Access to finance and small and medium enterprises’ performance in Nigeria: An empirical evidence

• Main Author: Ooi, Yeng Keat
• Format: Conference or Workshop Item
• Language: English
• Published: 2017
• Subjects: HB Economic Theory
• Online Access: http://repo.uum.edu.my/23707/1/CBMM%202017%20219.pdf; http://repo.uum.edu.my/23707/

The objective of this study is to examine the association between access to finance (AF) and SMEs’ performance in Nigeria. Literature reported many factors as determinant of SMEs’ performance. Nevertheless, few studies have been attempted to prove the need and significance of the AF as predictor towards achieving higher level of SMEs' performance in Nigeria.Hence, this study aims to fill up the gap that exists in the extant literature by employing quantitative survey method.354 valid questionnaires were collected from SMEs’ owner/managers in Kano, Kaduna and Sokoto State in north-western Nigeria.Pearson zero-order correlation was employed to analyse the hypothesised relationship.The study found that, AF has significant positive association with SMEs' performance. Theoretical and managerial implications of the finding and suggestion for future research were also discussed.