出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：One of the most important resources required by owners of Small and Medium Enterprises (SMEs) in their operation is capital. When internal funds become inadequate for the running of the business, the need arises for owners to seek external funding to support what is generated internally. Many SMEs in Ghana have not utilized the banks in their pursuit for external funding and that is a source of worry for both parties. This study was then motivated to find out the factors contributing to this action. A sample size of 125 SME owners was made to respond to questions pertaining to the objective of the study. The data generated was analyzed using an Econometric views regression model called the probit model and it turned out that, four out of the eight variables used in the study had significant effect on the willingness of SMEs owners to seek funding from banks. The study therefore concluded among other things that, firms prefer to deal with banks they are not familiar with and also innovative oriented firms are not necessarily large firms.
