© 2017

Entrepreneurial Finance for MSMEs

A Managerial Approach for Developing Markets


Table of contents

  1. Front Matter
    Pages i-xviii
  2. The Entrepreneurial Setting

    1. Front Matter
      Pages 1-1
    2. Joshua Yindenaba Abor
      Pages 3-19
    3. Joshua Yindenaba Abor
      Pages 21-50
    4. Joshua Yindenaba Abor
      Pages 51-66
  3. The Financial Environment and Finance Providers

    1. Front Matter
      Pages 67-67
    2. Joshua Yindenaba Abor
      Pages 69-85
    3. Joshua Yindenaba Abor
      Pages 87-105
    4. Joshua Yindenaba Abor
      Pages 107-152
    5. Joshua Yindenaba Abor
      Pages 153-167
  4. Financial Performance and Planning

    1. Front Matter
      Pages 169-169
    2. Joshua Yindenaba Abor
      Pages 171-197
    3. Joshua Yindenaba Abor
      Pages 199-224
    4. Joshua Yindenaba Abor
      Pages 225-255
  5. Valuation

    1. Front Matter
      Pages 257-257
    2. Joshua Yindenaba Abor
      Pages 259-291
    3. Joshua Yindenaba Abor
      Pages 321-355
  6. Financing Choice and Harvesting

    1. Front Matter
      Pages 357-357
    2. Joshua Yindenaba Abor
      Pages 359-369

About this book


This book provides a framework for understanding micro, small and medium sized enterprises (MSMEs) as important contributors to economic growth. By examining the economic and investment decisions behind these businesses, the author shows how managers of MSMEs can add value to the firm by applying managerial finance tools. Early chapters establish the basic tenets of new venture development and financing and explore the economic environment that business-owners inhabit, focusing on venture capital, microfinance intervention, and public sector interventions. Later chapters guide the reader through the process of financial planning and forecasting, and valuation, finishing with insights into how to harvest investments and make sound financial decisions. The book has interdisciplinary appeal and offers a timely consideration of MSMEs in developing economies. It will be valuable reading for all interested in the management and development of small businesses, the finance of entrepreneurship and policy affecting small and medium sized enterprises.


MSMEs Micro Enterprises Small Enterprises Medium Enterprises SMEs Venture Capital Financial planning Working Capital Management Financing MSMEs Access to finance MFIs Microfinance Institutions Financial Statement Analysis Entrepreneurship Capital investment New venture valuation model Investment harvesting

Authors and affiliations

  1. 1.University of Ghana Business SchoolAccraGhana

About the authors

Joshua Yindenaba Abor is a Professor of Finance and the Dean at the University of Ghana Business School. He is a researcher with the African Economic Research Consortium. Joshua is a Visiting Professor of Development Finance at the UCT Graduate School of Business, University of Cape Town, South Africa, and has also held Visiting Scholar positions at the IMF, Washington DC, USA. 

Bibliographic information

Industry Sectors
Finance, Business & Banking