Effect of innovation on agricultural-based micro, small and medium enterprises survival in Nigeria

Benneth Uchenna Eze

World Review of Entrepreneurship, Management and Sustainable Development, 2022, vol. 18, issue 5/6, 500-513

Abstract: This study examines the effect of innovation, particularly process innovation, product innovation and market innovation, on the survival of agricultural-based MSMEs in Nigeria. Survey research design was employed, by administering structured questionnaires on some selected chief executives of agricultural-based MSMEs in Lagos, Kano and Anambra states. The findings revealed that product innovation, process innovation and market innovation have a positive and significant individual effect on the survival of agricultural-based MSMEs, with coefficients and probability values of β₁ = 3.049, P-value<0.05; β₂ = 5.152, P-value<0.05; β₃ = 4.919, P-value<0.05 for product innovation, process innovation and market innovation respectively. The F-stat (22.803, P-value<0.05) shows that innovative elements are good predictors of enterprise survival of the selected agricultural-based MSMEs. The Adjusted R² suggested that a 35.6% variation in agricultural-based MSMEs survival is accounted for by the innovative elements. Conclusively, innovativeness has a significant effect on agricultural-based MSMEs' survival.

Keywords: agriculture; innovation; market innovation; MSMEs; process innovation; product innovation. (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=125628 (text/html)
Access to full text is restricted to subscribers.

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:ids:wremsd:v:18:y:2022:i:5/6:p:500-513

Access Statistics for this article

More articles in World Review of Entrepreneurship, Management and Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().