Record Details

Internationalisation and financing options of Ghanaian SMEs

Acta Commercii

Field Value
Title Internationalisation and financing options of Ghanaian SMEs
Creator Abor, Joshua
Description This article presents a study of internationalisation and the financing options of Ghanaian small and medium scale nontraditional exporters. The article also examines how the age and size of an organisation affect the choice of financing. The results show a positive association between debt financing and the age of an organisation. Over time, organisations become more acceptable investments to lenders, and consequently older organisations are more likely to obtain debt financing than their younger counterparts. With respect to size, the results again indicate that larger organisations are more likely to receive debt financing. The results also show a positive relationship between degree of internationalisation and debt financing. The results suggest that as organisations engage more in international activities, they employ more debt but use less of equity financing. This is explained by the fact that organisations involved in international business tend to be more diversified and, as such, are capable of accommodating more debt capital
Publisher AOSIS
Date 2004-12-05
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion —
Format application/pdf
Identifier 10.4102/ac.v4i1.53
Source Acta Commercii; Vol 4, No 1 (2004); 60-72 1684-1999 2413-1903
Language eng
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Rights Copyright (c) 2004 Joshua Abor