A Synthetic Indicator of the Quality of Support for Businesses in Burkina-Faso, Cameroon, and Ghana

Jean C. Kouam (), Simplice Asongu, Bin J. Meh (), Robert Nantchouang (), Fri L. Asanga () and Denis A. Foretia ()
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Jean C. Kouam: Nkafu Policy Institute, Opposite College Jesus-Marie
Bin J. Meh: Nkafu Policy Institute, Opposite College Jesus-Marie
Robert Nantchouang: Nkafu Policy Institute, Opposite College Jesus-Marie
Fri L. Asanga: Nkafu Policy Institute, Opposite College Jesus-Marie
Denis A. Foretia: Nkafu Policy Institute, Opposite College Jesus-Marie

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 195, 4939-4974

Abstract: Abstract This paper proposes a synthetic indicator of the quality of support for companies and identifies the factors that can contribute towards improving the quality of such support in three countries (i.e., Burkina-Faso, Cameroon, and Ghana). The study uses static mechanics and applies techniques of factor analysis. A principal component analysis is performed on the data collected from 80 business support structures in the sampled countries. After constructing the indicators, correlates are provided on how the constructed indicators are linked to the objectives of sustainable development. Our results are robust after controlling for variables relating to the general characteristics of the support structure. The findings are consistent with the position that taking sustainable development objectives into account in business support practices would significantly improve business performance in sampled countries and, by extension, in sub-Saharan Africa. The originality of the study stems from the fact that it considers specific sustainable development goals and assesses their contribution to improving the quality of support for companies, a research area that has not been investigated hitherto by the extant literature. Implications for all stakeholders in the entrepreneurial ecosystem and future research directions are discussed.

Keywords: Synthetic indicator; Quality of support; Businesses; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: C30 M20 O10 O30 O55 (search for similar items in EconPapers)
Date: 2024
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Working Paper: A Synthetic Indicator of the Quality of Support for Businesses in Burkina-Faso, Cameroon, and Ghana (2022)
Working Paper: A Synthetic Indicator of the Quality of Support for Businesses in Burkina-Faso, Cameroon, and Ghana (2022)
Working Paper: A Synthetic Indicator of the Quality of Support for Businesses in Burkina-Faso, Cameroon, and Ghana (2022)
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DOI: 10.1007/s13132-023-01344-3

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