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Influence of Financial Management Capabilities on Semi-Formal Financial Accessibility among Incubated Small and Medium Entrepreneurs in Tanzania
Corresponding Author(s) : Degratias Kibona
The UONGOZI Journal of Management and Development Dynamics ,
Vol. 32 No. 1 (2022): The UONGOZI Journal of Management and Development Dynamics
Abstract
Financial management capabilities are expected to positively influence financial accessibility among entrepreneurs. This article examines the influence of financial management capabilities among incubated entrepreneurs on their access to semi-formal finance. Financial management capabilities were measured by financial decision-making, analysis of financial information, and financial planning capabilities. Relevant information was collected from 117 Tanzanian incubated entrepreneurs. Data was analysed using the SPSS Version 20, and multiple regression analysis to test the impact of financial decision-making, financial information analysis, and financial planning capabilities on the access to semi-formal finance. Findings suggest that analysis of financial information capabilities positively influence accessibility of semi-formal finance. However, financial decision-making and planning capabilities do not influence accessibility of semi-formal finance. The findingssuggest that policy makers and other stakeholders should focus on building and improving capabilities to analyse financial information among incubated small and medium entrepreneurs to increase their accessibility to semi-formal finance.
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