The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana
Date
2015-10-29Abstract
The literature on access to finance has confirmed a positive relationship between access to finance and firm growth. Yet the boundary conditions for such linkage are less examined in the context of developing economies. This study draws on resource-based view to introduce financial literacy as a moderator of the relationship between access to finance and firm growth. This theoretically derived research model is empirically tested using survey data from 201 small and medium-sized enterprises in Ghana. Our empirical findings suggest that financial literacy positively enhances the access to finance-firm growth relationship.
Description
Citation : Adomako, S., Danso, A. and Damoah, J. O. (2016) The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana. Venture Capital: An International Journal of Entrepreneurial Finance, 18 (1)
Research Institute : Finance and Banking Research Group (FiBRe)
Peer Reviewed : Yes