Agricultural Journal

Year: 2008
Volume: 3
Issue: 5
Page No. 392 - 396

Determinants of Firm Growth in Poultry Enterprises in Rivers State, Nigeria

Authors : E.C. Chukuigwe , D.A. Week and O.J. Owen

Abstract: This study was necessitated by the dearth of poultry enterprises in the Rivers State of Nigeria; a relatively industrialized state with per capita income above the national average. It was expected that the relative high income elastic good such as poultry will predominate but the reverse was the case. The objective of this study was therefore to find out the determinants of poultry firm growth in the survey area. A static model in which firm growth was a function of the determinants such as total equity/total liability, owner’s equity, interest rates, rate of return, taxes and home consumption or owner’s withdrawal. Econometric analysis using ordinary least square show owner’s equity, rate of return on investment and interest rates were significant determinants of growth (‘t’>1.96). Taxes and home consumption or withdrawal were non-determinants. Suggestions for growth included adequate attention paid to the management aspects of the industry and importantly management training. Significantly interest rates were not significant in the growth potential. We recommend that the status quo with respect to taxes be maintained.

How to cite this article:

E.C. Chukuigwe , D.A. Week and O.J. Owen , 2008. Determinants of Firm Growth in Poultry Enterprises in Rivers State, Nigeria. Agricultural Journal, 3: 392-396.

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