Does Global Financial Crisis Affects Profitability of Entrepreneurial Sme’s In Catching–Up Economy? (Nigerian Case)
Author(s)
John Joseph Etim , Francis Aniefiok Basssey , Uwem Okpoho , Edu Gabriel Tobi ,
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Abstract
The paper investigated the empirical relationship between financial crisis (Economic meltdown) and profitability of entrepreneurial SME’s in Nigeria by employing a survey method to carefully select (144) domestic entrepreneurial SME’s from three industrial locations in manufacturing, retail trading and services as our sample model. Using fixed–effect regression model,. Our result demonstrated that during the economic meltdown accessing loans was the only option available for entrepreneurial SME’s to service the scourge. There was a decline in income. Conclusion was drawn that global financial crisis constitute series threat to SME’s in Nigeria
Keywords
Global crisis, economic meltdown, entrepreneurial, profitability
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