ROLE OF PRINCIPLES OF GOVERNANCE AS AN IMPETUS FOR GROWTH IN WOMEN-LED SMES IN KILIFI SOUTH SUB-COUNTY - KILIFI COUNTY
ROLE OF PRINCIPLES OF GOVERNANCE AS AN IMPETUS FOR GROWTH IN WOMEN-LED SMES IN KILIFI SOUTH SUB-COUNTY - KILIFI COUNTY
Ratanya N. Scholastica
Rophus Mwakideu
ABSTRACT
Empowering women entrepreneurs is significant progress of any aspiring economy. The current study focuses on one specific objective to act as the basis of this research, effect of accountability in the performance of women-led SMEs in Kilifi South Sub-County, Kilifi County. This study used two theories to lay a foundation for its research. A conceptual framework is provided showing the relationship between the independent variable, moderating variable and dependent variable of the study. The study’s methodology has been presented by descriptive research design The study also gives a target population of women leaders or owners of small and medium enterprises giving a sample size of fifty (50) SMEs in Kilifi South Sub County, Kilifi County. A pilot study involving ten (10) SMEs was done to determine the authenticity of the data collection instrument that applied Cronbach Alpha reliability estimate. The study also used questionnaires as the main data collection tool. The study results were analyzed using Statistical Package for Social Sciences (SPSS) for windows 23. One of the significant findings of the study was that, there was a significant effect of accountability on the growth of SMEs in Kilifi South Sub-County. Consequently, the study concluded that increased transparency and flow of information would boost the growth of SMEs. The study recommends that there is need for women leaders themselves to seek strategies to ensure that transparency and effective information flow in their enterprises is effective, as this would enhance overall decision making. Further studies could be helpful in finding out the effect of other principles of governance in SMEs.
