Staff View: Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility

Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility

The common factors determining Commercial banks’ lending to SMEs are internal and external factors. This study assessed the combined effect of these two factors that determine the commercial banks’ credit accessibility and SMEs’ growth in Nigeria. Data from 1990 to 2023 were used to evaluate the...

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Main Authors:	Abolaji Oladimeji, Odumesi, Timilehin Olasoji, Olubiyi, Kowo Solomon, Akpoviroro
Format:	Article
Language:	English English
Published:	INTI International University 2024
Subjects:	H Social Sciences (General) HD28 Management. Industrial Management HG Finance
Online Access:	http://eprints.intimal.edu.my/2036/1/jobss2024_12.pdf http://eprints.intimal.edu.my/2036/2/577 http://eprints.intimal.edu.my/2036/ http://ipublishing.intimal.edu.my/jobss.html
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id	my-inti-eprints.2036
record_format	eprints
spelling	my-inti-eprints.20362024-11-20T08:13:35Z http://eprints.intimal.edu.my/2036/ Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility Abolaji Oladimeji, Odumesi Timilehin Olasoji, Olubiyi Kowo Solomon, Akpoviroro H Social Sciences (General) HD28 Management. Industrial Management HG Finance The common factors determining Commercial banks’ lending to SMEs are internal and external factors. This study assessed the combined effect of these two factors that determine the commercial banks’ credit accessibility and SMEs’ growth in Nigeria. Data from 1990 to 2023 were used to evaluate the hypothesis. The outcome demonstrates that internal factors of commercial bank factors on credit accessibility to SMEs was 0.039110 and statistically significant at the 5% level (p-value = 0.0254). The outcome suggests that internal factors of commercial bank determinants on the availability of credit to SMEs play a significant impact in the expansion of SMEs in Nigeria. At the 5 percent level, the external influence of commercial banks on SMEs' access to credit was -0.014003 and statistically insignificant (p-value = 0.2757). The results will substantially aid in designing and implementing monetary policy with regard to the cash reserve requirement. It also conveys to SMEs the significance of cash reserve requirement in improving loan accessibility in Nigeria. As a result, the paper recommends that monetary policy be continually improved to favour SMEs because doing so will facilitate their expansion. INTI International University 2024-11 Article PeerReviewed text en cc_by_4 http://eprints.intimal.edu.my/2036/1/jobss2024_12.pdf text en cc_by_4 http://eprints.intimal.edu.my/2036/2/577 Abolaji Oladimeji, Odumesi and Timilehin Olasoji, Olubiyi and Kowo Solomon, Akpoviroro (2024) Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility. Journal of Business and Social Sciences, 2024 (12). pp. 1-19. ISSN 2805-5187 http://ipublishing.intimal.edu.my/jobss.html
institution	INTI International University
building	INTI Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	INTI International University
content_source	INTI Institutional Repository
url_provider	http://eprints.intimal.edu.my
language	English English
topic	H Social Sciences (General) HD28 Management. Industrial Management HG Finance
spellingShingle	H Social Sciences (General) HD28 Management. Industrial Management HG Finance Abolaji Oladimeji, Odumesi Timilehin Olasoji, Olubiyi Kowo Solomon, Akpoviroro Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility
description	The common factors determining Commercial banks’ lending to SMEs are internal and external factors. This study assessed the combined effect of these two factors that determine the commercial banks’ credit accessibility and SMEs’ growth in Nigeria. Data from 1990 to 2023 were used to evaluate the hypothesis. The outcome demonstrates that internal factors of commercial bank factors on credit accessibility to SMEs was 0.039110 and statistically significant at the 5% level (p-value = 0.0254). The outcome suggests that internal factors of commercial bank determinants on the availability of credit to SMEs play a significant impact in the expansion of SMEs in Nigeria. At the 5 percent level, the external influence of commercial banks on SMEs' access to credit was -0.014003 and statistically insignificant (p-value = 0.2757). The results will substantially aid in designing and implementing monetary policy with regard to the cash reserve requirement. It also conveys to SMEs the significance of cash reserve requirement in improving loan accessibility in Nigeria. As a result, the paper recommends that monetary policy be continually improved to favour SMEs because doing so will facilitate their expansion.
format	Article
author	Abolaji Oladimeji, Odumesi Timilehin Olasoji, Olubiyi Kowo Solomon, Akpoviroro
author_facet	Abolaji Oladimeji, Odumesi Timilehin Olasoji, Olubiyi Kowo Solomon, Akpoviroro
author_sort	Abolaji Oladimeji, Odumesi
title	Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility
title_short	Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility
title_full	Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility
title_fullStr	Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility
title_full_unstemmed	Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility
title_sort	potential of small and medium enterprises growth: role of internal and external factors of commercial banks’ credit accessibility
publisher	INTI International University
publishDate	2024
url	http://eprints.intimal.edu.my/2036/1/jobss2024_12.pdf http://eprints.intimal.edu.my/2036/2/577 http://eprints.intimal.edu.my/2036/ http://ipublishing.intimal.edu.my/jobss.html
_version_	1817849523861454848
score	13.223943

Potential of Small and Medium Enterprises Growth: Role of Internal and External Factors of Commercial Banks’ Credit Accessibility

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