Macroeconomic determinants of SME performance in Kenya

dc.contributor.authorKinyua, Lucy Wanjiru
dc.date.accessioned2022-02-11T10:45:59Z
dc.date.available2022-02-11T10:45:59Z
dc.date.issued2020
dc.descriptionSubmitted in partial fulfillment of the requirements for the Degree of Financial Economics at Strathmore Universityen_US
dc.description.abstractThis paper explores the relationship between SME performance, as measured by growth in total annual sales, growth in the number of permanent full-time employees and capacity utilization, and macroeconomic factors- the real effective exchange rate and the terms of trade, using a sample of 45 SMEs in Kenya over a period of 3 years. The random effects estimation technique is used and it is discovered that the real effective exchange rate has an inverse relationship with SME performance and the terms of trade variable has a positive relationship with performance. However, none of the estimates are statistically significant. In addition, the data do not confidently support the conclusions that macroeconomic factors exert a causal impact on SME performance.en_US
dc.identifier.urihttp://hdl.handle.net/11071/12668
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.titleMacroeconomic determinants of SME performance in Kenyaen_US
dc.typeUndergraduate Projecten_US
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