Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/5522
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dc.contributor.authorMsomi, Thabiso Sthembisoen_US
dc.date.accessioned2024-09-17T20:11:57Z-
dc.date.available2024-09-17T20:11:57Z-
dc.date.issued2023-11-15-
dc.identifier.citationMsomi, T.S. 2023. The effect of interest rates on credit access for small and medium-sized enterprises: a South African perspective. Banks and Bank Systems. 18(4): 140-148. doi:10.21511/bbs.18(4).2023.13en_US
dc.identifier.issn1816-7403-
dc.identifier.issn1991-7074 (Online)-
dc.identifier.urihttps://hdl.handle.net/10321/5522-
dc.description.abstractThis study investigates the effect of interest rates on credit access for small and medium-sized enterprises (SMEs) in South Africa. The study employs a quantitative research design, using data collected from 200 SMEs in South Africa. The data was analyzed using descriptive statistics, Pearson’s correlation coefficient analysis, and multiple regression analysis. An inverse relationship between interest rate and credit accessibility was found using the Pearson correlation coefficient (r = –.199, p < 0.05). The results show that interest rates have a significant negative effect on credit access for SMEs in South Africa. Moreover, the study finds that SMEs experience considerable obstacles in obtaining affordable credit, and that interest rates play a crucial role in this. The study recommends that policymakers in South Africa should consider reducing interest rates and relaxing collateral requirements to improve credit access in SMEs. Furthermore, the study suggests that SMEs should focus on building a good credit history to improve their creditworthiness and increase their chances of accessing credit. Overall, the findings of this study contribute to the existing literature on the effect of interest rates on credit access for SMEs and provide insights for policymakers and SME owners in South Africa.en_US
dc.format.extent10 pen_US
dc.language.isoenen_US
dc.publisherLLC CPC Business Perspectivesen_US
dc.relation.ispartofBanks and Bank Systems; Vol. 18, Issue 4en_US
dc.subject1502 Banking, Finance and Investmenten_US
dc.subject3502 Banking, finance and investmenten_US
dc.subjectInterest ratesen_US
dc.subjectCredit accessen_US
dc.subjectSMEsen_US
dc.subjectSouth Africaen_US
dc.subjectCollateral requirementsen_US
dc.subjectCredit historyen_US
dc.subjectCreditworthinessen_US
dc.subjectRegression analysisen_US
dc.titleThe effect of interest rates on credit access for small and medium-sized enterprises : a South African perspectiveen_US
dc.typeArticleen_US
dc.date.updated2024-09-16T08:55:19Z-
dc.publisher.urihttp://dx.doi.org/10.21511/bbs.18(4).2023.13en_US
dc.identifier.doi10.21511/bbs.18(4).2023.13-
item.grantfulltextopen-
item.cerifentitytypePublications-
item.fulltextWith Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.languageiso639-1en-
item.openairetypeArticle-
Appears in Collections:Research Publications (Accounting and Informatics)
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