An investigation into credit accessibility for small and medium scale enterprise in construction industry of Gauteng province in South Africa : literature review
- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Agumba, Justus Ngala, Aigbavboa, Clinton, Thwala, Wellington Didibhuku
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus Ngala , Aigbavboa, Clinton , Thwala, Wellington Didibhuku
- Date: 2017
- Subjects: Credit accessibility , Small and medium construction enterprise , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/243782 , uj:25200 , Citation: Balogun, O.A. et al. 2017. An investigation into credit accessibility for small and medium scale enterprise in construction industry of Gauteng province in South Africa : literature review.
- Description: Abstract: This paper focuses on determining the socio-economic and demographic factors that predict credit accessibility from financial institutions (banks) in South Africa. Data was obtained through, questionnaire survey from 179 small and medium enterprises (SMCEs) who were conveniently sampled. The questionnaire was developed from literature review. The socioeconomic and demographic determinants predicting credit accessibility were identified. The data was analysed using statistical package for the social sciences (SPSS) version 22.The results indicate that credit was predicted by age group, current position in the organization, tax number and location. The gender of the respondent, type of business ownership and collateral (security). This study informs SMCEs owners and managers to provide, their age, current position in the organization when applying for credit. Furthermore, they should provide the tax number and the location of the business in order for them to obtain credit from banks.
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus Ngala , Aigbavboa, Clinton , Thwala, Wellington Didibhuku
- Date: 2017
- Subjects: Credit accessibility , Small and medium construction enterprise , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/243782 , uj:25200 , Citation: Balogun, O.A. et al. 2017. An investigation into credit accessibility for small and medium scale enterprise in construction industry of Gauteng province in South Africa : literature review.
- Description: Abstract: This paper focuses on determining the socio-economic and demographic factors that predict credit accessibility from financial institutions (banks) in South Africa. Data was obtained through, questionnaire survey from 179 small and medium enterprises (SMCEs) who were conveniently sampled. The questionnaire was developed from literature review. The socioeconomic and demographic determinants predicting credit accessibility were identified. The data was analysed using statistical package for the social sciences (SPSS) version 22.The results indicate that credit was predicted by age group, current position in the organization, tax number and location. The gender of the respondent, type of business ownership and collateral (security). This study informs SMCEs owners and managers to provide, their age, current position in the organization when applying for credit. Furthermore, they should provide the tax number and the location of the business in order for them to obtain credit from banks.
- Full Text:
Analysis of credit rationing among construction enterprises SMEs within financial institutions : a case of Gauteng Province in South Africa
- Balogun, Olanrewaju Abdul, Agumba, Justus Ngala, Ansary, Nazeem
- Authors: Balogun, Olanrewaju Abdul , Agumba, Justus Ngala , Ansary, Nazeem
- Date: 2017
- Subjects: Construction , Enterprises (SMEs) , Financial Institutions
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/244797 , uj:25318 , Citation: Balogun, O.A., Agumba, J.N. & Ansary, N. 2017. Analysis of credit rationing among construction enterprises SMEs within financial institutions : a case of Gauteng Province in South Africa.
- Description: Abstract: Economic diversification is a key policy goal for the Government of South Africa. SMEs offer a feasible option towards the actualization of this goal. The expansion of construction SMEs in South Africa, however is constrained by lack of access to bank credit. This constrained access to credit is argued in the literature to be due to the credit rationing behavior of banks emanating from asymmetric information in credit markets. Constrained access to credit stifles the growth potential of this vibrant sector which is increasingly generating employment opportunities especially for young enterprises. Department of Trade and Industry (DTI, 2007). This study therefore investigated the factors that influence the credit rationing behavior of banks towards SMEs. A deductive methodological approach was used to examine this problem. The structured survey questionnaire was administered to 179 construction small and medium organizations to elicit relevant data about their credit rationing. Binary logistic regression was applied to determine the influence of demographic variables on credit rationing. The statistical package for social science version 22 was used.The study findings suggest that the experience of SMEs reduces their probability of being credit rationed by banks. From the bank perspective the experience of SMEs is determined from their ability to keep proper financial statements, the performance of their bank accounts with the banks, and their ability to make profits. This calls for capacity building of SMEs in areas of business management (including financial record keeping) if they are to be rated as credit worthy borrowers by the banks. From the SMEs perspective, there is need for banks to improve their efficiency in terms of reduction of loan processing time and cost of borrowing (i.e. interest rate). This will improve access to bank credit by the construction SMEs and promote their growth thereby stimulating economic diversification, employment creation opportunities, and poverty reduction in line with South African Vision 2020
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Agumba, Justus Ngala , Ansary, Nazeem
- Date: 2017
- Subjects: Construction , Enterprises (SMEs) , Financial Institutions
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/244797 , uj:25318 , Citation: Balogun, O.A., Agumba, J.N. & Ansary, N. 2017. Analysis of credit rationing among construction enterprises SMEs within financial institutions : a case of Gauteng Province in South Africa.
- Description: Abstract: Economic diversification is a key policy goal for the Government of South Africa. SMEs offer a feasible option towards the actualization of this goal. The expansion of construction SMEs in South Africa, however is constrained by lack of access to bank credit. This constrained access to credit is argued in the literature to be due to the credit rationing behavior of banks emanating from asymmetric information in credit markets. Constrained access to credit stifles the growth potential of this vibrant sector which is increasingly generating employment opportunities especially for young enterprises. Department of Trade and Industry (DTI, 2007). This study therefore investigated the factors that influence the credit rationing behavior of banks towards SMEs. A deductive methodological approach was used to examine this problem. The structured survey questionnaire was administered to 179 construction small and medium organizations to elicit relevant data about their credit rationing. Binary logistic regression was applied to determine the influence of demographic variables on credit rationing. The statistical package for social science version 22 was used.The study findings suggest that the experience of SMEs reduces their probability of being credit rationed by banks. From the bank perspective the experience of SMEs is determined from their ability to keep proper financial statements, the performance of their bank accounts with the banks, and their ability to make profits. This calls for capacity building of SMEs in areas of business management (including financial record keeping) if they are to be rated as credit worthy borrowers by the banks. From the SMEs perspective, there is need for banks to improve their efficiency in terms of reduction of loan processing time and cost of borrowing (i.e. interest rate). This will improve access to bank credit by the construction SMEs and promote their growth thereby stimulating economic diversification, employment creation opportunities, and poverty reduction in line with South African Vision 2020
- Full Text:
Analysis of determinants of revolving credit for small and medium construction enterprises : a case of Gauteng province
- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Ekolu, Stephen
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Ekolu, Stephen
- Date: 2017
- Subjects: Determinants credit revolving , Construction enterprises small and medium , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/260742 , uj:27467 , Citation: Balogun, O.A., Ansary, N. & Ekolu, S. 2017. Analysis of determinants of revolving credit for small and medium construction enterprises : a case of Gauteng province. Creative Construction Conference 2017, CCC 2017, 19-22 June 2017, Primosten, Croatia. doi: 10.1016/j.proeng.2017.07.196
- Description: Abstract: Small and medium construction enterprises (SMEs) are an important vehicle to drive the economic growth globally. However, this enterprise sector has been constrained by different factors that stifle their full participation in the main stream economy specially credit accessibility. There is paucity of research to verify the determinants that predict revolving credit accessibility from financial institutions in South Africa. The data was obtained using questionnaire survey. 179 small and medium contractors responded from conveniently sampled respondents in Gauteng province in South Africa. The data was analysed using Statistical Package for the Social Sciences (SPSS) version 22. The study found that the dependant variable i.e. revolving credit was not predicted by the independent variables suggested i.e. gender, age group, current position, organization ownership, tax number, location and collateral. The finding informs bank managers they should not force clients to submit collateral before awarding credit to the SMEs. The suggested model that was tested attained the Hosmer and Lemeshow Test goodness of fit hence the results were credible. However, a further study is proposed for the entire country as the researchers acknowledge limitation on the chosen location of study.
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Ekolu, Stephen
- Date: 2017
- Subjects: Determinants credit revolving , Construction enterprises small and medium , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/260742 , uj:27467 , Citation: Balogun, O.A., Ansary, N. & Ekolu, S. 2017. Analysis of determinants of revolving credit for small and medium construction enterprises : a case of Gauteng province. Creative Construction Conference 2017, CCC 2017, 19-22 June 2017, Primosten, Croatia. doi: 10.1016/j.proeng.2017.07.196
- Description: Abstract: Small and medium construction enterprises (SMEs) are an important vehicle to drive the economic growth globally. However, this enterprise sector has been constrained by different factors that stifle their full participation in the main stream economy specially credit accessibility. There is paucity of research to verify the determinants that predict revolving credit accessibility from financial institutions in South Africa. The data was obtained using questionnaire survey. 179 small and medium contractors responded from conveniently sampled respondents in Gauteng province in South Africa. The data was analysed using Statistical Package for the Social Sciences (SPSS) version 22. The study found that the dependant variable i.e. revolving credit was not predicted by the independent variables suggested i.e. gender, age group, current position, organization ownership, tax number, location and collateral. The finding informs bank managers they should not force clients to submit collateral before awarding credit to the SMEs. The suggested model that was tested attained the Hosmer and Lemeshow Test goodness of fit hence the results were credible. However, a further study is proposed for the entire country as the researchers acknowledge limitation on the chosen location of study.
- Full Text:
Assessment of credit accessibility to construction SMEs in the South African construction industry using binary logistic regression
- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Agumba, Justus
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus
- Date: 2016
- Subjects: Construction SMEs , Credit accessibility , Gauteng
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/214938 , uj:21344 , Citation: Balogun, O.A., Ansary, N & Agumba, J. 2016. Assessment of credit accessibility to construction SMEs in the South African construction industry using binary logistic regression.
- Description: Abstract: Unavailability of credit, especially trade credit, is one of the primary reasons for high failure rate of construction SMEs. This paper empirically investigates the determinants of trade credit to construction small and medium enterprises (SMEs) in the Gauteng Province of South Africa. The data were obtained through questionnaire survey from 179 small and medium contractors who were conveniently sampled in the Gauteng province. Data analysis was done using Statistical Package for the Social Sciences (SPSS) version 22 software. Results indicated that managerial competency, the availability of business plan, relationship with financial institutions, location of the firm, firm size, firm tax number and incorporation are significant determinants of credit accessibility in South Africa. These findings could be useful to construction SMEs in identifying and accessing trade credit from financial institutions.
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus
- Date: 2016
- Subjects: Construction SMEs , Credit accessibility , Gauteng
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/214938 , uj:21344 , Citation: Balogun, O.A., Ansary, N & Agumba, J. 2016. Assessment of credit accessibility to construction SMEs in the South African construction industry using binary logistic regression.
- Description: Abstract: Unavailability of credit, especially trade credit, is one of the primary reasons for high failure rate of construction SMEs. This paper empirically investigates the determinants of trade credit to construction small and medium enterprises (SMEs) in the Gauteng Province of South Africa. The data were obtained through questionnaire survey from 179 small and medium contractors who were conveniently sampled in the Gauteng province. Data analysis was done using Statistical Package for the Social Sciences (SPSS) version 22 software. Results indicated that managerial competency, the availability of business plan, relationship with financial institutions, location of the firm, firm size, firm tax number and incorporation are significant determinants of credit accessibility in South Africa. These findings could be useful to construction SMEs in identifying and accessing trade credit from financial institutions.
- Full Text:
Determinants of bridging loan among small and medium-sized enterprises in the South African Construction Industry
- Balogun, Olanrewaju Abdul, Ansary, Nazeem, Agumba, Justus Ngala
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus Ngala
- Date: 2017
- Subjects: Determinants , Bridging loan , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/243838 , uj:25208 , Citation: Balogun, O.A., Ansary, N. & Agumba, J.N. 2017. Determinants of bridging loan among small and medium-sized enterprises in the South African Construction Industry.
- Description: Abstract: Small and medium construction enterprise (SMEs) has become the significant clout of sustained, instantaneous and bracing growth of South Africa economy. Moreover, SMEs has performed an unparalleled role in advancing the South Africa economic growth, and serve as a breeding ground for entrepreneurs and a provider of solutions to address the problems of unemployment in all consuming labours and promoting marketing growth. An opportunity for the healthy advancement of small and medium-sized enterprises (SMEs) in South Africa was in relation to the transformation and expansion policy due to the brisk evolution of the global economy. But with the global economic integration, the small and medium-sized enterprises operating environment is facing tremendous changes and more intense competition. The data was obtained using questionnaire survey. 179 small and medium contractors responded from conveniently sampled respondents in Gauteng province in South Africa. The data was analysed using Statistical Package for the Social Sciences (SPSS) version 22...
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus Ngala
- Date: 2017
- Subjects: Determinants , Bridging loan , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/243838 , uj:25208 , Citation: Balogun, O.A., Ansary, N. & Agumba, J.N. 2017. Determinants of bridging loan among small and medium-sized enterprises in the South African Construction Industry.
- Description: Abstract: Small and medium construction enterprise (SMEs) has become the significant clout of sustained, instantaneous and bracing growth of South Africa economy. Moreover, SMEs has performed an unparalleled role in advancing the South Africa economic growth, and serve as a breeding ground for entrepreneurs and a provider of solutions to address the problems of unemployment in all consuming labours and promoting marketing growth. An opportunity for the healthy advancement of small and medium-sized enterprises (SMEs) in South Africa was in relation to the transformation and expansion policy due to the brisk evolution of the global economy. But with the global economic integration, the small and medium-sized enterprises operating environment is facing tremendous changes and more intense competition. The data was obtained using questionnaire survey. 179 small and medium contractors responded from conveniently sampled respondents in Gauteng province in South Africa. The data was analysed using Statistical Package for the Social Sciences (SPSS) version 22...
- Full Text:
Determinants predicting credit accessibity within small and medium-sized enterprises in the South African Construction Industry
- Balogun, Olanrewaju Abdul, Agumba, Justus Ngala, Ansary, Nazeem
- Authors: Balogun, Olanrewaju Abdul , Agumba, Justus Ngala , Ansary, Nazeem
- Date: 2016
- Subjects: Accessibility , Characteristics , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/93905 , uj:20406 , Citation: Balogun, J.N., Agumba, J.N. & Ansary, N. 2016. Determinants predicting credit accessibity within small and medium-sized enterprises in the South African Construction Industry.
- Description: Abstract: The contribution of Small and Medium-sized Enterprise (SME) sector in economic development, job creation and income generation has been recognized worldwide. These contributions are effectively articulated in South Africa construction industry discourse. However, the main problem limiting the SMEs sector to contribute fully in the mainstream economy is the shortage of finance. This study examines the impact of firm characteristics in access to credit by the South African SMEs in the construction industry. A deductive methodological approach was used to examine this problem. This paper utilises a combination of primary data emanating from structured survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility within SMEs in South Africa. The structured survey questionnaire was administered to 179 construction small and medium organizations to elicit relevant data about their credit accessibility. Binary logistic regression was applied to determine the influence of demographic variables on credit accessibility. The equation specified access to credit as dependent variable while firm and personnel characteristics as independent variable. The statistical package for social science version 22 was used. The results indicate that firm characteristics influence access to finance. The study recommends that South Africa SME contractors should maintain attractive firm attributes to stimulate lenders to extend finance to their investments.
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Agumba, Justus Ngala , Ansary, Nazeem
- Date: 2016
- Subjects: Accessibility , Characteristics , Small and medium
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/93905 , uj:20406 , Citation: Balogun, J.N., Agumba, J.N. & Ansary, N. 2016. Determinants predicting credit accessibity within small and medium-sized enterprises in the South African Construction Industry.
- Description: Abstract: The contribution of Small and Medium-sized Enterprise (SME) sector in economic development, job creation and income generation has been recognized worldwide. These contributions are effectively articulated in South Africa construction industry discourse. However, the main problem limiting the SMEs sector to contribute fully in the mainstream economy is the shortage of finance. This study examines the impact of firm characteristics in access to credit by the South African SMEs in the construction industry. A deductive methodological approach was used to examine this problem. This paper utilises a combination of primary data emanating from structured survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility within SMEs in South Africa. The structured survey questionnaire was administered to 179 construction small and medium organizations to elicit relevant data about their credit accessibility. Binary logistic regression was applied to determine the influence of demographic variables on credit accessibility. The equation specified access to credit as dependent variable while firm and personnel characteristics as independent variable. The statistical package for social science version 22 was used. The results indicate that firm characteristics influence access to finance. The study recommends that South Africa SME contractors should maintain attractive firm attributes to stimulate lenders to extend finance to their investments.
- Full Text:
Investigating credit accessibility for small and medium construction enterprises in the Gauteng Province of South Africa
- Authors: Balogun, Olanrewaju Abdul
- Date: 2017
- Subjects: Small business - South Africa - Gauteng , Small business - South Africa - Gauteng - Finance , Construction industry - South Africa - Gauteng - Finance
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/280418 , uj:30132
- Description: M.Tech. (Construction Management) , Abstract: SMEs are recognised for their contribution to the South Africa construction industry as a result of income generation, job creation and economic development. However, they face different challenges which impede their potential in the construction industry, one of which is credit accessibility. However, few studies have focused on the predictors of credit accessibility in small and medium construction enterprises (SMEs) in South Africa construction industry. Therefore, this research study investigates the predictors of credit accessibility for small and medium construction enterprises (SMEs) in the South African Construction Industry. A deductive methodology approach was used to examine this problem. A questionnaire was developed from extensive literature review. The questionnaire was piloted with 30 construction SMEs to achieve its content validity. Two hundred and ten (210) structured questionnaires were distributed and 179 useable questionnaires were returned from a convenient sample of SME contractors in the Gauteng province of South Africa. The study established that the challenges the construction SMEs strongly experienced in accessing credit were; lack of collateral, lack of cash flow statement and lack of owners’ equity. The study revealed that 98.9% of SMEs access their credit through commercial banks. Furthermore, it was established using binary logistic regression that full credit accessibility is predicted by; the age group and the current position of the personnel in the organisation. Furthermore, the tax number of the business and the location of the business also predicted full credit accessibility. The gender of the respondent, type of business ownership and collateral did not predict full credit accessibility. The Statistical Package for Social Science (SPSS) version 22 was used in the analysis. The study informs the construction SMEs owners and managers to provide their age, and their current position in the organisation when applying for credit. Furthermore, they should provide the tax number of the business and the location of the business when applying for full credit from a financial institution in South Africa.
- Full Text:
- Authors: Balogun, Olanrewaju Abdul
- Date: 2017
- Subjects: Small business - South Africa - Gauteng , Small business - South Africa - Gauteng - Finance , Construction industry - South Africa - Gauteng - Finance
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/280418 , uj:30132
- Description: M.Tech. (Construction Management) , Abstract: SMEs are recognised for their contribution to the South Africa construction industry as a result of income generation, job creation and economic development. However, they face different challenges which impede their potential in the construction industry, one of which is credit accessibility. However, few studies have focused on the predictors of credit accessibility in small and medium construction enterprises (SMEs) in South Africa construction industry. Therefore, this research study investigates the predictors of credit accessibility for small and medium construction enterprises (SMEs) in the South African Construction Industry. A deductive methodology approach was used to examine this problem. A questionnaire was developed from extensive literature review. The questionnaire was piloted with 30 construction SMEs to achieve its content validity. Two hundred and ten (210) structured questionnaires were distributed and 179 useable questionnaires were returned from a convenient sample of SME contractors in the Gauteng province of South Africa. The study established that the challenges the construction SMEs strongly experienced in accessing credit were; lack of collateral, lack of cash flow statement and lack of owners’ equity. The study revealed that 98.9% of SMEs access their credit through commercial banks. Furthermore, it was established using binary logistic regression that full credit accessibility is predicted by; the age group and the current position of the personnel in the organisation. Furthermore, the tax number of the business and the location of the business also predicted full credit accessibility. The gender of the respondent, type of business ownership and collateral did not predict full credit accessibility. The Statistical Package for Social Science (SPSS) version 22 was used in the analysis. The study informs the construction SMEs owners and managers to provide their age, and their current position in the organisation when applying for credit. Furthermore, they should provide the tax number of the business and the location of the business when applying for full credit from a financial institution in South Africa.
- Full Text:
The effect of demographic on the issues of credit accessibity within small and medium-sized enterprises in the South African construction industry
- Balogun, Olanrewaju Abdul, Ngala, Justus, Ansary, Nazeem
- Authors: Balogun, Olanrewaju Abdul , Ngala, Justus , Ansary, Nazeem
- Date: 2017
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/248145 , uj:25787 , Citation: Balogun, O.A., Ngala, J. & Ansary, N. 2017. The effect of demographic on the issues of credit accessibity within small and medium-sized enterprises in the South African construction industry.
- Description: Abstract: The contribution of Small and Medium-sized Enterprise (SME) sector in economic development, job creation and income generation has been recognized worldwide. This study aims to investigate the effect of demographic issues of credit accessibility within SMEs in South African construction industry. This paper utilises a combination of primary data emanating from structured survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility within SMEs in South Africa. The structured survey questionnaire was administered to 600 construction small and medium organizations to elicit relevant data about their credit accessibility. The equation specified access to credit as dependent variable while firm and personnel characteristics as independent variable. The results indicate that firm characteristics influence access to credit accessibility. The study recommends that South Africa SME contractors and financial institution should maintain attractive firm attributes to stimulate lenders to extend credit accessibility to their investments.
- Full Text:
- Authors: Balogun, Olanrewaju Abdul , Ngala, Justus , Ansary, Nazeem
- Date: 2017
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/248145 , uj:25787 , Citation: Balogun, O.A., Ngala, J. & Ansary, N. 2017. The effect of demographic on the issues of credit accessibity within small and medium-sized enterprises in the South African construction industry.
- Description: Abstract: The contribution of Small and Medium-sized Enterprise (SME) sector in economic development, job creation and income generation has been recognized worldwide. This study aims to investigate the effect of demographic issues of credit accessibility within SMEs in South African construction industry. This paper utilises a combination of primary data emanating from structured survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility within SMEs in South Africa. The structured survey questionnaire was administered to 600 construction small and medium organizations to elicit relevant data about their credit accessibility. The equation specified access to credit as dependent variable while firm and personnel characteristics as independent variable. The results indicate that firm characteristics influence access to credit accessibility. The study recommends that South Africa SME contractors and financial institution should maintain attractive firm attributes to stimulate lenders to extend credit accessibility to their investments.
- Full Text:
- «
- ‹
- 1
- ›
- »