Impact of financial resource building effort on financial resource availability among small and medium enterprises

Despite the growing research on financial resources within the supply chain of SMEs, our understanding of the relationship between financial resource building efforts and financial resource availability remains lacking. This study draws on attention-based view theory (ABV) to develop and test an arg...

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Autores principales:	Joseph Owusu, Wilberforce Owusu Ansah, Kwame Ohene Djan, Emmanuel K. Anin
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	attention-based view financial resource building effort financial resource availability smes Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/94dad4a6d1c34fd78be81a9647efeea9
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spelling	oai:doaj.org-article:94dad4a6d1c34fd78be81a9647efeea92021-12-02T17:26:04ZImpact of financial resource building effort on financial resource availability among small and medium enterprises2331-197510.1080/23311975.2021.1920676https://doaj.org/article/94dad4a6d1c34fd78be81a9647efeea92021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1920676https://doaj.org/toc/2331-1975Despite the growing research on financial resources within the supply chain of SMEs, our understanding of the relationship between financial resource building efforts and financial resource availability remains lacking. This study draws on attention-based view theory (ABV) to develop and test an argument that heterogeneity in financial resource availability is explained by the differences in SMEs financial resource building effort. The proposed relationship is tested on a sample of 274 SMEs owners in Ghana. Structural Equation Modelling is used to test the hypotheses of the study. Findings from the study indicate that SME financial resources building effort via retained profit, personal savings, family and friends, supplier’s credit and bank loan drive financial resource availability. The study findings provide a clear evidence that while financial resource availability is essential to SMEs performance, the effect largely depends on the differences in attention SMEs allocate to building their financial resource base from various sources of finance particularly retained profit and bank loan.Joseph OwusuWilberforce Owusu AnsahKwame Ohene DjanEmmanuel K. AninTaylor & Francis Grouparticleattention-based viewfinancial resource building effortfinancial resource availabilitysmesBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	attention-based view financial resource building effort financial resource availability smes Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	attention-based view financial resource building effort financial resource availability smes Business HF5001-6182 Management. Industrial management HD28-70 Joseph Owusu Wilberforce Owusu Ansah Kwame Ohene Djan Emmanuel K. Anin Impact of financial resource building effort on financial resource availability among small and medium enterprises
description	Despite the growing research on financial resources within the supply chain of SMEs, our understanding of the relationship between financial resource building efforts and financial resource availability remains lacking. This study draws on attention-based view theory (ABV) to develop and test an argument that heterogeneity in financial resource availability is explained by the differences in SMEs financial resource building effort. The proposed relationship is tested on a sample of 274 SMEs owners in Ghana. Structural Equation Modelling is used to test the hypotheses of the study. Findings from the study indicate that SME financial resources building effort via retained profit, personal savings, family and friends, supplier’s credit and bank loan drive financial resource availability. The study findings provide a clear evidence that while financial resource availability is essential to SMEs performance, the effect largely depends on the differences in attention SMEs allocate to building their financial resource base from various sources of finance particularly retained profit and bank loan.
format	article
author	Joseph Owusu Wilberforce Owusu Ansah Kwame Ohene Djan Emmanuel K. Anin
author_facet	Joseph Owusu Wilberforce Owusu Ansah Kwame Ohene Djan Emmanuel K. Anin
author_sort	Joseph Owusu
title	Impact of financial resource building effort on financial resource availability among small and medium enterprises
title_short	Impact of financial resource building effort on financial resource availability among small and medium enterprises
title_full	Impact of financial resource building effort on financial resource availability among small and medium enterprises
title_fullStr	Impact of financial resource building effort on financial resource availability among small and medium enterprises
title_full_unstemmed	Impact of financial resource building effort on financial resource availability among small and medium enterprises
title_sort	impact of financial resource building effort on financial resource availability among small and medium enterprises
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/94dad4a6d1c34fd78be81a9647efeea9
work_keys_str_mv	AT josephowusu impactoffinancialresourcebuildingeffortonfinancialresourceavailabilityamongsmallandmediumenterprises AT wilberforceowusuansah impactoffinancialresourcebuildingeffortonfinancialresourceavailabilityamongsmallandmediumenterprises AT kwameohenedjan impactoffinancialresourcebuildingeffortonfinancialresourceavailabilityamongsmallandmediumenterprises AT emmanuelkanin impactoffinancialresourcebuildingeffortonfinancialresourceavailabilityamongsmallandmediumenterprises
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Impact of financial resource building effort on financial resource availability among small and medium enterprises

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