An Empirical Evidence from Malaysia: What Makes the Muslim Entrepreneurs Succeed?

Fatimah-Salwa, A. H.; Mohamad-Azahari, A.; Joni-Tamkin, B.

doi:10.5539/ijef.v5n7p94

Cited by 6 publications

(3 citation statements)

References 40 publications

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“…They indicated that the older the participant, the greater the number of financial management practices adopted. By contrast indicated in their study that age has negatively significant impact on the success of SMEs management by women entrepreneurs in East Java [40]. It happens because the age of women entrepreneurs is dominated by youth.…”

Section: Age Of the Ownermentioning

confidence: 84%

Untitled

2022

JRAR

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Financial management is the overall arrangement for planning, directing, monitoring, organizing, and controlling of the economic resources of an organization, with a view to efficient accomplishment of the enterprise objectives. It is well recognized that financial management practice has a key reason for the success of those enterprises and it is the main issue for any business type. However, the status of effective financial management practice in developing countries especially in Ethiopia is at its infant stage. Thus, the main objective of the study is to investigate the determinants of financial management practice of micro and small enterprises in East Gojjam Zone.The type of research applied in this study is explanatory/causal/ in nature. Questionnaires were used to collect primary data. The combination of purposive stratified and systematic sampling techniques were applied to select respondents. A multiple linear regression model was used to test the casual relationship between the study variables. The findings indicated that financial management knowledge, financial management attitude, size of enterprise, locus of control, and use of information technology have positive and significant effect on financial management practice. However, gender, owner's age, and enterprise age have no statistically significant effect on financial management practice of micro and small enterprises. The descriptive analysis indicated that there is poor financial management practice of micro and small enterprises in East Gojjam Zone. The study suggested that financial management experts should provide financial management training for micro and small enterprise owners/managers.

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Section: Age Of the Ownermentioning

confidence: 84%

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2022

JRAR

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“…In such a way, microcredit in terms of entrepreneurship is also very successful, especially in the case of women. In Malaysia, the microcredit entrepreneurs' profile was explored, and financing is one of the main variables that significantly affected the success of microcredit entrepreneurs [62]. Similarly, in Sri Lanka, the significant impact of microcredit on women entrepreneurship was found [63].…”

Section: Evidence From Different Countriesmentioning

confidence: 99%

Role of Microcredit in Sustainable Rural Development

Imran¹,

Haq²,

Özçatalbaş³

2023

Sustainable Rural Development Perspective and Global Challenges

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Around 1.7 billion adults have no access to transaction accounts in the world. The majority of those are poor and women in rural areas of two developing regions of the world (South Asia and Sub-Saharan Africa). Rural areas of these regions are home to the poor and poverty, hunger, unemployment/underemployment is widespread phenomenon. Access to financial services is crucial for economic development. However, poor and smallholder have been neglected by traditional banks for a long time. Microcredit a development model to provide loans to the poor who have no, or little collateral emerged in Bangladesh and has been adopted in many countries of the world. In this chapter, microcredit as a solution to much of the problems of the rural areas has been discussed. Over time there has been a shift in objectives of rural development. Rural development nowadays is about an overall improvement of the human quality of life in terms of economic, social, political, and environmental, issues. Access to microcredit has a positive impact on three dimensions of sustainable rural development; social, economic, and environmental. Microcredit helps in the alleviation of poverty, employment, entrepreneurship, higher productivity from agriculture, women empowerment, gender equality, reduced rural outmigration, better health and education, green entrepreneurship, and adoption of modern technology/inputs in agriculture.

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“…Due to their dual responsibilities as an entrepreneur and as a wife and mother, their involvement in business can be classified into three segments or groups based on their businesses' status: women in 'stable' business, women in newly formalised business, and women in non-formalised business. Formalisation refers to the business's legal registration (Fatimah et al, 2013;Lai et al, 2010). Those in a formal and registered business are devoting their time and effort as a full-time businesswoman, while others do it as a part-time activity.…”

Section: Introductionmentioning

confidence: 99%

Effect of ICT on Women Entrepreneur Business Performance: Case of Malaysia

Isa¹,

Muhammad²,

Ahmad³

et al. 2021

jeb

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Women entrepreneur has gained utmost importance in the past few decades in Malaysia due to their significant contribution to the country's economic development. However, few business challenges create a constant obstruction for many women entrepreneurs such as lack of ICT knowledge, time constraint to learn ICT, lack of technological expertise, etc. The present study aims to identify the effect of ICT adoption on business performance and examine how ICT usage helped them handle operational business matters. The present study adopted the qualitative research strategy, and researchers interviewed ten (10) women entrepreneurs for this study. A semi-structured interview technique was applied, and six Malay and four Chinese entrepreneurs made the study population. The result highlights that Malay and Chinese entrepreneurs use ICT in their business operation such as warehousing system, purchasing system, HRM software and accounting system, purchase order system, production system, internal communication, and AutoCAD. The present study may support the prospective entrepreneurs in considering the ICT usage to embark on technology and innovation and provide inputs to policymakers to design a proper support system for Malaysian women entrepreneurs, particularly those new entrepreneurs who are mostly young and inexperienced.

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An Empirical Evidence from Malaysia: What Makes the Muslim Entrepreneurs Succeed?

Cited by 6 publications

References 40 publications

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Role of Microcredit in Sustainable Rural Development

Effect of ICT on Women Entrepreneur Business Performance: Case of Malaysia

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