Business owner and manager’s attitudes towards financial decision-making and strategic planning: Evidence from Croatian SMEs

Čalopa, Marina Klačmer

doi:10.30924/mjcmi/2017.22.1.103

Cited by 8 publications

(7 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Such low rate of response is not unusual for studies on MSMEs, especially in developing countries and those in relation to their financing issues. A study by Čalopa (2017) on SME business owner and manager's attitudes towards financial decision-making and strategic planning had a responses rate of 14% which is quite similar to this study. Out of the 390 responses received, we could only use 337 because 53 of them were deemed unusable due to various reasons, including missing values (1), unreliable answers (51) and ineligibility to participate in the survey as the respondent was the owner or manager of a large company (1).…”

Section: Methodssupporting

confidence: 83%

See 1 more Smart Citation

Influence of human capital and social capital on MSME access to finance: assessing the mediating role of financial literacy

Hj Talip,

Wasiuzzaman

2023

IJBM

View full text Add to dashboard Cite

PurposeThe authors investigate the role of financial literacy in influencing the relationship between human capital and social capital, with access to finance of micro, small and medium enterprises (MSMEs).Design/methodology/approachData were gathered from 337 MSMEs in Brunei Darussalam, and analysis on the data was carried out using a number of statistical methods. The relationships between human capital, social capital, financial literacy and access to finance were analyzed using PLS-SEM.FindingsThe results show that human capital does influence access to finance but contrary to previous studies, the influence is negative. Financial literacy is an important element in the relationship between human capital, social capital and access to finance, although it plays a greater role in the relationship between social capital and access to finance. Further analysis shows that financial knowledge is significant in moderating the relationships between human and social capital with access to finance. Financial skills is found to only moderate the relationship between social capital and access to finance.Originality/valueTo the authors' knowledge, this study is the first that integrates the human capital, social capital, financial literacy and access to finance in a single model. The authors also highlight the importance of enhancing the financial literacy of MSMEs so that the problem of access to finance can be alleviated, especially in developing countries.

show abstract

Section: Methodssupporting

confidence: 83%

“…Such low rate of response is not unusual for studies on MSMEs, especially in developing countries and those in relation to their financing issues. A study by Calopa (2017) ). The demographic profile also includes the human capital profile of the respondents, i.e.…”

Section: Data Collection Proceduresmentioning

confidence: 99%

Influence of human capital and social capital on MSME access to finance: assessing the mediating role of financial literacy

Hj Talip,

Wasiuzzaman

2023

IJBM

View full text Add to dashboard Cite

show abstract

“…Likewise, for the time factor, SME owners should spend more time discovering new ways of managing and developing new technologies that can elevate their business to a better position. SME owners have a significant impact on financial decisions [25] and business, therefore, they have to move forward and leave behind bad experiences [15] such as capital loss and negative perceptions related to the use of ICT as it will only making their business less competitive.…”

Section: Discussionmentioning

confidence: 99%

Factors Affecting SME Owners in Adopting ICT in Business using Thematic Analysis

Rozmi¹,

N.E.²,

Razak³

et al. 2020

IJACSA

View full text Add to dashboard Cite

In Malaysia, Small Medium Enterprise (SME) has become the main contributor for the income generation and employment thus are expected to increase country's GDP growth. Hence, it is important for the SME owners to ensure the sustainability of their business in today's business settings that has moved to digital businesses in which technology is used to create new value in business models, customer experiences and the internal capabilities that support its core operations. Yet, there are still local SMEs who did not fully utilized the advantages of adopting Information and Communications Technology (ICT) in their business operation and transactions. This paper presents an interview done with 12 SME owners that operates their businesses in Kuala Lumpur and Selangor. The study is to gain an understanding on the factors affecting SME owners in adopting ICT in their business by using the Thematic Analysis method. The outcome shows that there are two central themes that affect ICT usage in SME which are the (1) Internal Factor and (2) External Factor. Further, we identified two (2) components that effect the Internal Factor, namely Company (capital, company's age, less skilled workers and family business) and SME Owners (time, education, perceptions and experiences) and another two (2) components that affect the External Factor, namely Technology (high cost, complicated, system's security and stability) and Regulators (government's initiatives, training skills and no urgency). Hence, the result is important to the SME owners and management as well as the government or the authorities to resolve these issues in order to increase the ICT usage among the SME owners in Malaysia.

show abstract

“…A startup is a newly founded company or an entrepreneurial project that is in the development and market research phase. These are usually, but not necessarily, hightech projects that have great growth potential (Klačmer Čalopa et al, 2014). Startups are newly founded companies that are struggling to survive and are usually based on ideas (Salamzadeh & Kawamorita, 2015).…”

Section: The Purpose Of a Business Incubatormentioning

confidence: 99%

The Influence of a Business Incubator on the Business Success of a Beginner Entrepreneur: Case Study of a Technology-innovation Center in Međimurje County

Rončević,

Ličanin

2023

Croatian Regional Development Journal

View full text Add to dashboard Cite

The recession of the 1990s in Europe and the United States of America marked a defining moment for entrepreneurship. Business incubators emerged as a means of redistributing strategic resources and developing new tools for local and regional economies. In Croatia, most incubators are founded by cities and counties, with two private incubators also in operation. The Technological Innovation Center “Međimurje” (TICM) in Čakovec was established by Međimurje County in 2009 to incubate startup entrepreneurs, with the aim of supporting regional development and strengthening the entrepreneurial sector. With recent population emigration, the Međimurje County Development Plan until 2027 underscores the heightened importance of TICM as an entrepreneurial support institution. This paper presents a comprehensive analysis of the challenges, needs, and obstacles faced by beginner entrepreneurs working in the TICM incubator. It critically evaluates the extent to which TICM meets the needs of newly founded companies, identifies the challenges it faces, and proposes solutions. By analysing the survey responses, the research questions were answered, and guidelines for the potential future operation of the incubator were developed. Research shows unequivocally that there are numerous advantages of doing business in an incubator, primarily the possibility of survival in the market. The work determines the needs of beginner entrepreneurs, which can guide the building and redefinition of existing services, and also highlights the need to increase the incubator’s capacity.

show abstract

Business owner and manager’s attitudes towards financial decision-making and strategic planning: Evidence from Croatian SMEs

Abstract: The main goal of the paper was to explore the attitude of business owners and managers in the small and medium sized companies (SMEs)

Cited by 8 publications

References 10 publications

Influence of human capital and social capital on MSME access to finance: assessing the mediating role of financial literacy

Influence of human capital and social capital on MSME access to finance: assessing the mediating role of financial literacy

Factors Affecting SME Owners in Adopting ICT in Business using Thematic Analysis

The Influence of a Business Incubator on the Business Success of a Beginner Entrepreneur: Case Study of a Technology-innovation Center in Međimurje County

Contact Info

Product

Resources

About