Business practices, strategy, competition, and performance of microfinance institutions in Nigeria

In Nigeria, microfinance institutions (MFIs) have gained acceptance not only as important financial institutions but are also being recognized for their economic and social contributions to the country. Despite their important role in the financial industry in Nigeria, the theoretical and empirical...

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Main Author:	Zuru, Nasiru Liman
Format:	Thesis
Language:	eng eng
Published:	2017
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/7296/1/s96004_01.pdf https://etd.uum.edu.my/7296/2/s96004_02.pdf
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id	my-uum-etd.7296
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Hashim, Mohd Khairuddin Ahmad Ashad, Darwina
topic	HG Finance
spellingShingle	HG Finance Zuru, Nasiru Liman Business practices, strategy, competition, and performance of microfinance institutions in Nigeria
description	In Nigeria, microfinance institutions (MFIs) have gained acceptance not only as important financial institutions but are also being recognized for their economic and social contributions to the country. Despite their important role in the financial industry in Nigeria, the theoretical and empirical contributions in the area of MFIs remained limited. The literature indicates that as a field of study, MFIs have not received much research emphasis. Given the limited research in this area of study, this study attempts to examine microfinance institutions (MFIs) from the strategic management perspective. More specifically, this study investigates the relationships between business practices, business strategy, competition and performance of MFIs in Nigeria from the contingency perspective. The study was based on a sample survey consisting of 121 MFIs that were registered with the Central Bank of Nigeria. The MFIs that were involved in the study were located in 27 states in Nigeria. The data for the study was collected from the MFIs by using a structural questionnaire. Based on the analyses of the data collected from the MFIs, the results of the study suggest significant positive relationships between business practices and the performance of MFIs. In addition, the results indicate that business strategy and competition moderate the relationships between business practices and the performance of the MFIs that participated in this study. As a whole, the findings of this study indicated that strategic management is relevant and applicable to MFIs as it is to large firms. This study suggests opportunities for researchers interested in further exploring the concept that strategic management can influence the performances of MFIs
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Zuru, Nasiru Liman
author_facet	Zuru, Nasiru Liman
author_sort	Zuru, Nasiru Liman
title	Business practices, strategy, competition, and performance of microfinance institutions in Nigeria
title_short	Business practices, strategy, competition, and performance of microfinance institutions in Nigeria
title_full	Business practices, strategy, competition, and performance of microfinance institutions in Nigeria
title_fullStr	Business practices, strategy, competition, and performance of microfinance institutions in Nigeria
title_full_unstemmed	Business practices, strategy, competition, and performance of microfinance institutions in Nigeria
title_sort	business practices, strategy, competition, and performance of microfinance institutions in nigeria
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2017
url	https://etd.uum.edu.my/7296/1/s96004_01.pdf https://etd.uum.edu.my/7296/2/s96004_02.pdf
_version_	1747828191089655808
spelling	my-uum-etd.72962021-08-19T01:19:01Z Business practices, strategy, competition, and performance of microfinance institutions in Nigeria 2017 Zuru, Nasiru Liman Hashim, Mohd Khairuddin Ahmad Ashad, Darwina Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance In Nigeria, microfinance institutions (MFIs) have gained acceptance not only as important financial institutions but are also being recognized for their economic and social contributions to the country. Despite their important role in the financial industry in Nigeria, the theoretical and empirical contributions in the area of MFIs remained limited. The literature indicates that as a field of study, MFIs have not received much research emphasis. Given the limited research in this area of study, this study attempts to examine microfinance institutions (MFIs) from the strategic management perspective. More specifically, this study investigates the relationships between business practices, business strategy, competition and performance of MFIs in Nigeria from the contingency perspective. The study was based on a sample survey consisting of 121 MFIs that were registered with the Central Bank of Nigeria. The MFIs that were involved in the study were located in 27 states in Nigeria. The data for the study was collected from the MFIs by using a structural questionnaire. Based on the analyses of the data collected from the MFIs, the results of the study suggest significant positive relationships between business practices and the performance of MFIs. In addition, the results indicate that business strategy and competition moderate the relationships between business practices and the performance of the MFIs that participated in this study. As a whole, the findings of this study indicated that strategic management is relevant and applicable to MFIs as it is to large firms. This study suggests opportunities for researchers interested in further exploring the concept that strategic management can influence the performances of MFIs 2017 Thesis https://etd.uum.edu.my/7296/ https://etd.uum.edu.my/7296/1/s96004_01.pdf text eng public https://etd.uum.edu.my/7296/2/s96004_02.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia Abdul, M., & Makki, M. (2014). Impact of corporate governance on intellectual capital efficiency and financial performance. Gian Jyoti E-Journal, 8(2), 265–280. Abdulai, A. (2017). Determinants of microfinance outreach in Sub-Saharan Africa : A panel approach. Independent Research Journal in the Management Science, 3(1). Abraham, H., & Balogun, I. . (2012). Performance of microfinance institutions in Nigeria : an appraisal of self-reporting institutions to mix market. International Journal of Humanities and Social Science, 2(15), 32–50. Abu Kasim, N. A., Minai, B., & Chun, L. S. (1989). 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