Capital financing strategies of small-scale contractors in Nigeria

Anamege, T E (2019) Capital financing strategies of small-scale contractors in Nigeria. PhD thesis, Walden University, USA.

Abstract

Small-scale contractors in Nigeria, as small business owners, face challenges accessing external sources of capital financing. Inadequate sources of working capital is one of the major reasons for poor business performance and failure. A multiple case study approach was used in this study to explore how small-scale contractors obtained capital financing to grow their businesses. The study population included small-scale contractors in the construction industry in Nigeria. Credit rationing model was chosen as the conceptual framework for the study. Semistructured interviews were used to collect data from 5 participants. Data analysis included thematic coding of the data using qualitative data analysis computer software. The 2 themes that emerged from data analysis were as follows: sources of small-scale contractors’ financing and constraints of sourcing small-scale contractors’ capital financing. This study could contribute to positive social change by stimulating the local economy through local capital formation, jobs creation, improved tax revenues for local authorities, and enhancement of the quality of life of those living in Nigeria.

Item Type: Thesis (Doctoral)
Thesis advisor: Needham, C and Uche, G
Uncontrolled Keywords: failure; population; small business; business performance; owner; Nigeria; case study; interview
Index terms: face, quality of life, local authority, strategy, revenue, interview, local economy, data analysis, conceptual framework, financing, population, small business, business performance, owner, Nigeria, case study, construction industry
Subjects: industry analysis, sociology, management, performance measurement, public and environmental health, data analysis and analytics, data collection methods, demography, Geography, theoretical framing, economic analysis, psychology, organization
Topics: Quality Management, Geographical Context, Health and Safety, Urban Studies, Organizational Design, Research Practice, Business Strategy, Stakeholder Management
Descriptive scope: 5 PCTEA

N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here