IMPACT OF INSTITUTIONAL FINANCING ON THE PERFORMANCE OF SMALL-SCALE MANUFACTURING INDUSTRIES IN KADUNA STATE
IMPACT OF INSTITUTIONAL FINANCING ON THE PERFORMANCE OF SMALL-SCALE MANUFACTURING INDUSTRIES IN KADUNA STATE
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Date
2011-06
Authors
ABDULSALAM, ZUBAIRU
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Abstract
Various development finance institutions were established to alleviate the
major problem of finance that small-scale industries face. Inspite of the
intervention of such finance institutions, the performance of most smallscale
industries, especially manufacturing, is not encouraging. This may be
as a result of funds not adequate to gear-up their performance or their
inability to utilise the funds towards the said goal. This research evaluates
whether or not the funds from such development finance institutions
increases the performance of small-scale manufacturing industries in
Kaduna State, using profitability and working capital as indicators. To this
end, financial statement of five small-scale manufacturing industries
selected at random across the three senatorial zones in the state were made
used of for the period of ten (10) years i.e. five years before financing and
five years after financing. Two-sample t-test were used to test the
hypothesis. It was found that the funds obtained from development finance
institutions increases the profitability and working capital of the smallscale
manufacturing industries in the state. It is recommended that smallscale
manufacturing industries should embrace such funds from
development finance institution to improve their performance for growth
and development, and the government should provide interest-free loans to
small-scale manufacturing industries to strength their performances.
Description
BEING A THESIS PRESENTED TO THE POSTGRADUATE
SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA. IN
PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE
AWARD OF MASTER OF SCIENCE (M.SC) IN ACCOUNTING
AND FINANCE
DEPARTMENT OF ACCOUNTING,
FACULTY OF ADMINISTRATION,
AHMADU BELLO UNIVERSITY, ZARIA
Keywords
INSTITUTIONAL FINANCING,, SMALL-SCALE,, MANUFACTURING INDUSTRIES,