Work

An empirical study of optimal access to external finance by small and medium enterprise start-ups

Year: 2019

Type: article

Abstract: The aim of this study is to empirically examine the relationships between the determinants of start-up SME success, namely start-up awareness and management skills, and the finance suppliers. This study has proposed a framework that improves the ability of start-up SMEs to access external finance. Through descriptive and inferential statistical analyses of data from a survey of a sample of SMEs in South Africa, it was ascertained that the framework which maps the entrepreneur’s start-up awareness and requisite management skills with the finance providers’ requirements will make up a tool to assist start-up SMEs in developing optimal financing options to grow their businesses.

Source: Problems and Perspectives in Management

DOI: 10.21511/ppm.17(3).2019.20

Authors: Herman Bamata, Krishna K. Govender, Ziska Fields

Institution: University of KwaZulu-Natal

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $738