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Dysfunctional market or insufficient creditworthiness? : an exploration of financial constraint experienced by small, medium and micro enterprises in South Africa
Includes abstract.
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
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College of Accounting
2014
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| _version_ | 1867613208668274688 |
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| access_status_str | Open Access |
| author | Von Blottnitz, Magali |
| author2 | Uliana, Enrico |
| author_browse | Uliana, Enrico Von Blottnitz, Magali |
| author_facet | Uliana, Enrico Von Blottnitz, Magali |
| author_sort | Von Blottnitz, Magali |
| collection | Thesis |
| description | Includes abstract. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/5620 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:29.432Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | College of Accounting |
| publisherStr | College of Accounting |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/5620 Dysfunctional market or insufficient creditworthiness? : an exploration of financial constraint experienced by small, medium and micro enterprises in South Africa Von Blottnitz, Magali Uliana, Enrico Accounting Includes abstract. Includes bibliographical references (p. 212-228 ). The existence and prevalence of financial constraints has been extensively discussed in the international economic literature, and is implicit in debates on the performance and needs of South Africa’s Small, Medium and Micro Enterprises (SMMEs). However, there is little solid research measuring financial constraints among South African SMMEs. In addition, the reasons advanced for their financial constraints are often speculative and anecdotal rather than the result of sound research. The hypothesis of credit rationing, resulting from information asymmetries, is well established in theory but an additional explanatory hypothesis, the fragile financial structure of SMMEs, is often voiced by the South African finance community. With South African data being scarce and patchy, none of these hypotheses has been validated by empirical studies. The most likely reason for these gaps in literature is not a lack of interest, but the considerable difficulty of raising reliable data from SMMEs, a joint result of confidentiality, widespread informality in the sector, and the limitations of publicly available statistics in developing countries. Surveys of banks or SMMEs raise risks of partiality and limited ability of respondents to provide quantitative data, while accounting data are characterised by limited usability and reliability. This thesis attempts to address those challenges by exploring primary and secondary sources of data, combining the respective strengths of interview and financial data. 2014-07-31T12:12:59Z 2014-07-31T12:12:59Z 2009 Doctoral Thesis Doctoral PhD http://hdl.handle.net/11427/5620 eng application/pdf College of Accounting Faculty of Commerce University of Cape Town |
| spellingShingle | Accounting Von Blottnitz, Magali Dysfunctional market or insufficient creditworthiness? : an exploration of financial constraint experienced by small, medium and micro enterprises in South Africa |
| thesis_degree_str | Doctoral |
| title | Dysfunctional market or insufficient creditworthiness? : an exploration of financial constraint experienced by small, medium and micro enterprises in South Africa |
| title_full | Dysfunctional market or insufficient creditworthiness? : an exploration of financial constraint experienced by small, medium and micro enterprises in South Africa |
| title_fullStr | Dysfunctional market or insufficient creditworthiness? : an exploration of financial constraint experienced by small, medium and micro enterprises in South Africa |
| title_full_unstemmed | Dysfunctional market or insufficient creditworthiness? : an exploration of financial constraint experienced by small, medium and micro enterprises in South Africa |
| title_short | Dysfunctional market or insufficient creditworthiness? : an exploration of financial constraint experienced by small, medium and micro enterprises in South Africa |
| title_sort | dysfunctional market or insufficient creditworthiness an exploration of financial constraint experienced by small medium and micro enterprises in south africa |
| topic | Accounting |
| url | http://hdl.handle.net/11427/5620 |
| work_keys_str_mv | AT vonblottnitzmagali dysfunctionalmarketorinsufficientcreditworthinessanexplorationoffinancialconstraintexperiencedbysmallmediumandmicroenterprisesinsouthafrica |