Journal ArticleDOI
Financial literacy and youth entrepreneurship in South Africa
TLDR
In this article, the authors used both desk research and questionnaire complemented by interview to assess the level of financial literacy among youth entrepreneurs in the Vhembe District of the Limpopo Province, South Africa.Abstract:
Purpose – The purpose of this paper is to assess the level of financial literacy and impact on youth entrepreneurship in South Africa.Design/methodology/approach – The paper used both desk research and questionnaire complemented by interview to assess the level of financial literacy among youth entrepreneurs in the Vhembe District of the Limpopo Province, South Africa.Findings – The paper reveals that financial literacy among youth entrepreneurs in the Vhembe District appears to be above average and contributes meaningfully to their entrepreneurship skills.Research limitations/implications – Further research is needed to verify in specific and practical terms, the level and impact of financial literacy on youth entrepreneurs in the Vhembe District.Practical implications – Education and training at both high school and tertiary levels with emphasis on financial literacy and entrepreneurial skills may have significant implications for small‐, micro‐, and medium‐sized enterprise development and growth for th...read more
Citations
More filters
Journal ArticleDOI
The Role of Knowledge Economy in African Business
TL;DR: The authors assesses the role of knowledge economy (KE) in African business in 53 countries for the period 1996-2010 and finds that KE policies will substantially boost the starting and doing of business in Africa.
Journal ArticleDOI
The Impact of Financial Literacy on New Venture Survival
TL;DR: In this article, the authors investigated the impact of financial literacy on new venture survival and found that increased adoption of financial tools (e.g., financial statements and financial ratios) leads to increased frequency offinancial statement generation which in turn increases the likelihood of loan repayment and decreases the probability of venture failure.
Journal ArticleDOI
The Financial Literacy of Micro Entrepreneurs in South Africa
TL;DR: In this paper, the authors investigated the level of financial literacy of the owners of new micro-enterprises in South Africa and used financial planning, analysis and control, book-keeping, understandi...
Posted Content
Working Paper 204 - Skills and Youth Entrepreneurship in Africa: Analysis with Evidence from Swaziland
Zuzana Brixiova,Mthuli Ncube +1 more
TL;DR: In this article, a model of costly firm creation and skill differences between young and adult entrepreneurs is proposed to close a gap in the entrepreneurship and development literature with a model that shows that for young entrepreneurs facing high cost of searching for business opportunities, support for training is more effective in stimulating productive start-ups than subsidies.
Posted Content
Reinventing foreign aid for inclusive and sustainable development: Kuznets, Piketty and the great policy reversal
TL;DR: A survey essay as mentioned in this paper reviews over 200 papers in arguing that in order to achieve sustainable and inclusive development, foreign aid should not orient developing countries towards industrialisation in the perspective of Kuznets but in the view of Piketty.
References
More filters
Book
The theory of economic development
TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
Book ChapterDOI
A Paradigm of Entrepreneurship: Entrepreneurial Management *
TL;DR: In this paper, a view of entrepreneurship is proposed that facilitates the application of the previous findings to the field of corporate entrepreneurship and a series of propositions are developed, as instances of the kind of research that can be pursued by following the proposed approach.
Journal ArticleDOI
Financial Literacy and Stock Market Participation
TL;DR: In this article, the authors evaluated the importance of financial literacy by studying its relation to the stock market: are more financially knowledgeable individuals more likely to hold stocks? To assess the direction of causality, they make use of questions measuring financial knowledge before investing in the stock markets.
Posted Content
Household Financial Management: The Connection between Knowledge and Behavior
TL;DR: In this paper, the authors focus on four financial management activities (cash-flow management, credit management, saving, and investment) and analyze the connections between knowledge and behavior, finding that those who knew more were more likely to engage in recommended financial practices.