Determinants of financing constraints in East African countries’ SMEs
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Date
2013
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Canadian Center of Science and Education
Abstract
Small and Medium-sized Enterprises (SMEs) are the main player in developing and strengthening zonal integration. This study used a sample of 1933 firms located within 5 East African countries with economic integration known as East Africa Community (EAC). Data was extracted from World Bank Business Enterprises Survey to evaluate determinants of financing obstacles of firms. Analysis of data was conducted by running ordered probit model and multivariate regression model to determine which firms’ industry or country’s characteristics explain and experienced financial constraints in their operations. The study found out that financing constraints in East African firms broadly based across firms but SMEs are mostly affected.
Description
Full text article. Also available at http://dx.doi.org/10.5539/ijbm.v8n8p49
Keywords
Financing constraint, SMEs, Small and Medium Enterprises, East African countries, Economic integration, East Africa Community, EAC
Citation
Kira, A. R. (2013). Determinants of financing constraints in East African countries' SMEs. International Journal of Business and management, 8(8), 49.