Relative financial deprivation, financial anxiety and financial satisfaction: the role of access to Islamic financing among MSME owners amidst COVID-19
Journal of Islamic Accounting and Business Research
; 14(4):595-609, 2023.
Article
Dans Anglais
| ProQuest Central | ID: covidwho-2299397
ABSTRACT
PurposeThe purpose of this paper is to augment the present literature on the relationship between relative financial deprivation (RFD), financial anxiety (FA), access to Islamic financing (AIF) and financial satisfaction (FS) of micro, small and medium enterprise (MSME) owners. Principally, the study examines the moderating role of AIF on the RFD–FS and FA–FS relationships.Design/methodology/approachQuantitative survey approach was used to collect data through self-administered questionnaires from MSME owners. Partial least square (PLS) structural equation modelling (SEM) version 3.2.7 was used to analyse 208 retrieved questionnaires.FindingsThe results confirm that the RFD–FS relationship is negatively significant, but the FA–FS relationship is not significant. However, the direct relationship between AIF and FS is positively significant. Conversely, AIF failed to moderate the RFD–FS and FA–FS relationships.Practical implicationsThe study specifies that the existence of RFD will decrease the FS of MSME owners, and therefore, RFD should be eliminated at all costs. However, the greater the AIF, the stronger will be the FS of MSME owners. Thus, policymakers and owners of MSMEs should emphasize on AIF to foster FS. Nevertheless, AIF could not redirect the negative impact of RFD and FA on MSME owners' FS.Originality/valueThis study, to the best of the authors' knowledge, is the first to examine the moderating role of AIF on the RFD–FS and FA–FS relationships among MSME owners. Notwithstanding the importance of small business owners for economic development, the literature on MSME entrepreneurs FS has been neglected. This study also uncovers new theoretical knowledge by revealing the inability of AIF to alter the RFD–FS and FA–FS relationships.
Business And Economics--Accounting; Relative financial deprivation; Financial anxiety; Access to Islamic financing; COVID-19; MSME owners; Anxiety; Economic crisis; Islamic law; Muslims; Income inequality; Economic conditions; Pandemics; Small & medium sized enterprises-SME; Agricultural lending; Economic development; Relative deprivation; Islamic financing; International finance; Coronaviruses; Households; Recessions; Nigeria
Texte intégral:
Disponible
Collection:
Bases de données des oragnisations internationales
Base de données:
ProQuest Central
langue:
Anglais
Revue:
Journal of Islamic Accounting and Business Research
Année:
2023
Type de document:
Article
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