Finance, financial literacy and small firm financial growth in Bangladesh: the effectiveness of government support

Q1 Business, Management and Accounting

Journal of Small Business and Entrepreneurship Pub Date : 2020-07-22 DOI:10.1080/08276331.2020.1793097

Md. Mosharref Hossain, Yusnidah Ibrahim, M. Uddin

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引用次数: 15

Abstract

Abstract Although firm growth is an old issue, very limited number of studies have found on the issues of small firm growth. Studies in many countries have focused on some specific growth factors and no comprehensive research on this issue is available to draw a conclusion. Based on the concept of the theory of ‘Resource Based View (RBV)’, current study motivated to see how the resources like finance and financial literacy of owner-manager affect financial growth of small firms and the role government support plays in that relationship. Data was collected through questionnaire from 407 owner-managers of small firms. Using partial least squares, the study found that both finance and financial literacy has strong positive relation with small firm financial growth. Astoundingly, the study uncovered that government support does not moderate the relationships between finance, financial literacy and small firm financial growth in the expected way, which the study argues to be a result of the seemingly weakness of the government support distributions. Therefore, policy makers and practitioners should ensure the better access to financial resources of small firms and required financial literacy of owner-managers as well as effective government support for fostering more growth of small firms.

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孟加拉国的金融、金融知识和小企业金融增长:政府支持的有效性

虽然企业成长是一个古老的问题，但关于小企业成长问题的研究非常有限。许多国家的研究都集中在一些具体的生长因素上，并没有对这一问题进行全面的研究来得出结论。基于“资源基础观”(Resource Based View, RBV)理论的概念，当前的研究旨在了解资金和所有者-经理的金融素养等资源如何影响小企业的财务增长，以及政府支持在这种关系中所起的作用。通过问卷调查对407名小企业业主经理进行数据收集。利用偏最小二乘法，研究发现财务和财务素养与小企业财务增长有很强的正相关关系。令人惊讶的是，该研究发现，政府支持并没有以预期的方式调节金融、金融素养和小企业财务增长之间的关系，研究认为，这是政府支持分布看似薄弱的结果。因此，政策制定者和从业人员应确保小企业更好地获得财务资源，确保业主经理具备必要的财务知识，并确保政府为促进小企业的更多增长提供有效支持。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Small Business and Entrepreneurship Business, Management and Accounting-Business and International Management

CiteScore

11.90

自引率

0.00%

发文量

期刊介绍： Studies published in the JSBE can be from and based on Canada or other countries of the world. They can cover topics related to matters such as: A. Start-up and resource gathering for an SME -Starting, buying and selling an SME -Financing, funding, banking, venture capital, audit and accounting in SMEs -Entrepreneur characteristics, leadership and work-life balance -Identification of business opportunities, business incubators and mentorship -Support services to entrepreneurship and SMEs B. Functional management and growth of an SME -Sales and marketing in SMEs -Human resource management in SMEs -Operation management in SMEs -Innovation, knowledge management, learning and fast growth in SMEs -New technologies, Internet, and communication in SMEs -Regulation and taxes for SMEs -Growth of SMEs C. Strategic management and change in an SME -Strategic Management in SMEs -International entrepreneurship and SME internationalization -Networks, alliances and relationships with government and large enterprises -Managing change in an uncertain and changing environment -Factors of success and failure in SME and entrepreneurial firms D. New trends in entrepreneurship and SME management -Social entrepreneurship -Gender and female entrepreneurship -Indigenous entrepreneurship -Ethnic/diaspora/immigrant entrepreneurship -Youth and student entrepreneurship -Entrepreneurship in emerging/transition markets -Franchises, sport, health, consulting and other emerging types of SMEs -Corporate entrepreneurship E. Special topics in entrepreneurship and SME management -Family-based business -Social responsibility, environmental protection, governance, and ethics in SMEs -SMEs and regional, urban, rural, and national development -Entrepreneurship education -Epistemology, general theory development, and methods of research in entrepreneurship and SMEs -Entrepreneurship and sustainable development