Abstract
The literature on access to finance has confirmed a positive relationship between access to finance and firm growth. Yet the boundary conditions for such linkage are less examined in the context of developing economies. This study draws on resource-based view to introduce financial literacy as a moderator of the relationship between access to finance and firm growth. This theoretically derived research model is empirically tested using survey data from 201 small and medium-sized enterprises in Ghana. Our empirical findings suggest that financial literacy positively enhances the access to finance-firm growth relationship.
| Original language | English |
|---|---|
| Pages (from-to) | 43-61 |
| Journal | Venture Capital |
| Volume | 18 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 8 Jul 2016 |