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WORKING CAPITAL AND FIXED INVESTMENT EFFECT ON SALES GROWTH IN SAARC COUNTRIES SMES

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17 Pages : 129-136

http://dx.doi.org/10.31703/gssr.2019(IV-I).17      10.31703/gssr.2019(IV-I).17      Published : Mar 2019

Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs

Abstract

    The study investigates the impact of various financing sources of working capital and fixed investment on sales growth. Population of the study comprises South Asian Association for Regional Cooperation (SAARC) countries’ small and medium sized enterprises (SMEs). Data of 6777 SMEs is retrieved from World Bank’s website. Multiple regression model is used to achieve the study objectives. Results signify a positive link between bank financing use for working capital and sales growth while the negative link between friends and family finance and sales growth is observed. Similarly all formal sources of finance used for fixed investment have positive link with sales growth. Finally, it is found that the government interventions and policy makers can alleviate access to formal sources of finance for boosting sales growth.

    (1) Asad Ullah
    PhD Scholar,Institute of Business studies, Kohat University of Science & Technology, Kohat, KP, Pakistan.
    (2) Muhammad Khushnood
    Assistant Professor,Institute of Business Studies, Kohat University of Science & Technology, Kohat, KP, Pakistan.
    (3) Hafizullah
    Assistant Professor, Institute of Business Studies,Kohat University of Science & Technology, Kohat, KP, Pakistan.
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Cite this article

APA

    APA : Ullah, A., Khushnood, M., & Hafizullah. (2019). Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs. Global Social Sciences Review, IV(I), 129-136. https://doi.org/10.31703/gssr.2019(IV-I).17

CHICAGO

    CHICAGO : Ullah, Asad, Muhammad Khushnood, and Hafizullah. 2019. "Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs." Global Social Sciences Review, IV (I): 129-136 doi: 10.31703/gssr.2019(IV-I).17

HARVARD

    HARVARD : ULLAH, A., KHUSHNOOD, M. & HAFIZULLAH. 2019. Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs. Global Social Sciences Review, IV, 129-136.

MHRA

    MHRA : Ullah, Asad, Muhammad Khushnood, and Hafizullah. 2019. "Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs." Global Social Sciences Review, IV: 129-136

MLA

    MLA : Ullah, Asad, Muhammad Khushnood, and Hafizullah. "Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs." Global Social Sciences Review, IV.I (2019): 129-136 Print.

OXFORD

    OXFORD : Ullah, Asad, Khushnood, Muhammad, and Hafizullah, (2019), "Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs", Global Social Sciences Review, IV (I), 129-136

TURABIAN

    TURABIAN : Ullah, Asad, Muhammad Khushnood, and Hafizullah. "Working Capital and Fixed Investment Effect on Sales Growth in SAARC Countries SMEs." Global Social Sciences Review IV, no. I (2019): 129-136. https://doi.org/10.31703/gssr.2019(IV-I).17