cointegrating models lend support to the initial postulated relationship where expansionary fiscal policy has significant positive impact on the price level during the long run but also enhances the effect of the Quantitative Easing on the price level as the interaction term between these variables is significant, indicating that during the periods of expansionary fiscal policy, expansionary monetary policy through Quantitative easing has bigger effect. Our analysis is performed controlling for effect of economic shocks and price of real exchange rate on the price level. Stability of the cointegration model tests reveal presence of structural breaks which when included in the cointegrating equation change the importance of the impact that fiscal stance has on inflation and reveal that inflation is mainly result of the expansion in central bank assets after 2008, which coincides with period of unconventional monetary policy","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135609853","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-31DOI: 10.53982/njpdha.2022.0103-n
Adeola ADAMS
This paper focuses primarily on conflict management process by appraising negotiation, mediation and arbitration as practiced by the industrial sector or trade unions in Nigeria today. First, the paper appraised the practice of collective bargaining process in Nigeria and argues that there is undue focus on the use of arbitration for settling industrial disputes, despite its obvious shortcomings. Second, the paper identifies some important values of collective bargaining shared with mediation. These core values include voluntariness, neutrality/impartiality, confidentiality, empowerment, mutual respect, democracy and interdependence. Thus, it is advocated that mediation, a more flexible process should be properly integrated and mainstreamed as a preferred tool of collective bargaining processes in trade disputes. The paper further suggests the adoption of hybrid processes such as MedArb or Arb-Med as the situation may dictate in the collective search for stability, peace and harmony in the workplace and the society at large. The data collected for this paper were derived mainly from secondary sources. Hence, the paper relied more on books, journals, monographs, conference/seminars papers and official documents of the Federal Government on National Employment Policy. Internet sources and other materials that are relevant to the theme of the paper were equally utilised. The collected data were subsequently reviewed thoroughly and content analysed.
{"title":"Rethinking Alternative Dispute Resolution Mechanisms in the Collective Bargaining Process in Nigeria","authors":"Adeola ADAMS","doi":"10.53982/njpdha.2022.0103-n","DOIUrl":"https://doi.org/10.53982/njpdha.2022.0103-n","url":null,"abstract":"This paper focuses primarily on conflict management process by appraising negotiation, mediation and arbitration as practiced by the industrial sector or trade unions in Nigeria today. First, the paper appraised the practice of collective bargaining process in Nigeria and argues that there is undue focus on the use of arbitration for settling industrial disputes, despite its obvious shortcomings. Second, the paper identifies some important values of collective bargaining shared with mediation. These core values include voluntariness, neutrality/impartiality, confidentiality, empowerment, mutual respect, democracy and interdependence. Thus, it is advocated that mediation, a more flexible process should be properly integrated and mainstreamed as a preferred tool of collective bargaining processes in trade disputes. The paper further suggests the adoption of hybrid processes such as MedArb or Arb-Med as the situation may dictate in the collective search for stability, peace and harmony in the workplace and the society at large. The data collected for this paper were derived mainly from secondary sources. Hence, the paper relied more on books, journals, monographs, conference/seminars papers and official documents of the Federal Government on National Employment Policy. Internet sources and other materials that are relevant to the theme of the paper were equally utilised. The collected data were subsequently reviewed thoroughly and content analysed.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"2 1","pages":"43-60"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://journals.abuad.edu.ng/index.php/njpdha/article/download/1249/696","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147902641","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
: The pertinacious problem of poverty in the world questions whether the existing mechanisms are effective in the poverty reduction process. Exploring this field has intensified since 1989, and this research provides an overview of the theoretical and empirical research that addresses economic development and poverty. Bibliometric analysis is performed, which includes names of the most common authors, journals, and countries of publications, as well as the frequency of words and expressions in the existing literature. Bibliometric units are researched from the Scopus database using keywords "economic development", "economic growth" and "poverty". The main contribution of this analysis is the review of existing literature addressing the key issues and identifying theoretical and empirical research in the field of economic development and poverty. This is the first study of its kind where scientific attention is being paid to economic growth, economic development, and poverty by the most influential journals and most prominent authors in economics.
{"title":"Economic Growth, Economic Development, and Poverty: A Bibliometric Analysis","authors":"Amra Babajić, Mirza Suljic, Sanel Halilbegović","doi":"10.14706/jecoss21814","DOIUrl":"https://doi.org/10.14706/jecoss21814","url":null,"abstract":": The pertinacious problem of poverty in the world questions whether the existing mechanisms are effective in the poverty reduction process. Exploring this field has intensified since 1989, and this research provides an overview of the theoretical and empirical research that addresses economic development and poverty. Bibliometric analysis is performed, which includes names of the most common authors, journals, and countries of publications, as well as the frequency of words and expressions in the existing literature. Bibliometric units are researched from the Scopus database using keywords \"economic development\", \"economic growth\" and \"poverty\". The main contribution of this analysis is the review of existing literature addressing the key issues and identifying theoretical and empirical research in the field of economic development and poverty. This is the first study of its kind where scientific attention is being paid to economic growth, economic development, and poverty by the most influential journals and most prominent authors in economics.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"62 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87379513","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Most developing and developed countries, today are faced with a lot of economic, social, and political challenges as a result of internal or external factors such as the World Financial Crisis and Covid19. In these circumstances, the crucial objective of any government is to improve the national economic performance by increasing domestics and foreign investments. Investments efficiency is the main pillar in the increase of the economic growth of any economy. This paper aims to measure the efficiency of the investments towards economic growth in the Republic of Croatia and Slovenia by applying a comparative analysis. The specific objective of our paper is to determine the best ICOR level, the correlation between ICOR and GDP, and the impact on the economic growth of both countries. The research methodology will include the analysis of the efficiency of the investment measured by the indicators Incremental Capital-Output Ratio (ICOR) based on the World Bank approach. The period of observation includes the period from the year 1995 to 2020. The investment efficiency (ICOR) in both countries is expected to move between 1 and 6. The findings of this research are that each one-point decrease of the ICOR level of Croatia increases the economic growth by 1.961 percent, while the ICOR level of Slovenia increases less the Economic growth by 0.259 percent.
{"title":"The Investments Efficiency Toward Economic Growth: ICOR of the Republic of Croatia and Slovenia - Comparative Analysis","authors":"Jeton Mazllami","doi":"10.14706/jecoss21815","DOIUrl":"https://doi.org/10.14706/jecoss21815","url":null,"abstract":"Most developing and developed countries, today are faced with a lot of economic, social, and political challenges as a result of internal or external factors such as the World Financial Crisis and Covid19. In these circumstances, the crucial objective of any government is to improve the national economic performance by increasing domestics and foreign investments. Investments efficiency is the main pillar in the increase of the economic growth of any economy. This paper aims to measure the efficiency of the investments towards economic growth in the Republic of Croatia and Slovenia by applying a comparative analysis. The specific objective of our paper is to determine the best ICOR level, the correlation between ICOR and GDP, and the impact on the economic growth of both countries. The research methodology will include the analysis of the efficiency of the investment measured by the indicators Incremental Capital-Output Ratio (ICOR) based on the World Bank approach. The period of observation includes the period from the year 1995 to 2020. The investment efficiency (ICOR) in both countries is expected to move between 1 and 6. The findings of this research are that each one-point decrease of the ICOR level of Croatia increases the economic growth by 1.961 percent, while the ICOR level of Slovenia increases less the Economic growth by 0.259 percent.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"52 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76206024","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In Asian and global power politics a maritime strategic angle concentrates on the value of fortifying and controlling sea lines of communications (SLOCs) for stability, economic growth, and development of nations. Consequently, both India and China are snooping to control SLOCs and safeguard their emergent and escalating worldwide interests. The advancement in and expansion of naval power satisfies the corresponding nationalist aspirations of Beijing and New Delhi. As a result, the development of their maritime capabilities would have a greater impact on the naval security architecture in the Indian Ocean. The hike in Chinese engagements across the Indian Ocean widely known as the String of Pearl’s stratagem is principally stimulated by a policy of maritime encirclement of India. Struggle to secure tactical energy resources which are quickly revolutionizing their navies could induce clashes and have major repercussions for global security affairs. Harmonious handling of both China’s and India’s cooperation will be crucial for regional as well as international peace and opulence shortly and everyone looks upon a fabulous Asia reflected in the world. Thus, this paper analyses the underlying factors that motivate both countries to have ambitious objectives in the Indian Ocean and could find out that securing energy is one of the driving forces in securing maritime dominance across the Indian Ocean.
{"title":"India and China in the Indian Ocean: Changing Dimensions of Maritime Strategy","authors":"A. Kurian, C. Vinodan","doi":"10.14706/jecoss21813","DOIUrl":"https://doi.org/10.14706/jecoss21813","url":null,"abstract":"In Asian and global power politics a maritime strategic angle concentrates on the value of fortifying and controlling sea lines of communications (SLOCs) for stability, economic growth, and development of nations. Consequently, both India and China are snooping to control SLOCs and safeguard their emergent and escalating worldwide interests. The advancement in and expansion of naval power satisfies the corresponding nationalist aspirations of Beijing and New Delhi. As a result, the development of their maritime capabilities would have a greater impact on the naval security architecture in the Indian Ocean. The hike in Chinese engagements across the Indian Ocean widely known as the String of Pearl’s stratagem is principally stimulated by a policy of maritime encirclement of India. Struggle to secure tactical energy resources which are quickly revolutionizing their navies could induce clashes and have major repercussions for global security affairs. Harmonious handling of both China’s and India’s cooperation will be crucial for regional as well as international peace and opulence shortly and everyone looks upon a fabulous Asia reflected in the world. Thus, this paper analyses the underlying factors that motivate both countries to have ambitious objectives in the Indian Ocean and could find out that securing energy is one of the driving forces in securing maritime dominance across the Indian Ocean.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"31 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85264748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract: This paper situates the 2008 Global Financial Crisis into the wider historical context to argue that the roots of the crisis can be traced back to the dominant economic ideology in the West during the 1970s. It shows that the corresponding financial policies, implemented by the powerful western economies during the four decades that preceded the crisis, created an institutional framework that fostered financial irresponsibility and made the crisis all but inevitable. The paper also explores the ideas that led to the stabilization of the global market as well as the role of China in charting the way ahead. Ultimately, the discussion highlights the inherent tendency of neoliberal economic ideology to create market instabilities whose consequences for the global economy can be devastating.
{"title":"Causes and Consequences of the World Financial Crisis 2008: A Historical Perspective","authors":"Adis Maksić, Selma Delalić, Adem Olovčić","doi":"10.14706/jecoss21812","DOIUrl":"https://doi.org/10.14706/jecoss21812","url":null,"abstract":"Abstract: This paper situates the 2008 Global Financial Crisis into the wider historical context to argue that the roots of the crisis can be traced back to the dominant economic ideology in the West during the 1970s. It shows that the corresponding financial policies, implemented by the powerful western economies during the four decades that preceded the crisis, created an institutional framework that fostered financial irresponsibility and made the crisis all but inevitable. The paper also explores the ideas that led to the stabilization of the global market as well as the role of China in charting the way ahead. Ultimately, the discussion highlights the inherent tendency of neoliberal economic ideology to create market instabilities whose consequences for the global economy can be devastating.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"224 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73155274","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ab stract: Small and medium sized enterprises (SMEs) play a crucial role in the economic development of emerging countries. The lack of access to finances is one of the important growth constraints the SMEs face. This study investigates the firm and country specific determinants of the financial constraint levels of SMEs in selected emerging Western Balkan economies. The main determinants of the financing obstacles examined in the sampled countries were: firm size, ownership type, and age, accounting information transparency, the depth of credit information indexes, the banking sector concentration, property registration costs; and per capita GDP. The findings confirm that firm size is a significant determinant of the financial constraint levels of SMEs in the selected economies. Moreover, we found that older firms are financially more constrained in the region. The possible economic implications of the positive association between firm age and financial constraint are discussed. Banking sector concentration level plays crucial role in the external financing of SMEs in developing countries. By closely examining the firm characteristics and country-level factors that determine the degree of the financing obstacles faced by SMEs, we observed that in developing economies overall institutional and financial problems are more important than firm-specific
{"title":"Determinants of the Financing Obstacles Faced by SMEs: An Empirical Study of Emerging Economies","authors":"Mirgul Nizaeva, A. Coşkun","doi":"10.14706/JECOSS17725","DOIUrl":"https://doi.org/10.14706/JECOSS17725","url":null,"abstract":"Ab stract: Small and medium sized enterprises (SMEs) play a crucial role \u0000in the economic development of emerging countries. The lack of access to \u0000finances is one of the important growth constraints the SMEs face. This \u0000study investigates the firm and country specific determinants of the financial \u0000constraint levels of SMEs in selected emerging Western Balkan economies. \u0000The main determinants of the financing obstacles examined in the sampled \u0000countries were: firm size, ownership type, and age, accounting information \u0000transparency, the depth of credit information indexes, the banking sector \u0000concentration, property registration costs; and per capita GDP. The findings \u0000confirm that firm size is a significant determinant of the financial constraint \u0000levels of SMEs in the selected economies. Moreover, we found that older firms \u0000are financially more constrained in the region. The possible economic \u0000implications of the positive association between firm age and financial \u0000constraint are discussed. Banking sector concentration level plays crucial role \u0000in the external financing of SMEs in developing countries. By closely \u0000examining the firm characteristics and country-level factors that determine the \u0000degree of the financing obstacles faced by SMEs, we observed that in \u0000developing economies overall institutional and financial problems are more \u0000important than firm-specific","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":"63 1","pages":"81"},"PeriodicalIF":0.0,"publicationDate":"2018-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83777434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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