Influence of strategic orientation on SMEs access to finance in Nigeria
The paper examined the influence of EO, MO, LO, and TO on SMEs financial capital accessibility in Nigeria.The purpose of this paper is to establish the role of firm strategic orientation in helping SMEs improve their financial access. A total of 362 questionnaires from SMEs in North Western Nigeria...
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2015
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| Online Access: | https://repo.uum.edu.my/id/eprint/18095/1/ASS%2011%20%204%202015%20298-309.pdf |
| _version_ | 1803627497756033024 |
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| author | Murtala Aminu, Ibrahim Mohd Shariff, Mohd Noor |
| author_facet | Murtala Aminu, Ibrahim Mohd Shariff, Mohd Noor |
| author_sort | Murtala Aminu, Ibrahim |
| collection | UUM |
| description | The paper examined the influence of EO, MO, LO, and TO on SMEs financial capital accessibility in Nigeria.The purpose of this paper is to establish the role of firm strategic orientation in helping SMEs improve their financial access. A total of 362 questionnaires from SMEs in North Western Nigeria were used in this study.Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to test the study hypotheses.Using SmartPLS 3.0 the findings indicates that strategic orientations are important drivers of firm success to finance.The result further suggests that SMEs who configured and utilized their strategic activities are more likely to get more cash flow, profit and retained earnings and will obtain a loan from external sources.To get an adequate
financial capital SMEs need to improve their marketing activities, learn more from their experience and environment and lastly produce product with high technological improvement.At the same time they should avoid too much emphasis on taking risky business decision and investments. |
| first_indexed | 2024-07-04T06:07:00Z |
| format | Article |
| id | uum-18095 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:07:00Z |
| publishDate | 2015 |
| publisher | Canadian Center of Science and Education |
| record_format | dspace |
| spelling | uum-180952016-06-15T06:15:05Z https://repo.uum.edu.my/id/eprint/18095/ Influence of strategic orientation on SMEs access to finance in Nigeria Murtala Aminu, Ibrahim Mohd Shariff, Mohd Noor HB Economic Theory The paper examined the influence of EO, MO, LO, and TO on SMEs financial capital accessibility in Nigeria.The purpose of this paper is to establish the role of firm strategic orientation in helping SMEs improve their financial access. A total of 362 questionnaires from SMEs in North Western Nigeria were used in this study.Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to test the study hypotheses.Using SmartPLS 3.0 the findings indicates that strategic orientations are important drivers of firm success to finance.The result further suggests that SMEs who configured and utilized their strategic activities are more likely to get more cash flow, profit and retained earnings and will obtain a loan from external sources.To get an adequate financial capital SMEs need to improve their marketing activities, learn more from their experience and environment and lastly produce product with high technological improvement.At the same time they should avoid too much emphasis on taking risky business decision and investments. Canadian Center of Science and Education 2015 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/18095/1/ASS%2011%20%204%202015%20298-309.pdf Murtala Aminu, Ibrahim and Mohd Shariff, Mohd Noor (2015) Influence of strategic orientation on SMEs access to finance in Nigeria. Asian Social Science, 11 (4). pp. 298-309. ISSN 1911-2017 http://doi.org/10.5539/ass.v11n4p298 doi:10.5539/ass.v11n4p298 doi:10.5539/ass.v11n4p298 |
| spellingShingle | HB Economic Theory Murtala Aminu, Ibrahim Mohd Shariff, Mohd Noor Influence of strategic orientation on SMEs access to finance in Nigeria |
| title | Influence of strategic orientation on SMEs access to finance in Nigeria |
| title_full | Influence of strategic orientation on SMEs access to finance in Nigeria |
| title_fullStr | Influence of strategic orientation on SMEs access to finance in Nigeria |
| title_full_unstemmed | Influence of strategic orientation on SMEs access to finance in Nigeria |
| title_short | Influence of strategic orientation on SMEs access to finance in Nigeria |
| title_sort | influence of strategic orientation on smes access to finance in nigeria |
| topic | HB Economic Theory |
| url | https://repo.uum.edu.my/id/eprint/18095/1/ASS%2011%20%204%202015%20298-309.pdf |
| work_keys_str_mv | AT murtalaaminuibrahim influenceofstrategicorientationonsmesaccesstofinanceinnigeria AT mohdshariffmohdnoor influenceofstrategicorientationonsmesaccesstofinanceinnigeria |