• Lukman Adebayo Oke Kwara State University, Malete
  • Ahmad Bukola Uthman Al-Hikmah University, Ilorin, Nigeria
  • Alade Ayodeji Ademokoya Kwara State University, Malete
Keywords: owner characteristics, Bank Financing, Nigeria, SMEs, Binary Logit


The study examines the influence of owner characteristics on the access to bank financing in North Central Nigeria. Data were drawn from the primary source through the adaptation of World Bank and OECD Financial literacy questionnaires to elicit responses from the sampled SME owners/ managers in the study area. A sample of 280 SMEs was drawn from the population of 1030 SMEs. Descriptive statistics and binary logit regression model with Marginal effect were employed in analyzing the data. The study found that gender, personal networking and personal relationship with bank are the owner characteristics influencing access to bank finance among SMEs, significant at 0.05, 0.1 and 0.1 respectively, whereas  owner’s age, education, experience, financial literacy and personal wealth do not have significant influence on access to bank finance among SMEs in the region. The study concluded that while all the identified owner’s characteristics are complementarily important in financial access, banks are more gender bias, value personal relationship and networking ability of firm owners. The study therefore, recommended among others, the need for SME owners to establish and maintain more undoubted relationships with their banks and form strong linkages with relevant stakeholders in the external environment for better resource exchange including financial access.


Author Biographies

Lukman Adebayo Oke, Kwara State University, Malete

Lecturer, Department of Accounting and Finance

Ahmad Bukola Uthman, Al-Hikmah University, Ilorin, Nigeria

Lecturer, Department of Accounting

Alade Ayodeji Ademokoya, Kwara State University, Malete

Lecturer, Department of Accounting and Finance


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How to Cite
Oke, L., Uthman, A., & Ademokoya, A. (2020). OWNER CHARACTERISTICS AND ACCESS TO BANK FINANCING: PERCEPTUAL EVIDENCE FROM SMEs IN NORTH CENTRAL NIGERIA. Timisoara Journal of Economics and Business, 13(1), 45-62. Retrieved from https://www.tjeb.ro/index.php/tjeb/article/view/331