Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy
Although corporate governance has become a topical issue around the world in recent years, it is surprising to note that SMEs were much neglected in this corporate governance wave. Therefore, this study aims to establish the corporate governance challenges confronting Small and Medium Enterprises(SM...
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| Format: | research article |
| Language: | English |
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IGI Global
2023
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| Online Access: | https://cris.library.msu.ac.zw//handle/11408/5428 |
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| author | Mufaro Dzingirai Shingirai Sikomwe Noah Tshuma |
| author2 | Midlands State University, Zimbabwe |
| author_facet | Midlands State University, Zimbabwe Mufaro Dzingirai Shingirai Sikomwe Noah Tshuma |
| author_sort | Mufaro Dzingirai |
| collection | DSpace |
| description | Although corporate governance has become a topical issue around the world in recent years, it is surprising to note that SMEs were much neglected in this corporate governance wave. Therefore, this study aims to establish the corporate governance challenges confronting Small and Medium Enterprises(SMEs) in the economy of Zimbabwe. This study is prompted by the dwindling performance experienced by SMEs. Notably, the study adopts an interpretivism research philosophy and the exploratory research design given that the study was the first of its kind. The corporate governance challenges which emerged from the data analysis are succession disputes, ownership concentration, lack of disclosure issues, limited resources, and lack of systems and structures. Therefore, it is recommended that SMEs should put in place a clear succession matrix in order to enable good corporate governance. Moreover, this study recommends that SMEs should strive to ensure that there is a separation of ownership and control in order to align with the best international corporate governance principles and practices. |
| format | research article |
| id | ir-11408-5428 |
| institution | My University |
| language | English |
| publishDate | 2023 |
| publisher | IGI Global |
| record_format | dspace |
| spelling | ir-11408-54282023-03-21T15:37:43Z Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy Mufaro Dzingirai Shingirai Sikomwe Noah Tshuma Midlands State University, Zimbabwe Midlands State University, Zimbabwe Midlands State University, Zimbabwe Corporate governance Small and Medium Enterprises Zimbabwean Economy SMEs Although corporate governance has become a topical issue around the world in recent years, it is surprising to note that SMEs were much neglected in this corporate governance wave. Therefore, this study aims to establish the corporate governance challenges confronting Small and Medium Enterprises(SMEs) in the economy of Zimbabwe. This study is prompted by the dwindling performance experienced by SMEs. Notably, the study adopts an interpretivism research philosophy and the exploratory research design given that the study was the first of its kind. The corporate governance challenges which emerged from the data analysis are succession disputes, ownership concentration, lack of disclosure issues, limited resources, and lack of systems and structures. Therefore, it is recommended that SMEs should put in place a clear succession matrix in order to enable good corporate governance. Moreover, this study recommends that SMEs should strive to ensure that there is a separation of ownership and control in order to align with the best international corporate governance principles and practices. 9 1 1 14 2023-03-21T15:37:42Z 2023-03-21T15:37:42Z 2022-01-01 research article https://cris.library.msu.ac.zw//handle/11408/5428 10.4018/IJAMSE.299024 en International Journal of Applied Management Sciences and Engineering 2327-7483 open IGI Global |
| spellingShingle | Corporate governance Small and Medium Enterprises Zimbabwean Economy SMEs Mufaro Dzingirai Shingirai Sikomwe Noah Tshuma Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy |
| title | Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy |
| title_full | Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy |
| title_fullStr | Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy |
| title_full_unstemmed | Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy |
| title_short | Corporate Governance Challenges for Small and Medium Enterprises in the Constrained Zimbabwean Economy |
| title_sort | corporate governance challenges for small and medium enterprises in the constrained zimbabwean economy |
| topic | Corporate governance Small and Medium Enterprises Zimbabwean Economy SMEs |
| url | https://cris.library.msu.ac.zw//handle/11408/5428 |
| work_keys_str_mv | AT mufarodzingirai corporategovernancechallengesforsmallandmediumenterprisesintheconstrainedzimbabweaneconomy AT shingiraisikomwe corporategovernancechallengesforsmallandmediumenterprisesintheconstrainedzimbabweaneconomy AT noahtshuma corporategovernancechallengesforsmallandmediumenterprisesintheconstrainedzimbabweaneconomy |