ADVANCED JOURNAL OF FINANCE AND ACCOUNTING
Integrity Research Journals
Model: Open Access/Peer Reviewed
DOI: 10.31248/AJFA
Start Year: 2022
Email: ajfa@integrityresjournals.org
Effect of managerial capabilities on corporate performance of SMEs in the agricultural sector: A study of Delta State, Nigeria
https://doi.org/10.31248/AJFA2024.025 | Article Number: 8D83A0561 | Vol.2 (3) - December 2024
Received Date: 23 November 2024 | Accepted Date: 17 December 2024 | Published Date: 30 December 2024
Author: Abeeb Olawale Rasak
Keywords: Corporate performance of SMEs, managerial capabilities, managerial skills, operational internal control efficiency.
This study examines the effect of managerial capabilities on the corporate performance of small and medium enterprises in the agricultural sector of Delta State, Nigeria. A survey research design technique was employed using primary data collected through structured a questionnaire from a sample of three hundred and seventy-two (372) respondents out of 384 administered questionnaires. The study adopted econometric techniques of Multiple Regression Analysis to test the research hypothesis using Statistical Package for Social Sciences (SPSS version 25). The study revealed that managerial capabilities significantly impact return on assets a proxy for the corporate performance of SMEs in the agricultural sector. Based on these findings, the study recommends that stakeholders in small and medium enterprises should improve their managerial capabilities by improving strategic planning, strategic implementation, operational internal control efficiency and managerial skills through the necessary training and effective coordination of internal control systems focusing on all organisation resources, communication and interpretation of the financial statement in order to improve corporate performance of small and medium enterprises in the agricultural sector.
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