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A Synthetic Indicator of the Quality of Support for Businesses in Burkina-Faso, Cameroon, and Ghana

Author

Listed:
  • Jean C. Kouam

    (Nkafu Policy Institute, Opposite College Jesus-Marie)

  • Simplice A. Asongu

    (University of Johannesburg)

  • Bin J. Meh

    (Nkafu Policy Institute, Opposite College Jesus-Marie)

  • Robert Nantchouang

    (Nkafu Policy Institute, Opposite College Jesus-Marie)

  • Fri L. Asanga

    (Nkafu Policy Institute, Opposite College Jesus-Marie)

  • Denis A. Foretia

    (Nkafu Policy Institute, Opposite College Jesus-Marie)

Abstract

This paper proposes a synthetic indicator of the quality of support for companies and identifies the factors that can contribute towards improving the quality of such support in three countries (i.e., Burkina-Faso, Cameroon, and Ghana). The study uses static mechanics and applies techniques of factor analysis. A principal component analysis is performed on the data collected from 80 business support structures in the sampled countries. After constructing the indicators, correlates are provided on how the constructed indicators are linked to the objectives of sustainable development. Our results are robust after controlling for variables relating to the general characteristics of the support structure. The findings are consistent with the position that taking sustainable development objectives into account in business support practices would significantly improve business performance in sampled countries and, by extension, in sub-Saharan Africa. The originality of the study stems from the fact that it considers specific sustainable development goals and assesses their contribution to improving the quality of support for companies, a research area that has not been investigated hitherto by the extant literature. Implications for all stakeholders in the entrepreneurial ecosystem and future research directions are discussed.

Suggested Citation

  • Jean C. Kouam & Simplice A. Asongu & Bin J. Meh & Robert Nantchouang & Fri L. Asanga & Denis A. Foretia, 2024. "A Synthetic Indicator of the Quality of Support for Businesses in Burkina-Faso, Cameroon, and Ghana," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 4939-4974, March.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:1:d:10.1007_s13132-023-01344-3
    DOI: 10.1007/s13132-023-01344-3
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    More about this item

    Keywords

    Synthetic indicator; Quality of support; Businesses; Sub-Saharan Africa;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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