Research Article Published 31 January 2017

The Moderating Role of Access to Finance on the Impact of Entrepreneurial Awareness on Nigerian SMEs’ Performance

How to Cite

How to Cite

Shamsudeen, K., Keat, O. Y., & Hassan, H. (2017). The Moderating Role of Access to Finance on the Impact of Entrepreneurial Awareness on Nigerian SMEs’ Performance. Journal of Business Management and Accounting, 7(1), 89-103. https://doi.org/10.32890/jbma2017.7.1.8827
Kabir Shamsudeen
Shehu Shagari College of Education, Sokoto, Nigeria
Ooi Yeng Keat
School of Business Management, College of Business, Universiti Utara Malaysia, Sintok, Kedah, Malaysia
Hazlinda Hassan
School of Business Management, College of Business, Universiti Utara Malaysia, Sintok, Kedah, Malaysia
Citations
1
OpenAlex, highest of the sources checked
Reads
355
Abstract + full text
Downloads
133
PDF and XML
Percentile
90th
By citations, works of the same year

Article

This study aims at examining the moderating role of access to finance on the relationship between entrepreneurial awareness and SMEs performance in north-western Nigeria. Literature suggested many factors as determinants of SMEs performance. But, few studies have been attempted to consider the influence of entrepreneurial awareness on SME performance in Nigeria. These few studies came up with mixed findings. Hence, this study aims to fill up the gap that exists in the extant literature by employing quantitative survey method. Using 354 owner/managers of SMEs in Kano, Kaduna and Sokoto State in north-western Nigeria. PLS-SEM was used for data analysis. It was found that entrepreneurial awareness is positively related to SME performance and access to finance is negatively and significantly related to SME performance. Additionally, access to finance moderates the relationship between entrepreneurial awareness and SME performance. Implication of the finding and suggestion for future research were also discussed

Entrepreneurial awareness access to finance PLS SMEs performance Nigeria

Metrics & impact

Citations by source

Harvested 30-09-2026

Counts differ by index because each source crawls a different corpus. Crossref counts only registered reference lists; Google Scholar includes theses, preprints and grey literature.

OpenAlex
1
Open corpus, updated daily View →
OpenCitations
1
Open references only View →
Crossref
1
Deposited reference lists only View →
Scopus
0 Not indexed
Indexed titles only View →
Google Scholar
Publishes no citation count that can be read automatically.
Includes theses and preprints Search →
Dimensions
Publishes no citation count that can be read automatically.
Includes policy documents Search →

Citations over time

New citations recorded in each year, as reported by OpenAlex.

1
0
2025 2026

Reads & downloads

Abstract views 355
PDF downloads 133
XML downloads 0
Full-text HTML 0
Counted under COUNTER Release 5 rules; known robots excluded.

Attention beyond citation

Citation percentile 90th
Field-weighted citation impact 0.00
Works this article cites 30

From OpenAlex. A field-weighted impact of 1.00 is the world average for work of the same field, type and year. No Altmetric key is configured, so news, policy and social attention are not shown.

Identifiers

References

References 43
Deposited to Crossref with the article DOI
  1. Ajemunigbohun, S. S., Ademola, S. O., & Iyun, A. S. (2014). An exploratory study of the awareness and accessibility of microinsurance products in selected insurance companies in Lagos, Nigeria. European Journal of Business and Management, 6(28), 1-9.
  2. Akingunola, R. O. (2011). Small and medium scale enterprises and economic growth in Nigeria: An assessment of financing options. Pakistan Journal of Business and Economic Review, 2(1), 78, 97.
  3. Aktan, B., & Bulut, C. (2008). Financial performance impacts of corporate entrepreneurship in emerging markets: a case of Turkey. European Journal of Economics, Finance and Administrative Sciences, 12(8), 1530-2275.
  4. Aminu, I. M., & Shariff, M. N. M. (2014). Mediating role of access to finance on the relationship between strategic orientation and SMEs performance in Nigeria: A proposed research framework. International Journal of Management Research & Review, 4(11), 1023-1035.
  5. Ardichvili, A., Cardozo, R., & Ray, S. (2003). A theory of entrepreneurial opportunity identification and development. Journal of Business Venturing, 18(1), 105-123.
  6. Ardichvili, A., & Cardozo, R. N. (2000). A model of the entrepreneurial opportunity recognition process. Journal of Enterprising Culture, 8(02), 103-119.
  7. Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, 51(6), 1173.
  8. Berger, A. N., & Udell, G. F. (2006). A more complete conceptual framework for SME finance. Journal of Banking and Finance, 30(11), 2945-2966.
  9. Berry, A. J., Sweeting, R., & Goto, J. (2006). The effect of business advisers on the performance of SMEs. Journal of Small Business and Enterprise Development, 13(1), 33-47.
  10. Chin, W. W. (1998). The partial least squares approach to structural equation modeling. Modern Methods for Business Research, 295(2), 295-336.
  11. Demir, F., & Caglayan, M. (2012). Firm productivity, exchange rate movements, sources of finance and export orientation. Elsevier, 54, 204-219
  12. Dess, G. G., & Robinson, R. B. (1984). Measuring organizational performance in the absence of objective measures: The case of the privately‐held firm and conglomerate business unit. Strategic Management Journal, 5(3), 265-273.
  13. Gbandi, E., & Amissah, G. (2014). Financing options for small and medium enterprises (SMEs) in Nigeria. European Scientific Journal, 10(1), 327-340.
  14. Giannetti, M., & Ongena, S. (2009). Financial integration and firm performance: Evidence from foreign bank entry in emerging markets. Review of Finance, 13(2), 181-223.
  15. Hair, J. F. (2010). Multivariate data analysis: A global perspective (7th Ed Ed.). Prentice Hall: Upper Saddle River.
  16. Hair, J. F., Ringle, C. M., & Sarstedt, M. (2011). PLS-SEM: Indeed a silver bullet. Journal of Marketing Theory and Practice, 19(2), 139-152.
  17. Hansen, G. S., & Wernerfelt, B. (1989). Determinants of firm performance: The relative importance of economic and organizational factors. Strategic Management Journal, 10(5), 399-411.
  18. Kamyabi, Y., & Devi, S. (2011). Accounting outsourcing and firm performance in Iranian SMEs. International Journal of Economics and Finance, 3(4), P181.
  19. Kumar, M., Talib, S. A., & Ramayah, T. (2013). Business research methods: Oxford Fajar/Oxford University Press.
  20. Mahmood, R., & Hanafi, N. (2013). Entrepreneurial orientation and business performance of women-owned small and medium enterprises in Malaysia: Competitive advantage as a mediator. International Journal of Business and Social Science (IJBSS), 4(1), 82-90.
  21. Man, M. M. K. (2009). The relationship between innovativeness and the performance of small and medium-size enterprises (SMEs) of Malaysian manufacturing sector. International Journal of Management and Innovation, 1(2), 1.
  22. Mansor, N., Shariff, A. M., & Manap, N. R. A. (2012). Determinants of awareness on Islamic financial institution e-banking among Malaysian SMEs. International Journal of Business and Social Science, 3(5), 93-101.
  23. Martin, K. D., Cullen, J. B., Johnson, J. L., & Parboteeah, K. P. (2007). Deciding to bribe: A cross-level analysis of firm and home country influences on bribery activity. Academy of Management Journal, 50(6), 1401-1422.
  24. Mazanai, M., & Fatoki, O. (2012). Perceptions of start-up small and medium-sized enterprises (SMEs) on the importance of business development services providers (BDS) on improving access to finance in South Africa. Journal of Social Sciences, 30(1), 31-41. 102 Journal of Business Management and Accounting, 7 (1) 2017: 89-
  25. Mot, P. (2011). An entrepreneurial opportunity recognition model: Dubin’s theory-building framework. Waseda business and economic studies, (46), 103-129.
  26. Nambisan, S., Agarwal, R., & Tanniru, M. (1999). Organizational mechanisms for enhancing user innovation in information technology. MIS Quarterly, 23(3), 365-395.
  27. NBS, & SMEDAN. (2012). National Bureau of Statistics (NBS) and small and medium enterprises development agency of Nigeria, survey report on MSME in Nigeria. 2010 National NSME Collaborative Survey. (2012 Ed.). Abuja: MSME. pp. 1-183.
  28. Oduyoye, O. O., Adebola, S. A., & Binuyo, A. O. (2013). Services of small and medium enterprises development agency of Nigeria (SMEDAN) and small business survival in Ogun State, Nigeria. Singaporean Journal of Business Economics and Management Studies, 1(11), 31-43.
  29. Panian, & Spremić, M. (2004). Awareness of the impact of business model selection on the e-business efficiency in croatian enterprises. Paper Presented at The WSEAS International Conference on Internet, Communications and Video Technologies ICOMIV.
  30. Rahaman, M. M. (2011). Access to financing and firm growth. Journal of Banking and Finance, 35(3), 709-723.
  31. Ribeiro Soriano, D., Fornoni, M., Arribas, I., & Vila, J. E. (2012). An entrepreneur’s social capital and performance: The role of access to information in the Argentinean case. Journal of Organizational Change Management, 25(5), 682-698.
  32. Ringim, K. J. (2012). Effect of business process reengineering factors on organizational performance: IT capability as a moderator. Universiti Utara Malaysia.
  33. Singh, G., & Belwal, R. (2008). Entrepreneurship and SMEs in Ethiopia: Evaluating the role, prospects and problems faced by women in this emergent sector. Gender In Management: An International Journal, 23(2), 120-136.
  34. SMEDAN. (2012). Survey report on micro, small and medium enterprises (SMEs) in Nigeria. Abuja:Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).
  35. Subhani, M. I., & Osman, M. (2011). A study on the association between brand awareness and consumer/brand loyalty for the packaged milk industry in Pakistan. South Asian Journal of Management Sciences 5(1 ), 11-23.
  36. Suliyanto, S., & Rahab, R. (2012). The role of market orientation and learning orientation in improving innovativeness and performance of small and medium enterprises. Asian Social Science, 8(1), P134.
  37. Tadesse, B. (2014). Access to finance for micro and small enterprises in Debre Markos Town Ethiopia. Global Journal of Current Research, 2(2), 36-46.
  38. Thong, S. K., Chye, C. S., & Fong, W. S. ( 2013). Awareness of microfinance within the central region, Malaysia. Paper Presented At The 3rd International Conference On Management, Hydro Hotel, Penang, Malaysia.
  39. Tomlinson, P. R. (2011). Strong ties, substantive embeddedness and innovation: Exploring differences in the innovative performance of small and medium‐sized firms in UK manufacturing. Knowledge and Process Management, 18(2), 95-108.
  40. Ugwu, F., & Ezeani, C. (2012). Evaluation of entrepreneurship awareness and skills among LIS students in universities in South East Nigeria, (836), 1-14.
  41. Wiklund, J., & Shepherd, D. (2005). Entrepreneurial orientation and small business performance: A configurational approach. Journal of Business Venturing, 20(1), 71-91.
  42. Xavier, S., Kelley, D., Kew, J., Herrington, M., & Vorderwülbecke, A. (2013). Global Report 2012, Massachusetts Global Entrepreneurship Monitor. pp. 1–87
  43. Zikmund, W., Babin, B., Carr, J., & Griffin, M. (2012). Business Research Methods: Cengage Learning. pp. 1-642

Most read articles by the same author(s)