Analysis of Determinants of Revolving Credit for Small and Medium Construction Enterprises: A Case of Gauteng Province
| Autor: | Stephen O. Ekolu, Olanrewaju Abdul Balogun, Nazeem Ansary |
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| Rok vydání: | 2017 |
| Předmět: |
Variables
Revolving credit business.industry Collateral media_common.quotation_subject 05 social sciences Questionnaire Credit reference Accounting 030206 dentistry General Medicine 03 medical and health sciences 0302 clinical medicine Credit history 0502 economics and business Position (finance) Business Dependant 050203 business & management media_common |
| Zdroj: | Procedia Engineering. 196:244-252 |
| ISSN: | 1877-7058 |
| Popis: | Small and medium construction enterprises (SMEs) are an important vehicle to drive the economic growth globally. However, this enterprise sector has been constrained by different factors that stifle their full participation in the main stream economy specially credit accessibility. There is paucity of research to verify the determinants that predict revolving credit accessibility from financial institutions in South Africa. The data was obtained using questionnaire survey. 179 small and medium contractors responded from conveniently sampled respondents in Gauteng province in South Africa. The data was analysed using Statistical Package for the Social Sciences (SPSS) version 22. The study found that the dependant variable i.e. revolving credit was not predicted by the independent variables suggested i.e. gender, age group, current position, organization ownership, tax number, location and collateral. The finding informs bank managers they should not force clients to submit collateral before awarding credit to the SMEs. The suggested model that was tested attained the Hosmer and Lemeshow Test goodness of fit hence the results were credible. However, a further study is proposed for the entire country as the researchers acknowledge limitation on the chosen location of study. |
| Databáze: | OpenAIRE |
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