Financial education in small ethnic minority businesses in the UK

Javed Hussain, Harry Matlay, Jonathan M. Scott

    Research output: Contribution to journalArticlepeer-review

    104 Downloads (Pure)

    Abstract

    Purpose - The purpose of this paper is to set out to evaluate the financial education needs of ethnic minority SMEs in the West Midlands region of the United Kingdom. Design/methodology/approach - A postal survey was used to investigate the financial needs of owner/managers in 64 ethnic minority SMEs and a control sample of 23 non-ethnic SMEs. Findings - The results show that owner/managers of micro-businesses have lower educational achievements as well as higher financial education needs than their counterparts in small and medium-sized firms. In contrast, owner/managers in small and medium-sized businesses have relatively higher educational achievements and a better appreciation of the role of financial education. Similar trends were observed in non-ethnic SMEs in the control sample. Originality/value - This article makes an empirically rigorous contribution to a relatively under researched aspect of SME research. The authors recommend that government agencies collaborate with leaders of ethnic minority communities to raise awareness of the benefits of education in general and financial education in particular.
    Original languageEnglish
    Pages (from-to)737-747
    JournalEducation and Training
    Volume50
    Issue number8-9
    DOIs
    Publication statusPublished - 2008

    Bibliographical note

    Author can archive post-print (ie final draft post-refereeing).

    Fingerprint

    Dive into the research topics of 'Financial education in small ethnic minority businesses in the UK'. Together they form a unique fingerprint.

    Cite this