"Institutional Quality and Export Intensity of Nigerian SMEs: An Institutional-Based View using Logistic Regression Analysis"
1Tajudeen Olalekan Yusuf, 2Olufemi Saibu, 3Adebowale Ayobade, 4Sulaiman Adebiyi, 5Lukman Oyelami, 6Olasunmbo Olusanya, 7Umar Saleh, 8Matthew Ogbuagu, 9Joel Owuru
1,2,3,4,5,6,7,8,9Development and Allied Policy Studies Cluster, Institute of Nigeria-China Development Studies, University of Lagos, Akoka
https://doi.org/10.47191/jefms/v8-i4-05ABSTRACT:
In many developing nations, weak institutional quality presents significant hurdles for SMEs, hindering their ability to thrive in international markets due to issues like corruption, Bureaucratic red-tapeism, and unpredictable regulations. As a result, there is a widespread acknowledgement that the quality of institutions profoundly shapes the landscape in which SMEs operate, impacting their survival and export capabilities. This study sets out to explore the intricate relationship between institutional quality and export intensity within Nigeria's diverse geopolitical zones. To achieve this, data was collected from all six geopolitical zones in Nigeria and analyzed it using logistic regression techniques. The study reveals a positive relationship between institutional quality and export intensity in Nigeria, but this relationship varies across different geopolitical zones. This study also highlights the crucial role of institutional quality in driving export-led growth and economic development, shedding light on the complexities inherent in navigating diverse institutional environments. By uncovering these dynamics, the study provides valuable insights for policymakers, businesses, and stakeholders seeking to enhance export performance and foster sustainable economic development.
KEYWORDS:
Institutional Quality, Export Intensity, Institutional-Based View, SMEs, Logistic Regression Techniques.
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