SME Firm Antecedents and Financing Sources in Nigeria

The most common question that has attracted much attention among scholars and practitioners is why some SME finns perfonn better than others. To probe further, the perfonnance of SMEs, this dissertation focuses on the small and medium enterprises (SMEs) in Nigeria. In spite of the numerous literatur...

Full description

Saved in:

Bibliographic Details
Main Author:	Abiodun, Eniola Anthony
Format:	Thesis
Language:	English
Published:	2016
Subjects:	H Social Sciences (General) HB Economic Theory HG Finance
Online Access:	http://ir.unimas.my/id/eprint/26241/1/Eniola%20Anthony%20Abiodun%20ft.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-unimas-ir.26241
record_format	uketd_dc
spelling	my-unimas-ir.262412023-08-30T02:14:21Z SME Firm Antecedents and Financing Sources in Nigeria 2016 Abiodun, Eniola Anthony H Social Sciences (General) HB Economic Theory HD Industries. Land use. Labor HG Finance The most common question that has attracted much attention among scholars and practitioners is why some SME finns perfonn better than others. To probe further, the perfonnance of SMEs, this dissertation focuses on the small and medium enterprises (SMEs) in Nigeria. In spite of the numerous literatures on this subject, there is a need to investigate the SME finn antecedents on the choice of sources of financing in the south-western region of Nigeria with the following objectives, finn-specific characteristics, financial literacy, borrowing costs, and entrepreneurial trait; moderated by entrepreneur-specific characteristics. Based on a thorough literature review and in line with the resource-based view, organisational capabilities and life cycle theories, the study framework was developed. The quantitative research design was adopted. Stratified random sampling was applied and 504 SMEs were selected. The survey instrument was a questionnaire distributed to the firm owners or finance directors or their designated officers. Analysis of the data was by descriptive and inferential statistics. PLS-SEM and multiple logistic regression were applied. The results confirmed a positive relationship between the independent variables and the dependent variable. Significantly, entrepreneurial characteristic only moderates the relationship between firm-specific characteristics and sources of financing. The survey recommended that entrepreneurs should adopt the medium of communication that would lower the perceived risk in financial transactions. Furthermore, human capital skills in decision-making, in relationship to financial attitude have a higher rank of significance to financial literacy. Also, SME firm should focus a great deal more on optimising their tangible and intangible assets to maximise their potential and to increase value along their chain of activities in enhancing financing. The implications of these findings for research and practice ar' discussed. Likewise, the limitations are presented and directions for future research are also suggested. Universiti Malaysia Sarawak (UNIMAS) 2016 Thesis http://ir.unimas.my/id/eprint/26241/ http://ir.unimas.my/id/eprint/26241/1/Eniola%20Anthony%20Abiodun%20ft.pdf text en validuser phd doctoral Universiti Malaysia Sarawak (UNIMAS) Faculty of Economic and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	H Social Sciences (General) HB Economic Theory H Social Sciences (General) HG Finance
spellingShingle	H Social Sciences (General) HB Economic Theory H Social Sciences (General) HG Finance Abiodun, Eniola Anthony SME Firm Antecedents and Financing Sources in Nigeria
description	The most common question that has attracted much attention among scholars and practitioners is why some SME finns perfonn better than others. To probe further, the perfonnance of SMEs, this dissertation focuses on the small and medium enterprises (SMEs) in Nigeria. In spite of the numerous literatures on this subject, there is a need to investigate the SME finn antecedents on the choice of sources of financing in the south-western region of Nigeria with the following objectives, finn-specific characteristics, financial literacy, borrowing costs, and entrepreneurial trait; moderated by entrepreneur-specific characteristics. Based on a thorough literature review and in line with the resource-based view, organisational capabilities and life cycle theories, the study framework was developed. The quantitative research design was adopted. Stratified random sampling was applied and 504 SMEs were selected. The survey instrument was a questionnaire distributed to the firm owners or finance directors or their designated officers. Analysis of the data was by descriptive and inferential statistics. PLS-SEM and multiple logistic regression were applied. The results confirmed a positive relationship between the independent variables and the dependent variable. Significantly, entrepreneurial characteristic only moderates the relationship between firm-specific characteristics and sources of financing. The survey recommended that entrepreneurs should adopt the medium of communication that would lower the perceived risk in financial transactions. Furthermore, human capital skills in decision-making, in relationship to financial attitude have a higher rank of significance to financial literacy. Also, SME firm should focus a great deal more on optimising their tangible and intangible assets to maximise their potential and to increase value along their chain of activities in enhancing financing. The implications of these findings for research and practice ar' discussed. Likewise, the limitations are presented and directions for future research are also suggested.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Abiodun, Eniola Anthony
author_facet	Abiodun, Eniola Anthony
author_sort	Abiodun, Eniola Anthony
title	SME Firm Antecedents and Financing Sources in Nigeria
title_short	SME Firm Antecedents and Financing Sources in Nigeria
title_full	SME Firm Antecedents and Financing Sources in Nigeria
title_fullStr	SME Firm Antecedents and Financing Sources in Nigeria
title_full_unstemmed	SME Firm Antecedents and Financing Sources in Nigeria
title_sort	sme firm antecedents and financing sources in nigeria
granting_institution	Universiti Malaysia Sarawak (UNIMAS)
granting_department	Faculty of Economic and Business
publishDate	2016
url	http://ir.unimas.my/id/eprint/26241/1/Eniola%20Anthony%20Abiodun%20ft.pdf
_version_	1783728307944030208

SME Firm Antecedents and Financing Sources in Nigeria

Similar Items