Efficiency and competitiveness of a South Africa grant support programme for small, medium, and micro-sized enterprises

Q4 Social Sciences Enterprise Development and Microfinance Pub Date : 2022-06-01 DOI:10.3362/1755-1986.21-00041

Timothy Olaniyi Aluko

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Abstract

: The paper investigates the efficiency and competitiveness of a state grant support programme for small, medium, and micro enterprises (SMMEs) in South Africa. A balanced scorecard measurement framework through key performance indicators (KPIs) was applied using aggregate firm level datasets from 2012 and 2017. Empirical results show that the state grant support programme does not have a significant approval rate. Incomplete procedural requirements and overextended turnaround time between the approval and conversion processes contributed to the negative performance of the programme. This implies that the programme policy is overridden or partially set aside, contributing to inadequate allocation and inappropriate distribution of the programme funds to the targeted beneficiary. Further, the programme access choices are distorted, with qualifying beneficiaries prioritized against the targeted group. Funding programmes established for political reasons lead to programme distortion and inefficiency. Therefore, there was a trade-off between fiscal allocation, disbursement, performance, and efficiency.

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南非中小微企业赠款支助方案的效率和竞争力

：本文调查了南非中小微企业国家赠款支持计划的效率和竞争力。使用2012年和2017年的公司级汇总数据集，应用了通过关键绩效指标（KPI）的平衡记分卡衡量框架。实证结果表明，国家拨款支持计划的支持率并不高。不完整的程序要求以及核准和转换程序之间的周转时间过长，导致了该方案的负面业绩。这意味着方案政策被推翻或部分搁置，导致方案资金分配不足和不适当地分配给目标受益人。此外，方案准入选择被扭曲，符合条件的受益人优先于目标群体。为出于政治原因设立的方案供资会导致方案失真和效率低下。因此，在财政分配、支出、绩效和效率之间存在权衡。

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来源期刊

Enterprise Development and Microfinance Social Sciences-Development

CiteScore

0.60

自引率

0.00%

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期刊介绍： EDM encourages critical thinking on how market systems can be more inclusive and sustainable, with concrete implications for designing, implementing, and evaluating business support programmes. EDM is essential reading for practitioners, researchers, donors, policymakers, and finance specialists engaged in market-related activities involving poor people in the global South. The coverage includes but is not restricted to: • Financial inclusion (inclusive financial services and products) • Emerging financing models (impact investment, responsible finance, social lending) • Value chain analysis and development • Inclusive business models • Equity (gender, youth, marginalized) in access to financial services and value chains • Political and regulatory framework for SME development and financial services • ICT for business development and financial services • Sustainability standards • Advisory services for SMEs • Impact assessment.