Murtala Aminu, Ibrahim and Mohd Shariff, Mohd Noor (2015) Influence of strategic orientation on SMEs access to finance in Nigeria. Asian Social Science, 11 (4). pp. 298-309. ISSN 1911-2017

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Abstract

The paper examined the influence of EO, MO, LO, and TO on SMEs financial capital accessibility in Nigeria.The purpose of this paper is to establish the role of firm strategic orientation in helping SMEs improve their financial access. A total of 362 questionnaires from SMEs in North Western Nigeria were used in this study.Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to test the study hypotheses.Using SmartPLS 3.0 the findings indicates that strategic orientations are important drivers of firm success to finance.The result further suggests that SMEs who configured and utilized their strategic activities are more likely to get more cash flow, profit and retained earnings and will obtain a loan from external sources.To get an adequate financial capital SMEs need to improve their marketing activities, learn more from their experience and environment and lastly produce product with high technological improvement.At the same time they should avoid too much emphasis on taking risky business decision and investments.

Item Type:	Article
Uncontrolled Keywords:	entrepreneurial orientation, market orientation, learning orientation, technology orientation, SMEs access to finance
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	School of Business Management
Depositing User:	Prof. Dr. Mohd Noor Mohd Shariff
Date Deposited:	15 Jun 2016 06:15
Last Modified:	15 Jun 2016 06:15
URI:	https://repo.uum.edu.my/id/eprint/18095

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