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Please cite this article as: A.S. Ibidunni, et al., Data on the relationships between financing
strategies, entrepreneurial competencies and business growth of technology-based SMEs in
Nigeria, Data in Brief (2018), https://doi.org/10.1016/j.dib.2018.03.136i
2 A.S. Ibidunni et al. / Data in Brief ∎ (∎∎∎∎) ∎∎∎–∎∎∎
55 Specifications Table
56
57 Subject area Strategic Management, Entrepreneurship
58 More specific Entrepreneurial Competencies, SMEs, Technology Management
59 subject area
60 Type of data Table, figure
61 How data was Researcher made questionnaire analysis
62
acquired
63 Data format Raw, analyzed, descriptive and statistical data
64
Experimental – Samples consist of Owner and Financial managers of technology-based SMEs in
65 factors Lagos State, Nigeria.
66
– In this paper, the relationship between financing strategies, entrepreneurial
67
competencies and growth of technology-based SMEs was examined.
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Experimental Understanding the hierarchical importance of financing strategies and the influ-
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features ence of entrepreneurial competencies is a critical factor for enhancing the growth
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of technology-based SMEs
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Data source Owner and Financial managers of technology-based SMEs in Lagos State, Nigeria
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location
73
Data accessibility Data is included in this article
74
75
76
77 Value of the data
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79
The data presented describe demographic attributes of owners and financial managers of tech-
80 nology-based SMEs, especially those in Lagos state. This could be used by other researchers.
81
The data describe the hierarchical order of importance of financing towards enhancing the growth
82 of technology-based SMEs in Nigeria. Consequently, the data could provide insights for other
83 researchers.
84
The data allows other researchers to extend the statistical analysis.
85
86
87 1. Data
88
89 Table 1 shows that 52.6% (121) of the respondents are male and 47.4% (109) of the respondents are
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female. 21.4% (47) of the respondents are single, 56.8% (125) of the respondents are married, while
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20.6%(48) respondents are in other categories, such as divorced, widowed or separated. 29.8% (67) of
92
93
Table 1
94 Demographic characteristics of respondents.
95
96 Parameter Characteristics Number (Percentage)
97
Gender Male 121 (51.9)
98 Female 109 (46.8)
99 Marital status Single 47 (20.2)
100 Married 125 (53.6)
101 Others 48 (20.6)
Age bracket 21–30 67 (28.8)
102
30–40 130 (55.8)
103 41–50 20 (8.6)
104 51 years and above 8 (3.4)
105 Educational qualification WAEC/O’level 72 (30.9)
106 NCE/HND 60 (25.8)
HND/BSC 56 (24.0)
107 Postgraduate 30 (12.8)
108
Please cite this article as: A.S. Ibidunni, et al., Data on the relationships between financing
strategies, entrepreneurial competencies and business growth of technology-based SMEs in
Nigeria, Data in Brief (2018), https://doi.org/10.1016/j.dib.2018.03.136i
A.S. Ibidunni et al. / Data in Brief ∎ (∎∎∎∎) ∎∎∎–∎∎∎ 3
109 Table 2
110 Standard multiple regression of financing strategies and technology-based SMEs business growth.
111
Profit growth Sales growth Employee growth
112
113 Ind. variable β P-value β P-value β P-value
114
115 Personal savings −.076 .411 −.026 .786 −.052 .599
Bank loan .109 .255 .037 .703 .048 .635
116 Venture capital .149 .087 *
.033 .713 .127 .165
117 Business .141 .071* −.019 .815 .132 .110
118 Donations
119 R 0.260 .047 .202
R2 .067 .002 .041
120
Adj R2 .051 −.015 .024
121 F-value 4.125 (4, 228); .124 (4, 228); 2.421 (4, 228);
122 p ¼ 0.003 p ¼ 0.974 p ¼ 0.049
123
124
125 Table 3
126 Standard multiple regression of entrepreneurial competencies and financial strategies of technology-based SMEs.
Please cite this article as: A.S. Ibidunni, et al., Data on the relationships between financing
strategies, entrepreneurial competencies and business growth of technology-based SMEs in
Nigeria, Data in Brief (2018), https://doi.org/10.1016/j.dib.2018.03.136i
4 A.S. Ibidunni et al. / Data in Brief ∎ (∎∎∎∎) ∎∎∎–∎∎∎
163 Nigeria, there is still dearth in literature, especially with data evidence about the financing strategies
164 that are most significant to facilitating the activities of technology-based SMEs and the role of
165 entrepreneurial competencies on their business growth [8,10]. This research benefitted from the ideas
166 of existing research studies. Questions that pertained to entrepreneurial competencies was developed
167 based on [4], while items of SMEs’ growth was developed based on [5,6]. Financing strategy ques-
168 tionnaire was developed based on [7]. The collated data were coded and entered in SPSS version 22.
169 Data analysis was performed applying descriptive statistics and structural equation modelling (SEM).
170 Ethical consideration in the research process was ensured because administering the questionnaires
171 to respondents was based on their willingness to respond to the research instrument. Moreover,
172 confidentiality and anonymity for participants in the study was assured.
173
174
175 Acknowledgements
176
177 Authors of this research work express sincere appreciation to the Management of Covenant
178 University for giving full sponsorship to the publication of the research work in this journal.
179
180
181 Q4 Transparency document. Supporting information
182
183 Transparency data associated with this article can be found in the online version at https://doi.org/
184 10.1016/j.dib.2018.03.136.
185
186
187 References
188
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Please cite this article as: A.S. Ibidunni, et al., Data on the relationships between financing
strategies, entrepreneurial competencies and business growth of technology-based SMEs in
Nigeria, Data in Brief (2018), https://doi.org/10.1016/j.dib.2018.03.136i