Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/5518
DC FieldValueLanguage
dc.contributor.authorMsomi, Thabiso Sthembisoen_US
dc.date.accessioned2024-09-17T19:34:49Z-
dc.date.available2024-09-17T19:34:49Z-
dc.date.issued2024-05-07-
dc.identifier.citationMsomi, T. S. 2024. Nexus between small and medium-sized enterprise budgeting skills and loan repayment in South Africa. Investment Management and Financial Innovations. 21(2): 205-212. doi:10.21511/imfi.21(2).2024.16en_US
dc.identifier.issn1810-4967-
dc.identifier.issn1812-9358 (Online)-
dc.identifier.urihttps://hdl.handle.net/10321/5518-
dc.description.abstractThis study’s purpose is to assess the influence of small and medium-sized enterprises’ (SMEs) budgeting skills on loan repayment in South Africa. The quantitative research approach was selected as the appropriate methodology for this study, while the purposive sampling approach was selected as the appropriate way to select participants for this study. The primary data for this study came from respondents who were business owners of SMEs in the retail, hardware, construction, and manufacturing industries. SPSS was used to analyze the acquired data. A total of 380 research questionnaires were distributed, and there were 375 that were returned for analysis (which gives a response rate of 99%). Both a regression analysis and a correlation analysis using Pearson’s method were carried out. Pearson’s correlation coefficient revealed a positive and significant relationship between SMEs’ budgeting skills and loan repayment at the level of r =.250, p < 0.0005. These results were supported by the finding that there is a positive and significant association between these two factors. According to the findings of the study, it is recommended that financial providers educate their SMEs on how to prepare various types of budgets, how to follow up and compare their financial objectives to their performance, and that financial institutions and government organizations should assist SMEs with budgeting skills to decrease SME loan defaults.</jats:p>en_US
dc.format.extent9 pen_US
dc.language.isoenen_US
dc.publisherLLC CPC Business Perspectivesen_US
dc.relation.ispartofInvestment Management and Financial Innovations; Vol. 21, Issue 2en_US
dc.subject1502 Banking, Finance and Investmenten_US
dc.subject3502 Banking, finance and investmenten_US
dc.subjectLoan repaymenten_US
dc.subjectbudgeting skillsen_US
dc.subjectSME performanceen_US
dc.subjectFinancial literacyen_US
dc.subjectFinancial institutionsen_US
dc.titleNexus between small and medium-sized enterprise budgeting skills and loan repayment in South Africaen_US
dc.typeArticleen_US
dc.date.updated2024-09-16T08:50:23Z-
dc.publisher.urihttp://dx.doi.org/10.21511/imfi.21(2).2024.16en_US
dc.identifier.doi10.21511/imfi.21(2).2024.16-
item.languageiso639-1en-
item.openairetypeArticle-
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.fulltextWith Fulltext-
item.grantfulltextopen-
Appears in Collections:Research Publications (Accounting and Informatics)
Files in This Item:
File Description SizeFormat
Msomi_Nexus_2024.pdf328.62 kBAdobe PDFView/Open
IMFI Clearance copyright.docx210.83 kBMicrosoft Word XMLView/Open
Show simple item record

Page view(s)

45
checked on Dec 13, 2024

Download(s)

7
checked on Dec 13, 2024

Google ScholarTM

Check

Altmetric

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.