Effect of owner-manager's financial literacy on the performance of SMEs in the Cape Coast Metropolis in Ghana

被引：30

作者：

Agyapong, Daniel ^{[1
]}

Attram, Albert Bampo ^{[2
]}

机构：

[1] Univ Cape Coast, Cape Coast, Ghana

[2] Univ Educ, Educ Adm & Management, Winneba, Ghana

来源：

JOURNAL OF GLOBAL ENTREPRENEURSHIP RESEARCH | 2019年 / 9卷 / 01期

关键词：

Financial literacy; SME performance; Structural equation modeling; RESOURCE; FIRM; PLS; CONSTRAINTS; FIELD;

D O I：

10.1186/s40497-019-0191-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Financial literacy enables owner-managers of SMEs to understand and assess their own financial needs and make rational financial decisions. The paper explores the financial literacy of owner-managers of SMEs in the Cape Coast Metropolis and how such literacy influences the performance of their businesses. The study population were owner-managers of registered SMEs in the Cape Coast Metropolis from the National Board for Small and Medium Enterprise, out of which a sample of 132 was selected through the simple random sampling technique. The data was analyzed using Structural Equation Model. The results showed a positive relationship between financial literacy and the firm's financial performance (t = 35.631, p < .00). The paper recommends that policy makers should specifically design a program and platform targeted at further enhancing the financial literacy level of these owner-managers to help improve the performance of their firms.

引用

页数：13

共 66 条

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[2]

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