Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/3511
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dc.contributor.authorNyide, Celani Johnen_US
dc.contributor.authorZunckel, Sharonen_US
dc.date.accessioned2020-12-14T05:28:59Z-
dc.date.available2020-12-14T05:28:59Z-
dc.date.issued2019-11-26-
dc.identifier.citationNyide, C.J. and Zunckel, S. 2019. Interplay between capital structure choice and survival and growth of small, medium, and micro enterprises : a South African context. Problems and Perspectives in Management. 17(4): 121-130. doi:10.21511/ppm.17(4).2019.10en_US
dc.identifier.issn1727-7051-
dc.identifier.issn1810-5467 (Online)-
dc.identifier.urihttp://hdl.handle.net/10321/3511-
dc.description.abstractIt is essential for small, medium, and micro enterprises (SMMEs) to become established, be sustainable and grow. These firms play a vital role in the economy of both developed and developing countries. Empirical studies have acknowledged the contribution of SMMEs to the economy, as well as to the gross domestic product. However, the failure rate of these firms has also been emphasized in the same studies. SMME survival is critical for economic growth, which is measured by increases in profits. Capital structure decisions are significant to the survival and growth of these entities. This study was conducted to examine the interplay between capital structure and SMMEs` survival and growth in a developing economy. A sample size of 103 SMMEs was chosen on a non-probability basis using convenience sampling within the eThekwini area, KwaZulu-Natal, South Africa. The statistical tool used for analysis in this study was the Partial Least Squares Structural Equation Modelling (PLS-SEM) 5.0 software. Capital structure was found to have a significant influence on the growth and survival of small, medium, and micro enterprises. The study concludes that utilizing retained earnings, personal savings, trade credit and funds from friends and family has a significant influence on the growth and survival of the firm. Debt and external equity financing, on the other hand, have an insignificant influence on the growth the firm.en_US
dc.format.extent11 pen_US
dc.format.mediumEnglish-
dc.language.isoenen_US
dc.publisherLLC CPC Business Perspectivesen_US
dc.relation.ispartofProblems and Perspectives in Managementen_US
dc.subjectCapital structureen_US
dc.subjectDeveloping economyen_US
dc.subjectSMME growthen_US
dc.subjectSMME survivalen_US
dc.subjectSustainabilityen_US
dc.subjectCapital Structureen_US
dc.subjectGrowthen_US
dc.subjectInterplayen_US
dc.subjectSMMEsen_US
dc.subjectSurvivalen_US
dc.titleInterplay between capital structure choice and survival and growth of small, medium, and micro enterprises : a South African contexten_US
dc.typeArticleen_US
dc.date.updated2020-10-28T15:37:43Z-
dc.publisher.urihttp://dx.doi.org/10.21511/ppm.17(4).2019.10en_US
dcterms.dateAccepted2019-6-6-
dc.identifier.doi10.21511/ppm.17(4).2019.10-
local.sdgSDG08-
local.sdgSDG17-
item.openairetypeArticle-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextopen-
item.cerifentitytypePublications-
item.languageiso639-1en-
item.fulltextWith Fulltext-
Appears in Collections:Research Publications (Accounting and Informatics)
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