Entrepreneur-SME Manager Traits and Sources of Financing

  • Abiodun Anthony Eniola
Part of the Palgrave Studies of Entrepreneurship in Africa book series (PSEA)


This chapter examines the influence of owner-manager characteristics on the choice of the sources of financing of Nigerian small and medium-sized enterprises (SMEs). Logistic regression analysis was utilised to evaluate the impact of entrepreneur-SME manager traits on the choice of financing. The findings show that in a considerable way, gender, education, religion, business status and management experience impact the choice of sources of SME financing in Nigeria. SMEs essentially with education and religion are disposed to internal funding sources while the ones with experience, gender and business status prefer external funding sources and the older and bigger firms make more use of debt financing. The study has provided an indication concerning the application of the organisational capability proposition. Therefore, the organisational capability theory is affirmed. This study outlines the evidence discussed and expands the existing literature. The methodology and the experiential outcomes provide a level of analysis unmatched via the prior study on Nigerian firm owners-managers from an academic opinion level. Likewise, the findings will deepen the knowledge, understanding and so the perception of entrepreneur-SME manager. They can impact through the abilities of the firm owners-managers, plan for and adapt to the business environment in which they operate and assist them in their decision process with respect to their organisation’s capital structure amid an interval when entrepreneur financing fuss are progressively evoked in the Nigerian environment.


SME Entrepreneur Financing sources Nigeria Organizational capabilities Managers 


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Authors and Affiliations

  • Abiodun Anthony Eniola
    • 1
  1. 1.Department of Business ManagementUniversiti Malaysia SarawakKota SamarahanMalaysia

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