3. Electronic Theses and Dissertations (ETDs) - All submissions

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Subject: search.filters.subject.Human capital--South Africa

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    The Impact of social capital and human capital on access to finance and growth of SMMEs in the informal sector
    (2017) Motsau, Neo
    Despite the significant role that SMMEs play in the growth of developed and developing economies, they are often plagued by various constraints. Access to finance is considered as one of the major constraints that exist within businesses and is also a consequence of other issues which create an impediment towards the success of SMMEs which compromises the growth of any given economy. The pervasive issue on the lack of access to finance tends to be greater for informal businesses as opposed to formal businesses due to various aspects, such as the entrepreneurial attributes that informal business owner-managers have, which are indeed found to be lacking, consequently leading to circumstances where banks reject loan applications made by these businesses, suppliers reject any request of trade credits made by the owner-managers operating these businesses and potential investors find these businesses to be less attractive when investing for future returns. This study has examined certain determinant factors that are embedded within the theory of entrepreneurship which are perceived to be some of the factors which in essence are considered as success drivers for the growth of all forms of businesses. More importantly, these factors have been closely analysed in the context of informal businesses with regard to whether they prove to be important factors to soliciting finance which is considered a crucial resource for the growth of informal SMMEs. In examining the perceived importance of each of these factors in relation with access to finance, as well as the perceived importance of finance in leading to growth of informal SMMEs, a self-administered questionnaire was distributed across 385 informal business owner-managers in the Gauteng province. Given that the nature of the study was quantitative, descriptive and inferential statistics were performed on the data. Various statistical methods, such as correlation analyses and multiple regressions, were employed to test the proposed hypotheses associated with the relationship of social capital, and human capital to the access to finance, and access to finance on growth. The findings reflected that social capital and human capital are important factors to accessing finance. Furthermore, access to finance is an important factor in the growth of SMMEs in the informal sector. The study contributes towards addressing the existing gap in the knowledge base regarding the determinants of financial access for SMMEs. It also contributes towards providing direction to policy makers involved in enterprise development to reach out to informal business ownermanagers by providing training to these entrepreneurs so as to improve their social and human capital and grow their businesses to graduate into the formal sector as their contribution is needed to grow the South African economy
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    Human capital and entrepreneurial success in the context of South African informal economy
    (2017) Ntuli, Tshikani Derrick
    Existing literature indicates a positive relationship between human capital and entrepreneurial capital. This has been a dominant supported view for ages. Among other scholars, Unger, et al. (2011); Davidson and Honig (2003); still uphold the view that human capital influence entrepreneurial success to a certain magnitude. However, contemporary studies argue that although the relationship has been demonstrated for decades, some assumptions to the perception should be questioned as the world evolves over time. Unger (2011); Martin, et al. (2013), and more other scholars identify the modification of the traditional assumptions. In terms of these scholars, uncertainty remains over the magnitude of this relationship and the circumstances under which human capital is more or less strongly associated with entrepreneurial success. Consideration of fragmentation in today's study with regard to conceptualization of human capital, the choice of success indicators, the context of study provide some critical challenges to the traditional perception of consistent relationships. All these aspects provide some open gaps to be filled by research. Oostebreek, et al. (2010) sees a questionable relationship between human capital factors and entrepreneurial success, which in terms of Unger, et al. (2011) give rise for the consideration of a moderator approach to study the effects of human capital on business success in order to efficiently determine whether the stated relationships exist or not. Resourced-Based Theory (RBT) was used as theoretical framework to this study. Three main constructs and five sub-constructs have been used to formulate the conceptual model from which three hypotheses were developed and tested. Empirical studies was conducted among selected informal traders in Limpopo Province – focusing in three districts. 257 unregistered small business owners were potential respondents. A quantitative methodology was employed to collect and analyse data through survey research design. The Structural Equation Modelling (SEM) along with AMOS 23, SPSS were used as descriptive statistical tools to test the validity of the hypotheses. Both theoretical and applied implications will assist the knowledge-base of researches. Policymakers will also find the implications useful in industrial policymaking. This study provides recommendations which may assist further research and other related enquiries of academic nature.
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    Assessing the impact of forms of entrepreneurial capital on corporate entrepreneurship in state-owned enterprises
    (2016) Mpanza, Phelelani
    Increasing competition in industries has made it necessary for established companies to regenerate themselves and renew their ability to compete. This is the goal of Corporate Entrepreneurship (CE) activities, which involve extending the firm‟s domain of competence and corresponding opportunity set, through internally and externally resources. Recently, CE has evoked interest not only from academics, but also from business practitioners and policy makers. This interest stems from the recognition of the advantage that can be gained from corporate entrepreneurship activities (Entebang, Mansor, & Puah, (2006). The prominence of State Owned Enterprises (SOEs) in the economy continues to grow. Their assets have been growing steadily since 2011 while SOEs play a critical role in the economic pursuit of advancing economic growth and developmental objectives of the country (Brown, 2014). This dissertation assesses the impact of forms of capital on corporate entrepreneurship in State Owned Enterprises in South Africa. The focus is on three forms of entrepreneurial capital which are; (1) economic capital, (2) human capital, and (3) social capital. Each form of capital is critical and has been discussed in the literature in order to orientate its utility in relation to entrepreneurship. The study was carried out in three major SOEs, which are administered by the Department of Public Enterprises. The study was based on quantitative measures using a self-administrated questionnaire. It was found that some forms of capital have a significant impact on a company‟s entrepreneurial activities. For instance, it was found that forms of entrepreneurial capital have significant influence on corporate entrepreneurship because they contributed positive toward the growth of the business. This study considered the nature or the quality of the company‟s workforce by means of employee human capital. Therefore, of all the managerial processes that can affect the pursuit of corporate entrepreneurial outcomes, Human capital is considered as one of the more vital. Furthermore, the recent loan guarantees from government to SOEs such as Eskom and South African Airways are a practical indication on the level of importance Economic capital is on corporate entrepreneurial activities. On Social capital and Corporate Entrepreneurship, Foil (1995) argued that it is the access to a diverse set of firm resources that significantly enhances corporate entrepreneurship activities, which points to the importance of Social capital at multiple levels within the organisations in pursuing corporate entrepreneurship. However, more research is required to investigate further how forms of capital impact established company‟s entrepreneurial activities.
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    Human capital as a determinant to access finance for South African women entrepreneurs
    (2016-10-10) Kowo, Kumbirai
    The purpose of this research is to investigate human capital and social capital as determinants to access to finance for women SMME owners in South Africa. The study focuses on Human capital which encompasses social capital and looks at access to finance within the South African context. It does not include all other factors discussed in entrepreneurship theory. The major theories underlying this research are Social Network theory and Human capital theory. Human capital theory is viewed as formal education, skills attained and knowledge gained through informal knowledge such as prior work experience, industry experience and apprenticeship opportunities. These variables are assessed to see if they determine access to finance; which is a barrier to entrepreneurship in South Africa for SMME owners. This constraint is stressed in all The Global Entrepreneurship Monitor (GEM) reports from 2009 to 2014. This paper focuses on a single gender; females and assesses these capital factors as determinants to access finance for their entrepreneurial activity. Social capital as a factor is studied as a component of Human capital and two variables are assessed: strong ties and weak ties. Access to finance is evaluated as both debt and equity for entrepreneurs. Bivariate analysis was used to test the theories for results. The results showed an importance of human and social capital for entrepreneurs in running their businesses however not all human and social capital factors were confirmed to entirely determine access to finance for the women entrepreneurs. This study can potentially assist SMME owners within South Africa, financial institutions, policy makers and support organisations for women-owned businesses with insight into what determines accessing finance for business.
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    Skills development among South African based innovative ICT firms
    (2016) Pauna, Raruca
    FDI is a buzzword used in the discourses of many emerging market politicians over the last two decades and SA politicians make no exception. It is commonly accepted that many multinationals (MNEs) provide employment opportunities and contribute to the transfer of technological knowledge in support of the host country’s catch up activities. This study aims to provide insight into how the South African subsidiaries of innovative ICT MNEs invest in skills development and why their local leaders chose to act in this way by comparing the case studies of IBM SA, Cisco SA and Dimension Data. It also seeks to find which of these three firms is more efficient at this investment and how South Africa, as a host country, influences their investment activities. The theoretical foundation for this study contains the literature review under the topic framed by the research problem: “How innovative ICT firms based in SA invest in skills.” The researcher gained knowledge about the habit of investment in skills in these branches of MNEs, in particular, their behaviour when they operate within South Africa, and produced a set of propositions that were investigated under the framework of the three case studies using qualitative research methodology. On one hand, the outcome of the study is that these researched branches are not innovating in SA because of the special emerging market context of SA and consequently, at present, they do not invest in R&D and innovation activities. On the other hand, SA government business consultants consider the branches of MNEs as sources of strong innovative and R&D activities that may influence SA innovation successes, different from what these firms do. Moreover, the results of the analysis show that the studied firms intensively exploit their existing products for maximum short-term profit. Policy makers could be assisted by this study in developing adequate policies in support of R&D and innovation activities. The study could also provide guidance for those HQs and leaders of local branches who want to improve their performance in SA and to SA innovators who are seeking to understand the twofold effect of globalisation.
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