IDEAS home Printed from https://ideas.repec.org/a/aii/ijcmss/v6y2015i1p12-19.html
   My bibliography  Save this article

Financial Management as a Tool for the Growth of Small Business Enterprises in Lagos State: An Empirical Approach

Author

Listed:
  • Olajide Olubayo Thomas

    (Department of Business Administration and Management Technology, Lagos State University, Ojo, Lagos, Nigeria.)

  • Adeoye Abayomi Olarewaju

    (Department of Business Administration and Management Technology, Lagos State University, Ojo, Lagos, Nigeria.)

  • Tijani A. Adekunle

    (Department of Business Administration and Management Technology, Lagos State University, Ojo, Lagos, Nigeria.)

  • Elegunde Ayobami Folarin

    (Department of Business Administration and Management Technology, Lagos State University, Ojo, Lagos, Nigeria.)

Abstract

This study seeks to investigate the role of financial management on the growth of Small Business Enterprise in Lagos state in Nigeria. The growth of Small Business has been hampered by lack of finance through misappropriation of funds which is affecting the capital base, market share number of employees, and productivity. The study revealed that there is a relationship between financial management and growth of SBE. The research also revealed that having financial management knowledge does not guarantee the achievement of SBE goals and objectives. The study therefore recommended that training centre should be established by government for entrepreneurs. Equally, employment of financial management experts should be encouraged amidst Small Business owners.

Suggested Citation

  • Olajide Olubayo Thomas & Adeoye Abayomi Olarewaju & Tijani A. Adekunle & Elegunde Ayobami Folarin, 2015. "Financial Management as a Tool for the Growth of Small Business Enterprises in Lagos State: An Empirical Approach," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 6(1), pages 12-19, January.
    • Handle: RePEc:aii:ijcmss:v:6:y:2015:i:1:p:12-19
    as

    Download full text from publisher

    File URL: http://scholarshub.net/index.php/ijcms/article/view/163/157
    Download Restriction: no
    File URL: http://scholarshub.net/index.php/ijcms/article/view/163
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. ,, 2004. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 20(2), pages 427-429, April.
    2. ,, 2004. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 20(1), pages 223-229, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tian, Zhaolu & Li, Zi-Cai & Huang, Hung-Tsai & Chen, C.S., 2017. "Analysis of the method of fundamental solutions for the modified Helmholtz equation," Applied Mathematics and Computation, Elsevier, vol. 305(C), pages 262-281.
    2. McHugh, Sandie & Ranyard, Rob & Lewis, Alan, 2011. "Understanding and knowledge of credit cost and duration: Effects on credit judgements and decisions," Journal of Economic Psychology, Elsevier, vol. 32(4), pages 609-620, August.
    3. Agnieszka Kurdyś-Kujawska & Agnieszka Sompolska-Rzechuła & Joanna Pawłowska-Tyszko & Michał Soliwoda, 2021. "Crop Insurance, Land Productivity and the Environment: A Way forward to a Better Understanding," Agriculture, MDPI, vol. 11(11), pages 1-17, November.
    4. Stelios Rozakis, 2010. "Hybrid linear programming to estimate CAP impacts of flatter rates and environmental top-ups," Working Papers 2010-03, Agricultural University of Athens, Department Of Agricultural Economics.
    5. repec:dau:papers:123456789/2887 is not listed on IDEAS
    6. Patrick Bolton & Olivier Jeanne, 2009. "Structuring and Restructuring Sovereign Debt: The Role of Seniority -super-1," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(3), pages 879-902.
    7. Matthias Sweet & Mengke Chen, 2011. "Does regional travel time unreliability influence mode choice?," Transportation, Springer, vol. 38(4), pages 625-642, July.
    8. van der Laan, G. & Talman, A.J.J. & Yang, Z.F., 2005. "Computing Integral Solutions of Complementarity Problems," Other publications TiSEM b8e0c74e-2219-4ab0-99a2-0, Tilburg University, School of Economics and Management.
    9. Wenfeng Chi & Yuanyuan Zhao & Wenhui Kuang & Tao Pan & Tu Ba & Jinshen Zhao & Liang Jin & Sisi Wang, 2021. "Impact of Cropland Evolution on Soil Wind Erosion in Inner Mongolia of China," Land, MDPI, vol. 10(6), pages 1-16, June.
    10. Patrick Bolton & Olivier Jeanne, 2005. "Structuring and Restructuring Sovereign Debt: The Role of Seniority," NBER Working Papers 11071, National Bureau of Economic Research, Inc.
    11. Yulin Zhao, 2012. "Positive Solutions for ( k , n − k ) Conjugate Multipoint Boundary Value Problems in Banach Spaces," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2012, pages 1-18, August.
    12. Nick Middleton & Utchang Kang, 2017. "Sand and Dust Storms: Impact Mitigation," Sustainability, MDPI, vol. 9(6), pages 1-22, June.
    13. Tarantino, Emanuele & Pavanini, Nicola & Mayordomo, Sergio, 2020. "The Impact of Alternative Forms of Bank Consolidation on Credit Supply and Financial Stability," CEPR Discussion Papers 15069, C.E.P.R. Discussion Papers.
    14. Sonia Ben Othman & Rym Chemmam & Habib Mâagli, 2013. "Asymptotic Behavior of Ground State Radial Solutions for -Laplacian Problems," Journal of Mathematics, Hindawi, vol. 2013, pages 1-7, February.
    15. Truong Duong & Nguyen Tan, 2012. "On the existence of solutions to generalized quasi-equilibrium problems," Journal of Global Optimization, Springer, vol. 52(4), pages 711-728, April.
    16. , & ,, 2015. "Strategy-proofness and efficiency with non-quasi-linear preferences: a characterization of minimum price Walrasian rule," Theoretical Economics, Econometric Society, vol. 10(2), May.
    17. Wagener, F.O.O., 2009. "On conjugate points and the Leitmann equivalent problem approach," CeNDEF Working Papers 09-08, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    18. Misbah Haque & Imran Ali, 2016. "Uncertain Environment and Organizational Performance: The Mediating Role of Organizational Innovation," Asian Social Science, Canadian Center of Science and Education, vol. 12(9), pages 124-124, September.
    19. Elena Vitalievna, Lebedeva, 2018. "Forced Migration: Trends and Future Directions Overview of Current Developments," MPRA Paper 106600, University Library of Munich, Germany, revised 2018.
    20. Jérôme Creel & Éloi Laurent & Jacques Le Cacheux, 2007. "Politiques et performances macroéconomiques de la zone euro. Institutions, incitations, stratégies," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 249-281.
    21. T Peña & P Lara & C Castrodeza, 2009. "Multiobjective stochastic programming for feed formulation," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(12), pages 1738-1748, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aii:ijcmss:v:6:y:2015:i:1:p:12-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mr. Asif Anjum (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.