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The relationship between SME financial sustainability and owners’ financial well-being in South Africa

Author

Listed:
  • Thabiso Msomi

    (Durban University of Technology)

  • Kansilembo Aliamutu

    (University of KwaZulu Natal)

Abstract

This study examines the relationship between financial sustainability and the financial well-being of SME owners in Durban, South Africa. Utilising a quantitative research design, data were gathered through close-ended surveys from a diverse cross-section of SME owners, employing a cross-sectional approach.The study adopted a positivist philosophical framework, emphasising quantitative data analysis to derive conclusions. A total of 250 responses were collected, yielding a robust response rate of 82%. The analysis involved descriptive statistics and correlation analysis, with the correlation matrix revealing a positive, statistically significant correlation (r = 0.504, p

Suggested Citation

  • Thabiso Msomi & Kansilembo Aliamutu, 2024. "The relationship between SME financial sustainability and owners’ financial well-being in South Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 13(5), pages 579-587, July.
    • Handle: RePEc:rbs:ijbrss:v:13:y:2024:i:5:p:579-587
    DOI: 10.20525/ijrbs.v13i5.3464
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    References listed on IDEAS

    as
    1. Olawale Fatoki, 2018. "The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa," Sustainability, MDPI, vol. 10(7), pages 1-12, July.
    2. Elias L. Khalil, 2022. "Solving the income-happiness paradox," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 69(3), pages 433-463, September.
    3. Umer Mushtaq Lone & Suhail Ahmad Bhat, 2024. "Impact of financial literacy on financial well-being: a mediational role of financial self-efficacy," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(1), pages 122-137, March.
    4. repec:oap:ijaefa:v:16:y:2023:i:1:p:77-85:id:901 is not listed on IDEAS
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