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Articles 1 - 30 of 105
Full-Text Articles in Entire DC Network
Board Gender Diversity, Ceo Turnover, And Firm Performance In Entrepreneurial Firms, Matthew Imes, Mark West, Jessica West, Shan Yan
Board Gender Diversity, Ceo Turnover, And Firm Performance In Entrepreneurial Firms, Matthew Imes, Mark West, Jessica West, Shan Yan
The Journal of Entrepreneurial Finance
This article examines recent literature on corporate boards and the interplay between director gender and CEO turnover and how it affects firm performance after CEO turnover. The primary focus is board gender diversity and CEO job embeddedness in entrepreneurial firms. This article discusses gender diversity and the frequency of CEO turnover. This paper finds that board gender diversity is associated with lower CEO involuntary turnovers and better overall performance in entrepreneurial firms. The article highlights how board gender diversity, especially in small firms, provides a unique pathway to create firm value and examines recent evidence on how gender diverse board …
Measuring Female Factor In Determinants Of Entrepreneurship: Illustration By Case Of Côte D'Ivoire Through A Quasi-Experimental Ex-Post Approach, Salif Koné
The Journal of Entrepreneurial Finance
Purpose of this article is to find out whether determinants of women entrepreneurship are different from those of men’s entrepreneurship in general and specifically in Côte d’Ivoire. To do this, we conducted a quasi-experimental analysis using non-parametric and parametric approaches to survey data on a sample of 161 entrepreneurs in Côte d'Ivoire, 113 of whom were women and 48 men. Our survey was designed and conducted to neutralize the socio-demographic and conjunctural differences between men and women entrepreneurship in order to produce matched data. Our analysis shows that determinants of male and female entrepreneurship in Côte d'Ivoire are not fundamentally …
Alternative Sources Of Financing And The Sustainability Of Cameroonian Start-Ups, Félix Zogning, Mireille Bityé, Massoussi Ma Goued Samuel Emile
Alternative Sources Of Financing And The Sustainability Of Cameroonian Start-Ups, Félix Zogning, Mireille Bityé, Massoussi Ma Goued Samuel Emile
The Journal of Entrepreneurial Finance
The objective of the paper is to assess the contribution of alternative sources of financing to the survival of SMIs through an analysis of start-ups in Cameroon. Our study employs a qualitative multisite case study methodology. Data was collected from both documentary and primary sources. For the primary data, we conducted semidirected interviews with five start-ups operating in four fields of activity (agriculture, health, finance and ICTs) to assess in depth the behaviour of various promoters who have received alternative financing at least once. The results of our manual and automated analysis led to two major findings: firstly, it is …
Governmental Venture Capital – A Social Capital And Principal-Agent Related Examination For Belgium, The Netherlands, Luxembourg, Austria And Germany, Christian Schlamp
Governmental Venture Capital – A Social Capital And Principal-Agent Related Examination For Belgium, The Netherlands, Luxembourg, Austria And Germany, Christian Schlamp
The Journal of Entrepreneurial Finance
The underlying research study was concerned with public venture capital which is grounded in the assumption of market failure and financing gaps (Güllmann 2000; Brettel 2005) and associated with the risk of crowding-out (Colombo et al. 2016). In order to expand the research perspective and to shed new light on the public investors, this project was concerned with their strategy, with their social networks, their syndication rationales, their monitoring and mentoring in turnaround situations and their exit routes between 2015 and 2017. 67 governmental investors in Belgium, The Netherlands, Luxembourg, Austria and Germany were invited to participate in a fully …
Survive And Thrive: An Exploration Of Methods Implemented By Small Businesses In The Construction Industry To Sustain Their Business Beyond 5 Years, Tamar Barsoumian
Survive And Thrive: An Exploration Of Methods Implemented By Small Businesses In The Construction Industry To Sustain Their Business Beyond 5 Years, Tamar Barsoumian
Theses and Dissertations
Small businesses represent an influential portion of the American economy yet retain a high rate of closure especially in their early years, therefore; this study sought to address a lack of available research regarding small businesses in the construction industry, by investigating the methods and strategies existing small business owners use to support business survivability, in the regionally specific area of Southern California. The purpose of this study was to investigate strategies used by existing construction industry small businesses, identify the challenges experienced as a construction industry small business organization in Southern California, and determine how the small business owners …
Social Capital, Firm Performance, Operating Business Environment, Salome Kanini Kaberia, Stephen M. Muathe Dr., Hannah Bula
Social Capital, Firm Performance, Operating Business Environment, Salome Kanini Kaberia, Stephen M. Muathe Dr., Hannah Bula
The Journal of Entrepreneurial Finance
Globally, manufacturing sector is recognized as a key driver of economic development. Kenya’s manufacturing sector has been no exception; with a contribution of 10% to gross domestic product for the duration 2008 to 2014. However, records reveal that in 2017, 2018 and 2019, the contribution deteriorated to 8.4%, 7.7% and 7.54% respectively, suggesting a possible premature de-industrialization. Should this trend persist, Kenya’s goal of achieving a robust manufacturing sector through the Big Four Agenda may not be achieved. While the government has implemented strategies and interventions to boost the sector, these do not seem to reverse the trend. It is …
An Analysis Of Selling Concessions, Reallowance Fees, And Price Changes In The Marketing Of Ipos, James C. Brau, Joseph J. Henry
An Analysis Of Selling Concessions, Reallowance Fees, And Price Changes In The Marketing Of Ipos, James C. Brau, Joseph J. Henry
The Journal of Entrepreneurial Finance
This paper provides an economic model resulting in two distinct marketing strategies available to investment bankers. First, we hypothesize that an increased selling effort by brokers is used most effectively when the investment clientele is uninformed. Second, adjusting the offer price of the issue is hypothesized to be employed primarily in large IPOs with a clientele of sophisticated investors, consistent with Shiller’s Impresario Hypothesis. Our pre-IPO bubble (1981-1996) empirical results yield evidence supporting both selling mechanisms. Under-demanded small IPO issues are ‘pushed’ by the brokers, while some under-demanded large IPO issues instead increase the offer price, with large first-day turnover …
The Impact Of Entrepreneurship Education On The Entrepreneurial Intention Of Students At The International University Of Excellence In Mali: An Exploratory Study, Boubacar Sanogo, Oumar Bah, Amara Nimaga
The Impact Of Entrepreneurship Education On The Entrepreneurial Intention Of Students At The International University Of Excellence In Mali: An Exploratory Study, Boubacar Sanogo, Oumar Bah, Amara Nimaga
The Journal of Entrepreneurial Finance
This paper is research devoted to the self-employment of students of the International University of Excellence of Bamako through the teaching of entrepreneurship as a factor in the development of entrepreneurial intention among students in training. This choice is explained by several factors: the State's recruitment capacities in the public service are limited; the modern private sector which constitutes the natural outlet for young graduates is not in a position to offer employment for the many promotions of students trained annually who constitute thousands of people who increase the non-working population. It is becoming necessary to put in place systems …
Theme: Explanatory Factors Of The Entrepreneurial Intention Of University Students In Mali, Ousmane Mariko, Mahamadi Gaba
Theme: Explanatory Factors Of The Entrepreneurial Intention Of University Students In Mali, Ousmane Mariko, Mahamadi Gaba
The Journal of Entrepreneurial Finance
Graduate unemployment remains a concern for many African countries. However, in recent years there has been a growing interest in entrepreneurship among young people. The objective of this research is to study the entrepreneurial motivation of young graduates. Through primary data collected from students of the FSEG's entrepreneurial bachelor's degree programme and using a multiple linear regression model, it was found that: attitudes associated with behaviours have a positive and significant impact on the decision to become an entrepreneur. Social norms are determining factors in the explanation of entrepreneurial intention and finally, factors associated with perceived control contribute significantly to …
Determinants Of The Adoption Of Islamic Finance By Cameroonian Smes: Case Study From A Psycho-Sociological Characteristics Of Managers, Jérôme Gonne, Yaouba Mohamadou
Determinants Of The Adoption Of Islamic Finance By Cameroonian Smes: Case Study From A Psycho-Sociological Characteristics Of Managers, Jérôme Gonne, Yaouba Mohamadou
The Journal of Entrepreneurial Finance
Small and Medium-Sized Enterprises (SMEs) today form the backbone of the African economy in general and Cameroon in particular. However, Cameroonian SMEs encounter many difficulties, one of the most important is the access to so-called conventional financing. Faced with this situation, some of them will seek alternative means such as Islamic finance. Despite its development over the past two decades, Islamic finance is struggling to find a place in the financial decisions of Cameroonian SMEs’ Managers. This study aims at highlighting the psycho-sociological characteristics of policymakers in directing their decision towards the Islamic finance product. Data collected from a sample …
Financial Inclusion And Gender Income Inequalities In Informal Entrepreneurship: The Case Of Cameroon, Faustine Kede Ndouna, Félix Zogning
Financial Inclusion And Gender Income Inequalities In Informal Entrepreneurship: The Case Of Cameroon, Faustine Kede Ndouna, Félix Zogning
The Journal of Entrepreneurial Finance
The purpose of this study is to analyze the effect of access to different financial products in reducing income inequalities between men and women working in the informal sector in Cameroon. To this end, we use the World Bank database World Bank Global Financial Inclusion (Global Findex) dataset 2018 to assess the evolution of access to financial services through a descriptive analysis and the fourth Cameroonian survey conducted by the National Institute of Statistics in 2014 to estimate a probit model and a Fairlie decomposition model. Empirical results suggest that indeed, income inequality between the sexes continues to increase in …
Effects Of Access To Credit On The Performance Of Smes In The Congo, Fabrice-Gilles Ndombi Avouba
Effects Of Access To Credit On The Performance Of Smes In The Congo, Fabrice-Gilles Ndombi Avouba
The Journal of Entrepreneurial Finance
This paper proposes to analyze the effects of access to credit on the performance of SMEs in Congo. To this end, we used the theoretical model developed by Stiglitz and Weiss (1981). From an econometric point of view, we estimated a multiple linear regression model using the ordinary least square technique due to the absence of endogeneity. This application, as well as the statistical and econometric analyses that followed, were carried out using microeconomic data from the survey of very small, small, medium-sized enterprises and artisans in the Congo, which was carried out thanks to the multiple contributions of the …
Psychological Profile Of The Leader And Investment Decision Practice Of The Small And Medium-Sized Enterprise (Sme) In The Context Of The Covid-19 Crisis In Ivory Coast, Bassife Ouattara
The Journal of Entrepreneurial Finance
This article examines the different investment decision practices of the leader of small and medium-sized enterprises (SMEs) during the COVID-19 health crisis and highlights the influence of the leader's psychological profile on these practices. Thus, primary data was collected from the interview guide and questionnaires submitted to 112 executives. The results obtained through the tests indicate the existence of a direct link (significant influence) between certain psychological profiles of the leader and investment decision-making practices in times of crisis.
The Impact Of Financial Crisis On Mfis Performance In Zimbabwe, Patience Hlupo Ms, Tafadzwa Mukute Mr, Tough Chinoda Ph.D., Edson Chagwedera Mr
The Impact Of Financial Crisis On Mfis Performance In Zimbabwe, Patience Hlupo Ms, Tafadzwa Mukute Mr, Tough Chinoda Ph.D., Edson Chagwedera Mr
The Journal of Entrepreneurial Finance
Our study explores the impact financial crisis has on performance of microfinance institutions in Zimbabwe employing the Vector Autoregression using annual time series data from 1990 to 2018. The findings from our study revealed a positive impact of financial crisis on performance of Microfinance Institutions. We also found a positive effect of gross domestic product, money supply, the first lag of inflation and exchange rates on microfinance institutions performance while the second lag of inflation has a negative effect. Variance decomposition results reveal an increasing long run positive effect of financial crisis on performance is increasing. From impulse response analysis, …
Employee-Friendly Practices And Innovation, Saeyoung Chang, Hoje Jo, Jo-Ellen Pozner
Employee-Friendly Practices And Innovation, Saeyoung Chang, Hoje Jo, Jo-Ellen Pozner
The Journal of Entrepreneurial Finance
We examine the inter-relationships among employee-friendly policies (EFP), innovation through R&D investment, and firm value. We hypothesize that firms with higher levels of innovation and entrepreneurial spirit are more likely to utilize EFP. Furthermore, we speculate that the value-EFP association is more pronounced in firms with high R&D intensity. Consistent with these assertions, we find that EFP is significantly and positively related to R&D investment and the number of patents. EFP is also associated with increased firm value at high levels of R&D investment and high numbers of patents. Furthermore, we find that firms investing more in R&D are more …
Microfinance Services And Government Regulations: Reflections On Performance Of Small Holder Coffee Entrepreneurs In Uganda, Mary Juliet Nakabugo, Stephen Muathe, Evans Mwasiaji
Microfinance Services And Government Regulations: Reflections On Performance Of Small Holder Coffee Entrepreneurs In Uganda, Mary Juliet Nakabugo, Stephen Muathe, Evans Mwasiaji
The Journal of Entrepreneurial Finance
Small-scale enterprises are lauded around the world for their contribution to economic development. Resources and capabilities play an important role as accelerators of entrepreneurial activity and also increase enterprise performance. This research strived to understand how Microfinance services affect the performance of smallholder coffee entrepreneurs but also examine government regulations as a moderating variable for the association between microfinance and the performance of smallholder coffee entrepreneurs. The study was guided by the resource-based view supported by dynamic capability and contingency theories. Data on 400 Ugandan coffee entrepreneurs was gathered and statistically tested using a multiple linear regression model. Study scores …
The Impact Of Assets Structure And The Components Of Cash Conversion Cycle On The Egyptian Smes Financial Failure Predictability, Dr. Hassan Mounir El-Sady, Hatem Ahmed, Dr. Hosny Hamdy
The Impact Of Assets Structure And The Components Of Cash Conversion Cycle On The Egyptian Smes Financial Failure Predictability, Dr. Hassan Mounir El-Sady, Hatem Ahmed, Dr. Hosny Hamdy
The Journal of Entrepreneurial Finance
This study investigates determinants of Egyptian SMEs financial failure predictability based on a sample of 32 failure SMEs and 28 non-failure SMEs for the period 2013 and 2019. The determinants of SMEs financial failure are categorized into four groups; Working Capital, Asset Structure, Liquidity, and Leverage. The factor and logistic regression analysis are employed to identify the most significant independent variables that classify between failure and none-failure Egyptian’s SMEs and determine the driver of SMEs financial failure. Our findings significantly show that failing SMEs suffer from long cash conversion cycles resulting from long inventory holding period, average collection period, and …
When The Social Networks And Internet Come To The Rescue Of Entrepreneurs: The Problematic Of Crowdfunding In Africa, Omenguele Rene Guy, Mbouolang Yimpi Cedric
When The Social Networks And Internet Come To The Rescue Of Entrepreneurs: The Problematic Of Crowdfunding In Africa, Omenguele Rene Guy, Mbouolang Yimpi Cedric
The Journal of Entrepreneurial Finance
Since 2007, crowdfunding platforms have abounded on the web. It is estimated at 2.5 billion dollars the potential of the crowdfunding market in sub-Saharan Africa by 2025. The objective of this paper is to make an inventory of Crowdfunding activities in Africa, region with a most restrictive access to bank loan by SMEs, start-ups and young entrepreneurs. It appears from the economic and socio-cultural realities that Africa is a region with more potential catalyst for crowdfunding industry takeoff. However, there are many factors which are presented in this study as potential inhibitors of African CF market competiveness. This study has …
Determinants Of Loan Repayment Performance Of Micro And Small Enterprises: Empirical Evidence From Somali Regional State, Ethiopia, Yitbarek Weldegerima Kiros Mr.
Determinants Of Loan Repayment Performance Of Micro And Small Enterprises: Empirical Evidence From Somali Regional State, Ethiopia, Yitbarek Weldegerima Kiros Mr.
The Journal of Entrepreneurial Finance
Microfinance Institutions (MFIs) were introduced to reach a large number of active poor people who are excluded from the formal financial institutions due to rigorous collateral requirements. As an instrument of MFIs, Microfinance was introduced to address the financial need of the active poor people. To operate successfully MFIs have to unquestionable ensure that the loan expended to the Micro and Small Enterprises (MSEs) have to be repaid back so as he MFIs can have a financially sustainable and viable operation. In light of this, this research study was conducted to analyze the factors affecting loan repayment of MSEs financed …
Islamic Profit And Loss Sharing Contracting Versus Regular Equity In Entrepreneurial Finance: Risk Sharing And Managerial Incentives, Abdulali Hadizada, Peter Nippel
Islamic Profit And Loss Sharing Contracting Versus Regular Equity In Entrepreneurial Finance: Risk Sharing And Managerial Incentives, Abdulali Hadizada, Peter Nippel
The Journal of Entrepreneurial Finance
An entrepreneur shares business risk with the investors providing capital for her firm. Risk sharing is per se beneficial, but also results in an agency problem from diminished incentives for the entrepreneur. This classical trade-off depends on the financial contracting between the entrepreneur and the financier. As an alternative to debt or equity, we consider musharaka financing, an Islamic profit and loss sharing contract. First, we show that debt is inferior to equity or musharaka even though debt financing ensures first best efforts in our model. Whether financing with equity or by use of musharaka results in higher utility for …
Entrepreneurial Ecosystems And Industry Knowledge: Does The Winning Region Take All?, Yating Li, Martin Kenney, Donald Patton, Abraham Song
Entrepreneurial Ecosystems And Industry Knowledge: Does The Winning Region Take All?, Yating Li, Martin Kenney, Donald Patton, Abraham Song
All Faculty Open Access Publications
Entrepreneurial ecosystems (EE) are composed not only of startups but also the organizations that support them. Theory has been ambivalent about whether an EE is spatially bounded or includes distant organizations. This exploratory study uses a time series of all Internet industry initial public offerings (IPO) to explore the locational changes not only of startups but also four key EE service providers: lawyers, investment bankers, venture capitalists, and board directors. We find that while the startups became only slightly more concentrated, the EE service providers concentrated more rapidly, as an industry center in Silicon Valley emerged. Our results suggest that …
About Her Business: The Making Of The Black Female Entrepreneur, Selina Steward
About Her Business: The Making Of The Black Female Entrepreneur, Selina Steward
Theses and Dissertations
This qualitative research explored the lived experiences of Black women in the United States who have managed to establish and sustain successful businesses. This research seeks to explore the vicissitudes and challenges of Black female entrepreneurship, as well as the strategies employed by Black women to achieve successful business ownership. The researcher interviewed 15 Black businesswomen with intimate knowledge of the phenomenon of interest using a purposive sample technique. Employing a phenomenological approach and semi-structured interview questions, this study uncovered connections between previously identified challenges in the literature and recommendations for the next generation of Black female entrepreneurs. Learning from …
Sme’S Cost Of Debt: A Meta-Analysis Of Borrower, Creditor And Financial Statement Verification Attributes, Thomas R. Loy, Stefan Mohrmann
Sme’S Cost Of Debt: A Meta-Analysis Of Borrower, Creditor And Financial Statement Verification Attributes, Thomas R. Loy, Stefan Mohrmann
The Journal of Entrepreneurial Finance
Private firm financing, given the far-reaching importance of non-publicly traded companies for global output and employment, is still a relatively underexplored area. Since the seminal work of Petersen and Rajan (1994), only a small branch of research into private firms’ cost of debt has been established. We aggregate the full body of this research that has empirically investigated antecedents of private firms’ cost of debt in a meta-analysis. The foremost antecedents can be categorized into either borrower, creditor or financial statement verification attributes. Our results reveal a set of 11 highly significant and robust determinants.
Entrepreneurial Investment Evaluation Decision-Making: A Focus On Venture Capitalists, Business Angels And Early-Stage Entrepreneurs In South Africa, Boris Urban, Marco Antonio Moreno
Entrepreneurial Investment Evaluation Decision-Making: A Focus On Venture Capitalists, Business Angels And Early-Stage Entrepreneurs In South Africa, Boris Urban, Marco Antonio Moreno
The Journal of Entrepreneurial Finance
Business angels (BAs) and venture capitalists (VCs) are important sources of finance for entrepreneurs in emerging markets for raising start-up and growth capital. Recognising that entrepreneurial investment evaluation decision-making is a highly complex process, and that there are limited studies focused on evaluation criteria used by both BAs and VCs’, this article undertakes an empirical investigation by identifying, classifying and statistically testing the rank importance of investment criteria in South Africa from an early-stage entrepreneurial perspective. Results indicate that the rank importance for the different investment criteria is relatively similar for VCs and BAs, and the only ranking difference observed …
Beyond The Green Iron Cage: Exploring The Macro And Micro-Level Influences On Executive Decisions About Sustainability Investments In Small And Medium Size Firms, Igor Estraykh
Theses and Dissertations
Although research on corporate environmental sustainability has shed light on different aspects of organizational and individual level factors that influence corporate decisions, it does not fully account for how individual executives within firms react to these forces and make decisions, specifically within small to medium size enterprises (SMEs). This study used a grounded theory approach to interview 19 SME executives from 13 different industries to explore how organizational and individual level factors influence their ability to evaluate and make decisions related to sustainability initiatives. The study found that SME executives faced isomorphic pressures for sustainability, individual agency pressures, significant resource …
Financial Empowerment And Entrepreneurial Venture Creation Among Ngos’ Beneficiaries In Kwara State, Nigeria: An Empirical Investigation, Onaopemipo Adetoro Eletta, Mercy Modupe Adeyeye, Ademola Samuel Sajuyigbe
Financial Empowerment And Entrepreneurial Venture Creation Among Ngos’ Beneficiaries In Kwara State, Nigeria: An Empirical Investigation, Onaopemipo Adetoro Eletta, Mercy Modupe Adeyeye, Ademola Samuel Sajuyigbe
The Journal of Entrepreneurial Finance
The NGOs place much emphasis on the provision of diverse relevant training, counseling, mentoring, and financial empowerment in cash and equipment grants, loans, and subsidies that made little or no impact on the lives of beneficiaries and the economy. Hence, this study examined the impact of financial empowerment and entrepreneurial venture creation among NGO beneficiaries in Kwara State, Nigeria. A survey was carried out employing the simple random sampling technique to select 358 respondents from a total of 5,354 sampling frames of NGOs’ beneficiaries in Kwara State. Data analysis was performed using descriptive and inferential statistics. The results indicated that …
Ownership Concentration Dynamic Trade Off Theory And Debt Funding Of Business Start-Up, Hedia Fourati
Ownership Concentration Dynamic Trade Off Theory And Debt Funding Of Business Start-Up, Hedia Fourati
The Journal of Entrepreneurial Finance
This paper examines the dynamics of financial in presence of ownership concentration of newly created firms. Our objective is to test the empirical role of the trade-off theory to explain the financial behaviour of business start-up. We use a sample of 114 business start-ups and we use the panel data estimation over the period 2006-2010. Our results show that start-up firms adjust slowly to target ratio for first years of operation. Ownership dispersion accelerates adjustment to debt funding. Asset tangibility remains the main determinants of debts funding for business start-up.
Financial Strategies For Long-Term Success In Women-Owned Small Businesses, Melissa R. Dyer
Financial Strategies For Long-Term Success In Women-Owned Small Businesses, Melissa R. Dyer
The Journal of Entrepreneurial Finance
Failure of small businesses many times is because of poor implementation of long-term financial strategies. Women small business owners face many challenges in financing their small businesses because they may not have a financial plan. Interviews with 11 women small business owners in Cleveland County, North Carolina were completed to discuss ways to fund and sustain their small business. The success of women small business owners can strengthen the local economy by stimulating economic growth, increase the quality of life for the owner and their family, and can improve the standard of living in their community.
Effects Of Microfinance Bank Credit On Small And Medium Scale Businesses: Evidence From Alimosho Lga, Lagos State., Charles Onyeiwu Ph.D, Obumneke Bob Muoneke, Adekunle M. Abayomi
Effects Of Microfinance Bank Credit On Small And Medium Scale Businesses: Evidence From Alimosho Lga, Lagos State., Charles Onyeiwu Ph.D, Obumneke Bob Muoneke, Adekunle M. Abayomi
The Journal of Entrepreneurial Finance
The purpose of this research is to examine the impact of microfinance bank credit and its debt servicing on the profitability of SMEs in Alimosho Local Government Area, Lagos State, Nigeria. A survey was carried out involving 387 SMEs in Alimosho LGA, Lagos State and information was extracted using a well-structured questionnaire to answer research hypotheses raised. Evidence from the simple linear regression outputs of SPSS v.25 shows that that MFBs loans and MFBs loans debt service deteriorates significantly the profitability of selected SMEs in the Alimosho local government area of Lagos state. Policy recommendations to the Federal Government, commercial …
Financing Of Small And Medium Scale Enterprises And Its Growth Impact In Nigeria., Charles Onyeiwu Ph.D, Obumneke Bob Muoneke, Udo Nkoyo
Financing Of Small And Medium Scale Enterprises And Its Growth Impact In Nigeria., Charles Onyeiwu Ph.D, Obumneke Bob Muoneke, Udo Nkoyo
The Journal of Entrepreneurial Finance
Abstract: We examined the extent to which SMEs financing influenced economic growth in Nigeria through the use of time-series data from 1999-2018. After a literature search, other factors possessing the potential to influence the dependent variable ASGDP was added to the research model. Relying on Ordinary Least Squares estimation using E-views 10.0, findings shows that lending rate reduces ASGDP by 7% and gross capital formation reduces ASGDP by 5%. On the other hand, surprisingly, credit to SMEs did not retain the massive effect on growth as seen in previous studies. We can attribute this to our choice of adopting SME …