|
|
|
|
LEADER |
10272nam a2200301 c 4500 |
001 |
22-15-qucosa2-234519 |
007 |
cr |
008 |
2018 eng |
037 |
|
|
|a urn:nbn:de:bsz:15-qucosa2-234519
|
041 |
|
|
|a eng
|
082 |
|
|
|a 900
|
100 |
|
|
|a Kibona, Deogratias
|
245 |
|
|
|a The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania
|
336 |
|
|
|b txt
|
338 |
|
|
|b nc
|
533 |
|
|
|a Online-Ausg.
|d 2018
|e Online-Ressource (Text)
|f Universitätsbibliothek Leipzig
|
502 |
|
|
|b Dissertation
|c Universität Leipzig
|d 2018
|
505 |
|
|
|a Acknowledgement i Table of contentsiii List of tablesviii List of figuresxii Abbreviationsxv Zusammenfassungxx Summary xxxii CHAPTER ONE1 INTRODUCTION1 1.1 Background to the problem1 1.2 Statement of the Problem4 1.3 Objectives of the study10 1.3.1 General objective10 1.3.2 Specific objectives 10 CHAPTER TWO11 LITERATURE REVIEW11 2.1 Start-ups and Micro, Small and Medium Enterprises11 2.1.1 Micro, Small and Medium Enterprises11 2.1.1.1 MSMEs’ sector in Tanzania14 2.1.2 Start-ups15 2.1.2.1 Startups in Tanzania16 2.2 Business incubators18 2.2.1 Services provided by business incubators21 2.2.2 Business incubators in Tanzania23 2.3 Financial management capabilities 28 2.3.1 Financial management capabilities in MSMEs29 2.4 Financial system32 2.4.1 Formal financing 33 2.4.2 Informal financing33 2.4.3 Semi-formal financing34 2.4.4 Financing system in Tanzania 34 2.4.5 Informal and Semi-formal financing system in Tanzania36 2.4.5.1 Informal financiers37 2.4.5.2 Semi-formal financiers45 2.5 MSMEs’ financial accessibility52 2.5.1 MSMEs’ financial accessibility in Tanzania55 2.5.2 The role of business incubators in promoting MSMEs’ access to finance 56 2.6 Information asymmetries between MSMEs and financiers59 2.7 Theory of financial intermediation61 2.8 Social capital62 2.8.1 Role of social capital on MSMEs’ access to finance65 2.9 Summary of the theoretical framework69 2.10 Proposed model70 CHAPTER THREE75 RESEARCH METHODOLOGY75 3.1 Research Design75 3.2 Study Area76 3.3 Targeted population 78 3.4 Sample 79 3.5 Operational definitions and measurement of the variables83 3.5.1 Variable indicators83 3.5.2 Business incubators' monitoring services83 3.5.3 Financial management capabilities84 3.5.4 Incubatee's bonding social capital84 3.5.5 Incubatee's bridging social capital85 3.5.6 Incubatee's linking social capital85 3.5.7 Incubator manager's bonding social capital86 3.5.8 Incubator manager's bridging social capital86 3.5.9 Incubator manager's linking social capital87 3.5.10 MSMEs’ Financial accessibility87 3.6 Data collection instrument92 3.6.1 Questionnaire92 3.6.2 Personal interviews93 3.7 Data collection93 3.8 Data Analysis94 3.8.1 Qualitative data analysis94 3.8.2 Quantitative analysis95 3.8.2.1 Data preparation95 3.8.2.2 Descriptive statistics96 3.8.2.3 Factor analysis96 3.8.2.4 Inferential Statistics104 3.8.2.4.1 Spearman correlations analysis105 3.8.2.4.2 Kruskal-Wallis test105 3.8.2.4.3 Partial Least Squares regressions analysis105 3.9 Validity and Reliability106 3.9.1 Validity and reliability of qualitative research106 3.9.2 Validity and reliability in quantitative research107 CHAPTER FOUR110 PRESENTATION OF FINDINGS110 4.1 Introduction 110 4.2 Qualitative results110 4.2.1 Current status of business incubation programs in Tanzania110 4.2.2 Factors for business incubators’ successful financial intermediary role118 4.3 Quantitative results132 4.3.1 Descriptive results132 4.3.1.1 Sample demography133 4.3.1.1.1 Relationship between age and incubation period of incubated MSMEs133 4.3.1.1.2 Categorizing incubated MSMEs by number of employees and business capital 135 4.3.1.1.3 Distribution of incubatees by their nature of ownership and business activity138 4.3.1.1.4 Financiers’ provision of requested amount of loans to incubatees 140 4.3.1.2 The contribution of business incubators to MSMEs financial accessibility 145 4.3.1.2.1 The Business Incubator's Monitoring services146 4.3.1.2.2 Financial Management capabilities of incubatees147 4.3.1.2.3 MSMEs’ financial accessibility149 4.3.1.3 Relationship between business incubation models and models of MSMEs financing150 4.3.1.4 Factors for successful intermediary role of an incubator152 4.3.1.5 Incubatees and incubator managers’ social capital on Incubatees' financial accessibility155 4.3.2 The impact of business incubation on MSMEs access to informal and semi-formal finance160 4.3.2.1 Demographic characteristics of incubated enterprises161 4.3.2.2Relationship between business incubation models and models of financial accessibility165 4.3.2.3 Contribution of incubators to the MSMEs informal and semi-formal financial accessibility166 4.3.2.3.1 Impact of business incubator’s monitoring services on MSMEs’ informal and semi-formal financial accessibility167 4.3.2.3.2 Business incubators’ financial intermediation role between incubated MSMEs and financiers.170 4.3.2.4 Impact of incubatee and incubator manager’s social capital on iMFA and sMFA173 4.3.2.5 Moderating impact of Incubatee's and incubator manager's social capital on the FMC-MFA relationship 179 4.4 Summary of chapter four183 4.4.1 Developing a model on incubated MSMEs’ access to informal and semi- formal finance. 190 4.4.1.1 A model on incubated MSMEs’ access to informal finance190 4.4.1.2 A model on incubated MSMEs’ access to semi-formal finance.191 4.4.1.3 The influence of demographic characters on the relationship between social capital and financial accessibility.192 CHAPTER FIVE196 DISCUSSION OF FINDINGS196 5.1 Introduction196 5.2 Demographic characteristics of incubatees196 5.3 Relationship between business incubation models and models of financial accessibility201 5.4 Business incubators’ financial intermediation role between MSMEs and financiers.203 5.5 Factors for successful business incubator’s financial intermediary role 207 5.6 Impact of incubatee’s and incubator manager’s social capital on informal and semi-formal financial accessibility209 5.7 Moderating impact of Incubatee's and incubator manager's social capital on the FMC-MFA relationship 212 CHAPTER SIX214 CONCLUSIONS AND RECOMMENDATIONS214 6.1 Conclusions214 6.2 Recommendations221 6.3 Scope for further research229 Reference234 Appendix ITotal Variance Explained253 Appendix IIComponent Matrix254 Appendix IIIPattern Matrix255 Appendix IVQuestionnaire256 Appendix VQuestionnaire (Swahili version)261 Appendix VI Interview guide for the financiers (English version) 266 Appendix VIIInterview guide for the financiers (Swahili version)267 Apendix VIIIInterview guide for incubators’ managers and key informants (English version)268 Appendix IXInterview guide for incubators’ managers and key informants (Swahili version)269 Appendix XEigenständigkeitserklärung270
|
520 |
|
|
|a This research investigates the role business incubators on the MSMEs’ access to informal and semi-formal finance. To meet this purpose, firstly, the relationship between business incubation models and models of financial accessibility is assessed. secondly, the contribution of business incubators to the MSMEs informal and semi-formal financial accessibility is determined, by assessing the direct impact of monitoring services on financial accessibility and also assessing the incubator’s financial intermediation role between incubatees and financiers. Due to the important role played by social capital in non-formal financing, the influence of both incubatee and incubator manager’s social capital on incubatee’s informal and semi-formal financial accessibility is also investigated. The results indicate that, business incubator’s monitoring services have significant positive influence on incubatee’s access to informal and semi-formal finance, and also there is a significant positive relationship between monitoring services and financial management capabilities. Also, incubatee’s financial management capabilities have significant positive impact on semi-formal financial accessibility, nevertheless, there is insignificant relationship between incubatee’s financial management capabilities and informal financial accessibility. Furthermore, the results show, incubatee’s bonding and bridging social capital have direct positive impact on both informal and semi-formal financial accessibility, while incubator manager’s linking social capital has positive impact on semi-formal financial accessibility but insignificant impact on informal financial accessibility. Incubatee’s bridging social capital also negatively moderates the relationship between financial management capabilities and semi-formal financial accessibility, whereas incubatee’s bonding has no moderating effect on the same relationship. Incubator manager’s bonding and bridging social capital and incubatee’s linking social capital have insignificant direct impact on both informal and semi-formal financial accessibility, as well as insignificant moderating impact on the relationship between financial management capabilities and semi-formal financial accessibility. These findings show the importance of financial management capabilities on incubatee’s access to semi-formal finance and highlights the role of incubatee’s bonding and bridging network links and incubator manager’s linking social networks to the incubatee’s access to non-formal finance. They also reveal that informal financiers do not consider incubatee’s financial management capabilities as an important criterion in deciding to provide them credits
|
650 |
|
|
|a Business Incubators
|
650 |
|
|
|a Informal Finance
|
650 |
|
|
|a Semi-Formal Finance
|
650 |
|
|
|a Social Capital
|
650 |
|
|
|a Financial Management Capabilities
|
655 |
|
|
|a Hochschulschrift
|2 gnd-content
|
856 |
4 |
0 |
|q text/html
|u https://nbn-resolving.org/urn:nbn:de:bsz:15-qucosa2-234519
|z Online-Zugriff
|
935 |
|
|
|c hs
|
980 |
|
|
|a 15-qucosa2-234519
|b 22
|c sid-22-col-qucosa
|
SOLR
_version_ |
1796549732900798464 |
author |
Kibona, Deogratias |
author_facet |
Kibona, Deogratias |
author_role |
|
author_sort |
Kibona, Deogratias |
author_variant |
d k dk |
building |
Library A |
collection |
sid-22-col-qucosa |
contents |
Acknowledgement i Table of contentsiii List of tablesviii List of figuresxii Abbreviationsxv Zusammenfassungxx Summary xxxii CHAPTER ONE1 INTRODUCTION1 1.1 Background to the problem1 1.2 Statement of the Problem4 1.3 Objectives of the study10 1.3.1 General objective10 1.3.2 Specific objectives 10 CHAPTER TWO11 LITERATURE REVIEW11 2.1 Start-ups and Micro, Small and Medium Enterprises11 2.1.1 Micro, Small and Medium Enterprises11 2.1.1.1 MSMEs’ sector in Tanzania14 2.1.2 Start-ups15 2.1.2.1 Startups in Tanzania16 2.2 Business incubators18 2.2.1 Services provided by business incubators21 2.2.2 Business incubators in Tanzania23 2.3 Financial management capabilities 28 2.3.1 Financial management capabilities in MSMEs29 2.4 Financial system32 2.4.1 Formal financing 33 2.4.2 Informal financing33 2.4.3 Semi-formal financing34 2.4.4 Financing system in Tanzania 34 2.4.5 Informal and Semi-formal financing system in Tanzania36 2.4.5.1 Informal financiers37 2.4.5.2 Semi-formal financiers45 2.5 MSMEs’ financial accessibility52 2.5.1 MSMEs’ financial accessibility in Tanzania55 2.5.2 The role of business incubators in promoting MSMEs’ access to finance 56 2.6 Information asymmetries between MSMEs and financiers59 2.7 Theory of financial intermediation61 2.8 Social capital62 2.8.1 Role of social capital on MSMEs’ access to finance65 2.9 Summary of the theoretical framework69 2.10 Proposed model70 CHAPTER THREE75 RESEARCH METHODOLOGY75 3.1 Research Design75 3.2 Study Area76 3.3 Targeted population 78 3.4 Sample 79 3.5 Operational definitions and measurement of the variables83 3.5.1 Variable indicators83 3.5.2 Business incubators' monitoring services83 3.5.3 Financial management capabilities84 3.5.4 Incubatee's bonding social capital84 3.5.5 Incubatee's bridging social capital85 3.5.6 Incubatee's linking social capital85 3.5.7 Incubator manager's bonding social capital86 3.5.8 Incubator manager's bridging social capital86 3.5.9 Incubator manager's linking social capital87 3.5.10 MSMEs’ Financial accessibility87 3.6 Data collection instrument92 3.6.1 Questionnaire92 3.6.2 Personal interviews93 3.7 Data collection93 3.8 Data Analysis94 3.8.1 Qualitative data analysis94 3.8.2 Quantitative analysis95 3.8.2.1 Data preparation95 3.8.2.2 Descriptive statistics96 3.8.2.3 Factor analysis96 3.8.2.4 Inferential Statistics104 3.8.2.4.1 Spearman correlations analysis105 3.8.2.4.2 Kruskal-Wallis test105 3.8.2.4.3 Partial Least Squares regressions analysis105 3.9 Validity and Reliability106 3.9.1 Validity and reliability of qualitative research106 3.9.2 Validity and reliability in quantitative research107 CHAPTER FOUR110 PRESENTATION OF FINDINGS110 4.1 Introduction 110 4.2 Qualitative results110 4.2.1 Current status of business incubation programs in Tanzania110 4.2.2 Factors for business incubators’ successful financial intermediary role118 4.3 Quantitative results132 4.3.1 Descriptive results132 4.3.1.1 Sample demography133 4.3.1.1.1 Relationship between age and incubation period of incubated MSMEs133 4.3.1.1.2 Categorizing incubated MSMEs by number of employees and business capital 135 4.3.1.1.3 Distribution of incubatees by their nature of ownership and business activity138 4.3.1.1.4 Financiers’ provision of requested amount of loans to incubatees 140 4.3.1.2 The contribution of business incubators to MSMEs financial accessibility 145 4.3.1.2.1 The Business Incubator's Monitoring services146 4.3.1.2.2 Financial Management capabilities of incubatees147 4.3.1.2.3 MSMEs’ financial accessibility149 4.3.1.3 Relationship between business incubation models and models of MSMEs financing150 4.3.1.4 Factors for successful intermediary role of an incubator152 4.3.1.5 Incubatees and incubator managers’ social capital on Incubatees' financial accessibility155 4.3.2 The impact of business incubation on MSMEs access to informal and semi-formal finance160 4.3.2.1 Demographic characteristics of incubated enterprises161 4.3.2.2Relationship between business incubation models and models of financial accessibility165 4.3.2.3 Contribution of incubators to the MSMEs informal and semi-formal financial accessibility166 4.3.2.3.1 Impact of business incubator’s monitoring services on MSMEs’ informal and semi-formal financial accessibility167 4.3.2.3.2 Business incubators’ financial intermediation role between incubated MSMEs and financiers.170 4.3.2.4 Impact of incubatee and incubator manager’s social capital on iMFA and sMFA173 4.3.2.5 Moderating impact of Incubatee's and incubator manager's social capital on the FMC-MFA relationship 179 4.4 Summary of chapter four183 4.4.1 Developing a model on incubated MSMEs’ access to informal and semi- formal finance. 190 4.4.1.1 A model on incubated MSMEs’ access to informal finance190 4.4.1.2 A model on incubated MSMEs’ access to semi-formal finance.191 4.4.1.3 The influence of demographic characters on the relationship between social capital and financial accessibility.192 CHAPTER FIVE196 DISCUSSION OF FINDINGS196 5.1 Introduction196 5.2 Demographic characteristics of incubatees196 5.3 Relationship between business incubation models and models of financial accessibility201 5.4 Business incubators’ financial intermediation role between MSMEs and financiers.203 5.5 Factors for successful business incubator’s financial intermediary role 207 5.6 Impact of incubatee’s and incubator manager’s social capital on informal and semi-formal financial accessibility209 5.7 Moderating impact of Incubatee's and incubator manager's social capital on the FMC-MFA relationship 212 CHAPTER SIX214 CONCLUSIONS AND RECOMMENDATIONS214 6.1 Conclusions214 6.2 Recommendations221 6.3 Scope for further research229 Reference234 Appendix ITotal Variance Explained253 Appendix IIComponent Matrix254 Appendix IIIPattern Matrix255 Appendix IVQuestionnaire256 Appendix VQuestionnaire (Swahili version)261 Appendix VI Interview guide for the financiers (English version) 266 Appendix VIIInterview guide for the financiers (Swahili version)267 Apendix VIIIInterview guide for incubators’ managers and key informants (English version)268 Appendix IXInterview guide for incubators’ managers and key informants (Swahili version)269 Appendix XEigenständigkeitserklärung270, This research investigates the role business incubators on the MSMEs’ access to informal and semi-formal finance. To meet this purpose, firstly, the relationship between business incubation models and models of financial accessibility is assessed. secondly, the contribution of business incubators to the MSMEs informal and semi-formal financial accessibility is determined, by assessing the direct impact of monitoring services on financial accessibility and also assessing the incubator’s financial intermediation role between incubatees and financiers. Due to the important role played by social capital in non-formal financing, the influence of both incubatee and incubator manager’s social capital on incubatee’s informal and semi-formal financial accessibility is also investigated. The results indicate that, business incubator’s monitoring services have significant positive influence on incubatee’s access to informal and semi-formal finance, and also there is a significant positive relationship between monitoring services and financial management capabilities. Also, incubatee’s financial management capabilities have significant positive impact on semi-formal financial accessibility, nevertheless, there is insignificant relationship between incubatee’s financial management capabilities and informal financial accessibility. Furthermore, the results show, incubatee’s bonding and bridging social capital have direct positive impact on both informal and semi-formal financial accessibility, while incubator manager’s linking social capital has positive impact on semi-formal financial accessibility but insignificant impact on informal financial accessibility. Incubatee’s bridging social capital also negatively moderates the relationship between financial management capabilities and semi-formal financial accessibility, whereas incubatee’s bonding has no moderating effect on the same relationship. Incubator manager’s bonding and bridging social capital and incubatee’s linking social capital have insignificant direct impact on both informal and semi-formal financial accessibility, as well as insignificant moderating impact on the relationship between financial management capabilities and semi-formal financial accessibility. These findings show the importance of financial management capabilities on incubatee’s access to semi-formal finance and highlights the role of incubatee’s bonding and bridging network links and incubator manager’s linking social networks to the incubatee’s access to non-formal finance. They also reveal that informal financiers do not consider incubatee’s financial management capabilities as an important criterion in deciding to provide them credits |
dewey-full |
900 |
dewey-hundreds |
900 - History & geography |
dewey-ones |
900 - History & geography |
dewey-raw |
900 |
dewey-search |
900 |
dewey-sort |
3900 |
dewey-tens |
900 - History & geography |
facet_avail |
Online, Free |
finc_class_facet |
Geschichte |
fincclass_txtF_mv |
history |
format |
eBook, Thesis |
format_access_txtF_mv |
Thesis |
format_de14 |
Thesis, Book, E-Book |
format_de15 |
Thesis, Book, E-Book |
format_del152 |
Buch, Buch |
format_detail_txtF_mv |
text-online-monograph-independent-thesis |
format_dezi4 |
e-Book |
format_finc |
Book, E-Book, Thesis |
format_legacy |
Thesis, Book |
format_legacy_nrw |
Thesis, Book, E-Book |
format_nrw |
Thesis, Book, E-Book |
format_strict_txtF_mv |
E-Thesis |
genre |
Hochschulschrift gnd-content |
genre_facet |
Hochschulschrift |
geogr_code |
not assigned |
geogr_code_person |
not assigned |
id |
22-15-qucosa2-234519 |
illustrated |
Not Illustrated |
imprint |
Online-Ausg., 2018 |
imprint_str_mv |
Online-Ausg.: 2018 |
institution |
DE-105, DE-Gla1, DE-Brt1, DE-D161, DE-540, DE-Pl11, DE-Rs1, DE-Bn3, DE-Zi4, DE-Zwi2, DE-D117, DE-Mh31, DE-D275, DE-Ch1, DE-15, DE-D13, DE-L242, DE-L229, DE-L328 |
is_hierarchy_id |
|
is_hierarchy_title |
|
language |
English |
last_indexed |
2024-04-17T03:08:57.064Z |
match_str |
kibona2018theroleofbusinessincubatorsintheinformalandsemiformalfinancingofmicrosmallandmediumenterprisesthecaseofincubatedenterprisesintanzania |
mega_collection |
Qucosa |
publishDateSort |
2018 |
record_format |
marcfinc |
record_id |
15-qucosa2-234519 |
recordtype |
marcfinc |
rvk_facet |
No subject assigned |
source_id |
22 |
spelling |
Kibona, Deogratias, The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania, txt, nc, Online-Ausg. 2018 Online-Ressource (Text) Universitätsbibliothek Leipzig, Dissertation Universität Leipzig 2018, Acknowledgement i Table of contentsiii List of tablesviii List of figuresxii Abbreviationsxv Zusammenfassungxx Summary xxxii CHAPTER ONE1 INTRODUCTION1 1.1 Background to the problem1 1.2 Statement of the Problem4 1.3 Objectives of the study10 1.3.1 General objective10 1.3.2 Specific objectives 10 CHAPTER TWO11 LITERATURE REVIEW11 2.1 Start-ups and Micro, Small and Medium Enterprises11 2.1.1 Micro, Small and Medium Enterprises11 2.1.1.1 MSMEs’ sector in Tanzania14 2.1.2 Start-ups15 2.1.2.1 Startups in Tanzania16 2.2 Business incubators18 2.2.1 Services provided by business incubators21 2.2.2 Business incubators in Tanzania23 2.3 Financial management capabilities 28 2.3.1 Financial management capabilities in MSMEs29 2.4 Financial system32 2.4.1 Formal financing 33 2.4.2 Informal financing33 2.4.3 Semi-formal financing34 2.4.4 Financing system in Tanzania 34 2.4.5 Informal and Semi-formal financing system in Tanzania36 2.4.5.1 Informal financiers37 2.4.5.2 Semi-formal financiers45 2.5 MSMEs’ financial accessibility52 2.5.1 MSMEs’ financial accessibility in Tanzania55 2.5.2 The role of business incubators in promoting MSMEs’ access to finance 56 2.6 Information asymmetries between MSMEs and financiers59 2.7 Theory of financial intermediation61 2.8 Social capital62 2.8.1 Role of social capital on MSMEs’ access to finance65 2.9 Summary of the theoretical framework69 2.10 Proposed model70 CHAPTER THREE75 RESEARCH METHODOLOGY75 3.1 Research Design75 3.2 Study Area76 3.3 Targeted population 78 3.4 Sample 79 3.5 Operational definitions and measurement of the variables83 3.5.1 Variable indicators83 3.5.2 Business incubators' monitoring services83 3.5.3 Financial management capabilities84 3.5.4 Incubatee's bonding social capital84 3.5.5 Incubatee's bridging social capital85 3.5.6 Incubatee's linking social capital85 3.5.7 Incubator manager's bonding social capital86 3.5.8 Incubator manager's bridging social capital86 3.5.9 Incubator manager's linking social capital87 3.5.10 MSMEs’ Financial accessibility87 3.6 Data collection instrument92 3.6.1 Questionnaire92 3.6.2 Personal interviews93 3.7 Data collection93 3.8 Data Analysis94 3.8.1 Qualitative data analysis94 3.8.2 Quantitative analysis95 3.8.2.1 Data preparation95 3.8.2.2 Descriptive statistics96 3.8.2.3 Factor analysis96 3.8.2.4 Inferential Statistics104 3.8.2.4.1 Spearman correlations analysis105 3.8.2.4.2 Kruskal-Wallis test105 3.8.2.4.3 Partial Least Squares regressions analysis105 3.9 Validity and Reliability106 3.9.1 Validity and reliability of qualitative research106 3.9.2 Validity and reliability in quantitative research107 CHAPTER FOUR110 PRESENTATION OF FINDINGS110 4.1 Introduction 110 4.2 Qualitative results110 4.2.1 Current status of business incubation programs in Tanzania110 4.2.2 Factors for business incubators’ successful financial intermediary role118 4.3 Quantitative results132 4.3.1 Descriptive results132 4.3.1.1 Sample demography133 4.3.1.1.1 Relationship between age and incubation period of incubated MSMEs133 4.3.1.1.2 Categorizing incubated MSMEs by number of employees and business capital 135 4.3.1.1.3 Distribution of incubatees by their nature of ownership and business activity138 4.3.1.1.4 Financiers’ provision of requested amount of loans to incubatees 140 4.3.1.2 The contribution of business incubators to MSMEs financial accessibility 145 4.3.1.2.1 The Business Incubator's Monitoring services146 4.3.1.2.2 Financial Management capabilities of incubatees147 4.3.1.2.3 MSMEs’ financial accessibility149 4.3.1.3 Relationship between business incubation models and models of MSMEs financing150 4.3.1.4 Factors for successful intermediary role of an incubator152 4.3.1.5 Incubatees and incubator managers’ social capital on Incubatees' financial accessibility155 4.3.2 The impact of business incubation on MSMEs access to informal and semi-formal finance160 4.3.2.1 Demographic characteristics of incubated enterprises161 4.3.2.2Relationship between business incubation models and models of financial accessibility165 4.3.2.3 Contribution of incubators to the MSMEs informal and semi-formal financial accessibility166 4.3.2.3.1 Impact of business incubator’s monitoring services on MSMEs’ informal and semi-formal financial accessibility167 4.3.2.3.2 Business incubators’ financial intermediation role between incubated MSMEs and financiers.170 4.3.2.4 Impact of incubatee and incubator manager’s social capital on iMFA and sMFA173 4.3.2.5 Moderating impact of Incubatee's and incubator manager's social capital on the FMC-MFA relationship 179 4.4 Summary of chapter four183 4.4.1 Developing a model on incubated MSMEs’ access to informal and semi- formal finance. 190 4.4.1.1 A model on incubated MSMEs’ access to informal finance190 4.4.1.2 A model on incubated MSMEs’ access to semi-formal finance.191 4.4.1.3 The influence of demographic characters on the relationship between social capital and financial accessibility.192 CHAPTER FIVE196 DISCUSSION OF FINDINGS196 5.1 Introduction196 5.2 Demographic characteristics of incubatees196 5.3 Relationship between business incubation models and models of financial accessibility201 5.4 Business incubators’ financial intermediation role between MSMEs and financiers.203 5.5 Factors for successful business incubator’s financial intermediary role 207 5.6 Impact of incubatee’s and incubator manager’s social capital on informal and semi-formal financial accessibility209 5.7 Moderating impact of Incubatee's and incubator manager's social capital on the FMC-MFA relationship 212 CHAPTER SIX214 CONCLUSIONS AND RECOMMENDATIONS214 6.1 Conclusions214 6.2 Recommendations221 6.3 Scope for further research229 Reference234 Appendix ITotal Variance Explained253 Appendix IIComponent Matrix254 Appendix IIIPattern Matrix255 Appendix IVQuestionnaire256 Appendix VQuestionnaire (Swahili version)261 Appendix VI Interview guide for the financiers (English version) 266 Appendix VIIInterview guide for the financiers (Swahili version)267 Apendix VIIIInterview guide for incubators’ managers and key informants (English version)268 Appendix IXInterview guide for incubators’ managers and key informants (Swahili version)269 Appendix XEigenständigkeitserklärung270, This research investigates the role business incubators on the MSMEs’ access to informal and semi-formal finance. To meet this purpose, firstly, the relationship between business incubation models and models of financial accessibility is assessed. secondly, the contribution of business incubators to the MSMEs informal and semi-formal financial accessibility is determined, by assessing the direct impact of monitoring services on financial accessibility and also assessing the incubator’s financial intermediation role between incubatees and financiers. Due to the important role played by social capital in non-formal financing, the influence of both incubatee and incubator manager’s social capital on incubatee’s informal and semi-formal financial accessibility is also investigated. The results indicate that, business incubator’s monitoring services have significant positive influence on incubatee’s access to informal and semi-formal finance, and also there is a significant positive relationship between monitoring services and financial management capabilities. Also, incubatee’s financial management capabilities have significant positive impact on semi-formal financial accessibility, nevertheless, there is insignificant relationship between incubatee’s financial management capabilities and informal financial accessibility. Furthermore, the results show, incubatee’s bonding and bridging social capital have direct positive impact on both informal and semi-formal financial accessibility, while incubator manager’s linking social capital has positive impact on semi-formal financial accessibility but insignificant impact on informal financial accessibility. Incubatee’s bridging social capital also negatively moderates the relationship between financial management capabilities and semi-formal financial accessibility, whereas incubatee’s bonding has no moderating effect on the same relationship. Incubator manager’s bonding and bridging social capital and incubatee’s linking social capital have insignificant direct impact on both informal and semi-formal financial accessibility, as well as insignificant moderating impact on the relationship between financial management capabilities and semi-formal financial accessibility. These findings show the importance of financial management capabilities on incubatee’s access to semi-formal finance and highlights the role of incubatee’s bonding and bridging network links and incubator manager’s linking social networks to the incubatee’s access to non-formal finance. They also reveal that informal financiers do not consider incubatee’s financial management capabilities as an important criterion in deciding to provide them credits, Business Incubators, Informal Finance, Semi-Formal Finance, Social Capital, Financial Management Capabilities, Hochschulschrift gnd-content, text/html https://nbn-resolving.org/urn:nbn:de:bsz:15-qucosa2-234519 Online-Zugriff |
spellingShingle |
Kibona, Deogratias, The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania, Acknowledgement i Table of contentsiii List of tablesviii List of figuresxii Abbreviationsxv Zusammenfassungxx Summary xxxii CHAPTER ONE1 INTRODUCTION1 1.1 Background to the problem1 1.2 Statement of the Problem4 1.3 Objectives of the study10 1.3.1 General objective10 1.3.2 Specific objectives 10 CHAPTER TWO11 LITERATURE REVIEW11 2.1 Start-ups and Micro, Small and Medium Enterprises11 2.1.1 Micro, Small and Medium Enterprises11 2.1.1.1 MSMEs’ sector in Tanzania14 2.1.2 Start-ups15 2.1.2.1 Startups in Tanzania16 2.2 Business incubators18 2.2.1 Services provided by business incubators21 2.2.2 Business incubators in Tanzania23 2.3 Financial management capabilities 28 2.3.1 Financial management capabilities in MSMEs29 2.4 Financial system32 2.4.1 Formal financing 33 2.4.2 Informal financing33 2.4.3 Semi-formal financing34 2.4.4 Financing system in Tanzania 34 2.4.5 Informal and Semi-formal financing system in Tanzania36 2.4.5.1 Informal financiers37 2.4.5.2 Semi-formal financiers45 2.5 MSMEs’ financial accessibility52 2.5.1 MSMEs’ financial accessibility in Tanzania55 2.5.2 The role of business incubators in promoting MSMEs’ access to finance 56 2.6 Information asymmetries between MSMEs and financiers59 2.7 Theory of financial intermediation61 2.8 Social capital62 2.8.1 Role of social capital on MSMEs’ access to finance65 2.9 Summary of the theoretical framework69 2.10 Proposed model70 CHAPTER THREE75 RESEARCH METHODOLOGY75 3.1 Research Design75 3.2 Study Area76 3.3 Targeted population 78 3.4 Sample 79 3.5 Operational definitions and measurement of the variables83 3.5.1 Variable indicators83 3.5.2 Business incubators' monitoring services83 3.5.3 Financial management capabilities84 3.5.4 Incubatee's bonding social capital84 3.5.5 Incubatee's bridging social capital85 3.5.6 Incubatee's linking social capital85 3.5.7 Incubator manager's bonding social capital86 3.5.8 Incubator manager's bridging social capital86 3.5.9 Incubator manager's linking social capital87 3.5.10 MSMEs’ Financial accessibility87 3.6 Data collection instrument92 3.6.1 Questionnaire92 3.6.2 Personal interviews93 3.7 Data collection93 3.8 Data Analysis94 3.8.1 Qualitative data analysis94 3.8.2 Quantitative analysis95 3.8.2.1 Data preparation95 3.8.2.2 Descriptive statistics96 3.8.2.3 Factor analysis96 3.8.2.4 Inferential Statistics104 3.8.2.4.1 Spearman correlations analysis105 3.8.2.4.2 Kruskal-Wallis test105 3.8.2.4.3 Partial Least Squares regressions analysis105 3.9 Validity and Reliability106 3.9.1 Validity and reliability of qualitative research106 3.9.2 Validity and reliability in quantitative research107 CHAPTER FOUR110 PRESENTATION OF FINDINGS110 4.1 Introduction 110 4.2 Qualitative results110 4.2.1 Current status of business incubation programs in Tanzania110 4.2.2 Factors for business incubators’ successful financial intermediary role118 4.3 Quantitative results132 4.3.1 Descriptive results132 4.3.1.1 Sample demography133 4.3.1.1.1 Relationship between age and incubation period of incubated MSMEs133 4.3.1.1.2 Categorizing incubated MSMEs by number of employees and business capital 135 4.3.1.1.3 Distribution of incubatees by their nature of ownership and business activity138 4.3.1.1.4 Financiers’ provision of requested amount of loans to incubatees 140 4.3.1.2 The contribution of business incubators to MSMEs financial accessibility 145 4.3.1.2.1 The Business Incubator's Monitoring services146 4.3.1.2.2 Financial Management capabilities of incubatees147 4.3.1.2.3 MSMEs’ financial accessibility149 4.3.1.3 Relationship between business incubation models and models of MSMEs financing150 4.3.1.4 Factors for successful intermediary role of an incubator152 4.3.1.5 Incubatees and incubator managers’ social capital on Incubatees' financial accessibility155 4.3.2 The impact of business incubation on MSMEs access to informal and semi-formal finance160 4.3.2.1 Demographic characteristics of incubated enterprises161 4.3.2.2Relationship between business incubation models and models of financial accessibility165 4.3.2.3 Contribution of incubators to the MSMEs informal and semi-formal financial accessibility166 4.3.2.3.1 Impact of business incubator’s monitoring services on MSMEs’ informal and semi-formal financial accessibility167 4.3.2.3.2 Business incubators’ financial intermediation role between incubated MSMEs and financiers.170 4.3.2.4 Impact of incubatee and incubator manager’s social capital on iMFA and sMFA173 4.3.2.5 Moderating impact of Incubatee's and incubator manager's social capital on the FMC-MFA relationship 179 4.4 Summary of chapter four183 4.4.1 Developing a model on incubated MSMEs’ access to informal and semi- formal finance. 190 4.4.1.1 A model on incubated MSMEs’ access to informal finance190 4.4.1.2 A model on incubated MSMEs’ access to semi-formal finance.191 4.4.1.3 The influence of demographic characters on the relationship between social capital and financial accessibility.192 CHAPTER FIVE196 DISCUSSION OF FINDINGS196 5.1 Introduction196 5.2 Demographic characteristics of incubatees196 5.3 Relationship between business incubation models and models of financial accessibility201 5.4 Business incubators’ financial intermediation role between MSMEs and financiers.203 5.5 Factors for successful business incubator’s financial intermediary role 207 5.6 Impact of incubatee’s and incubator manager’s social capital on informal and semi-formal financial accessibility209 5.7 Moderating impact of Incubatee's and incubator manager's social capital on the FMC-MFA relationship 212 CHAPTER SIX214 CONCLUSIONS AND RECOMMENDATIONS214 6.1 Conclusions214 6.2 Recommendations221 6.3 Scope for further research229 Reference234 Appendix ITotal Variance Explained253 Appendix IIComponent Matrix254 Appendix IIIPattern Matrix255 Appendix IVQuestionnaire256 Appendix VQuestionnaire (Swahili version)261 Appendix VI Interview guide for the financiers (English version) 266 Appendix VIIInterview guide for the financiers (Swahili version)267 Apendix VIIIInterview guide for incubators’ managers and key informants (English version)268 Appendix IXInterview guide for incubators’ managers and key informants (Swahili version)269 Appendix XEigenständigkeitserklärung270, This research investigates the role business incubators on the MSMEs’ access to informal and semi-formal finance. To meet this purpose, firstly, the relationship between business incubation models and models of financial accessibility is assessed. secondly, the contribution of business incubators to the MSMEs informal and semi-formal financial accessibility is determined, by assessing the direct impact of monitoring services on financial accessibility and also assessing the incubator’s financial intermediation role between incubatees and financiers. Due to the important role played by social capital in non-formal financing, the influence of both incubatee and incubator manager’s social capital on incubatee’s informal and semi-formal financial accessibility is also investigated. The results indicate that, business incubator’s monitoring services have significant positive influence on incubatee’s access to informal and semi-formal finance, and also there is a significant positive relationship between monitoring services and financial management capabilities. Also, incubatee’s financial management capabilities have significant positive impact on semi-formal financial accessibility, nevertheless, there is insignificant relationship between incubatee’s financial management capabilities and informal financial accessibility. Furthermore, the results show, incubatee’s bonding and bridging social capital have direct positive impact on both informal and semi-formal financial accessibility, while incubator manager’s linking social capital has positive impact on semi-formal financial accessibility but insignificant impact on informal financial accessibility. Incubatee’s bridging social capital also negatively moderates the relationship between financial management capabilities and semi-formal financial accessibility, whereas incubatee’s bonding has no moderating effect on the same relationship. Incubator manager’s bonding and bridging social capital and incubatee’s linking social capital have insignificant direct impact on both informal and semi-formal financial accessibility, as well as insignificant moderating impact on the relationship between financial management capabilities and semi-formal financial accessibility. These findings show the importance of financial management capabilities on incubatee’s access to semi-formal finance and highlights the role of incubatee’s bonding and bridging network links and incubator manager’s linking social networks to the incubatee’s access to non-formal finance. They also reveal that informal financiers do not consider incubatee’s financial management capabilities as an important criterion in deciding to provide them credits, Business Incubators, Informal Finance, Semi-Formal Finance, Social Capital, Financial Management Capabilities, Hochschulschrift |
title |
The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania |
title_auth |
The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania |
title_full |
The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania |
title_fullStr |
The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania |
title_full_unstemmed |
The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania |
title_short |
The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania |
title_sort |
the role of business incubators in the informal and semi-formal financing of micro, small and medium enterprises: the case of incubated enterprises in tanzania |
title_unstemmed |
The Role of Business Incubators in the Informal and Semi-formal financing of Micro, Small and Medium Enterprises: The Case of Incubated Enterprises in Tanzania |
topic |
Business Incubators, Informal Finance, Semi-Formal Finance, Social Capital, Financial Management Capabilities, Hochschulschrift |
topic_facet |
Business Incubators, Informal Finance, Semi-Formal Finance, Social Capital, Financial Management Capabilities, Hochschulschrift |
url |
https://nbn-resolving.org/urn:nbn:de:bsz:15-qucosa2-234519 |
urn |
urn:nbn:de:bsz:15-qucosa2-234519 |
work_keys_str_mv |
AT kibonadeogratias theroleofbusinessincubatorsintheinformalandsemiformalfinancingofmicrosmallandmediumenterprisesthecaseofincubatedenterprisesintanzania |