CROWDFUNDING AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA
Crowdfunding has emerged as a vital alternative financing mechanism. The increased economic activity of small and medium enterprises (SMEs) due to crowdfunding has a ripple effect, stimulating broader growth for the sector. This research underscores the transformative potential of crowdfunding by ex...
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| Format: | Article |
| Language: | Indonesian |
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Universitas Islam Darul Ulum
2024-10-01
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| Series: | Journal of Management and Accounting |
| Subjects: | |
| Online Access: | https://e-jurnal.unisda.ac.id/index.php/J-MACC/article/view/7397 |
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| _version_ | 1850196489246081024 |
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| author | Majeed Ajibola Ibrahim Adedeji Daniel Gbadebo Joseph Olorunfemi Akande |
| author_facet | Majeed Ajibola Ibrahim Adedeji Daniel Gbadebo Joseph Olorunfemi Akande |
| author_sort | Majeed Ajibola Ibrahim |
| collection | DOAJ |
| description | Crowdfunding has emerged as a vital alternative financing mechanism. The increased economic activity of small and medium enterprises (SMEs) due to crowdfunding has a ripple effect, stimulating broader growth for the sector. This research underscores the transformative potential of crowdfunding by examining how the increase in financial performance, innovation capabilities, and job creations of SMEs due to crowdfunding has impacted the growth of selected SMEs. The study uses survey design to gather data involving 50 owners of registered SMEs in Ibadan, Nigeria. The information gathered from the questionnaires were coded and used to complete a regression analysis to retain the study aims. The evidence identifies that only financial performance and improved innovation from the SMEs due to crowdfunding have positive and significant impacts on their growth. We suggest recommendations that would enhance the attractiveness of crowdfunding, such as government implementing policies that support crowdfunding as well as the creation of awareness and education for crowdfunding participants. |
| format | Article |
| id | doaj-art-c2bcfbda509f4a09aa16a55469fdac94 |
| institution | OA Journals |
| issn | 2620-6951 2620-9756 |
| language | Indonesian |
| publishDate | 2024-10-01 |
| publisher | Universitas Islam Darul Ulum |
| record_format | Article |
| series | Journal of Management and Accounting |
| spelling | doaj-art-c2bcfbda509f4a09aa16a55469fdac942025-08-20T02:13:27ZindUniversitas Islam Darul UlumJournal of Management and Accounting2620-69512620-97562024-10-017216818110.52166/j-macc.v7i2.73977397CROWDFUNDING AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NIGERIAMajeed Ajibola Ibrahim0Adedeji Daniel Gbadebo1Joseph Olorunfemi Akande2Department of Agribusiness Management, Federal College of Land Resources Technology, Kuru, JosDepartment of Accounting Science, Walter Sisulu University, MthathaWalter Sisulu University, Mthatha, South Africa.Crowdfunding has emerged as a vital alternative financing mechanism. The increased economic activity of small and medium enterprises (SMEs) due to crowdfunding has a ripple effect, stimulating broader growth for the sector. This research underscores the transformative potential of crowdfunding by examining how the increase in financial performance, innovation capabilities, and job creations of SMEs due to crowdfunding has impacted the growth of selected SMEs. The study uses survey design to gather data involving 50 owners of registered SMEs in Ibadan, Nigeria. The information gathered from the questionnaires were coded and used to complete a regression analysis to retain the study aims. The evidence identifies that only financial performance and improved innovation from the SMEs due to crowdfunding have positive and significant impacts on their growth. We suggest recommendations that would enhance the attractiveness of crowdfunding, such as government implementing policies that support crowdfunding as well as the creation of awareness and education for crowdfunding participants.https://e-jurnal.unisda.ac.id/index.php/J-MACC/article/view/7397crowdfundingsmes growthsurvey designregression analysis |
| spellingShingle | Majeed Ajibola Ibrahim Adedeji Daniel Gbadebo Joseph Olorunfemi Akande CROWDFUNDING AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA Journal of Management and Accounting crowdfunding smes growth survey design regression analysis |
| title | CROWDFUNDING AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA |
| title_full | CROWDFUNDING AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA |
| title_fullStr | CROWDFUNDING AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA |
| title_full_unstemmed | CROWDFUNDING AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA |
| title_short | CROWDFUNDING AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA |
| title_sort | crowdfunding and growth of small and medium enterprises in nigeria |
| topic | crowdfunding smes growth survey design regression analysis |
| url | https://e-jurnal.unisda.ac.id/index.php/J-MACC/article/view/7397 |
| work_keys_str_mv | AT majeedajibolaibrahim crowdfundingandgrowthofsmallandmediumenterprisesinnigeria AT adedejidanielgbadebo crowdfundingandgrowthofsmallandmediumenterprisesinnigeria AT josepholorunfemiakande crowdfundingandgrowthofsmallandmediumenterprisesinnigeria |