Entrepreneur Financial Literacy, Financial Access, Transaction Costs and Performance of Microenterprises in Nairobi City County in Kenya

Dr. James M. Gathungu

Entrepreneur Financial Literacy, Financial Access, Transaction Costs and Performance of Microenterprises in Nairobi City County in Kenya

Dr. James M. Gathungu * §

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University of Nairobi

Entrepreneur Financial Literacy, Financial Access, Transaction Costs and Performance of Microenterprises in Nairobi City County in Kenya

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Abstract

The purpose of this study was to establish the relationship between entrepreneur financial literacy, financial access, transaction costs and performance of micro-enterprises in Nairobi City County in Kenya. The study was anchored on resource based theory which posits that given resource heterogeneity immobility and satisfaction of the requirement of value rareness, imperfect imitability and non substitutability, a firm’s resource can be a source of sustained competitive advantage. The study also used contingency theory which supports a framework for examining influence of financial literacy on financial access and transaction costs. The study established that financial literacy had influence on financial access transaction costs and performance of micro-enterprises. The paper advance the argument and theoretical perspective that entrepreneur financial literacy is a major determinant of micro enterprise performance.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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How to Cite This Article

Dr. James M. Gathungu. 2018. "Entrepreneur Financial Literacy, Financial Access, Transaction Costs and Performance of Microenterprises in Nairobi City County in Kenya". Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 18 (GJMBR Volume 18 Issue A6).

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GJMBR Volume 18 Issue A6

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-A Classification JEL Code: L26

Submission ReceivedDecember 14, 2017
Peer Review Double Blind
Handling Editor
Accepted January 3, 2018
Published January 15, 2018

Version of record

v1.2

Issue date

July 24, 2018

Language

English

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Article Matrices

Total Score: 159

Country: Kenya

Subject: Global Journal of Management and Business Research

Authors: Dr. James M. Gathungu, Dr. Beatrice M. Sabana (PhD/Dr. count: 2)

View Count (all-time): 280

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Publish Date: 2018 01, Mon

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