Exploring growth gaps among small and medium-size construction firms in Ghana
- Arthur-Aidoo, Martin Bernard, Aigbavboa, Clinton O., Thwala, Wellington Didibhuku
- Authors: Arthur-Aidoo, Martin Bernard , Aigbavboa, Clinton O. , Thwala, Wellington Didibhuku
- Date: 2016
- Subjects: Construction exploring , Gaps , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/213907 , uj:21211 , Citation: Arthur-Aidoo, M.B., Aigbavboa, C & Thwala, W. D. 2016. Exploring growth gaps among small and medium-size construction firms in Ghana.
- Description: Abstract: The growth of small and medium-sized firms (SMEs) of most economies both developed and developing is not underestimated. This is because SMEs in particular, the construction SMEs are characterised as an engine of growth in facilitating employment, socio-economic and developmental needs of a nation. Ghana, in view of its status as a developing economy, is also driven by the impact and activities of the Construction SMEs. Therefore, the growth of construction SMEs is so pertinent to the Ghanaian economy due to enormous benefits that are achieved. As a result, it is significant for the study to explore into the gaps that will enhance the growth of these firms. The study adopted a mixed methodological approach including a review of literature supported by the use of electronic questionnaire survey in order to achieve this objective. The study established the paramount growth gaps among SME construction firms as the less attention on stakeholder's involvement and educational training. Further findings from the study also revealed that growth of construction SME firms are influenced by three core determinants namely entrepreneurial features of firm owner, firm characteristics and the business environment that the firm operate. Conclusions from the study suggest that SMEs firms do not engage in educational training activities due to the perceived associated cost involved. Further conclusions also stressed that the construction activity is accompanied with vast stakeholders, and, therefore, there is always the challenge of selecting from the identifying stakeholders to contribute to the firm's growth.
- Full Text: false
- Authors: Arthur-Aidoo, Martin Bernard , Aigbavboa, Clinton O. , Thwala, Wellington Didibhuku
- Date: 2016
- Subjects: Construction exploring , Gaps , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/213907 , uj:21211 , Citation: Arthur-Aidoo, M.B., Aigbavboa, C & Thwala, W. D. 2016. Exploring growth gaps among small and medium-size construction firms in Ghana.
- Description: Abstract: The growth of small and medium-sized firms (SMEs) of most economies both developed and developing is not underestimated. This is because SMEs in particular, the construction SMEs are characterised as an engine of growth in facilitating employment, socio-economic and developmental needs of a nation. Ghana, in view of its status as a developing economy, is also driven by the impact and activities of the Construction SMEs. Therefore, the growth of construction SMEs is so pertinent to the Ghanaian economy due to enormous benefits that are achieved. As a result, it is significant for the study to explore into the gaps that will enhance the growth of these firms. The study adopted a mixed methodological approach including a review of literature supported by the use of electronic questionnaire survey in order to achieve this objective. The study established the paramount growth gaps among SME construction firms as the less attention on stakeholder's involvement and educational training. Further findings from the study also revealed that growth of construction SME firms are influenced by three core determinants namely entrepreneurial features of firm owner, firm characteristics and the business environment that the firm operate. Conclusions from the study suggest that SMEs firms do not engage in educational training activities due to the perceived associated cost involved. Further conclusions also stressed that the construction activity is accompanied with vast stakeholders, and, therefore, there is always the challenge of selecting from the identifying stakeholders to contribute to the firm's growth.
- Full Text: false
Determinants predicting credit accessibity within small and medium-sized enterprises in the South African Construction Industry
- Balogun, Olanrewaju Abdul, Agumba, Justus Ngala, Ansary, Nazeem
- Authors: Balogun, Olanrewaju Abdul , Agumba, Justus Ngala , Ansary, Nazeem
- Date: 2016
- Subjects: Accessibility , Characteristics , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/93905 , uj:20406 , Citation: Balogun, J.N., Agumba, J.N. & Ansary, N. 2016. Determinants predicting credit accessibity within small and medium-sized enterprises in the South African Construction Industry.
- Description: Abstract: The contribution of Small and Medium-sized Enterprise (SME) sector in economic development, job creation and income generation has been recognized worldwide. These contributions are effectively articulated in South Africa construction industry discourse. However, the main problem limiting the SMEs sector to contribute fully in the mainstream economy is the shortage of finance. This study examines the impact of firm characteristics in access to credit by the South African SMEs in the construction industry. A deductive methodological approach was used to examine this problem. This paper utilises a combination of primary data emanating from structured survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility within SMEs in South Africa. The structured survey questionnaire was administered to 179 construction small and medium organizations to elicit relevant data about their credit accessibility. Binary logistic regression was applied to determine the influence of demographic variables on credit accessibility. The equation specified access to credit as dependent variable while firm and personnel characteristics as independent variable. The statistical package for social science version 22 was used. The results indicate that firm characteristics influence access to finance. The study recommends that South Africa SME contractors should maintain attractive firm attributes to stimulate lenders to extend finance to their investments.
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Agumba, Justus Ngala , Ansary, Nazeem
- Date: 2016
- Subjects: Accessibility , Characteristics , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/93905 , uj:20406 , Citation: Balogun, J.N., Agumba, J.N. & Ansary, N. 2016. Determinants predicting credit accessibity within small and medium-sized enterprises in the South African Construction Industry.
- Description: Abstract: The contribution of Small and Medium-sized Enterprise (SME) sector in economic development, job creation and income generation has been recognized worldwide. These contributions are effectively articulated in South Africa construction industry discourse. However, the main problem limiting the SMEs sector to contribute fully in the mainstream economy is the shortage of finance. This study examines the impact of firm characteristics in access to credit by the South African SMEs in the construction industry. A deductive methodological approach was used to examine this problem. This paper utilises a combination of primary data emanating from structured survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility within SMEs in South Africa. The structured survey questionnaire was administered to 179 construction small and medium organizations to elicit relevant data about their credit accessibility. Binary logistic regression was applied to determine the influence of demographic variables on credit accessibility. The equation specified access to credit as dependent variable while firm and personnel characteristics as independent variable. The statistical package for social science version 22 was used. The results indicate that firm characteristics influence access to finance. The study recommends that South Africa SME contractors should maintain attractive firm attributes to stimulate lenders to extend finance to their investments.
- Full Text:
Determinants of bridging loan among small and medium-sized enterprises in the South African Construction Industry
- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Agumba, Justus Ngala
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus Ngala
- Date: 2017
- Subjects: Determinants , Bridging loan , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/243838 , uj:25208 , Citation: Balogun, O.A., Ansary, N. & Agumba, J.N. 2017. Determinants of bridging loan among small and medium-sized enterprises in the South African Construction Industry.
- Description: Abstract: Small and medium construction enterprise (SMEs) has become the significant clout of sustained, instantaneous and bracing growth of South Africa economy. Moreover, SMEs has performed an unparalleled role in advancing the South Africa economic growth, and serve as a breeding ground for entrepreneurs and a provider of solutions to address the problems of unemployment in all consuming labours and promoting marketing growth. An opportunity for the healthy advancement of small and medium-sized enterprises (SMEs) in South Africa was in relation to the transformation and expansion policy due to the brisk evolution of the global economy. But with the global economic integration, the small and medium-sized enterprises operating environment is facing tremendous changes and more intense competition. The data was obtained using questionnaire survey. 179 small and medium contractors responded from conveniently sampled respondents in Gauteng province in South Africa. The data was analysed using Statistical Package for the Social Sciences (SPSS) version 22...
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus Ngala
- Date: 2017
- Subjects: Determinants , Bridging loan , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/243838 , uj:25208 , Citation: Balogun, O.A., Ansary, N. & Agumba, J.N. 2017. Determinants of bridging loan among small and medium-sized enterprises in the South African Construction Industry.
- Description: Abstract: Small and medium construction enterprise (SMEs) has become the significant clout of sustained, instantaneous and bracing growth of South Africa economy. Moreover, SMEs has performed an unparalleled role in advancing the South Africa economic growth, and serve as a breeding ground for entrepreneurs and a provider of solutions to address the problems of unemployment in all consuming labours and promoting marketing growth. An opportunity for the healthy advancement of small and medium-sized enterprises (SMEs) in South Africa was in relation to the transformation and expansion policy due to the brisk evolution of the global economy. But with the global economic integration, the small and medium-sized enterprises operating environment is facing tremendous changes and more intense competition. The data was obtained using questionnaire survey. 179 small and medium contractors responded from conveniently sampled respondents in Gauteng province in South Africa. The data was analysed using Statistical Package for the Social Sciences (SPSS) version 22...
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Construction health and safety culture in South Africa small and medium enterprises
- Authors: Agumba,N.J , Haupt, Theo
- Date: 2008
- Subjects: Construction industry , Health and safety culture , Small and medium
- Language: English
- Type: Conference Proceedings
- Identifier: http://hdl.handle.net/10210/17126 , uj:15849 , ISBN 978-0-620-41382-4 , Agumba, N.J. & Haupt, T. 2008. Perceptions of construction health and safety performance improvement enablers, Proceeding of Association of Schools of Construction of Southern Africa (ASOCSA) 3rd Built Environment Conference. Westin Grand, Cape Town, South Africa. 6th–8th July 2008 pp184-200;
- Description: Abstract: Please refer to full text to view abstract
- Full Text: false
- Authors: Agumba,N.J , Haupt, Theo
- Date: 2008
- Subjects: Construction industry , Health and safety culture , Small and medium
- Language: English
- Type: Conference Proceedings
- Identifier: http://hdl.handle.net/10210/17126 , uj:15849 , ISBN 978-0-620-41382-4 , Agumba, N.J. & Haupt, T. 2008. Perceptions of construction health and safety performance improvement enablers, Proceeding of Association of Schools of Construction of Southern Africa (ASOCSA) 3rd Built Environment Conference. Westin Grand, Cape Town, South Africa. 6th–8th July 2008 pp184-200;
- Description: Abstract: Please refer to full text to view abstract
- Full Text: false
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