Performance of microenterprises in Ghana: a resource-based view

摘要

Purpose -The purpose of this paper is to assess the financial performance of microenterprises inrnGhana by applying the resource-based theory of the firm. Specifically, it is tested that if firm-specificrnresources dominate sector and market-wide effects in explaining microenterprise performance,rnas suggested by the resource-based theory.rnDesign/methodology/approach - The relevant literature for both microenterprise performancernand the resource-based theory is reviewed. Data from the 1998/1999 Ghana Living Standards Surveyrnare analysed using ordinary least squares, followed by robustness checks.rnFindings - Factors embodied in firm-specific resources jointly impact enterprise performance. However,rnsector/market factors also play a role, suggesting that the interaction between microenterprise, sector,rnand market factors helps explain enterprise performance.rnResearch limitations/implications - All the constructs of the resource-based theory cannot berntested due to data limitations.rnOriginality/value - Small enterprises play a key role in promoting developing country growth, but nornstudy has evaluated microenterprise performance using this particular data set and the resource-basedrntheory of the firm. Future research should focus on collecting data to further validate this theory.