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DEMAND SIDE CONSTRAINTS TO SME ACCESS TO EXTERNAL FINANCE: EVIDENCE FROM SURVEY OF MANUFACTURING FIRMS IN ETHIOPIA

Ashenafi Beyene Fanta   ORCID icon orcid.org/0000-0001-9154-3518 ; Department of Finance, risk management and Banking, University of South Africa, Pretoria, South Africa

Puni tekst: engleski, pdf (345 KB) str. 1-15 preuzimanja: 245* citiraj
APA 6th Edition
Beyene Fanta, A. (2015). DEMAND SIDE CONSTRAINTS TO SME ACCESS TO EXTERNAL FINANCE: EVIDENCE FROM SURVEY OF MANUFACTURING FIRMS IN ETHIOPIA. Journal of Accounting and Management, V (1), 1-15. Preuzeto s https://hrcak.srce.hr/143476
MLA 8th Edition
Beyene Fanta, Ashenafi. "DEMAND SIDE CONSTRAINTS TO SME ACCESS TO EXTERNAL FINANCE: EVIDENCE FROM SURVEY OF MANUFACTURING FIRMS IN ETHIOPIA." Journal of Accounting and Management, vol. V, br. 1, 2015, str. 1-15. https://hrcak.srce.hr/143476. Citirano 18.01.2020.
Chicago 17th Edition
Beyene Fanta, Ashenafi. "DEMAND SIDE CONSTRAINTS TO SME ACCESS TO EXTERNAL FINANCE: EVIDENCE FROM SURVEY OF MANUFACTURING FIRMS IN ETHIOPIA." Journal of Accounting and Management V, br. 1 (2015): 1-15. https://hrcak.srce.hr/143476
Harvard
Beyene Fanta, A. (2015). 'DEMAND SIDE CONSTRAINTS TO SME ACCESS TO EXTERNAL FINANCE: EVIDENCE FROM SURVEY OF MANUFACTURING FIRMS IN ETHIOPIA', Journal of Accounting and Management, V(1), str. 1-15. Preuzeto s: https://hrcak.srce.hr/143476 (Datum pristupa: 18.01.2020.)
Vancouver
Beyene Fanta A. DEMAND SIDE CONSTRAINTS TO SME ACCESS TO EXTERNAL FINANCE: EVIDENCE FROM SURVEY OF MANUFACTURING FIRMS IN ETHIOPIA. Journal of Accounting and Management [Internet]. 2015 [pristupljeno 18.01.2020.];V(1):1-15. Dostupno na: https://hrcak.srce.hr/143476
IEEE
A. Beyene Fanta, "DEMAND SIDE CONSTRAINTS TO SME ACCESS TO EXTERNAL FINANCE: EVIDENCE FROM SURVEY OF MANUFACTURING FIRMS IN ETHIOPIA", Journal of Accounting and Management, vol.V, br. 1, str. 1-15, 2015. [Online]. Dostupno na: https://hrcak.srce.hr/143476. [Citirano: 18.01.2020.]

Sažetak
Small and medium enterprises (SMEs) are financially constrained due to demand side and supply side factors. Most studies emphasize on the supply side constraints, paying less attention to the demand side constraints that arise from SME inherent characteristics. This paper aims at describing characteristics of SMEs and identifying attributes that hinder their access to external finance. To this end, survey of 102 randomly selected firms from the Ethiopian manufacturing sector was conducted. We find that most SMEs are characterized by having a few or no collateralizeable fixed assets. Examination of owner’s willingness to admit a new partner as a means of expanding capital base revealed that most SME owners exhibit aversion towards selling ownership control. This shows that, contrary to conventional view, aversion towards relinquishing ownership interest increases with size. In terms of financial transparency, we found that most small firms are not accustomed to keeping books of accounts. In general, we found that firm characteristics and owner perceptions are partly responsible for SMEs limited access to external finance.

Ključne riječi
SMEs; Ethiopia; Bank credit; manufacturing

Hrčak ID: 143476

URI
https://hrcak.srce.hr/143476

[hrvatski]

Posjeta: 548 *