2020
DOI: 10.13106/jafeb.2020.vol7.no8.451
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Protection of Minority Shareholder Investment in the Small and Medium-sized Enterprises

Abstract: This study aims to examine the relationship of the four factors that increase the protection of minority shareholder investment. The factors are non-controlling shareholders, corporate governance, free cash flow, and shareholder wealth. The data for this study is obtained from the 2017 annual reports of 136 Thai public companies listed in the Market of Alternative Investment of Thailand (MAI). The analysis uses a multiple regression model to determine which factors encourage and which inhibit the protection of… Show more

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Cited by 9 publications
(12 citation statements)
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“…In this study, focused on examining the performance of SMEs and understanding the relationship between technical skills, managerial skills, entrepreneurial skills, business skills, and SME performance with the mediating effect of strategic planning, a survey design was deemed appropriate. The survey design aligns with previous relevant studies (Kunene, 2009;Ahmad et al, 2020;Ahmad et al, 2021;Smith et al, 2006).…”
Section: Methodsmentioning
confidence: 81%
“…In this study, focused on examining the performance of SMEs and understanding the relationship between technical skills, managerial skills, entrepreneurial skills, business skills, and SME performance with the mediating effect of strategic planning, a survey design was deemed appropriate. The survey design aligns with previous relevant studies (Kunene, 2009;Ahmad et al, 2020;Ahmad et al, 2021;Smith et al, 2006).…”
Section: Methodsmentioning
confidence: 81%
“…However, the extent to which these functions are executed depends on how equipped the manager is in terms of skills, knowledge and other competencies which is expected to be acquired through managerial training. It is therefore argued that SME managers particularly those in developing countries such as Ghana need to be provided with constant and adequate managerial training which will equip them with the required managerial competency (Raven and Le, 2015; Ahmad and Ahmad, 2021). Similarly, Newman et al.…”
Section: Background and Theory Developmentmentioning
confidence: 99%
“…Since every organisation is distinct in its talent needs, managerial training should be tailored to these needs. This becomes much more crucial in the context of SMEs in developing countries that are largely saddled with low-quality staffing and managerial ineffectiveness (Ahmad and Ahmad, 2021). Using primary data collected from 506 SMEs across various economic sectors in Ghana, the study examines how training content, accessibility, efficiency, and frequency influence managerial effectiveness.…”
Section: Introductionmentioning
confidence: 99%
“…Besides that, previous research shows that a link exists between managerial competencies and performance. For example, Veliu and Manxhari (2017) and Biteko and Ismail (2020) argue that managerial competencies that include professional, personal and social competencies improve both management and firm performance; managerial competence improves performance (Veliu and Manxhari, 2017;Odeng, 2012;Elias and Mwakujonga, 2019); managerial skills influence SMEs' performance (Ahmad and Ahmad, 2021); knowledge competences and behavioral competencies positively influence competitive advantage (Awang et al, 2012;Bilal et al, 2017); and managerial competences improve sales performance and customer satisfaction (Masoud and Al khateeb, 2017). Although management competencies may influence performance, their effect on the SC performance of SMEs hasn't been given significant attention.…”
Section: 2mentioning
confidence: 99%