TOWARDS UNDERSTANDING FINANCIAL BEHAVIOR OF SMES: ROLE OF SOCIO-PSYCHOLOGICAL FACTORS OF OWNER-MANAGER

Rabia Rasheed (), Maria Abdul Rahman () and Syed Abid Ur Rahman ()
Additional contact information
Rabia Rasheed: University Utara Malaysia
Maria Abdul Rahman: University Utara Malaysia
Syed Abid Ur Rahman: Universiti Utara Malaysia

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, 2016

Abstract: Understanding SMEs’ use/adoption of financial services is prerequisite for policy makers and managers of financial institutions interested in their growth and development. The study seeks to explore influence of personal characteristics of owner-manager on firms’ financial behavior to use financial services. Qualitative methodology has been employed to propose alternate model of understanding financial behavior of firms as influenced by socio-psychological factors of owner-managers. Study makes use of Theory of Planned Behavior and its variants to support the proposed model. The study suggests that theories of behavior need to be applied to better understand the owner-manager’s intentions to use financial services, which in turn reflect SMEs’ financial behavior. The proposed model and relationships would help policy makers, managers and research scholars to better understand SMEs financial behavior. There is need for comparative empirical studies examining the propositions made by the study. The papers discusses the demand side issues and proposes a general model of socio-psychological factors of ownermanager that affect SMEs’ decisions toward usage of financial services.

Keywords: Financial Behavior; Socio-psychological Factors; Pakistan (search for similar items in EconPapers)
JEL-codes: M1 M31 Z33 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_4_2016.pdf Revised version, 2016 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bbn:journl:2016_4_5_rasheed

Access Statistics for this article

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA is currently edited by Cornelia Pop

More articles in JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA from Babes-Bolyai University, Faculty of Business Contact information at EDIRC.
Bibliographic data for series maintained by Cornelia Pop ( this e-mail address is bad, please contact ).