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Public–private entrepreneurial financing partnership model in Nigeria
Author(s) -
Ochinanwata so,
Ezepue Patrick Oseloka,
Nwankwo Theodore Chiso,
Ochinanwata Chinedu,
Igwe Paul Agu
Publication year - 2021
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.22194
Subject(s) - finance , general partnership , context (archaeology) , business , public–private partnership , relevance (law) , private finance initiative , private sector , entrepreneurship , entrepreneurial finance , business model , innovative financing , access to finance , economics , marketing , economic growth , political science , paleontology , law , biology
This article critically examines some of the financing sources available to small and medium‐sized enterprises (SMEs) and factors that influence investor's decisions. Based on a qualitative approach, this study draws on evidence from Nigerian digital firms, public, and private financers to explore suitable entrepreneurial financing model for SMEs. Thus, it extends the understanding of combinations of entrepreneurial finance and funding in the African context. The study offers fresh and rare illustrative insights on how public–private entrepreneurial finance partnership will provide affordable and adequate access to entrepreneurial finance. It further highlights the impact and relevance of different entrepreneurial financiers on SMEs development and growth. It recommends a collaborative partnership initiative that involves public and private financial consultants and business incubators working together to ensure that SMEs have access to appropriate finance for growth, development, and business sustainability.