African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4194

Full Length Research Paper

The joint effect of firm capability and access to finance on firm performance among small businesses: A developing country perspective

Peter Turyakira
  • Peter Turyakira
  • Department of Marketing and Management, College of Business and Management Sciences, Makerere University, Kampala, Uganda.
  • Google Scholar
Sendawula Kasimu
  • Sendawula Kasimu
  • Department of Marketing and Management, College of Business and Management Sciences, Makerere University, Kampala, Uganda.
  • Google Scholar
Pedson Turyatunga
  • Pedson Turyatunga
  • Eastern and Southern African Management Institute, Arusha, Tanzania.
  • Google Scholar
Saadat Nakyejwe Kimuli
  • Saadat Nakyejwe Kimuli
  • Department of Entrepreneurship, Makerere University Business School, Kampala, Uganda.
  • Google Scholar


  •  Received: 24 January 2019
  •  Accepted: 19 February 2019
  •  Published: 28 March 2019

References

Abaho E, Aarakit S, Ntayi J, Kisubi M (2017). Firm Capabilities, Entrepreneurial Competency and Performance of Ugandan SMEs. Business Management Review 19(2):105-125.

 

Eniola AA, Entebang H (2016). Financial literacy and SME firm performance. International Journal of Research Studies in Management 5(1):31-43.

 
 

Adomako S, Danso A (2014). Financial Literacy and Firm performance The moderating role of financial capital availability and resource flexibility. Available at: 

View

 
 

Ambrosini V, Bowman C, Collier N (2009). Dynamic capabilities: an exploration of how firms renew their resource base. British Journal of Management 20:S9-S24.
Crossref

 
 

Barney JB, Arikan AM (2001). The resource-based view: Origins and implications. Handbook of strategic management. pp. 124-188.

 
 

Barney JB (2001). Resource-based theories of competitive advantage: A ten-year retrospective on the resource-based view. Journal of Management 27(6):643-650.
Crossref

 
 

Barney J (1991). Firm resources and sustained competitive advantage. Journal of Management 17(1):99-120.
Crossref

 
 

Carmeli A, Tishler A (2004). Resources, capabilities, and the performance of industrial firms: A multivariate analysis. Managerial and Decision Economics 25(6‐7):299-315.
Crossref

 
 

DeSarbo WS, Di Benedetto CA, Song M (2007). A heterogeneous resource based view for exploring relationships between firm performance and capabilities. Journal of Modelling in Management 2(2):103-130.
Crossref

 
 

OECD (2010). "Bologna +10" high-level meeting on SMEs and entrepreneurship. Available at: 

View

 
 

Eikelenboom B (2005). Organizational capabilities and bottom line performance: The relationship between organizational architecture and strategic performance of business units in Dutch headquartered multinationals. Eburon Uitgeverij BV.

 
 

Eisenhardt KM, Martin JA (2000). Dynamic capabilities: What are they? Strategic Management Journal 21(10/11):1105-1121.
Crossref

 
 

Fowowe B (2017). Access to finance and firm performance: Evidence from African countries. Review of Development Finance 7(1):6-17.
Crossref

 
 

Garman ET, Forgue R (2011). Personal finance. Cengage Learning.

 
 

Gathungu JM, Mwangi K (2012). Dynamic capabilities, talent development and firm performance. DBA Africa Management Review 2(3):83-100.

 
 

Harash E, Al-Timimi S, Alsaadi J (2014). Effects of financing on performance of small and medium enterprises (SMEs). International Journal of Management 2(10):1-9.

 
 

Harelimana JB (2017). Role of Access to Finance for the Performance of Small and Medium Enterprises in Muhoza Sector, Rwanda. Account and Financial Management Journal 2(01):559-567.
Crossref

 
 

Helfat CE, Peteraf MA (2003). The dynamic resource‐based view: Capability lifecycles. Strategic Management Journal 24(10):997-1010.
Crossref

 
 

Ismail AI, Rose RC, Uli J, Abdullah H (2012). The relationship between organisational resources, capabilities, systems and competitive advantage. Asian Academy of Management Journal 17(1):151-173.

 
 

Krammer SM, Strange R, Lashitew A (2018). The export performance of emerging economy firms: The influence of firm capabilities and institutional environments. International Business Review 27(1):218-230.
Crossref

 
 

Krejcie RV, Morgan DW (1970). Determining sample size for research activities. Educational and Psychological Measurement 30:607-610.
Crossref

 
 

Kyophilavong P (2011). SMEs access to finance: Evidence from Laos. Small and Medium Enterprises (SMEs) Access to Finance in Selected East Asian Economies pp. 117-150.

 
 

Lau CM, Ngo HY (2004). The HR system, organizational culture, and product innovation. International Business Review 13(6):685-703.
Crossref

 
 

Marimuthu M, Arokiasamy L, Ismail M (2009). Human capital development and its impact on firm performance: Evidence from developmental economics. Journal of International Social Research 2(8):265-272.

 
 

Malhotra A, Gosain S, Sawy OAE (2005). Absorptive capacity configurations in supply chains: gearing for partner-enabled market knowledge creation. MIS Quarterly 29(1):145-187.
Crossref

 
 

Miller D, Lee J, Chang S, Le Breton-Miller I (2009). Filling the institutional void: The social behavior and performance of family vs non-family technology firms in emerging markets. Journal of International Business Studies 40(5):802-817.
Crossref

 
 

Mulyono F (2013). Firm Capability dalam Teori Resource-Based View. Jurnal Administrasi Bisnis 9(2):128-143.

 
 

Nangoli S, Turinawe DD, Kituyi GM, Kusemererwa C, Jaaza M (2013). Towards enhancing business survival and growth rates in LDCS: an exploratory study of the drivers of business failure among SMEs in Kampala-Uganda. International Journal of Humanities and Social Science 3(8):284-291.

 
 

Nunnally JC, Bernstein IH (1994). Psychometric theory (3rd ed.). New York: McGraw-Hill.

 
 

Osunsan OK, Nowak J, Mabonga E, Pule S, KibirigeAR, Baliruno JB (2015). Firm age and performance in Kampala, Uganda: A selection of small business enterprises. International Journal of Academic Research in Business and Social Sciences 5(4):364-374.
Crossref

 
 

Penrose E, Penrose ET (2009). The Theory of the Growth of the Firm. Oxford University Press.

 
 

Petersen MA, Schoeman I (2008). Modeling of banking profit via return-on-assets and return-on-equity. In Proceedings of the World Congress on Engineering. pp. 1-6.

 
 

Salkind NJ (2011). 100 questions (and answers) about research methods. SAGE.

 
 

Sánchez O (2011). Mobilizing resources in Latin America: The political economy of tax reform in Chile and Argentina.

 
 

Sebikari KV (2014). Entrepreneurial Performance and Small Business Enterprises in Uganda. International Journal of Small Business and Entrepreneurship Research 2(4):1-12. Available at: 

View

 
 

Sendawula K, Turyakira P, Bananuka J (2018a). Adoption of sustainable entrepreneurship in small and medium enterprises (smes) in developing countries: literature review. Journal of Advances in Social Science and Humanities 4(2):1-7.

 
 

Sendawula K, Turyakira P, Alioni C (2018b). Sustainable entrepreneurship intention among University students in Uganda: A conceptual paper. African Journal of Business Management 12(6):131-139.
Crossref

 
 

Teece DJ (2014). A dynamic capabilities-based entrepreneurial theory of the multinational enterprise. Journal of International Business Studies 45(1):8-37.
Crossref

 
 

Teece DJ, Pisano G, Shuen A (1997). Dynamic capabilities and strategic management. Strategic Management Journal 18(7):509-533.
Crossref

 
 

Tuan NP, Yoshi T (2010). Organisational capabilities, competitive advantage and performance in supporting industries in Vietnam. Asian Academy of Management Journal 15(1):1-21.

 
 

Uganda National Bureau of Standard (2012). Annual report. Available at: 

View

 
 

Vijay L, Ajay VK (2011). Entrepreneurial Competency in SME? S. Bonfring International Journal of Industrial Engineering and Management Science 1(Special Issue Inaugural Special Issue):05-10.

 
 

Wachira MI, Kihiu EN (2012). Impact of financial literacy on access to financial services in Kenya. International Journal of Business and Social Science 3(19):12. Available at: 

View

 
 

Wang HC, He J, Mahoney JT (2009). Firm‐specific knowledge resources and competitive advantage: the roles of economic‐and relationship‐based employee governance mechanisms. Strategic Management Journal 30(12):1265-1285.
Crossref

 
 

Weinstein O, Azoulay N (1999). Firms'capabilities And Organizational Learning A critical survey of some literature. Available at: 

View

 
 

Wernerfelt B (1984). A resource‐based view of the firm. Strategic Management Journal 5(2):171-180.
Crossref

 
 

Zahra SA, Sapienza HJ, Davidsson P (2006). Entrepreneurship and dynamic capabilities: A review, model and research agenda. Journal of Management Studies 43(4):917-955.
Crossref