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Survival strategies for SMES in hyperinflationary environments: lessons from SMES in Harare Central Business District.

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dc.contributor.author Chisasa, Joseph
dc.date.accessioned 2017-01-31T16:03:48Z
dc.date.available 2017-01-31T16:03:48Z
dc.date.issued 2013
dc.identifier.citation Chisasa, J. 2013. 'Survival strategies for SMES in hyperinflationary environments: lessons from SMES in Harare Central Business District', Corporate Ownership & Control, 10(4): 153-161 en
dc.identifier.issn 1810-3057
dc.identifier.uri http://hdl.handle.net/10500/21951
dc.description.abstract Lack of credit led to the failure of many Small to Medium Enterprises (SMEs) in Zimbabwe from 2005 to 2009 when inflation peaked at 231 million percent. The article attempted to determine how SMEs survived during this period. Survey data collected from 120 SMEs in Harare was analyzed using descriptive statistics. Results show that SMEs encountering credit constraints use illegal strategies such as hoarding of stock and converting cash sales to stable currencies in the black market. The article demonstrates that policy makers should create a stable operating environment in order to benefit from SME participation in the economy. en
dc.language.iso en en
dc.publisher Virtus Interpress en
dc.subject Hyperinflation en
dc.subject Survival strategy en
dc.subject Credit en
dc.subject SMEs en
dc.title Survival strategies for SMES in hyperinflationary environments: lessons from SMES in Harare Central Business District. en
dc.type Article en
dc.description.department Finance, Risk Management and Banking en


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