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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...

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Main Author: Abiodun, Eniola Anthony
Format: Thesis
Language:English
Published: Universiti Malaysia Sarawak (UNIMAS) 2016
Subjects:
H Social Sciences (General)
HB Economic Theory
HD Industries. Land use. Labor
HG Finance
Online Access:http://ir.unimas.my/id/eprint/26241/1/Eniola%20Anthony%20Abiodun%20ft.pdf
http://ir.unimas.my/id/eprint/26241/
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spelling my.unimas.ir.262412023-08-30T02:14:21Z http://ir.unimas.my/id/eprint/26241/ SME Firm Antecedents and Financing Sources in Nigeria 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 NonPeerReviewed text en http://ir.unimas.my/id/eprint/26241/1/Eniola%20Anthony%20Abiodun%20ft.pdf Abiodun, Eniola Anthony (2016) SME Firm Antecedents and Financing Sources in Nigeria. PhD thesis, Universiti Malaysia Sarawak (UNIMAS).
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
HB Economic Theory
HD Industries. Land use. Labor
HG Finance
spellingShingle H Social Sciences (General)
HB Economic Theory
HD Industries. Land use. Labor
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
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
publisher Universiti Malaysia Sarawak (UNIMAS)
publishDate 2016
url http://ir.unimas.my/id/eprint/26241/1/Eniola%20Anthony%20Abiodun%20ft.pdf
http://ir.unimas.my/id/eprint/26241/
_version_ 1775627253138325504
score 13.211869

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