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Full-Text Articles in Business

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 Jul 2021

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 Jul 2021

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 Jul 2021

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 Feb 2021

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 Feb 2021

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 …