The relationship(s) between internal control activities used, perceived stakeholder reputation and the economic sustainability of South African small, medium and micro enterprises

Abstract

Purpose: This study aimed to determine the relationship(s) between the internal control activities used, perceived stakeholder reputation, as well as the overall economic sustainability of South African Small, Medium and Micro Enterprises (SMMEs). Design/Methodology/Approach: This study employed an empirical, exploratory, and quantitative approach. Survey research was utilised to collect data from 119 purposively and conveniently selected South African SMME owners/managers operating in the fast-moving consumer goods industry, based in the Cape Metropole. Findings: From the research revealed that the internal control activities used by sampled South African SMMEs mostly demonstrated a statistically significant negative relationship(s) with perceived stakeholder reputation and their respective economic sustainability. Originality/Contribution: This research provides insight into the importance of internal control activities concerning perceived stakeholder reputation and economic sustainability. Additionally, the study can serve as a foundation for further empirical research on the matter at hand.