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Effect of Quality of Financial Information on the Financing Policy of Women Led Small and Medium Size Enterprises in Kenya
| Content Provider | Semantic Scholar |
|---|---|
| Author | Minado, Okwiri Saad Simiyu, Gregory Namusonge |
| Copyright Year | 2019 |
| Abstract | This study sought to appraise the effect of financial information quality on the financing policy of women led small and medium size enterprises (SMEs) in Kenya. Drawing from a target population of 1746 firms, the study was designed as a cross sectional survey covering a sample of 188 firms down from 290 in the original sample after adjusting for 29 in the pilot test sample group and 73 non responses. It translated to a response rate of 72% which was adequate for testing the hypothesis that the quality of financial information has no significant effect on the debt equity ratio, the proxy of financing policy, of the women led SMEs. Primary data relating to relevance, reliability, understandability and comparability of financial information available to the SMEs as collected using questionnaires were used in the study. After establishing the nature of SMEs using descriptive statistics and ANOVA, the study used a linear regression to test the null hypothesis at 95% confidence interval using the t-statistic and p-value. The study rejected null hypothesis and found out that quality of financial information positively affects the financing policy as proxied by the debt equity ratio. Although useful and innovative in establishing how quality of information affected the financing policy of the SMEs, the study was limited to a cross sectional analysis because of the poor recording keeping aspects of the SMEs and focused only on women led SMEs in Kenya, aspects that may limit the generalizability of the findings. It is recommended that similar studies be done among other spectra of SMEs to provide comparable findings. Regulators need to enhance efforts to facilitate quality of information available to SMEs to help improve their financing policy. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.ijssit.com/main/wp-content/uploads/2019/02/Effect-of-Quality-of-Financial-Information-on-the-Financing-Policy-of-Women-Led-SMEs-in-Kenya.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
