Impact of bank finance on the survival of small and medium enterprises in Nigeria.

Ajiboye, B. O and Adeyonu, A. G and Faseyi, S. A and Isitor, S. U Impact of bank finance on the survival of small and medium enterprises in Nigeria. Impact of bank finance on the survival of small and medium enterprises in Nigeria.

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Abstract

Banking industries play an important role in the survival of Small and Medium Enterprises (SMEs) and it is known to provide a good business environment or investment climate that encourages private firms to be well managed, efficient, create jobs, increase the rate of economic growth and reduce poverty. The degree of backwardness of small and medium enterprises in Nigeria is not only associated by the poor management of the enterprise but also other complimentary services such as financial assistant of banking industry that would see businesses through their teething stages. Yet little or nothing is known about the impact of financial institution on the survival of SMEs in Nigeria. Hence this study analyzed the impact of bank finance on growth of small and medium Enterprises in relation to GDP growth. Secondary data was used for this study. The secondary data spanning from 1999-2013 was obtained from the World Bank’s Development indicators for 1999- 2013, and all other variables were obtained from the National Bureau of Statistics annual report, 2013 and Central Bank of Nigeria bulletin for 2013. The data collected was analyzed using Multiple Regression and Co-integration Model

Item Type: Article
Subjects: S Agriculture > S Agriculture (General)
Depositing User: FOLUKE DADA
Date Deposited: 03 Sep 2018 19:27
Last Modified: 03 Sep 2018 19:27
URI: https://eprints.lmu.edu.ng/id/eprint/1192

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