Fanta, A. B., Mutsonziwa, K., Berkowitz, B., Maposa, O., Motsomi, A., & Khumalo, J. (2017). Small business performance: Does access to finance matter. Policy Research Paper , (05).
Access to finances is a key growth determinant for small businesses. Small businesses play an integral part in enhancing economic development in a country. Access to finance by small businesses is affected by several factors including awareness of funding chances, support for small business services, structure of financial industry, and collateral requirements. Necessary information concerning the availability of funding opportunities for small businesses is essential in ensuring accessibility to finances. The journal is appropriate for evaluation because it contains a theory that is related to the topic of study, that is, information asymmetry theory. The journal can be used to explain the factors that influence the access to finance by small businesses. Besides, it describes the various types of financing that are available for small businesses, for instance, equity financing and debt financing.
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Osano, H. M., & Languitone, H. (2016). Factors influencing access to finance by SMEs in
Mozambique: case of SMEs in Maputo central business district. Journal of Innovation and Entrepreneurship , 5 (1), 13.
Small businesses are essential in enhancing economic development through employment creation and fostering innovation and growth of the economy. Credit crunch to uncertain changes of terms or conditions and alteration of credit standards negatively affect the size of loans and rate. Moreover, economic crises and downturns in the banking sector like reduced profitability and loss of the back-credit framework have a negative impact on the operations of small businesses due to a reduction in lending level. Besides, there exists inadequate policy measures that seek to support small businesses. The financing cost for smaller businesses has remained high due to borrower’s risk and sovereign spreads. The euro region has experienced a slowdown in corporate funding due to the financial crisis that reduces the capability and willingness of a bank to lend loans. The journal is suitable for evaluation because it contains an empirical review that explains related studies of the research question. The article is useful because it can be used for developing policies that support small business during a crisis in the banking sector, for instance, development of particular emergency programs and credit mediation schemes.
Shinozaki, S. (2014). Capital market financing for SMEs: a growing need in emerging Asia (No. 121). ADB Working Paper Series on Regional Economic Integration.
Small businesses have emerged as the core pillar of a resilient national economy. The global economy has become uncertain and unstable thus creating the need for financial funding to foster small business survival and growth. Financial accessibility for small businesses needs to be increased to allow growth of emerging small businesses. This growth can be achieved by the diversification of modalities for financing to create a wider pool of finances. Capital markets should be developed to reduce the complexity of accessing funds due to unfavorable policies, securities, and regulatory demands. The responses towards the creation of capital markets in Asia should be in line with the emerging global policy agendas including energy efficiency, green finance, and climate change. The journal is suitable for reviewing because it is peer-reviewed and contain a reasonable conclusion. The journal can be used in the identification of the core factors that to be used in creating a small business market and primary policy pillar.
Wehinger, G. (2014). SMEs and the credit crunch. OECD Journal: Financial Market Trends , 2013 (2), 115-148.
The access to finances determines the performance of small businesses. Financial accessibility plays an essential role in fostering business survival and growth whereas the lack of funds is a core cause of business failure. A majority of small businesses start with owner’s capital, but their growth is limited due to low capital base. Also, inaccessibility to finance affect startups firms hence funding programs should be developed aimed at supporting entrepreneurs. Availability of finances for small businesses is determined by firm-level and macro-level elements that entail the efficiency of the banking industry. Besides, accessibility to finances is affected by tangible assets, educational level, experience, and age of the business owner. The journal is appropriate for evaluation because it contains a detailed analysis of how access to finances determines the performance of small business. Also, it is a peer-reviewed journal that includes an executive summary and conclusion. The journal can be used to determine the effect of finance availability on small business performance.
References
Fanta, A. B., Mutsonziwa, K., Berkowitz, B., Maposa, O., Motsomi, A., & Khumalo, J. (2017). Small business performance: Does access to finance matter. Policy Research Paper , (05).
Osano, H. M., & Languitone, H. (2016). Factors influencing access to finance by SMEs in Mozambique: case of SMEs in Maputo central business district. Journal of Innovation and Entrepreneurship , 5 (1), 13.
Shinozaki, S. (2014). Capital market financing for SMEs: a growing need in emerging Asia (No. 121). ADB Working Paper Series on Regional Economic Integration.
Wehinger, G. (2014). SMEs and the credit crunch. OECD Journal: Financial Market Trends , 2013 (2), 115-148.
