Impact of Financial Management Practices on Sustainable Growth of SMEs: A Case of Catering Organizations in Bulawayo Metropolitan Province

IF 4.5 2区管理学 Q1 BUSINESS

International Journal of Entrepreneurial Behavior & Research Pub Date : 2022-01-01 DOI:10.31580/ijer.v4i3.2042

Thandiwe Chisiri, Sibongile Manzini

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引用次数: 2

Abstract

The study was conducted to establish the impact of financial management practices on the perdomance of SMEs in Zimbabwe. The problem statement identified lack of business growth of SMEs. The objectives of the study were to establish the impact of financial management practices on the sustainable growth of SMEs. The study was based on a sample of 101 SMEs from the Catering Industry that were selected through random sampling. Data analysis was done through SPSS version 2.2. The findings revealed that SMEs used mostly four financial management practices: capital budgeting, working capital management, Capital structure, and financial reporting analysis. The challenges faced by SMEs in implementing prudent financial management practices were mainly poor management skills, lack of business registration and lack of financial literacy skills. The results of the study implied that most challenges faced by SMEs were internally localised. The study recommended a model for growth of SMEs in which the government was the major supporter of SMES through financial literacy training and provision of financial support. SMEs were recommended to use equitable financial management practices.

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财务管理实务对中小企业可持续成长的影响:以布拉瓦约都市省餐饮企业为例

进行这项研究是为了确定财务管理做法对津巴布韦中小企业业绩的影响。问题陈述指出中小企业缺乏业务增长。这项研究的目的是建立财务管理实践对中小企业可持续增长的影响。本研究采用随机抽样的方法，选取了101家餐饮业中小企业作为样本。数据分析采用SPSS 2.2版本。调查结果显示，中小企业主要采用四种财务管理方法:资本预算、营运资金管理、资本结构和财务报告分析。中小企业在实施审慎财务管理时所面对的挑战，主要是管理技巧欠佳、没有商业登记及欠缺财务知识。研究结果表明，中小企业面临的大多数挑战都是内部本地化的。该研究为中小企业的成长推荐了一种模式，在这种模式中，政府通过金融知识培训和提供金融支持，成为中小企业的主要支持者。建议中小企业采用公平的财务管理做法。

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

International Journal of Entrepreneurial Behavior & Research Multiple-

CiteScore

10.20

自引率

16.40%

发文量

期刊介绍： The International Journal of Entrepreneurial Behavior & Research (IJEBR) has a unique focus on publishing original research related to the human and social dynamics of entrepreneurship, and entrepreneurial management in small and growing organizations. The journal has an international perspective on entrepreneurship and publishes conceptual papers and empirical studies which bring together issues of interest to academic researchers and educators, policy-makers and practitioners worldwide.The editorial team encourages high-quality submissions which advance the study of human and behavioural dimensions of entrepreneurship and smaller organizations. Examples of topics which illustrate the scope of the journal are provided below. Topicality Nascent entrepreneurship and new venture creation Management development and learning in smaller businesses Enterprise and entrepreneurship education, learning and careers Entrepreneurial psychology and cognition Management and transition in smaller, growing and family-owned enterprises Corporate entrepreneurship and venturing Entrepreneurial teams, management and organizations Social, sustainable and informal entrepreneurship National and international policy, historical and cultural studies in entrepreneurship Gender, minority and ethnic entrepreneurship Innovative research methods and theoretical development in entrepreneurship Resourcing and managing innovation in entrepreneurial ventures.