Economic uncertainty, ownership structure and small and medium enterprises performance

Doan, Anh‐Tuan; Le, Anh‐Tuan; Tran, Quan Hung

doi:10.1111/1467-8454.12174

Cited by 28 publications

(17 citation statements)

References 105 publications

(162 reference statements)

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“…Economic obstacles are weak economy, tax burden, high exchange rate and lower purchasing power of consumer and high inflation rate. Doan et al (2020) found that an increase in economic uncertainty has a negative effect on entrepreneurial SMEs’ performance. With higher GDP per capita and a strong and developed financial system, developed countries report fewer financial and economic obstacles to entrepreneurial SMEs’ growth than less developed countries (Moder and Bonifai, 2017).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Barriers constraining the growth of and potential solutions for emerging entrepreneurial SMEs

Khan

2022

APJIE

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Purpose Pakistan has marvellous growth and development capacity, and entrepreneurial small- and medium-sized enterprises (SMEs) play a key role in its development. As it is believed that entrepreneurial SMEs make an important contribution to the economy by providing employment and soaring production capacity, the purpose of this study is to investigate the hurdles that affect their performance. Design/methodology/approach A questionnaire-based survey was used to collect data from 225 entrepreneurial SMEs owners and managers in the southern region of Pakistan. Statistical analysis in SPSS was conducted to determine the barriers that limit the growth and development of SMEs. Findings The findings show that factors affecting entrepreneurial SMEs’ performance in Pakistan are lack of finance and infrastructure as well as economic barriers, corruption and management issues. These obstacles are positively and significantly associated with entrepreneurial SMEs’ failure. Originality/value This study’s significance lies in its identification of the barriers that affect the performance of entrepreneurial SMEs in Pakistan. The author also suggests how policymakers can devise better policies for SME growth.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Barriers constraining the growth of and potential solutions for emerging entrepreneurial SMEs

Khan

2022

APJIE

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“…In Eqn. (4), we introduce interaction terms between Happiness and FM20 , which is a dummy variable that takes a value of 1 if a firm is family-owned using the threshold of 20%, as suggested in prior studies (Nguyen, 2011a; Doan et al , 2020). We also include the same vector of control variables as in the baseline regression.…”

Section: Resultsmentioning

confidence: 99%

Which formula for corporate risk-taking around the world? Exploring happiness as the “black box”

Tran

2021

JABES

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PurposeThis paper examines how the degree of happiness affects corporate risk-taking and the moderating influence of family ownership of firms on this relationship.Design/methodology/approachThe authors use an international sample of 17,654 firm-year observations from 24 countries around the world from 2008 to 2016.FindingsUsing the happiness index from the World Happiness Report developed by the United Nations Sustainable Development Solutions Network, the authors show that a country's overall happiness is negatively correlated with risk-taking behavior by firms. The findings are robust to an alternative measure of risk-taking by firms. Further analyses document that the negative influence of happiness on firm risk-taking is more pronounced for family-owned firms.Practical implicationsThe paper is consistent with the notion that happier people are likely to be more risk-averse in making financial decisions, which, in turn, reduces corporate risk-taking.Originality/valueThis study contributes to the broad literature on the determinants of corporate risk-taking and the growing literature on the role of sentiment on investment decisions. The authors contribute to the current debate about family-owned firms by demonstrating that the presence of family trust strengthens the negative influence of happiness on corporate risk-taking, a topic that has been unexplored in previous studies.

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“…The year 1990 constituted the lower bound of the period studied since the first published and indexed article, whose title clearly presents the keywords "Ownership structure" and "performance", was the article by Smith (1990). The upper bound will be the month of June 2020 (date corresponding to the completion of the bibliographical research) with the articles by Doan, Le, and Tran (2020) and Kuo, Lu, and Dinh (2020) After eliminating the journals in which no articles are published with the combination of keywords used, and with the exclusion of books, papers and web pages, we were able to build a base of 229 articles published in 141 journals.…”

Section: Methodsmentioning

confidence: 99%

Ownership Structure and Performance of Companies: Exploratory Study via a Systematic Review of the Literature

KOUIRI

Agouram

Kadouri

2021

International Journal of Social Sciences Perspectives

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This article aims to understand the general context of research on the impact of ownership structure and performance of firms through a systematic review of references that include the keywords "ownership structure" and "performance" in their titles and that are published in English between 1990 and June 2020. For this purpose, we used articles published in journals indexed in the Scopus database. The uploaded articles are organized by the Mendeley Desktop tool and then transferred to the NVivo10 tool, in order to make a textual analysis of the elements contained in the articles. Data concerning the article, the characteristics of the study population, were collected. Our initial bibliographic search covered 229 articles published in 141 journals registered in more than 30 databases. It was found that the journals have published on this subject belongs to several disciplines related to governance, finance, and management and that they come from Anglo-Saxon countries. Our work can be considered as a support in the study of the scientific literature review related to ownership structure and performance.

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Economic uncertainty, ownership structure and small and medium enterprises performance

Cited by 28 publications

References 105 publications

Barriers constraining the growth of and potential solutions for emerging entrepreneurial SMEs

Barriers constraining the growth of and potential solutions for emerging entrepreneurial SMEs

Which formula for corporate risk-taking around the world? Exploring happiness as the “black box”

Ownership Structure and Performance of Companies: Exploratory Study via a Systematic Review of the Literature

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