文章基本信息

标题：Financing of small and medium enterprises (SMEs): Determinants of bank loan application
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作者：Khalid Hassan Abdesamed ; Kalsom Abd Wahab
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2014
卷号：8
期号：17
页码：717-727
DOI：10.5897/AJBM2013.7222
语种：English
出版社：Academic Journals
摘要：The main focus of this paper is to answer the question, ‘what are the factors that determine a SME to apply for a bank loan?’ Four elements namely human capital, firm, business strategy and information asymmetry underlie this study’s theoretical framework. The main objective of the paper is to develop a bank loan model based on applicability. The model was developed using quantitative method coupled with a hypothetical-deductive testing approach, applied on primary data on loan applications gathered from the questionnaires. The logistic regression tests indicate that the business experience of a firm’s owner does not have a significant relation with the firm’s tendency to apply for a bank loan. The educational background of the firm’s owner, the firm’s size, collaterals and loans with interest were found to be negatively related to its tendency to apply for bank loans. However, the firm’s business plans and start-up relationship with bankers were found to be positively related to the firm’s applying bank loans.
关键词：SME bank loan application; education and experiences; firm size; business plan; collaterals; loan with interest; Libya