Journal of Investment and Management

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The Impact of Regulatory Environment on the Effectiveness of Small and Medium Scale Enterprises: A Study of Selected Small and Medium Scale Enterprise in Owerri

Received: 22 July 2015    Accepted: 19 August 2015    Published: 29 August 2015
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Abstract

This paper examines the impact of regulatory environment on the effectiveness of small and medium scale enterprises. The study employed a survey approach and used the questionnaire as its major source of data collection. In order to guide the study, two research questions and hypotheses that are consistent with the objectives of the study were raised. The population of study consists of 105 staff of selected five small and medium scale enterprises in Owerri. The researchers used purposive sampling technique to select 89 members of staff as the sampled unit. The mean score was the tool for data analysis, and from the findings, the researchers concludes that regulatory environment has significant impact on business competitiveness and innovativeness which were used to proxy effectiveness of small and medium scale enterprises. Based on the findings also, the researchers among others recommended that consultation between SME regulators and operators of SMEs can help address some of the harsh consequences of the regulatory environment.

DOI 10.11648/j.jim.20150406.14
Published in Journal of Investment and Management (Volume 4, Issue 6, December 2015)
Page(s) 311-318
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Regulatory Environment, Organizational Effectiveness, Competitiveness, Innovativeness

References
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Author Information
  • Department of Business Management, Imo State University, Owerri, Imo State Nigeria

  • Department of Business Administration and Management, River State Polytechnic, Bori, River State, Nigeria

  • Department of Business Management, Imo State University, Owerri, Imo State Nigeria

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  • APA Style

    Chikwe Goddey Chukwudi, Joel Augustus-Daddie, Achiole Emmanuel Ayozie. (2015). The Impact of Regulatory Environment on the Effectiveness of Small and Medium Scale Enterprises: A Study of Selected Small and Medium Scale Enterprise in Owerri. Journal of Investment and Management, 4(6), 311-318. https://doi.org/10.11648/j.jim.20150406.14

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    ACS Style

    Chikwe Goddey Chukwudi; Joel Augustus-Daddie; Achiole Emmanuel Ayozie. The Impact of Regulatory Environment on the Effectiveness of Small and Medium Scale Enterprises: A Study of Selected Small and Medium Scale Enterprise in Owerri. J. Invest. Manag. 2015, 4(6), 311-318. doi: 10.11648/j.jim.20150406.14

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    AMA Style

    Chikwe Goddey Chukwudi, Joel Augustus-Daddie, Achiole Emmanuel Ayozie. The Impact of Regulatory Environment on the Effectiveness of Small and Medium Scale Enterprises: A Study of Selected Small and Medium Scale Enterprise in Owerri. J Invest Manag. 2015;4(6):311-318. doi: 10.11648/j.jim.20150406.14

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  • @article{10.11648/j.jim.20150406.14,
      author = {Chikwe Goddey Chukwudi and Joel Augustus-Daddie and Achiole Emmanuel Ayozie},
      title = {The Impact of Regulatory Environment on the Effectiveness of Small and Medium Scale Enterprises: A Study of Selected Small and Medium Scale Enterprise in Owerri},
      journal = {Journal of Investment and Management},
      volume = {4},
      number = {6},
      pages = {311-318},
      doi = {10.11648/j.jim.20150406.14},
      url = {https://doi.org/10.11648/j.jim.20150406.14},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jim.20150406.14},
      abstract = {This paper examines the impact of regulatory environment on the effectiveness of small and medium scale enterprises. The study employed a survey approach and used the questionnaire as its major source of data collection. In order to guide the study, two research questions and hypotheses that are consistent with the objectives of the study were raised. The population of study consists of 105 staff of selected five small and medium scale enterprises in Owerri. The researchers used purposive sampling technique to select 89 members of staff as the sampled unit. The mean score  was the tool for data analysis, and from the findings, the researchers concludes that regulatory environment has significant impact on business competitiveness and innovativeness which were used to proxy effectiveness of small and medium scale enterprises. Based on the findings also, the researchers among others recommended that consultation between SME regulators and operators of SMEs can help address some of the harsh consequences of the regulatory environment.},
     year = {2015}
    }
    

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    AU  - Chikwe Goddey Chukwudi
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    AB  - This paper examines the impact of regulatory environment on the effectiveness of small and medium scale enterprises. The study employed a survey approach and used the questionnaire as its major source of data collection. In order to guide the study, two research questions and hypotheses that are consistent with the objectives of the study were raised. The population of study consists of 105 staff of selected five small and medium scale enterprises in Owerri. The researchers used purposive sampling technique to select 89 members of staff as the sampled unit. The mean score  was the tool for data analysis, and from the findings, the researchers concludes that regulatory environment has significant impact on business competitiveness and innovativeness which were used to proxy effectiveness of small and medium scale enterprises. Based on the findings also, the researchers among others recommended that consultation between SME regulators and operators of SMEs can help address some of the harsh consequences of the regulatory environment.
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