Financial education in small ethnic minority businesses in the UK

Javed Hussain; Harry Matlay; Jonathan Scott

doi:10.1108/00400910810917109

Financial education in small ethnic minority businesses in the UK

Javed Hussain, Harry Matlay, Jonathan Scott

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

1 Downloads (Pure)

Original language	English
Pages (from-to)	737-747
Journal	Education + Training
Volume	8
Issue number	9
DOIs	https://doi.org/10.1108/00400910810917109
Publication status	Published - 2008

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10.1108/00400910810917109

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@article{f6c224d2695043bbb2fff3125071091a,

title = "Financial education in small ethnic minority businesses in the UK",

keywords = "financial awareness and knowledge, owner manager education, financial, small businesses",

author = "Javed Hussain and Harry Matlay and Jonathan Scott",

note = "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.",

year = "2008",

doi = "10.1108/00400910810917109",

language = "English",

volume = "8",

pages = "737--747",

journal = "Education and Training",

issn = "0040-0912",

publisher = "Emerald",

number = "9",

}

TY - JOUR

T1 - Financial education in small ethnic minority businesses in the UK

AU - Hussain, Javed

AU - Matlay, Harry

AU - Scott, Jonathan

N1 - 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.

PY - 2008

Y1 - 2008

KW - financial awareness and knowledge

KW - owner manager education

KW - financial

KW - small businesses

U2 - 10.1108/00400910810917109

DO - 10.1108/00400910810917109

M3 - Article

VL - 8

SP - 737

EP - 747

JO - Education and Training

JF - Education and Training

SN - 0040-0912

IS - 9

ER -