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Assessing MSMEs Growth Through Rosca Involvement Using Paired t-Test and One Sample Proportion Test

Author

Listed:
  • David Ikwuoche
  • Adubisi Obinna

    (Department of Mathematics and Statistics, Federal UniversityWukari-Nigeria.)

  • Farouk Bilkisu

    (Department of Management Science, Nigeria Defence Academy, Kaduna-Nigeria.)

  • Adehi Mary

    (Department of Statistics, Nasarawa State University, Keffi-Nigeria.)

Abstract

In this research work, rotating savings and credit association (ROSCA) effect on the growth of micro, small and medium enterprises (MSMEs) and identification of a factor supporting the continuity of ROSCAs is studied. A well-designed questionnaire with a reliability value of 0.957 was distributed to 400 entrepreneurs in Wukari through snowball sampling technique. After validity check, 368 valid questionnaires were used for the research. Firstly, a paired t-test was applied to know if entrepreneurs achieve significant positive growth in their business before and after 5 years of joining ROSCAs. At 5% level of significance, entrepreneurs achieved significant positive growth in their businesses 5 years and above of joining ROSCAs. Secondly, a one sample proportion Z-score test was used to identify the major factor responsible for ROSCAs continuity. At 5% significance level, flexibility was identified as the major factor responsible for ROSCAs. It was concluded based on the results obtained that ROSCAs has a significant positive effect on the growth of MSMEs and ROSCAs continuity towards MSMEs growth is due to its flexibility factor in terms of operations, disbursement, seeking loans and interest rate.

Suggested Citation

  • David Ikwuoche & Adubisi Obinna & Farouk Bilkisu & Adehi Mary, 2020. "Assessing MSMEs Growth Through Rosca Involvement Using Paired t-Test and One Sample Proportion Test," Journal of Social and Economic Statistics, Sciendo, vol. 9(2), pages 30-42, December.
    • Handle: RePEc:vrs:jsesro:v:9:y:2020:i:2:p:30-42:n:2
    DOI: 10.2478/jses-2020-0011
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    More about this item

    Keywords

    Flexibility; Growth; MSME; ROSCA; t-test; Z-score;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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