Moderating Effect of Demographics on the Relationship between Religiosity of Owner/ Manager of SME on Growth of SMEs

The objective of the study is to pinpoint the moderating role of demographic variables of owner/ manager in relationship between religiosity and growth of SMEs. The hypotheses have been established on the basis of previous theories and review of related literature. The data has been collected from 456 owners/ managers of SMEs by using the adopted questionnaires with 5-point likert scale. In analysis, the descriptive statistics and regression analysis has been carried out. The results of the study are indicating that demographic variables enhance the relationship between religiosity and growth of SMEs. The results of the study are helpful to understand that how religiosity and age of managers and owners of SMEs are essential to business growth. The results recommends to implement the religious teachings at school and college level.