ICT adoption, innovation, and SMEs’ access to finance

Mushtaq, Rizwan; Gull, Ammar Ali; Usman, Muhammad

doi:10.1016/j.telpol.2021.102275

Cited by 40 publications

(32 citation statements)

References 45 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Moreover, banks usually deal with moral hazard problems as, due to their limited knowledge regarding innovative projects, there is an incentive for firms to withhold critical information deliberately (Mina et al, 2013;Mushtaq et al, 2022). Banks, for example, cannot evaluate if some costs are exacerbated or needed for the innovation's overall creation and if the demand for a new product presented by a firm is realistic and trustworthy.…”

Section: Credit Restrictions and Innovation: Backgroundmentioning

confidence: 99%

“…The empirical literature can be classified into three main categories depending on the focus of the relationship of innovation and financial constraints as well as access to bank finance. In particular, we focus on 1) a set of variables measuring credit rationing and how innovation affects it (Francis et al, 2012;Mina et al, 2013;Mushtaq et al, 2022), 2) measurements of innovation activity relative to finance related variables (Adegboye & Iweriebor, 2018;Fombang & Adjasi, 2018;Chundakkadan & Sasidharan, 2020) and 3) models of simultaneous calculation of finance and innovation variables to counter endogeneity issues (Savignac, 2008;Blanchard et al, 2013;Brancati, 2015;Santos & Cincera, 2022). The most prominent studies across the three categories are presented in Tables 1-5, giving the reader a comprehensive classification.…”

Section: Classifying the Empirical Literaturementioning

confidence: 99%

See 1 more Smart Citation

Innovative Activity and Access to Finance of SMEs: Views and Agenda

Vlassas¹,

Kallandranis²,

Anastasiou³

2023

TEL

View full text Add to dashboard Cite

A rapidly growing body of research applies survey methods to examine the ability of SMEs to obtain external financing. These studies focus on firmspecific characteristics and demonstrate the impact of such ability on their own growth and overall economic growth, among other outcomes. However, the use of external financing is of crucial importance, especially whether SMEs can adopt innovation when they succeed in getting a loan. This paper reviews this literature that is not as extensive as the one focusing on typical investments with two purposes. First, we summarize recent work, providing a guide to its methodologies, datasets, and findings. Second, we consider applications of the literature in innovation, including insights for policymakers that seek to assess the potential economic effects of investments in innovation.

show abstract

Section: Credit Restrictions and Innovation: Backgroundmentioning

confidence: 99%

Section: Classifying the Empirical Literaturementioning

confidence: 99%

Innovative Activity and Access to Finance of SMEs: Views and Agenda

Vlassas¹,

Kallandranis²,

Anastasiou³

2023

TEL

View full text Add to dashboard Cite

show abstract

“…As the value of information technology is widely acknowledged, including in developing countries [15][16][17], a perceived slow technology adoption as observed in the DRC is questionable. This study responds to this concern by attempting to identify the barriers that may explain the low adoption of information technology in DRC SMEs.…”

Section: Introductionmentioning

confidence: 99%

Barriers to SME Computerization in Developing Countries: Evidence from SMEs in North Kivu, Democratic Republic of Congo

Kalumendo¹

2022

TIJMG

View full text Add to dashboard Cite

SMEs are widely recognized as the development enablers in developing countries. They contribute to job creation and, in so doing, to poverty reduction. To remain competitive, SMEs use several tools, including computerized information systems. However, given their characteristics, several constraints hinder their computerization; these constraints are even more accentuated in developing countries. This study attempted to identify the barriers to computerization as outlined in the literature and to ascertain them in the DRC context. In order to achieve this, we examined the relevant literature and carried out a survey of 53 respondents, principally local ICT stakeholders. Using descriptive statistics, we established that Congolese SMEs face the same computerization challenges identified in the literature. These constraints include the local SME characteristics - poor financial resources, low internal and external expertise, and low management involvement -, high infrastructure costs - expensive software and hardware - and the availability of the technological infrastructure - poor internet access -. The Congolese digital ecosystem stakeholders can, each at their own level, use these results to assist the digitalization of Congolese SMEs and thus make them more agile in the achievement of their goals. Keywords: ICT, Barriers, Computerization, DRC, SME.

show abstract

“…A lack of awareness with regards to Information and Communication Technologies (ICTs) also plays a role when considering the challenges SMEs face, especially within developing economies (Arefin & Rahman, 2020; Bvuma & Marnewick, 2020). Crucially, and according to recent research, the increased use of ICTs could address some of the challenges SMEs encounter within developing economies (Kyakulumbye & Pather, 2022; Mushtaq et al, 2022; Park, 2022). We therefore argue that SMEs need access to ICTs to increase and facilitate their continued growth (Wamuyu, 2017).…”

Section: Introductionmentioning

confidence: 99%

The challenges of cloud adoption among South African small to medium enterprises: A thematic analysis

Mudzamba

Schyff

Renaud

2022

E J Info Sys Dev Countries

View full text Add to dashboard Cite

The successful use of Information and Communication Technologies (ICTs) by Small to Medium Enterprises (SMEs) remains a persistent problem within developing economies where they face several technical and skills-related challenges. Although cloud services can mitigate some of these challenges, many SMEs fail to adopt cloud services. Therefore, the main objective of this paper was to develop key recommendations (based on a high-level cloud services adoption framework) which South African SMEs could use to guide them in their adoption of cloud services. To develop our recommendations, we conducted 13 semi-structured interviews with nine South African SMEs within the Eastern Cape province. These were thematically analyzed and the findings used to create a high-level cloud services adoption framework. Our findings indicate that technical expertise (i.e., knowledge) amongst SMEs plays a vital role in the cloud adoption process. Those SMEs who do realize the importance of such technical expertise often use intermediaries to achieve successful adoption of cloud services. We also found evidence to suggest that SMEs generally do not carry out comprehensive cloud adoption preparatory activities, consequently failing in their adoption of cloud services.

show abstract

ICT adoption, innovation, and SMEs’ access to finance

Cited by 40 publications

References 45 publications

Innovative Activity and Access to Finance of SMEs: Views and Agenda

Innovative Activity and Access to Finance of SMEs: Views and Agenda

Barriers to SME Computerization in Developing Countries: Evidence from SMEs in North Kivu, Democratic Republic of Congo

The challenges of cloud adoption among South African small to medium enterprises: A thematic analysis

Contact Info

Product

Resources

About