Dr Mary Nanyondo mary.nanyondo@durham.ac.uk
Assistant Professor
Dr Mary Nanyondo mary.nanyondo@durham.ac.uk
Assistant Professor
Venancio Tauringana
Nixon Kamukama
Stephen Nkundabanyanga
The eminence of investigating the relationship between quality of financial statements, information asymmetry, perceived risk and access to finance by Ugandan Small and Medium–sized Enterprises (SMEs) is well understood in the literature. This study is cross–sectional and correlational. Using Ordinary Least Squares (OLS) multiple regression, we determine the magnitude/strength of the relationship between the dependent and independent variables. Data are obtained from a questionnaire survey of a sample of 75 SMEs registered and operating in Kampala, Uganda. The results indicate that there is a significant positive relationship between quality of financial statements and access to finance, and a significant negative relationship between information asymmetry and access to finance. However, perceived risk is not significantly associated with access to finance. The interaction between quality of financial statements and perceived risk is negative, meaning that high–quality financial statements coupled with high perceived risk will result in low access to finance. Overall, our model explains 63.7% of the variation in access to finance.
Nanyondo, M., Tauringana, V., Kamukama, N., & Nkundabanyanga, S. (2014). Quality of financial statements, information asymmetry, perceived risk and access to finance by Ugandan SMEs. International Journal of Management Practice, 7(4), 324-340. https://doi.org/10.1504/ijmp.2014.065230
Journal Article Type | Article |
---|---|
Online Publication Date | Oct 17, 2014 |
Publication Date | 2014 |
Deposit Date | Sep 25, 2020 |
Journal | International Journal of Management Practice |
Print ISSN | 1477-9064 |
Electronic ISSN | 1741-8143 |
Publisher | Inderscience |
Volume | 7 |
Issue | 4 |
Pages | 324-340 |
DOI | https://doi.org/10.1504/ijmp.2014.065230 |
Public URL | https://durham-repository.worktribe.com/output/1291633 |
About Durham Research Online (DRO)
Administrator e-mail: dro.admin@durham.ac.uk
This application uses the following open-source libraries:
Apache License Version 2.0 (http://www.apache.org/licenses/)
Apache License Version 2.0 (http://www.apache.org/licenses/)
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2025
Advanced Search