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Dynamic Nexus Between Capital Structure Choice and the Continuity and Growth of Small, Medium and Micro Enterprises in an Emerging Economy Context

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Enterprises relying on internal funding are more likely to sustain operations and grow.
Critical metrics reveal that reliance on informal financial support enhances survival rates among SMMEs.
The analysis utilized Partial Least Squares Structural Equation Modelling (PLS-SEM) to explore capital structure decisions.
Internal financial strategies are essential for resilience in developing economies, particularly among SMMEs.

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This research examines how capital structure affects growth in SMMEs, highlighting the role of internal funding strategies.

Jali et al. (2025) studied this question.

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