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Exploring the Impact of Debt Financing in Entrepreneurial Growth in Plateau State: The Mediating Role of Strategic Partnerships

Author

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  • Ogundare Nathaniel Jide

    (Department of Business Administration, Faculty of Management Sciences, University of Jos, Jos, Nigeria)

  • Yilshian Noel Nkup

    (Department of Business Administration, Faculty of Management Sciences, University of Jos, Jos, Nigeria)

  • Roseline Bentu

    (Department of Business Administration, Faculty of Management Sciences, University of Jos, Jos, Nigeria)

  • Imawa Elizabeth Ekoja

    (Department of Business Administration, Faculty of Management Sciences, University of Jos, Jos, Nigeria)

  • Abba Tijjani Maryam

    (School of Management Sciences, Department of Marketing, Federal Polytechnic Bauchi, Nigeria)

  • Jaafar Aliyu Liman

    (School of Management Study, Department of Business Administration and Management, Abubarkar TatariAli Polytechinic, Bauchi, Nigeria)

Abstract

Access to financing is a critical determinant of entrepreneurial growth, yet the dynamics of how debt financing influences this growth, particularly in developing regions like Plateau State, remain underexplored. This study aims to investigate the impact of debt financing on entrepreneurial growth while examining the mediating role of strategic partnerships. The objectives include assessing the relationship between debt financing and entrepreneurial growth, exploring the significance of strategic partnerships, and understanding how these partnerships mediate this relationship. Utilizing a mixed-methods approach, the study surveyed a population of 13,756 SMEs, from which a sample of 250 was drawn using Taro Yamane’s formula. Data collection involved structured questionnaires and qualitative interviews, while data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM) and NVivo software. The findings revealed significant positive relationships among the constructs, leading to the rejection of all four null hypotheses. Quantitative results indicated that debt financing substantially contributes to entrepreneurial growth (β = 0.45, p

Suggested Citation

  • Ogundare Nathaniel Jide & Yilshian Noel Nkup & Roseline Bentu & Imawa Elizabeth Ekoja & Abba Tijjani Maryam & Jaafar Aliyu Liman, 2025. "Exploring the Impact of Debt Financing in Entrepreneurial Growth in Plateau State: The Mediating Role of Strategic Partnerships," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(1), pages 86-97, January.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:1:p:86-97
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