Neneh Brownhilder Ngek
Performance implications of financial capital availability on the financial literacy – performance nexus in South Africa
University of the Free State
need making optimal financial decisions important small medium enterprises smes especially smes always financially constrained consequently increasing interest researchers determine well financial literacy skills enable entrepreneurs make decisions result optimal financial outcomes possible enhance performance growth businesses study objectives find impact financial literacy firm performance well examine moderating effect financial capital availability financial literacy performance relationship amongst sme free state province south africa results showed average sme low levels financial literacy financial capital availability also observed financial literacy positively influenced sme performance relationship positively moderated financial capital availability therefore necessary sme owners develop financial literacy skills essential part entrepreneurial activities likewise since businesses rely financial capital invest develop grow policy makers put place measures bridge access finance gap thus ensure entrepreneurs relieved financing constraints