@article{Essien:163372,
      recid = {163372},
      author = {Essien, Ubon Asuquo and Arene, Chukwuemeka John and Nweze,  Noble Jackson},
      title = {An Investigation into Credit Receipt and  Enterprise
Performance among Small Scale Agro Based  Enterprises
in the Niger Delta Region of Nigeria},
      journal = {International Journal of Agricultural Management and  Development (IJAMAD)},
      address = {2013-12},
      number = {1047-2016-85543},
      pages = {14},
      year = {2013},
      abstract = {The study was designed to analyze credit receipt  and
enterprise performance by small scale agro based  enterprises
in the Niger Delta region of Nigeria. A  multistage sampling
technique was adopted in selecting 264  agro based enterprises
and 96 agro based enterprises that  accessed informal and
formal credit respectively. The  Heckman model was used to
examine the factors affecting  amount of informal and formal
credit received by the  enterprises. Financial ratios such as the
current ratio and  return on capital employed ratio were used in
addition to  the t-test to examine the performance of enterprises
that  borrowed from informal and formal credit markets in  the
area. Analyses of informal credit amount received  reveal that
gender, age and social capital are significant  for the first
hurdle, whereas gender, size, income,  guarantor and social
capital are significant for the second  hurdle. Similarly, gender,
education, age, size, and  collateral are significant for the first
hurdle for formal  credit, while the second hurdle reported  significant
results with age, size, income, collateral and  social
capital. Formal credit was less accessible than  informal credit
but enhanced greater performance. Formal  credit should be
made to be easily accessible and  efficiently utilized. This will
go a long way in  complementing the amnesty programme of
the federal  government of Nigeria in the region.},
      url = {http://ageconsearch.umn.edu/record/163372},
      doi = {https://doi.org/10.22004/ag.econ.163372},
}