The volume of data is increasing rapidly, that is why using cloud computing to store and process data may be inevitable. Providers offer many database services in public cloud that include many types of traditional relational and non-relational databases, as well as special purpose databases. Organizations can then migrate their data to cloud databases, however, decisions makers need to be aware of cloud benefits and challenges. Data in cloud is globally distributed, computing resources can be scaled up or down according to demand, cloud providers guarantee high level of service availability, many manual database administration tasks are automated. Data partitioning, replication and scaling ensure high performance. Certain applications of databases are cheaper than in private environments, however, sometimes using cloud database may be more expensive. Security is considered as a one of the main cloud database concerns due to storing data in external infrastructure. Due to regulations, organizations have to consider data privacy issues. Shared infrastructure offered in cloud is beneficial, however, sometimes isolated environments are better for cloud databases.
{"title":"REVIEW OF CLOUD DATABASE BENEFITS AND CHALLENGES","authors":"Szymon DZIUBAK","doi":"10.7862/rz.2023.mmr.14","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.14","url":null,"abstract":"The volume of data is increasing rapidly, that is why using cloud computing to store and process data may be inevitable. Providers offer many database services in public cloud that include many types of traditional relational and non-relational databases, as well as special purpose databases. Organizations can then migrate their data to cloud databases, however, decisions makers need to be aware of cloud benefits and challenges. Data in cloud is globally distributed, computing resources can be scaled up or down according to demand, cloud providers guarantee high level of service availability, many manual database administration tasks are automated. Data partitioning, replication and scaling ensure high performance. Certain applications of databases are cheaper than in private environments, however, sometimes using cloud database may be more expensive. Security is considered as a one of the main cloud database concerns due to storing data in external infrastructure. Due to regulations, organizations have to consider data privacy issues. Shared infrastructure offered in cloud is beneficial, however, sometimes isolated environments are better for cloud databases.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The proliferation of the Internet, as well as its utilization as a marketing tool, has led to a shift in traditional distribution channels from street-side stores to e-commerce. It is, therefore, essential to conduct in-depth research regarding the scope of e-commerce usage in order to develop a more efficient marketing strategy for retail entities. This paper aims to explore the parameters for a culture-driven marketing strategy in Kazakhstan, a country that is characterized by a high uncertainty avoidance culture. A qualitative data collection (n=250) for cross-sectional analysis of retail enterprises in Kazakhstan was conducted to identify cultural differences that may affect customers’ perception of marketing and logistics. This survey was divided into four main categories and the results of trust-based marketing strategies were analyzed through multiple regressions, t-tests and 95% confidence interval for p-value estimations. The findings revealed the lack of interest in the transparency level of the grocery retailers, as well as an inclination towards cash-on-delivery methods in risk aversive cultures.
{"title":"The THE INFLUENCE OF LOGISTICS AND WEBSITE FUNCTIONALITY ON THE E-COMMERCE DEVELOPMENT IN KAZAKHSTAN’S RETAIL ENTERPRISE","authors":"Ilnara Tobakabylova, Zauresh Akhmetova","doi":"10.7862/rz.2023.mmr.19","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.19","url":null,"abstract":"The proliferation of the Internet, as well as its utilization as a marketing tool, has led to a shift in traditional distribution channels from street-side stores to e-commerce. It is, therefore, essential to conduct in-depth research regarding the scope of e-commerce usage in order to develop a more efficient marketing strategy for retail entities. This paper aims to explore the parameters for a culture-driven marketing strategy in Kazakhstan, a country that is characterized by a high uncertainty avoidance culture. A qualitative data collection (n=250) for cross-sectional analysis of retail enterprises in Kazakhstan was conducted to identify cultural differences that may affect customers’ perception of marketing and logistics. This survey was divided into four main categories and the results of trust-based marketing strategies were analyzed through multiple regressions, t-tests and 95% confidence interval for p-value estimations. The findings revealed the lack of interest in the transparency level of the grocery retailers, as well as an inclination towards cash-on-delivery methods in risk aversive cultures.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343083","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The years 2020–2022 are a time of crises caused by pandemics and the war in Ukraine. In order to survive on the market, enterprises have been forced to introduce appropriate mechanisms that would allow them to run their business without disruption. Among the many tools or strategies that have been tested by various types and types of enterprises, quality management systems play an important role. They make it possible to improve the efficiency of managing the company's assets, retain contractors or lead to an improvement in financial results. Through the use of appropriate quality management systems, there is an improvement in the areas of receivables from customers and inventories. Mistakes made in inventory management create unnecessary costs and sometimes even stop sales. In turn, improper management of receivables reduces the financial liquidity of the company. Therefore, it is particularly important to introduce appropriate tools to improve the quality of management in these two areas. The aim of the article is to analyze and evaluate the functioning of enterprises during the crisis caused by the Covid pandemic. The analysis covered enterprises using quality management systems and entities that do not use such systems. The analysis showed that entities using quality management systems obtained better results regarding financial security.
{"title":"THE IMPACT OF ISO 9001 ON FINANCIAL LIQUIDITY OF SMES OPERATING IN THE RENEWABLE ENERGY SECTOR IN THE PODKARPACKIE PROVINCE","authors":"Grzegorz ZIMON, Mahdi SALEHI","doi":"10.7862/rz.2023.mmr.20","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.20","url":null,"abstract":"The years 2020–2022 are a time of crises caused by pandemics and the war in Ukraine. In order to survive on the market, enterprises have been forced to introduce appropriate mechanisms that would allow them to run their business without disruption. Among the many tools or strategies that have been tested by various types and types of enterprises, quality management systems play an important role. They make it possible to improve the efficiency of managing the company's assets, retain contractors or lead to an improvement in financial results. Through the use of appropriate quality management systems, there is an improvement in the areas of receivables from customers and inventories. Mistakes made in inventory management create unnecessary costs and sometimes even stop sales. In turn, improper management of receivables reduces the financial liquidity of the company. Therefore, it is particularly important to introduce appropriate tools to improve the quality of management in these two areas. The aim of the article is to analyze and evaluate the functioning of enterprises during the crisis caused by the Covid pandemic. The analysis covered enterprises using quality management systems and entities that do not use such systems. The analysis showed that entities using quality management systems obtained better results regarding financial security.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Lidia Elena REQUENA HERNANDEZ, Hugo Alberto SOLIS MARTINEZ, Lilian MUÑOZ LEDEZMA, Noé TOLEDO GONZALEZ, Humberto Raymundo GONZALEZ MORENO
The expansion of renewable energy has not changed, nor the fundamentals which they are ruled with, and their share in world electricity generation reached almost 27% in 2019; currently, solar PV and onshore wind are already the cheapest way to incorporate new electricity generating plants in most countries. Disruptions to the renewable energy supply chain, caused by the COVID-19 crisis, slowed the progress of any project globally during the first six months of 2020, however, plants construction and manufacturing activity intensified again starting in the second half of the year and logistical challenges were mostly resolved with the easing of cross-border restrictions. The purpose of this article is to carry out an analysis of the development of the energy market of the second renewable source with the highest installed capacity in Mexico and the first with highest installed capacity in Tamaulipas: onshore wind and its trends that predominate globally.
{"title":"TRENDS AND DEVELOPMENT OF THE ONSHORE WIND ENERGY INDUSTRY IN TAMAULIPAS, MEXICO","authors":"Lidia Elena REQUENA HERNANDEZ, Hugo Alberto SOLIS MARTINEZ, Lilian MUÑOZ LEDEZMA, Noé TOLEDO GONZALEZ, Humberto Raymundo GONZALEZ MORENO","doi":"10.7862/rz.2023.mmr.18","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.18","url":null,"abstract":"The expansion of renewable energy has not changed, nor the fundamentals which they are ruled with, and their share in world electricity generation reached almost 27% in 2019; currently, solar PV and onshore wind are already the cheapest way to incorporate new electricity generating plants in most countries. Disruptions to the renewable energy supply chain, caused by the COVID-19 crisis, slowed the progress of any project globally during the first six months of 2020, however, plants construction and manufacturing activity intensified again starting in the second half of the year and logistical challenges were mostly resolved with the easing of cross-border restrictions. The purpose of this article is to carry out an analysis of the development of the energy market of the second renewable source with the highest installed capacity in Mexico and the first with highest installed capacity in Tamaulipas: onshore wind and its trends that predominate globally.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136344868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to investigate the effect of knowledge management on organizational performance in Nigeria manufacturing sector. The research employed primary data sources, with a sample size of two hundred and twenty (220) completed and returned questionnaires. The collected cross-sectional data were analyzed using descriptive statistics, multiple regression, and correlation coefficients, indicating that the overall regression model was appropriate. The finding shows that knowledge creation has a significant effect on organization performance in Nigeria manufacturing sector and it was also revealed that knowledge sharing has a significant effect on organization performance in Nigeria manufacturing sector. The study concluded that knowledge management is considered a crucial factor for the competitiveness of organizations in the current business environment. As a recommendation, organizations are advised to establish knowledge-sharing platforms such as databases, intranets, and training activities to facilitate efficient knowledge sharing among staff and different divisions within the organization.
{"title":"EFFECT OF KNOWLEDGE MANAGEMENT (KM) ON ORGANIZATION PERFORMANCE IN NIGERIAN MANUFACTURING SECTOR","authors":"Olufemi OGUNKOYA, Abiodun ADEBAYO, Oluwatobi SOREMEKUN","doi":"10.7862/rz.2023.mmr.17","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.17","url":null,"abstract":"This study aims to investigate the effect of knowledge management on organizational performance in Nigeria manufacturing sector. The research employed primary data sources, with a sample size of two hundred and twenty (220) completed and returned questionnaires. The collected cross-sectional data were analyzed using descriptive statistics, multiple regression, and correlation coefficients, indicating that the overall regression model was appropriate. The finding shows that knowledge creation has a significant effect on organization performance in Nigeria manufacturing sector and it was also revealed that knowledge sharing has a significant effect on organization performance in Nigeria manufacturing sector. The study concluded that knowledge management is considered a crucial factor for the competitiveness of organizations in the current business environment. As a recommendation, organizations are advised to establish knowledge-sharing platforms such as databases, intranets, and training activities to facilitate efficient knowledge sharing among staff and different divisions within the organization.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of the article is the selection and use of effective forms of public-private partnerships as a mechanism to attract investment in housing and communal sphere.
The object of the study is the sector of housing and communal services. The subject of the study is a set of organizational and economic relations arising in the process of public--private partnership in the field of housing and communal services.
In solving the problems of the study there were used dialectical methods (analysis and synthesis, detailing and generalization, analogy, and modeling), as well as economic and statistical methods, methods of expert evaluations, observation.
The article considers public-private partnership as a tool to attract investment in the sector of housing and communal services. The features of forms of public-private partnerships, as well as the benefits and risks for local governments and private businesses in housing and communal services. It was found that the use of effective forms of public-private partnerships will reduce the risks of investment private business and improve the level and quality of service of public utilities. The authors propose the use of effective forms of public-private partnership, which will reduce the risks of private business investment and improve the level and quality of public services in the housing and utilities sector.
{"title":"PUBLIC-PRIVATE PARTNERSHIP AS A MECHANISM FOR ATTRACTING INVESTMENT IN THE HOUSING AND COMMUNAL SPHERE","authors":"Anna KONYEV, Olena DOLGALOVA","doi":"10.7862/rz.2023.mmr.15","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.15","url":null,"abstract":"The purpose of the article is the selection and use of effective forms of public-private partnerships as a mechanism to attract investment in housing and communal sphere.
 The object of the study is the sector of housing and communal services. The subject of the study is a set of organizational and economic relations arising in the process of public--private partnership in the field of housing and communal services.
 In solving the problems of the study there were used dialectical methods (analysis and synthesis, detailing and generalization, analogy, and modeling), as well as economic and statistical methods, methods of expert evaluations, observation.
 The article considers public-private partnership as a tool to attract investment in the sector of housing and communal services. The features of forms of public-private partnerships, as well as the benefits and risks for local governments and private businesses in housing and communal services. It was found that the use of effective forms of public-private partnerships will reduce the risks of investment private business and improve the level and quality of service of public utilities. The authors propose the use of effective forms of public-private partnership, which will reduce the risks of private business investment and improve the level and quality of public services in the housing and utilities sector.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136344865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Identification of causes of incompatibilities of the products treated with the powder method allows their elimination or minimization of those differences, which contributes to the improvement of the powder coating method and thus to the development of processes in the field of metallurgy. The aim of the article is to analyze the corrosion problem on the ventilator cover with the use of the sequence of selected quality management instruments (Ishikawa diagram and the 5Why method) and proposed actions to eliminate or minimize the problem and improve the powder coating process and organization within the workplace place of the selected company. The analysis was carried out at the request of the management of the Podkarpackie fan producer. The management wanted to analyze some of a problems in the simple and cheaper way, and thus in the enterprise this using the types of the method was not practiced. The management were wanted to analyze the problem with using these types of method because, in this enterprise, this was not practiced yet. The analysis of corrosion using the new sequence – Ishikawa diagram and 5Why method allowed, i.e.: appropriate analysis of the problem, identified the root cause of adequate problem and proposed the actions for the problem, thanks to which is possible to improve the powder coating process and a good organization workplace in the selected company. The sequence used and the proposed improvement actions can be used to analyze quality problems in other production and service companies.
{"title":"SEQUENCE OF SELECTED QUALITY MANAGEMENT TOOLS TO ANALYZE QUALITIVE PROBLEMS OF PRODUCTS","authors":"D. Siwiec, M. Straka, A. Pacana","doi":"10.7862/rz.2023.mmr.12","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.12","url":null,"abstract":"Identification of causes of incompatibilities of the products treated with the powder method allows their elimination or minimization of those differences, which contributes to the improvement of the powder coating method and thus to the development of processes in the field of metallurgy. The aim of the article is to analyze the corrosion problem on the ventilator cover with the use of the sequence of selected quality management instruments (Ishikawa diagram and the 5Why method) and proposed actions to eliminate or minimize the problem and improve the powder coating process and organization within the workplace place of the selected company. The analysis was carried out at the request of the management of the Podkarpackie fan producer. The management wanted to analyze some of a problems in the simple and cheaper way, and thus in the enterprise this using the types of the method was not practiced. The management were wanted to analyze the problem with using these types of method because, in this enterprise, this was not practiced yet. The analysis of corrosion using the new sequence – Ishikawa diagram and 5Why method allowed, i.e.: appropriate analysis of the problem, identified the root cause of adequate problem and proposed the actions for the problem, thanks to which is possible to improve the powder coating process and a good organization workplace in the selected company. The sequence used and the proposed improvement actions can be used to analyze quality problems in other production and service companies.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48350377","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The effect of environmental factors has engendered a lot of debate in the existing literature. This study examines the effect of environmental factors on SMEs performance in Ogun State, Nigeria. The study is premised on the dimensions of environmental factors, which are employees, shareholders, government support and competitive pressure. Survey research design, comprising of 218 business owners in Ijebu Ode and Ago-Iwoye, Ogun State, Nigeria was employed. The F-statistics (Fc = 32.931; P = 0.000) shows that environmental factors are strong determinants of SMEs performance. The findings further revealed that shareholders (Tc = 3.041; P < 0.05) and competitive pressure (Tc = -2.753; P < 0.05) are the critical factors determining SMEs performance in Ogun State, Nigeria while employees and government support are also significantly related to the performance of SMEs. Hence, business owners should pay more attention to the environment factors as well as competitive pressure and shareholders since these are the most critical measures of the environmental factors determining the performance of SMEs in Ogun State, Nigeria.
{"title":"ENVIRONMENTAL FACTORS AND SMES’ PERFORMANCE IN OGUN STATE, NIGERIA","authors":"M. Ogunmuyiwa, A. Adetayo","doi":"10.7862/rz.2023.mmr.11","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.11","url":null,"abstract":"The effect of environmental factors has engendered a lot of debate in the existing literature. This study examines the effect of environmental factors on SMEs performance in Ogun State, Nigeria. The study is premised on the dimensions of environmental factors, which are employees, shareholders, government support and competitive pressure. Survey research design, comprising of 218 business owners in Ijebu Ode and Ago-Iwoye, Ogun State, Nigeria was employed. The F-statistics (Fc = 32.931; P = 0.000) shows that environmental factors are strong determinants of SMEs performance. The findings further revealed that shareholders (Tc = 3.041; P < 0.05) and competitive pressure (Tc = -2.753; P < 0.05) are the critical factors determining SMEs performance in Ogun State, Nigeria while employees and government support are also significantly related to the performance of SMEs. Hence, business owners should pay more attention to the environment factors as well as competitive pressure and shareholders since these are the most critical measures of the environmental factors determining the performance of SMEs in Ogun State, Nigeria.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47840872","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Packaging and its visual layer form a unique value for a product and have an impact on its image. The component elements of a visual layer are signs whose precise division is shown in a classification based on the structure and functions of signs. Every single sign of packaging has huge importance in the context of providing specific information designed to induce a potential buyer to make a purchase. The aim of this paper is to analyse and synthesise information pertaining to the signs of a unit packaging visual layer in relation to marketing activities – effective consumer communication and attractive product presentation. Considerations and findings presented herein may prove to be useful in the designing of packaging.
{"title":"ROLE OF UNIT PACKAGING VISUAL LAYER IN MARKETING ACTIVITIES","authors":"Konrad Smoleń","doi":"10.7862/rz.2023.mmr.13","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.13","url":null,"abstract":"Packaging and its visual layer form a unique value for a product and have an impact on its image. The component elements of a visual layer are signs whose precise division is shown in a classification based on the structure and functions of signs. Every single sign of packaging has huge importance in the context of providing specific information designed to induce a potential buyer to make a purchase. The aim of this paper is to analyse and synthesise information pertaining to the signs of a unit packaging visual layer in relation to marketing activities – effective consumer communication and attractive product presentation. Considerations and findings presented herein may prove to be useful in the designing of packaging.","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41866889","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting economic growth, employment generation and foreign exchange earnings among others, of both developed and developing economies. Monetary policy, on the other hand, actions and strategies employed by a central bank or monetary authority to control and regulate the money supply, interest rates, and credit conditions in an economy. This study therefore, examines how monetary policy affects the performance of SMEs in Nigeria based on the data covering the period from 1981–2020 using the Autoregressive Distributed Lag Model (ARDL). ARDL captures both long-run equilibrium relationships and short-term dynamics, allowing researchers to examine the interplay between variables over time. The study found that monetary policy has not been a potent tool for promoting the performance SMEs in Nigeria
{"title":"MONETARY POLICY AND SMALL MEDIUM ENTERPRISES (SMEs) PERFORMANCE IN NIGERIA","authors":"B. Ilo, Y. Soyebo, O. Olowofela","doi":"10.7862/rz.2023.mmr.09","DOIUrl":"https://doi.org/10.7862/rz.2023.mmr.09","url":null,"abstract":"The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting economic growth, employment generation and foreign exchange earnings among others, of both developed and developing economies. Monetary policy, on the other hand, actions and strategies employed by a central bank or monetary authority to control and regulate the money supply, interest rates, and credit conditions in an economy. This study therefore, examines how monetary policy affects the performance of SMEs in Nigeria based on the data covering the period from 1981–2020 using the Autoregressive Distributed Lag Model (ARDL). ARDL captures both long-run equilibrium relationships and short-term dynamics, allowing researchers to examine the interplay between variables over time. The study found that monetary policy has not been a potent tool for promoting the performance SMEs in Nigeria","PeriodicalId":33913,"journal":{"name":"Modern Management Review","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45267158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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