 External Environmental Factors and Failure of Small and Medium Enterprises in Kano MetropolisSalihu Abubakar and Abubakar Sambo Junaidu Asian Journal of Economics and Empirical Research, 2019, vol. 6, issue 2, 180-185 Abstract: This study examines the relationship between external environmental factors and failure of SMEs in Kano metropolis, using samples of failed SMEs in Kano metropolis. Questionnaire was used to collect primary data from the sampled failed SMEs using snow ball method. The data was analyzed using multiple regression technique and descriptive statistics in order to establish the significance of the estimated relationships. The outcome reveals that external environmental factors have significant impact on the failure of SMEs in Kano metropolis, and inadequate infrastructure (II) is the major contributing factor to the failure of SMEs in the Kano; followed by market competition (MC), market demographics (MD), and financial inadequacy (FI). In order to reduce SMEs failure and achieve significant positive contribution of SMEs sub-sector to the economic development of the state, the study recommends that government and relevant stakeholders should create an enabling business environment with adequate infrastructures, fear competition, sound market places and financial support. Keywords: SMEs; External factors; Failure; Kano. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:aoj:ajeaer:v:6:y:2019:i:2:p:180-185:id:1136 Access Statistics for this article More articles in Asian Journal of Economics and Empirical Research from Asian Online Journal Publishing Group |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.