Staff View: Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]

Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]

The study examined the financial literacy, access to finance, and financial performance of youth-led Small and Medium-sized Enterprises (SMEs) in Gulu City, Uganda. This research utilised self-administered questionnaires distributed to 213 youth-led SME management teams/owners. Multiple regression a...

Full description

Saved in:

Bibliographic Details
Main Authors:	Nyeko, Kizito Emmanuel, Voon, Mung Ling, Ngui, Kwang Sing, Lim, Tze Yin
Format:	Article
Language:	English
Published:	Universiti Teknologi MARA, Terengganu 2024
Subjects:	Personal finance. Financial literacy
Online Access:	https://ir.uitm.edu.my/id/eprint/108015/1/108015.pdf https://ir.uitm.edu.my/id/eprint/108015/ https://e-ajuitmct.uitm.edu.my/v3/
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my.uitm.ir.108015
record_format	eprints
spelling	my.uitm.ir.1080152024-12-18T00:41:19Z https://ir.uitm.edu.my/id/eprint/108015/ Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.] eaj Nyeko, Kizito Emmanuel Voon, Mung Ling Ngui, Kwang Sing Lim, Tze Yin Personal finance. Financial literacy The study examined the financial literacy, access to finance, and financial performance of youth-led Small and Medium-sized Enterprises (SMEs) in Gulu City, Uganda. This research utilised self-administered questionnaires distributed to 213 youth-led SME management teams/owners. Multiple regression analysis was employed to test the influence of financial literacy and access to finance on the financial performance of enterprises, considering characteristics specific to the youth owner/management teams and the unique features of youth-led SMEs. The findings indicated that financial literacy and access to finance both positively and significantly impact the financial performance of youth-led SMEs. Youth owner/management teams with strong financial literacy skills and access to finance are better equipped to understand enterprise-related business concepts and manage their investments, budgeting, debt management, savings, financial goals, and risk management, all of which contribute to the financial performance of their enterprises. Additionally, this study extended the current literature by providing empirical evidence that validates the Resource-Based View (RBV) theory from the perspective of enterprises in developing nations. The findings suggest that Government Ministries, Departments and Agencies (MDAs), academia, and business associations should proactively promote Public-Private Partnerships (PPPs) to create initiatives for skilling the youth through formal and informal education ensuring the sustainable financial performance of youth-led enterprises. Universiti Teknologi MARA, Terengganu 2024-11 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/108015/1/108015.pdf Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]. (2024) e-Academia Journal <https://ir.uitm.edu.my/view/publication/e-Academia_Journal/>, 13 (2). pp. 86-101. ISSN 2289 - 6589 https://e-ajuitmct.uitm.edu.my/v3/
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Personal finance. Financial literacy
spellingShingle	Personal finance. Financial literacy Nyeko, Kizito Emmanuel Voon, Mung Ling Ngui, Kwang Sing Lim, Tze Yin Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]
description	The study examined the financial literacy, access to finance, and financial performance of youth-led Small and Medium-sized Enterprises (SMEs) in Gulu City, Uganda. This research utilised self-administered questionnaires distributed to 213 youth-led SME management teams/owners. Multiple regression analysis was employed to test the influence of financial literacy and access to finance on the financial performance of enterprises, considering characteristics specific to the youth owner/management teams and the unique features of youth-led SMEs. The findings indicated that financial literacy and access to finance both positively and significantly impact the financial performance of youth-led SMEs. Youth owner/management teams with strong financial literacy skills and access to finance are better equipped to understand enterprise-related business concepts and manage their investments, budgeting, debt management, savings, financial goals, and risk management, all of which contribute to the financial performance of their enterprises. Additionally, this study extended the current literature by providing empirical evidence that validates the Resource-Based View (RBV) theory from the perspective of enterprises in developing nations. The findings suggest that Government Ministries, Departments and Agencies (MDAs), academia, and business associations should proactively promote Public-Private Partnerships (PPPs) to create initiatives for skilling the youth through formal and informal education ensuring the sustainable financial performance of youth-led enterprises.
format	Article
author	Nyeko, Kizito Emmanuel Voon, Mung Ling Ngui, Kwang Sing Lim, Tze Yin
author_facet	Nyeko, Kizito Emmanuel Voon, Mung Ling Ngui, Kwang Sing Lim, Tze Yin
author_sort	Nyeko, Kizito Emmanuel
title	Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]
title_short	Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]
title_full	Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]
title_fullStr	Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]
title_full_unstemmed	Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]
title_sort	financial literacy, access to finance and financial performance of youth-led small and medium-sized enterprises (smes): evidence from gulu city, uganda / kizito emmanuel nyeko ... [et al.]
publisher	Universiti Teknologi MARA, Terengganu
publishDate	2024
url	https://ir.uitm.edu.my/id/eprint/108015/1/108015.pdf https://ir.uitm.edu.my/id/eprint/108015/ https://e-ajuitmct.uitm.edu.my/v3/
_version_	1818838412027756544
score	13.223943

Financial literacy, access to finance and financial performance of youth-led Small and Medium-sized Enterprises (SMEs): evidence from Gulu City, Uganda / Kizito Emmanuel Nyeko ... [et al.]

Similar Items