The Impact of Financial Management Practices on Growth and Development of Micro and Small Enterprise. (The Case of Addis Ketema Sub-City, Addis Ababa, Ethiopia
Finansal Yönetim Uygulamalarinin Mikro ve Küçük İşletmelerin Büyüme ve Gelişmeleri Üzerine Etkisi. (Addis Ketema Belediyesi, Addis Ababa, Etiyopya)

Author : Celal Hakan KAĞNICIOĞLU - Seyfedin Mohammed SEYFEDIN
Number of pages : 33-50

Abstract

According to the studies, lack of finance is the most dominant constraint of MSEs in developing countries. Hence, management of financial resource is critical for small business development. This study aimed in assessing the impact of financial management practice on growth and development of MSEs. Survey data was obtained from 146 MSE owners through questioner. Sample units were selected using convenience sampling method. Once data is collected, a Descriptive and Explanatory method of data analysis was implemented. Accordingly, despite strong relationship found between financial management and growth & development, poor financial management practice which strongly affect performance of MSEs was observed.

Keywords

MSE, Financial Management, Growth & Development

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