Abstract
Orientation: Corporate governance adoption and compliance are an issue augmenting in
importance recently and have been extended to business enterprises of any size including
small and medium enterprises (SMEs).
Research purpose: This study seeks to examine the impact of corporate governance adoption
on the firm competitiveness and performance of SMEs in Vanderbijlpark.
Research design, approach and method: The study employs a cross-sectional research design,
which employed quantitative methods. One hundred fifty-two SME owners or managers were
selected from Vanderbijlpark in Gauteng, South Africa. The collected data were analysed using
a structural equation modelling system by using Smart PLS software.
Main findings: The principal findings of this study revealed that the implementation of
corporate governance by SMEs significantly and positively affected their competitiveness and
performance.
Practical and managerial implications: The paper provided practical implications and made
some recommendations...