IDEAS home Printed from https://ideas.repec.org/a/vrs/foeste/v21y2021i2p57-75n5.html
   My bibliography  Save this article

Sustaining South African small and medium-sized enterprises through monetary access and Literacy in the COVID-19 ERA

Author

Listed:
  • Msomi Thabiso Sthembiso

    (Department of Management Accounting, Faculty of Accounting and Informatics, Durban University of Technology, South Africa)

  • Olarewaju Odunayo Magret

    (Department of Management Accounting, Faculty of Accounting and Informatics, Durban University of Technology, South Africa)

  • Ngcobo Xolani

    (Department of Management Accounting, Faculty of Accounting and Informatics, Durban University of Technology, South Africa)

Abstract

Research background: Monetary access and literacy are significant factors of concern confronting the survival and sustainability of small and medium-sized enterprises.

Suggested Citation

  • Msomi Thabiso Sthembiso & Olarewaju Odunayo Magret & Ngcobo Xolani, 2021. "Sustaining South African small and medium-sized enterprises through monetary access and Literacy in the COVID-19 ERA," Folia Oeconomica Stetinensia, Sciendo, vol. 21(2), pages 57-75, December.
    • Handle: RePEc:vrs:foeste:v:21:y:2021:i:2:p:57-75:n:5
    DOI: 10.2478/foli-2021-0016
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/foli-2021-0016
    Download Restriction: no
    File URL: https://libkey.io/10.2478/foli-2021-0016?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. Faiza Manzoor & Longbao Wei & Noman Sahito, 2021. "The role of SMEs in rural development: Access of SMEs to finance as a mediator," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-18, March.
    3. Grohmann, Antonia & Klühs, Theres & Menkhoff, Lukas, 2018. "Does financial literacy improve financial inclusion? Cross country evidence," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 111, pages 84-96.
    4. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    5. Fix, Blair, 2018. "The trouble with human capital theory," Working Papers on Capital as Power 2018/07, Capital As Power - Toward a New Cosmology of Capitalism.
    6. Matias, Fernanda & Serrasqueiro, Zélia, 2017. "Are there reliable determinant factors of capital structure decisions? Empirical study of SMEs in different regions of Portugal," Research in International Business and Finance, Elsevier, vol. 40(C), pages 19-33.
    7. Fix, Blair, 2018. "The Trouble With Human Capital Theory," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 86, pages 15-32.
    8. Prince Gyimah & Kingsley O. Appiah & Robert N. Lussier, 2020. "Success versus Failure Prediction Model for Small Businesses in Ghana," Journal of African Business, Taylor & Francis Journals, vol. 21(2), pages 215-234, June.
    9. Fix, Blair, 2018. "The Trouble with Human Capital Theory," SocArXiv ax6k7, Center for Open Science.
    10. Najib Ullah Khan & Shuangjie Li & Muhammad Nabeel Safdar & Zia Ullah Khan, 2019. "The Role of Entrepreneurial Strategy, Network Ties, Human and Financial Capital in New Venture Performance," JRFM, MDPI, vol. 12(1), pages 1-16, March.
    11. Kausik Chaudhuri & Subash Sasidharan & Rajesh Seethamma Natarajan Raj, 2020. "Gender, small firm ownership, and credit access: some insights from India," Small Business Economics, Springer, vol. 54(4), pages 1165-1181, April.
    12. Barua, Rashmi & Koh, Benedict & Mitchell, Olivia S., 2018. "Does financial education enhance financial preparedness? Evidence from a natural experiment in Singapore," Journal of Pension Economics and Finance, Cambridge University Press, vol. 17(3), pages 254-277, July.
    13. Grohmann, Antonia, 2018. "Financial literacy and financial behavior: Evidence from the emerging Asian middle class," Pacific-Basin Finance Journal, Elsevier, vol. 48(C), pages 129-143.
    14. Francesca Bartolacci & Andrea Caputo & Michela Soverchia, 2020. "Sustainability and financial performance of small and medium sized enterprises: A bibliometric and systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1297-1309, March.
    15. Gregory F. Udell, 2020. "Sme Access To Finance And The Global Financial Crisis," Journal of Financial Management, Markets and Institutions (JFMMI), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-25, June.
    16. Jianmu Ye & KMMCB Kulathunga, 2019. "How Does Financial Literacy Promote Sustainability in SMEs? A Developing Country Perspective," Sustainability, MDPI, vol. 11(10), pages 1-21, May.
    17. Daudi Kitomo & Robson Likwachala & Cornelio Swai, 2021. "Financial Management Practices Among Micro Enterprises and their Implications for Loan Repayment: A Case of Solidarity Group Lending of DCB Commercial Bank in Dar es Salaam," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(12), pages 122-122, December.
    18. George Okello Candiya Bongomin & John C. Munene & Joseph Mpeera Ntayi & Charles Akol Malinga, 2018. "Exploring the mediating role of social capital in the relationship between financial intermediation and financial inclusion in rural Uganda," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(5), pages 829-847, May.
    19. Ndeye Ndiaye & Lutfi Abdul Razak & Ruslan Nagayev & Adam Ng, 2018. "Demystifying small and medium enterprises’ (SMEs) performance in emerging and developing economies," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 18(4), pages 269-281, December.
    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. Fix, Blair, 2019. "How the Rich Are Different: Hierarchical Power as the Basis of Income Size and Class," SocArXiv t8muy, Center for Open Science.
    2. Blair Fix, 2021. "How the rich are different: hierarchical power as the basis of income size and class," Journal of Computational Social Science, Springer, vol. 4(2), pages 403-454, November.
    3. Fix, Blair, 2019. "How the rich are different: Hierarchical power as the basis of income size and class," Working Papers on Capital as Power 2019/02 (v.2), Capital As Power - Toward a New Cosmology of Capitalism.
    4. Fix, Blair, 2021. "The Rise of Human Capital Theory," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 95, pages 29-41.
    5. Jackline Kavoki & Dr. Evans Kiganda PhD & Dr. Destaings Nyongesa PhD, 2023. "Effect of Government Funding to Secondary Schools on Gender Parity in Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(10), pages 2320-2332, October.
    6. Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Lisa Fukuda, 2019. "Gender and Corporate Success: An Empirical Analysis of Gender-Based Corporate Performance on a Sample of Asian Small and Medium-Sized Enterprises," Working Papers id:13032, eSocialSciences.
    7. Abdullah Hamoud Ali Seraj & Syed Ali Fazal & Ali Saleh Alshebami, 2022. "Entrepreneurial Competency, Financial Literacy, and Sustainable Performance—Examining the Mediating Role of Entrepreneurial Resilience among Saudi Entrepreneurs," Sustainability, MDPI, vol. 14(17), pages 1-17, August.
    8. AHMAD Idris & ALNI Rahmawati & ARNI Surwanti & MAMDUH M. Hanafi, 2023. "Financial Literacy To Improve Sustainability: A Bibliometric Analysis," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(3), pages 24-43, December.
    9. Peter J. Morgan & Long Q. Trinh, 2019. "Determinants and Impacts of Financial Literacy in the Lao PD," Working Papers id:13014, eSocialSciences.
    10. Tan, Jing & Cai, Dongliang & Han, Kefei & Zhou, Kui, 2022. "Understanding peasant household’s land transfer decision-making: A perspective of financial literacy," Land Use Policy, Elsevier, vol. 119(C).
    11. Grimes, Paul W. & Lopus, Jane S. & Amidjono, Dwi Sulistyorini, 2022. "Financial life-skills training and labor market outcomes in Indonesia," International Review of Economics Education, Elsevier, vol. 41(C).
    12. Muliadi Muliadi & Dio Caisar Darma & Jati Kasuma, 2020. "MSMEs as mediation in the effects of investment credit, interest rates, and labor on economic growth: Evidence from Indonesia," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 9(2), pages 01-12, April.
    13. Sheza Riaz & Hadi Hassan Khan & Bilal Sarwar & Wahab Ahmed & Noor Muhammad & Sajjida Reza & Sheikh Muhammad Nabeel Ul Haq, 2022. "Influence of Financial Social Agents and Attitude Toward Money on Financial Literacy: The Mediating Role of Financial Self-Efficacy and Moderating Role of Mindfulness," SAGE Open, , vol. 12(3), pages 21582440221, August.
    14. Jianmu Ye & KMMCB Kulathunga, 2019. "How Does Financial Literacy Promote Sustainability in SMEs? A Developing Country Perspective," Sustainability, MDPI, vol. 11(10), pages 1-21, May.
    15. Florentina Kurniasari & Elissa Dwi Lestari & Hendy Tannady, 2023. "Pursuing Long-Term Business Performance: Investigating the Effects of Financial and Technological Factors on Digital Adoption to Leverage SME Performance and Business Sustainability—Evidence from Indo," Sustainability, MDPI, vol. 15(16), pages 1-20, August.
    16. García-Pérez-de-Lema, Domingo & Ruiz-Palomo, Daniel & Diéguez-Soto, Julio, 2021. "Analysing the roles of CEO's financial literacy and financial constraints on Spanish SMEs technological innovation," Technology in Society, Elsevier, vol. 64(C).
    17. Morgan, Peter J. & Long, Trinh Quang, 2020. "Financial literacy, financial inclusion, and savings behavior in Laos," Journal of Asian Economics, Elsevier, vol. 68(C).
    18. Morgan, Peter J. & Trinh, Long Q., 2019. "Fintech and Financial Literacy in the Lao PDR," ADBI Working Papers 933, Asian Development Bank Institute.
    19. Muhammad Anwar & Shaungjie Li & Ahmed Al-Omush & Munther Al-Nimer, 2023. "SMEs’ Internationalization: Mapping the Field through Finance, ITC, and Social Ties," Sustainability, MDPI, vol. 15(4), pages 1-21, February.
    20. Hickel, Jason & Dorninger, Christian & Wieland, Hanspeter & Suwandi, Intan, 2022. "Imperialist appropriation in the world economy: drain from the global South through unequal exchange, 1990–2015," LSE Research Online Documents on Economics 113823, London School of Economics and Political Science, LSE Library.

    More about this item

    Keywords

    Monetary Access; monetary Literary; small and medium-sized enterprises; sustainability;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

    Statistics

    Access and download statistics

    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:vrs:foeste:v:21:y:2021:i:2:p:57-75:n:5. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.