期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2019
卷号：9
期号：6
页码：24-43
DOI：10.6007/IJARBSS/v9-i6/5918
语种：English
出版社：Human Resource Management Academic Research Society
摘要：This study examined the influence of trade credit and debt finance structure on the growth of SMEs in Rwanda guided by two specific objectives; to investigate the influence of trade credit finance structure on the growth of small and medium manufacturing enterprises in Rwanda and to evaluate the influence of debt finance structure on the growth of small and medium manufacturing enterprises in Rwanda. The study used mixed research design for collecting, analyzing and integrating data using a target population of all the 868 small and medium manufacturing enterprises registered with Rwanda Development Board. Stratified random sampling technique was used to draw a sample size of 273 SMEs. Close-ended questionnaires were used in data collection and data was analyzed by way of Statistical Package for Social Science (SPSS) to generate descriptive statistics. Multiple regression analysis was used to explore the relationship between trade credit, debt finance and growth of small and medium size manufacturing enterprises in Rwanda. Analysis of variance (ANOVA) was utilized to test the significance of the model. Results of R2 indicted the goodness fit of the regression model. Study findings show that trade credit finance structure has a positive and significant effect on growth of small and medium manufacturing enterprise in Rwanda while results on debt finance structure were found to be insignificant. Based on these findings, the study recommends that stakeholders should ensure availability of various financing options for SMEs in Rwanda.
