Small and Medium-Sized Enterprises Financing: A Review of Literature

Abdulaziz M. Abdulsaleh, Andrew C. Worthington

Abstract


There is no doubt that access to finance is of crucial importance for the ongoing and sustainable growth and
profitability of small and medium enterprises sector (SMEs) through its role in facilitating the creation of new
businesses and nurturing the innovation process as well as promoting the growth and development of existing
businesses, which in turn, boost national economic growth. The main motive of this paper is that SMEs
significantly differ from large firms in terms of their financial decisions and behaviour. Hence, the purpose of
this paper is to review the literature on the various financing sources of SMEs taking into account the effects of
both SME characteristics and those of the owner–managers on SME financial behaviour.


Full Text: PDF DOI: 10.5539/ijbm.v8n14p36

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.