Impact of Financial Literacy on Access to Finance and Firm Performance: An Analysis of Growing Industry Cluster in Pakistan


  • Muhammad Waleed Khalid MS Scholar, Department of Economics, Government College University, Lahore, Pakistan Author
  • Aqueel Imtiaz Wahga Assistant Professor, Department of Economics, Government College University, Lahore, Pakistan Author
  • Muhammad Gulzaib Chaudhary Lecturer, Department of Economics, Government College University, Lahore, Pakistan Author
  • Safyan Majid Assistant Professor, Department of Commerce and Finance, Government College University, Lahore, Pakistan Author
  • Muhammad Awais Department of Commerce and Finance, Government College University, Lahore, Pakistan Author



Access to Finance, Firm Performance, Financial Literacy


The purpose of the study is to examine the significance of financial literacy on the relationship between access to finance and firm performance. In this study, the mediating role of financial literacy is investigated through a questionnaire distributed in the electric fitting sector in Sargodha. Electric fitting sector is a growing industry cluster in Sargodha, Pakistan which has experienced exponential growth during the past few years. However, limited access to finance has become a big hurdle in its growth. This study sheds light on the importance of financial literacy for owners and managers to increase their access to financial products and services to enhance business performance and growth. The study provides a solid foundation for academicians and policymakers to take essential measures that can promote the financial literacy especially in those sectors that are in the growth phase and require the attention from the national government to compete in the global economy.


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How to Cite

Khalid, M. W. ., Wahga, A. I. ., Chaudhary, M. G. ., Majid, S. ., & Awais, M. . (2023). Impact of Financial Literacy on Access to Finance and Firm Performance: An Analysis of Growing Industry Cluster in Pakistan. Bulletin of Business and Economics (BBE), 12(4), 45-53.

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