A model of credit constraint for MSMEs in India

Athaide, Malcolm; Pradhan, H. K.

doi:10.1007/s11187-019-00167-4

Cited by 19 publications

(13 citation statements)

References 51 publications

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“…If the knowledge worker decides to quit the job from the existing firm, it comes as a big loss to the firm. The MSME sector in India faces the major problem of credit and fund constraint (Athaide & Pradhan, 2019). In order to make a decision of investing in R&D, a firm must compromise on other basic and necessary business investments.…”

Section: Industrial Research and Development In Indiamentioning

confidence: 99%

The Industrial Research and Development Profile of the MSME s Sector in India

Majeed

Khan

Mushtaq

et al. 2021

SEDME (Small Enterprises Development, Management & Extensio

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The process of research and development (R&D) is characterised by improvisation, improvement and innovation based on information, knowledge and experimentation. It is the key to modern industrial development. Theoretically, firms are supposed to invest in R&D in order to enhance their existing offering and stay in business, given the competitive globalised market. The Indian economy is characterised as one of the growing global economies. Industrialisation process in India is dominated by the micro, small and medium enterprises (MSMEs). A low level of operation keeps these firms on a small budget, thus making the sector non-conducive in conducting firm-specific R&D. The current article is an empirical elucidation of the MSMEs’ industrialisation process in light of industry-specific R&D. The study is based on the Annual Survey of Industries data, analysing the national-level industrialisation process for 3 years from 2016 through 2018. The article finds that the overall MSME sector-specific R&D atmosphere in the country is not satisfactory. There is no correlation and symmetry between the level of industrialisation across states, average output and the R&D process. The findings of the article recommend a change in the industrial policy with a focus on the growth and development of industry-specific R&D.

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Section: Industrial Research and Development In Indiamentioning

confidence: 99%

The Industrial Research and Development Profile of the MSME s Sector in India

Majeed

Khan

Mushtaq

et al. 2021

SEDME (Small Enterprises Development, Management & Extensio

View full text Add to dashboard Cite

show abstract

“…This activity, in fact, can provide job opportunities for the community, not only for the owners, but also for the worker class who do not own capital [20]. Many of them are vulnerable since they do not have any access to capital [21]. So, the only way to save their financial conditions is through this informal sector along with all its consequences.…”

Section: Msmes and Social Structure Of Rural And Urban Communitiesmentioning

confidence: 99%

Revealing the Sharia Accounting Practice at East Java MSMEs to Support Halal Business Climate

Putri¹,

Putri²,

Syariati³

et al. 2021

Proceedings of the 3rd International Conference on Economics, Business and Economic Education Science, ICE-BEES 2020, 22-23 Jul

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The essence of life in Islam is the condition of a person when he or she returns to God or we know as the statement of innaalillaahiwainnaailaihiraaji-uun, which means that we belong to God, and to Him, we return. Sharia accounting does not only function as an earthly instrument but also as an instrument of prayer and dhikr to awaken divine awareness. With Sharia accounting, financial management is no longer a separate element from the spiritual concept so that its practice can help one to remain istiqomah until the time of return to Allah SWT. Sharia accounting is very important in business management because it makes someone always try to be honest and responsible in every decision making. Through sharia accounting, MSMEs owners have the motivation to maintain business quality, therefore they can maintain their business continuity. Therefore, the spirit of sharia accounting practices needs to be grounded in MSME actors. Through the data collected by interviews and focus group discussions, this study describes the understanding and practice of sharia accounting at MSMEs in East Java. By using the information obtained from this study, it is hoped that in the future appropriate strategies will emerge to encourage MSMEs to practice sharia accounting. In fact, MSMEs don't understand much about what is sharia accounting and still find it difficult to practice it in financial management. This condition occurs because there are a very few guidelines that describe sharia accounting practices. The results of the study suggest the need for a sharia accounting practice model and guidelines according to the conditions of the MSME. The implementation of sharia accounting is believed to be able to improve the quality of MSME financial management because it is accompanied by divine awareness in every business decision.

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“…Chen and Lee (2017) explains that in the dynamic panel system GMM estimation, the residual terms of the first difference equation must be correlated in the first-order test but not in the second-order, to ensure that all the lags of the dependent variable and other instrumental variables are strictly exogeneous. The null hypothesis of the AR(1) test is that there is no first-order autocorrelation while the AR (2) test is under the null that there is no second-order autocorrelation.…”

Section: Estimation Techniquementioning

confidence: 99%

Debt holdings and investment cash flow sensitivity of listed firms

Ahiadorme¹,

Gyeke-Dako

Abor

2018

IJOEM

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Emerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services. Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.

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A model of credit constraint for MSMEs in India

Cited by 19 publications

References 51 publications

The Industrial Research and Development Profile of the MSME s Sector in India

The Industrial Research and Development Profile of the MSME s Sector in India

Revealing the Sharia Accounting Practice at East Java MSMEs to Support Halal Business Climate

Debt holdings and investment cash flow sensitivity of listed firms

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