Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs
Journal Title: Global Social Sciences Review - Year 2019, Vol 4, Issue 1
Abstract
The study investigates the impact of various financing sources of working capital and fixed investment on sales growth. Population of the study comprises South Asian Association for Regional Cooperation (SAARC) countries’ small and medium sized enterprises (SMEs). Data of 6777 SMEs is retrieved from World Bank’s website. Multiple regression model is used to achieve the study objectives. Results signify a positive link between bank financing use for working capital and sales growth while the negative link between friends and family finance and sales growth is observed. Similarly all formal sources of finance used for fixed investment have positive link with sales growth. Finally, it is found that the government interventions and policy makers can alleviate access to formal sources of finance for boosting sales growth.
Authors and Affiliations
Asad Ullah, Muhammad Khushnood, Hafiz Ullah
Keywords
Related Articles
- EP ID EP606466
- DOI 10.31703/gssr.2019(IV-I).17
- Views 58
- Downloads 0
Social and Academic Adjustment of the University Students
The study finds relationship between social and academic adjustments of BS students in University of Sargodha Pakistan. A sample of 550 BS students was selected from different departments through multistage random sampli...
Impact of Trade Liberalization on the Industry Wages in Pakistan (1995 — 2015)
The paper estimates the effects of trade reforms on workers' earnings in Pakistan's manufacturing sector during 1995-2015, employing data from 14 rounds of the Pakistan Labour Force Survey. OLS technique has been used fo...
Sino-Indian Engagement in Central Asia: Implications for Pakistan
Five Central Asian Republics (CARs) got independence in December 1991 as a result of the collapse of the USSR. Politically, economically, strategically and geographically Central Asia is regarded as the Heart of Asia. Th...
A Voyage of Esprit-De-Corps: A Sectorial Comparison
Esprit-De-Corps encompasses cohesion, loyalty and unity within an organization. The study is focused on the existing threads of EspritDe-Corps and its comparison in public and private sector universities. A sample of 533...
An Analysis of Insurgency in Afghanistan (2001 - 2016)
Afghanistan has been wrapped in insurgency since the Russian withdrawal in 1979, followed by civil war. The emergence of Taliban to power with their self-styled type of imposition of Islamic law compelled the great power...