http://www.iaeme.com/IJM/index.asp 626 editor@iaeme.com
International Journal of Management (IJM)
Volume 11, Issue 8, August 2020, pp. 626-645, Article ID: IJM_11_08_058
Available online at http://www.iaeme.com/IJM/issues.asp?JType=IJM&VType=11&IType=8
ISSN Print: 0976-6502 and ISSN Online: 0976-6510
DOI: 10.34218/IJM.11.8.2020.058
© IAEME Publication Scopus Indexed
SMALL SCALE BUSINESS FINANCING AND
CORPORATE PERFORMANCE IN DELTA
STATE NIGERIA
Onuorah, Anastasia C. (Ph.D.)
Department of Accounting, Banking and Finance
Faculty of Management Sciences
Delta State University, Abraka, Asaba Campus
Delta State Nigeria
Odita, Anthony O. (Ph.D.)
Department of Business Administration and Marketing
Faculty of Management Sciences
Delta State University, Abraka, Asaba Campus
Delta State Nigeria
Ozurumba, Benedict A. (Ph.D.)
Department of Financial Management Technology,
School Of Management Technology,
Federal University of Technology Owerri,
Owerri Imo State, Nigeria
ABSTRACT
The financing of business operations through personal savings, money lenders,
corporate society, family and friends, and microfinance banks, remains an integral
part of Nigeria 's small scale businesses financing decision, making it expedient for
research to be carried out by small enterprises in the Delta State to ascertain its
performance by small enterprises. The performance was represented by the level of
sales and profitability. A stratified random sampling technique was used to identify
the target population of 148. Primary data was collected from the respondents
through a structured questionnaire of the Likert-type four-point type. Simple
percentages, tables, and charts have been used to analyze the data. The Pearson
product moment correlation coefficient was used to test the hypothesis 1-5 while the
sixth hypothesis was tested using multiple regression because it had more than one
exogenous variable and was designed to measure the predictive power of the
independent variable over the dependent variable. It was found that all sources of