Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/35022
Full metadata record
DC FieldValueLanguage
dc.contributor.advisorCampbell, Kevin-
dc.contributor.advisorChangwony, Frederick-
dc.contributor.authorKinyua, Kelvin M-
dc.date.accessioned2023-05-02T15:15:27Z-
dc.date.available2023-05-02T15:15:27Z-
dc.date.issued2022-06-
dc.identifier.urihttp://hdl.handle.net/1893/35022-
dc.description.abstractThis thesis investigates the challenges small and medium-sized enterprises (SMEs) face in accessing finance and proposes potential policy solutions to improve access. The research comprises three empirical projects, utilizing various econometric techniques and data sources to offer a holistic understanding of SME financing. The first project examines the effects of external audits, international standard certification, and government contracts on SMEs' financial access. The findings reveal that external audits and international standard certification positively influence SME financing, while procurement of government contracts has a negative impact on financial access. The second project explores the impact of adopting International Financial Reporting Standards for SMEs (IFRS for SMEs) on their financing. The results demonstrate that IFRS for SMEs adoption significantly enhances financial access. The third project investigates the consequences of interest rate caps (IRC) on SME financing, emphasizing their unintended repercussions. The study indicates that IRC can adversely affect SME financing, particularly for smaller enterprises, due to the policy's restrictive nature. The thesis concludes that factors such as institutional quality, financial development, corruption perception, and collateral requirements pose considerable challenges to SME financing. It proposes practical policy solutions, including enhancing institutional quality, fostering financial development, reducing corruption levels, and re-evaluating the reliance on collateral requirements. Policymakers should also consider alternative approaches like credit guarantees, loan subsidies, and risk-sharing mechanisms to encourage SME financing. In conclusion, this thesis provides valuable policy recommendations to promote SME financing in developing countries. The findings can inform policymakers, industry practitioners, and academics about potential solutions to SMEs' challenges. Future research could examine the influence of political instability, cultural factors, and technological advancements on SME financing and assess alternative policies' effectiveness in various contexts. The research methodology utilized in this thesis incorporates diverse econometric techniques and data sources, ensuring robust and comprehensive results.en_GB
dc.language.isoenen_GB
dc.publisherUniversity of Stirlingen_GB
dc.subjectAccess to Financeen_GB
dc.subjectSmall and Medium-sized Enterprisesen_GB
dc.subjectExternal auditsen_GB
dc.subjectinternational standard certificationen_GB
dc.subjectgovernment contractsen_GB
dc.subjectInternational financial reporting standards for SMEsen_GB
dc.subjectInterest rate capsen_GB
dc.titleAn empirical analysis of factors affecting financing accessibility for small and medium - sized enterprisesen_GB
dc.typeThesis or Dissertationen_GB
dc.type.qualificationlevelDoctoralen_GB
dc.type.qualificationnameDoctor of Business Administrationen_GB
dc.author.emailkmugambi6@hotmail.co.uken_GB
Appears in Collections:Management, Work and Organisation eTheses



This item is protected by original copyright



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

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/

If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.