The relationship between access to debt finance and viability of small & medium enterprises in Zimbabwe

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dc.contributor.advisorBiekpe, Nicholasen_ZA
dc.contributor.advisorAlhassan, Abdul Latifen_ZA
dc.contributor.authorSithole, Mupangien_ZA
dc.date.accessioned2018-11-23T06:58:36Z
dc.date.available2018-11-23T06:58:36Z
dc.date.issued2018en_ZA
dc.description.abstractThe study examines the relationship between the level of access to debt finance and viability among 41 randomly selected SMEs operating in the agricultural sector in Zimbabwe for the period 2011 and 2014 using descriptive statistical analysis and panel data regression analysis. The study found that viability is positively associated with short-term debt and negatively associated with long-term debt, while it has no significant relationship with total debt. The study concludes that the level of debt accessed does not matter to viability; what matters is the type of debt accessed. It also concludes that access to debt is not the main factor associated with viability, but there are other factors such as size of business, growth opportunities, number of employees and the ratio of female to male shareholders. It is therefore recommended that SMEs managers and policy makers should be mindful of the type of debt availed to SMEs since shortterm debt is positively related to viability and long-term debt is negatively associated with viability. It is also recommended that SME managers should monitor the sizes of their enterprises and growth opportunities since these are negatively associated with viability. Female ownership of SMEs should be encouraged and supported as the results demonstrate that those enterprises dominated by female shareholders are associated with high viability. SME managers should ensure that they have adequate employees, since the results show that viability is associated increasing the number of employees.en_ZA
dc.identifier.apacitationSithole, M. (2018). <i>The relationship between access to debt finance and viability of small & medium enterprises in Zimbabwe</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/29078en_ZA
dc.identifier.chicagocitationSithole, Mupangi. <i>"The relationship between access to debt finance and viability of small & medium enterprises in Zimbabwe."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2018. http://hdl.handle.net/11427/29078en_ZA
dc.identifier.citationSithole, M. 2018. The relationship between access to debt finance and viability of small & medium enterprises in Zimbabwe. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Sithole, Mupangi AB - The study examines the relationship between the level of access to debt finance and viability among 41 randomly selected SMEs operating in the agricultural sector in Zimbabwe for the period 2011 and 2014 using descriptive statistical analysis and panel data regression analysis. The study found that viability is positively associated with short-term debt and negatively associated with long-term debt, while it has no significant relationship with total debt. The study concludes that the level of debt accessed does not matter to viability; what matters is the type of debt accessed. It also concludes that access to debt is not the main factor associated with viability, but there are other factors such as size of business, growth opportunities, number of employees and the ratio of female to male shareholders. It is therefore recommended that SMEs managers and policy makers should be mindful of the type of debt availed to SMEs since shortterm debt is positively related to viability and long-term debt is negatively associated with viability. It is also recommended that SME managers should monitor the sizes of their enterprises and growth opportunities since these are negatively associated with viability. Female ownership of SMEs should be encouraged and supported as the results demonstrate that those enterprises dominated by female shareholders are associated with high viability. SME managers should ensure that they have adequate employees, since the results show that viability is associated increasing the number of employees. DA - 2018 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2018 T1 - The relationship between access to debt finance and viability of small & medium enterprises in Zimbabwe TI - The relationship between access to debt finance and viability of small & medium enterprises in Zimbabwe UR - http://hdl.handle.net/11427/29078 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/29078
dc.identifier.vancouvercitationSithole M. The relationship between access to debt finance and viability of small & medium enterprises in Zimbabwe. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2018 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/29078en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleThe relationship between access to debt finance and viability of small & medium enterprises in Zimbabween_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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