Firm Performance: The Role of the Manager’s Financial Attitude

Addo Selma Dzifa () and Asantey Joseph
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Addo Selma Dzifa: Accra Institute of Technology, Accra, Ghana.
Asantey Joseph: Accra Institute of Technology, Accra, Ghana.

Zagreb International Review of Economics and Business, 2025, vol. 28, issue 1, 147-168

Abstract: The study embarked on a comprehensive exploration into the intricate dynamics of how the financial attitudes held by managers within firms exert influence over firm performance. The primary aim of the study was to delve into the multifaceted relationship between a manager’s financial attitude and the performance of their firm, with a particular focus on the crucial factor of financial access. Data was collected from small firms in Takoradi, with 350 managers participating in the research. The study utilized Partial Least Squares Structural Equation Modeling (PLS SEM) as the primary analytical method. Results revealed that while the relationship between credit access and firm performance was not significant, there were positive and significant associations between financial attitude and both credit access and firm performance. However, the study unveiled an intriguing discovery, it determined that the indirect influence of financial attitude on firm performance through credit access did not hold statistical significance.

Keywords: Firm Performance; Financial Attitude; Credit Access; SMEs; SEM (search for similar items in EconPapers)
JEL-codes: G53 L26 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:zirebs:v:28:y:2025:i:1:p:147-168:n:1007

DOI: 10.2478/zireb-2025-0007

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