LASU Journal of Employment Relations and Human Resource Management
(LJERHRM)
ISSN: 2705-3482
Volume 4, No. 1, 2023
Pages 218-228
DOI: 10.36108/ljerhrm/3202.04.0151
Globalization and Performance of Small and Medium Enterprises (SMEs) in Nigeria: An Ex-Post Facto Approach
Ayobami Folarin ELEGUNDE, PhD
Department of Business Administration,
Faculty of Management Sciences, Lagos State University, Ojo.
Olajide Idowu OKUNBANJO,
Department of Business Administration,
Faculty of Management Sciences, Lagos State University, Ojo.
&
Kayode Babatunde AFOLABI,
Department of Business Administration,
Faculty of Management Sciences, Lagos State University, Ojo.
Abstract
This study focused on the effects of globalization on SMEs performance in Nigeria. The researcher conducted an ex-post facto research design. The study covered a period of 35 years between 1986-2021. The data collected were analyzed using econometric techniques. The findings revealed that foreign direct investment has positive and significant effect on small and medium enterprises performance. Foreign trade has a positive but insignificant effect on SMEs performance. Due to the value of p-value=0.000. The study concluded that globalization has significant contributions on the performance of SMEs in Nigeria. The study however recommended among others that SMEs should take advantage of globalization to expand their market share through expansion and diversification strategies.
Keywords: Globalisation, Foreign Direct Investment, Foreign Trade, Performance