Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy

Mufaro Dzingirai, Shingirai Sikomwe and Noah Tshuma
Additional contact information
Mufaro Dzingirai: Midlands State University, Zimbabwe
Shingirai Sikomwe: Midlands State University, Zimbabwe
Noah Tshuma: Midlands State University, Zimbabwe

International Journal of Applied Management Sciences and Engineering (IJAMSE), 2022, vol. 9, issue 1, 1-14

Abstract: Although corporate governance has become a topical issue around the world in recent years, it is surprising to note that SMEs were much neglected in this corporate governance wave. Therefore, this study aims to establish the corporate governance challenges confronting Small and Medium Enterprises(SMEs) in the economy of Zimbabwe. This study is prompted by the dwindling performance experienced by SMEs. Notably, the study adopts an interpretivism research philosophy and the exploratory research design given that the study was the first of its kind. The corporate governance challenges which emerged from the data analysis are succession disputes, ownership concentration, lack of disclosure issues, limited resources, and lack of systems and structures. Therefore, it is recommended that SMEs should put in place a clear succession matrix in order to enable good corporate governance. Moreover, this study recommends that SMEs should strive to ensure that there is a separation of ownership and control in order to align with the best international corporate governance principles and practices.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJAMSE.299024 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jamse0:v:9:y:2022:i:1:p:1-14

Access Statistics for this article

International Journal of Applied Management Sciences and Engineering (IJAMSE) is currently edited by Carolina Machado

More articles in International Journal of Applied Management Sciences and Engineering (IJAMSE) from IGI Global
Bibliographic data for series maintained by Journal Editor ().