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Innovation Dans Les PME Africaines

Entre Défis de Financement et Contraintes Du Climat Des Affaires Innovation in African SMEs: Between Financing Challenges and Business Climate Constraints

Bibliographic Data

ID21571004
AuthorsERIOLA Akitola Jesse (0000-0003-1893-6440, Faculté des Sciences Economiques et de Gestion Université D’Abomey‐Calavi Cotonou Benin, corresponding author)
Year2026
Volume43
Issue2
Publication date2026-06-01
Open AccessYes
TypeARTICLE
VenueCanadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l Administration (JOURNAL)
Journal identifiersISSN: 0825-0383 • E-ISSN: 1936-4490
PublisherWiley (PUBLISHER • GB)
DOI10.1002/cjas.70066
OpenAlexW7161567077
LanguageEN
References cited106

Innovation in small and medium‐sized enterprises (SMEs) is a key driver of sustainable and quality development in Africa. This study investigates the impact of financial constraints and the business environment on SME innovation in sub‐Saharan Africa. The data used in this research come from the World Bank Enterprise Survey (WBES) conducted in 2022 and 2023 on a sample of 1685 SMEs in eight African countries. A composite index of the business environment was constructed based on firms' subjective assessments of the constraints they faced, using a principal component analysis (PCA) method. Probit model estimation shows that financing constraints negatively affect product innovation, whereas their impact on process innovation is more nuanced. Interestingly, a less favorable business environment appears paradoxically to encourage product innovation. The findings also reveal that investing in research and development (R&D) positively affects both types of innovation. This study contributes to institutional theory by highlighting that institutional weakness can, under certain conditions, be leveraged to stimulate SME innovation. It also calls on policymakers and SME leaders in sub‐Saharan Africa to rethink investment strategies to more effectively overcome constraints and stimulate innovation

Business development · Business environment · Product innovation · Sustainable development · Economic Growth and Development · Firm Innovation and Growth · Innovation and Socioeconomic Development

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