DIMENSION OF SOCIAL CAPITAL AND PERFORMANCE OF MANUFACTURING SMALL AND MEDIUM ENTERPRISES IN LAGOS AND OYO STATES, NIGERIA

This study analyses the collective joint effects of social capital dimensions on performance of manufacturing small and medium enterprises (SMEs) in Lagos and Oyo states, Nigeria. The study adopted survey research design, and data was collected with the aid of structured questionnaire, copies of which were administered to 914 purposively selected out 3200 manufacturing SMEs in Lagos and Oyo States, Nigeria. Multi-Linear Regression was used to analyse the joint effects of social capital dimensions on performance of the manufacturing SMEs. Findings showed that there is a positive relationship between the dimensions of social capital and manufacturing SMEs performance (p=0.000). The results of the joint effects of the dimensions showed that relational dimension (p<0.05) and cognitive dimension (p<0.05) have statistically significant joint effects on manufacturing SMEs performance while structural dimension (p>0.05) do not have statistically significant joint effect on manufacturing SMEs performance. Manufacturing SMEs should give priority attention to relational and cognitive dimensions of social capital due to its ability to predict customer satisfaction and market size.