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Journal of Social Economics Research

June 2019, Volume 6, 2, pp 85-96

Analysis of Environmental Factors Affecting Manufacturing Small and Medium-Size Enterprises in Kogi State Nigeria

Salisu Yakubu

,

Momoh I. Yalo

,

Uba Halilu

Salisu Yakubu 1 Momoh I. Yalo 2

Uba Halilu 1 

  1. Department of Business Administration, Kogi State University, Anyigba P.M.B. 1008, Nigeria 1

  2. Department of Marketing, Federal Polytechnic, Idah, Nigeria. 2

Pages: 85-96

DOI: 10.18488/journal.35.2019.62.85.96

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Article History:

Received: 22 January, 2019
Revised: 28 February, 2019
Accepted: 03 May, 2019
Published: 01 July, 2019


Abstract:

This study analyzed the environmental factors affecting manufacturing SMEs in Kogi State, Nigeria. The target is to investigate the effects of internal factors as they affect the profitability of manufacturing SMEs in Kogi State. The survey research design was adopted for the study; covered 171 SME owners in Kogi State. The clusters of SMEs were located and utilized for this study. Data were analyzed using descriptive statistics, principal component factor analysis, and binary logit regression. Findings show that business strategy has a significant negative relationship with the profitability of SMEs in Kogi State. Operational strength and debt leveraging significantly and positively relate to the profitability of SMEs in Kogi State. These factors play critical roles in the sustainability of the profitability of manufacturing SMEs in Kogi State. The study recommended that manufacturing SME owners should seek knowledge and skill to crafting and adopting an effective business strategy, boost their operational strength and manage their debt leveraging distinctively to sustain their profitability in the competitive business environment of Kogi State.
Contribution/ Originality
This study contributes to the existing literature on the environmental factors affecting Manufacturing SMEs. The study uses new methods of principal component analysis and binary logit regression to analyze the environmental factors affecting manufacturing SMEs in Kogi State, Nigeria.

Keywords:

Environmental Factors, Business Strategy, Operational Strength, Debt Leveraging, Profitability, Opportunities and Strength, Innovation, Productivity

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Funding:

This study received no specific financial support.

Competing Interests:

The authors declare that they have no competing interests.

Acknowledgement:

All authors significantly contributed to the study. Protocol drafting/design, review of literature and analysis were collectively shouldered by the authors.

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