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    The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana

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    The moderating influence of financial literacy on the relationship between access to finance and firm growth.pdf (1.219Mb)
    Date
    2015-10-29
    Author
    Adomako, Samuel;
    Danso, Albert;
    Damoah, John Ofori
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    Abstract
    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)
    URI
    http://hdl.handle.net/2086/13893
    DOI
    http://dx.doi.org/10.1080/13691066.2015.1079952
    Research Institute : Finance and Banking Research Group (FiBRe)
    Peer Reviewed : Yes
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    • Department of Accounting and Finance [414]

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