Macro-Structural Obstacles to Firm Performance: Evidence from 2,640 Firms in Nigeria

Amr Hosny

The African Finance Journal, 2020, vol. 22, issue 1, 50-69

Abstract: A recent World Bank enterprise survey identified access to finance as the top constraint to Doing Business in Nigeria. This paper (i) studies firm characteristics associated with more access to finance and export diversification; and (ii) quantifies the impact of these structural obstacles on firm performance. Results suggest that (i) larger and export-oriented firms are about 40 percentage points less likely to report access to finance as a business obstacle; and (ii) better access to finance and export diversification can help firm employment as much as 80 percent higher. Results are largely robust to different specifications and estimation methods.

Keywords: Enterprise surveys; access to credit; export diversification; Nigeria (search for similar items in EconPapers)
JEL-codes: G21 L25 (search for similar items in EconPapers)
Date: 2020
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Working Paper: Macro-Structural Obstacles to Firm Performance: Evidence from 2,640 Firms in Nigeria (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journl:v:22:y:2020:i:1:p:50-69

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