A comparison of alternative financing models for small and medium scale enterprises (SME's) in different phases of development

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dc.contributor.authorHaankuku, Chabota
dc.date.accessioned2018-01-18T07:19:09Z
dc.date.available2018-01-18T07:19:09Z
dc.date.issued2016
dc.descriptionThesis (M.M.)--University of the Witwatersrand, Faculty of Commerce, Law and Management, Wits Business School, 2016.en_ZA
dc.description.abstractAlternative funding models for small and medium sized enterprises (SMEs) are more often than not reviewed from the perspective of the entrepreneur, in line with the need for funding in each growth phase. This research addresses the problem of funding availability for SMEs by interrogating what funding models are viable from the supply side through the growth phases of a small business in South Africa. The variables employed are loan amount advanced to the small business sector, risk appetite structures and measures, such as size, product, lending rate and sector. Using individual firm data in a cross section regression framework, the results of the study indicate a positive relationship between the size of the firm and the loan amount advanced. Evidence is presented that suggests that macroeconomic factors, such as the interest rate, do not have significant influence on lending. Further, and in confirmation of previous literature, this study indicates that there is a general lack of knowledge on how to fund small businesses in South Africa, and this research contributes to the existing literature by providing insights on the alternative models used by lenders to supply funding to SMEs.en_ZA
dc.description.librarianGR2018en_ZA
dc.format.extentOnline resource (xii, 72 leaves)
dc.identifier.citationHaankuku, Chabota (2016) A comparison of alternative financing models for small and medium scale enterprises (SME's) in different phases of development, University of the Witwatersrand, Johannesburg, <http://hdl.handle.net/10539/23711>
dc.identifier.urihttp://hdl.handle.net/10539/23711
dc.language.isoenen_ZA
dc.subject.lcshNew business enterprises--South Africa
dc.subject.lcshFinance--South Africa--Mathematical models
dc.subject.lcshFinance--South Africa--Computer simulation
dc.subject.lcshSmall business--Finance
dc.titleA comparison of alternative financing models for small and medium scale enterprises (SME's) in different phases of developmenten_ZA
dc.typeThesisen_ZA
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