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Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan

Micro, Small and Medium-sized Enterprises (MSME) have been the lifeblood of economies across the globe, as they play a pivotal role in steering economic growth, nurturing modernisation, and creating employment opportunities. They rely on financial resources like any business model; such financial re...

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Main Author: Bilal, Ahmad
Format: Thesis
Language:English
English
Published: 2024
Online Access:http://ur.aeu.edu.my/1239/1/Thesis%20Bilal%20Ahmad.pdf
http://ur.aeu.edu.my/1239/2/Thesis%20Bilal%20Ahmad-1-24.pdf
http://ur.aeu.edu.my/1239/
https://online.fliphtml5.com/sppgg/oytu/#p=1
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spelling my-aeu-eprints.12392024-12-24T07:04:04Z http://ur.aeu.edu.my/1239/ Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan Bilal, Ahmad Micro, Small and Medium-sized Enterprises (MSME) have been the lifeblood of economies across the globe, as they play a pivotal role in steering economic growth, nurturing modernisation, and creating employment opportunities. They rely on financial resources like any business model; such financial resources could be in the form of Financial Services and / or Non-Financial Services (NFS). Research has shown that Financial Services play a crucial role in promoting the influence of SMEs on economic growth, entrepreneurship, and job creation. Additionally, NFS has been studied in conjunction with Financial Services, and their combination has further enhanced the impact of SMEs on both national and global economies. Nonetheless,developing economies such as Pakistan lack organised data or research that could be helpful for policy and practice, except for some research on financial services. Thus, this study has been deployed to assess the combined impact of financial and non-financial services on performance, using business survival, profitability, and job creation by the MSMEs. With a cross-sectional design, the exploratory study employed primary data from survey questionnaires from 400 MSMEs. This study was set in Punjab and focused on the province’s central region. Data was analysed using SPSS and SmartPLS. Results revealed that financial services individually had a positive and significant impact on survival, profitability, and employability, while this positive impact was amplified when non-financial services were added to the equation. In conclusion, NFSs are as important as financial services for the overall performance of MSMEs, particularly for developing economies like Pakistan. 2024 Thesis NonPeerReviewed text en http://ur.aeu.edu.my/1239/1/Thesis%20Bilal%20Ahmad.pdf text en http://ur.aeu.edu.my/1239/2/Thesis%20Bilal%20Ahmad-1-24.pdf Bilal, Ahmad (2024) Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan. Doctoral thesis, Asia e University. https://online.fliphtml5.com/sppgg/oytu/#p=1
institution Asia e University
building AEU Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Asia e University
content_source AEU University Repository
url_provider http://ur.aeu.edu.my/
language English
English
description Micro, Small and Medium-sized Enterprises (MSME) have been the lifeblood of economies across the globe, as they play a pivotal role in steering economic growth, nurturing modernisation, and creating employment opportunities. They rely on financial resources like any business model; such financial resources could be in the form of Financial Services and / or Non-Financial Services (NFS). Research has shown that Financial Services play a crucial role in promoting the influence of SMEs on economic growth, entrepreneurship, and job creation. Additionally, NFS has been studied in conjunction with Financial Services, and their combination has further enhanced the impact of SMEs on both national and global economies. Nonetheless,developing economies such as Pakistan lack organised data or research that could be helpful for policy and practice, except for some research on financial services. Thus, this study has been deployed to assess the combined impact of financial and non-financial services on performance, using business survival, profitability, and job creation by the MSMEs. With a cross-sectional design, the exploratory study employed primary data from survey questionnaires from 400 MSMEs. This study was set in Punjab and focused on the province’s central region. Data was analysed using SPSS and SmartPLS. Results revealed that financial services individually had a positive and significant impact on survival, profitability, and employability, while this positive impact was amplified when non-financial services were added to the equation. In conclusion, NFSs are as important as financial services for the overall performance of MSMEs, particularly for developing economies like Pakistan.
format Thesis
author Bilal, Ahmad
spellingShingle Bilal, Ahmad
Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan
author_facet Bilal, Ahmad
author_sort Bilal, Ahmad
title Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan
title_short Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan
title_full Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan
title_fullStr Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan
title_full_unstemmed Impact of Financial and Non-Financial Services on the Performance of Micro, Small and Medium Enterprises in Punjab,Pakistan
title_sort impact of financial and non-financial services on the performance of micro, small and medium enterprises in punjab,pakistan
publishDate 2024
url http://ur.aeu.edu.my/1239/1/Thesis%20Bilal%20Ahmad.pdf
http://ur.aeu.edu.my/1239/2/Thesis%20Bilal%20Ahmad-1-24.pdf
http://ur.aeu.edu.my/1239/
https://online.fliphtml5.com/sppgg/oytu/#p=1
_version_ 1819915210168729600
score 13.244413

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