Moderating effect of Access to Finance and Learning Orientation and Performance of Small and Medium Enterprises (SMEs) in Kano State, Nigeria

Abstract

This research investigates the moderating effects of access to finance and learning orientation on the performance of small and medium enterprises (SMEs) in Kano State, Nigeria. Utilizing a quantitative approach, the study collects data from various SMEs to
assess how financial accessibility and a culture of continuous learning influence operational success. The population of the study comprises 313 SMEs owners and operators operating legally within Kano urban center. The Krejcie and Morgan table was adopted and established a sample size of 197 SMEs operators. The data were collected through the administration of structured questionnaires to the targeted population. Data collected were estimated using the Spearman’s Rank Order Correlation. The findings reveal that both access to finance and a strong learning orientation significantly enhance SME performance, acting as crucial moderators in the relationship between strategic management practices and business outcomes. This study contributes to the existing literature by highlighting the importance of financial resources and adaptive learning in promoting SME growth and
sustainability in a developing economy. The implications of these findings suggest that policymakers and stakeholders should focus on improving financial access and fostering a learning environment to strengthen the performance of SMEs in the region.