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| Impact of Environmental Factors on the Performance of Small Scales Businesses in Delta State, Nigeria
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ORISHEDE, Felix (Ph.D) & OSOSUAKPOR, Felix
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Abstract:
This study explored the impact of environmental factors on the performance of small scales businesses (SSB's) in Delta State, Nigeria. The study employed descriptive survey research design. The population total population of 1000 SME'S, a sample size for this study is 100 SME'S were selected for the study. The sample size of 100 SME's was selected using random sample elements technique. The sampling object used for this work owners of small scale businesses in Asaba, Delta State, Nigeria; a total of one hundred (100) questionnaires were administered to the owners of small and medium scale enterprises located in Asaba metropolis. Out of the one hundred (100) questionnaires administered, ninety-eight (98) 98% where retrieved and properly filled while two (2) 2% were not properly fill and returned. Thus, the sample to be used for the study will be the total of one hundred (100) respondents which represent 98% of the sample size of 100. The questionnaire was coded followed by descriptive statistics and correlation matrix. The hypotheses of the study were tested using the Pearson correlation with the aid of SPSS version 23. The findings revealed that there is significant positive relationship between Access to External Financing and Performance of SSB's (0.001<0.05); there is a significant positive relationship between Basic Infrastructure and Performance of SSB's (0.002<0.05); there is a significant positive relationship between Legal & Regulatory Framework and Performance of SSB's (0.001<0.05) and Technological Capacities has a positive significant relationship with Performance of SSB's which is evident with the p-value (0.003<0.05) thus the null hypothesis is rejected and the alternate hypothesis is accepted. Based on the findings it was concluded that environmental factors had a significant effect on the performance of small scales businesses in Delta State, Nigeria. The study recommended that government should do more by making small and medium scales friendly policies in terms of loan access and zero interest rate.
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