Management Specialized in Innovation Management and Entrepreneurship
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Browsing Management Specialized in Innovation Management and Entrepreneurship by Author "Yohannes, Workaferahu (PhD)"
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Item Challenges that Affect the Growth of Women Owned Small and Medium Enterprise: A Case Study of Arada Sub City(Addis Ababa University, 2019-06) Serkalem, Koru; Yohannes, Workaferahu (PhD)Small and Medium Enterprises (SMEs) are still an issue that is interesting to study because it is recognized that small businesses have a major role in employment and contribution to the gross domestic product. This study sets out to provide detailed information on the main factors that currently affect the growth of women owned small and medium enterprise which started out as small and eventually grew into medium and large scale industries. The study considered the total population of 65 respondents in Arada sub city. Both descriptive and econometric analysis was employed to determine factors influencing the growth of women manufacturing industries. The study found that only few numbers of women in the manufacturing industry have transformed their business from small to medium enterprises and no one transferred to large scale industries. The result from econometrics analysis confirmed that those enterprises who took loan from bank has positive and significant influence on transformation of women owned enterprise. The study further observes that years of experience in the industry and receiving related training plays an important role in the success and growth of women owned enterprise. Interestingly, the study did not find any evidence of gender related burden to affect the growth of women owned enterprise targeted in the study.Item Financial Innovation Towards Profitability of Micro Finance Institutions in Ethiopia(Addis Ababa University, 2019-06) Zerihun, Necho; Yohannes, Workaferahu (PhD)The robust financial innovation has unreserved role in boosting profitability of MFIs. Since sufficient researches had not been conducted on the subject this study was carried out to fill the gaps. In effect, inferential design and more quantitative & qualitative methods were used. Accordingly, the explanatory variables have explained the profitability of MFIs by 65% (i.e. R2). The percentage change of credit innovation changes the percentage of profitability. Moreover, major innovative credit products were extended by MFIs in Ethiopia. The percentage change in total deposit changes percentage of profitability and statistically significant. Therefore, the credit and saving product innovations are strongly, positively and significantly affects the profitability of MFIs. The MFIs have mobilized various deposits as deposit product innovations that increased profitability status. Institutional innovation credited to equity capital and the equity capital affect profitability of MFIs. The percentage change in equity capital changes the percentage of profitability of MFIs and statistically significant. Accordingly, the study approved that institutional innovation of MFIs is practically and statistically affects their profitability. Although institutional innovation determines profitability of MFIs, in most of Ethiopian MFIs institutional innovation that secure their profitability was not practiced. The percentage change increased in operational expense decrease the percentage change of profitability of MFIs and statistically significant. To this end, newly created or improved financial process innovation decreases operational expenses of MFIs that in return increases the profitability of MFIs. In abstract, the credit product innovation, saving product innovation, financial process innovation, and institutional innovation are strongly and significantly affect the profitability of MFIs in Ethiopia. Accordingly, the financial innovation practices of MFIs in Ethiopia needs due attentions.