Article2013

The Evaluation of the Factors Influence the Access to Debt Financing by Tanzanian SMEs

31 citations0/0 files storedEuropean Journal of Business and Management

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Banking stability, regulation, efficiency Microfinance and Financial Inclusion Working Capital and Financial Performance

Abstract

The primary objective of this study was to test the determinants of factor(s) impacts access to debt financing by Small and Medium-sized Enterprises (SMEs). The research evaluates the extent on how the firm and the owner-manager factors impact upon the firms’ access to debt financing were evaluated. This study was conducted in 2012, based on a survey of 164 Tanzanian firms. The appropriateness and the support of the determinant factors impact SMEs’ access to external debt financing were empirically analyzed. The research design was quantitative in nature involving testing various hypotheses and theories about the associations between perceived constructs. Study results were then compared with factual indicator data subjected to multiple regression and correlation analysis. The results of the regression analysis comply with other researches conducted in previous studies in relation to factors impact access to debt financing. These empirical findings provide among the factors influence access of debt financing by SMEs in Tanzania include: firms management’s education, experiences of industry and business operations; furthermore, firm’s location, industry, size, age, incorporation, and availability of collateral and business information are noticeable factors that impact firm’s access to debt financing. The significances of the factors and their impacts have been addressed and reported in the study. Recommendations are made for owner-managers acquiring better management skills and qualifications to improve their managerial capabilities, experience and also, to adjust with financial institutions’ requirements for them to access debt finances effortlessly. For government, implementation of appropriate strategic planning, education, training and government support to the SME sector. Keywords: Debt financing, Firm characteristics, Owner-manager characteristic,; Small and Medium-sized Enterprises (SMEs), Tanzania

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 31 citations exist upstream.

References

2002Global Entrepreneurship Monitor 2002Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure 2006Entry regulation as a barrier to entrepreneurship 2003The financing of business start-ups 2004In-Kind Finance: A Theory of Trade Credit 2010Obstacles to the growth of new SMEs in South Africa: A principal component analysis approach 2004Market Institutions in Sub-Saharan Africa: Theory and Evidence 1992Sociology and Entrepreneurship: Concepts and Contributions

Cited by

2021Financial constraints and tax planning activity: empirical evidence from Ghanaian banking sector 2020Innovation community and content providers' new service development performance in technology-based service ecosystem 2024The Effects of Training on Employee Performance: A Case of Tanzania Police Headquarters

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.