Strengths and Weaknesses among Malaysian SMEs: Financial Management Perspectives

Salikin, Norasikin; Wahab, Norailis Ab.; Muhammad, Izlawanie

doi:10.1016/j.sbspro.2014.03.685

Cited by 29 publications

(21 citation statements)

References 4 publications

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“…Therefore, Beck concluded that smaller firms in countries have underdeveloped financial and legal systems to use external finance (Beck et al, 2008). Financial support is essential for SME's development (Salikin et al, 2014).…”

Section: Smes and Access To Financementioning

confidence: 99%

Financial Innovations for SMEs in Sri Lanka

2020

JESD

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In Sri Lanka, SMEs play a significant role and are more constrained by different obstacles, and limited access to finance is a significant problem. The purpose of this paper was to investigate financial innovations to develop SMEs in Sri Lanka. The study was based on primary and secondary sources. Primary data were from SMEs' owners or managers gathered by using survey methods. The sample comprised 63 SMEs in Sri Lanka operating different kind of industries. The finding reveals that commercial banks' loans are the most critical source of SME financing, even though the SME has many difficulties in dealing with banks. Leasing financing and loans from other financial institutions are less important than other financial sources. Equity financing, venture capital, and factoring are uncommon among SMEs in Sri Lanka. Indeed, there was evidence that SMEs in Sri Lanka still preferred to use traditional financing sources instead of innovative financial sources. Furthermore, SMEs do not have sufficient knowledge about innovative financial authorities, and financial institutions fail to provide adequate support for SMEs. Promoting programs to develop managerial and IT skills for SMEs, establishing particular banks for SMEs related to the small community, and other financial such as factoring and venture capital can be developed to reduce SMEs' financing problem in Sri Lanka.

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Section: Smes and Access To Financementioning

confidence: 99%

Financial Innovations for SMEs in Sri Lanka

2020

JESD

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“…As in the table above, SMEs in Indonesia only cover two measures, while in other countries there can be more than two. In Malaysia for example, SMEs are defined as companies with sales turnover not exceeding RM25 million or employing workers not exceeding 150 workers for production and sales turnover not exceeding RM5 million or employing workers not transcending 50 workers for services and other sectors [15], and these criteria may change according to economic development and state regulation.…”

Section: A Traders As Small and Medium Enterprises (Smes)mentioning

confidence: 99%

Empowerment of Small and Medium Enterprise (SME) Traders Through Insurance

Mulhadi¹,

Azam²

2019

Proceedings of the First International Conference on Progressive Civil Society (ICONPROCS 2019)

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This study aims to find an empowerment model for SME traders who are considered ideal in the future with an empirical juridical approach through distributing questionnaires to 95 trader's respondents in 4 main markets in Medan city, where samples are determined by purposive sampling technique were measured using a Likert scale. The concept of SME empowerment has been regulated in several regulations in Indonesia but has not been well implemented in areas such as Medan City. The empowerment model with a fire insurance scheme and insurance consortium is considered appropriate to maintain the existence of SME traders who conduct business activities in traditional markets.

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“…Countries are using different definition on SMEs using characteristics including size, location, structure, age, number of employees, sales volume, ownership through innovation and technology (Zeinalnezhad et al, 2011). Based on employees number and total turnover, Malaysia adopts slightly similar definition as being used by UK, USA, Japan, China and Korea (Salikin et al, 2014).…”

Section: Smes In Malaysiamentioning

confidence: 99%

Budgetary control, corporate culture and performance of small and medium enterprises (SMEs) in Malaysia

Maelah

Yadzid

2018

IJGSB

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Small and medium enterprises (SMEs) play an important role in the economic development of Malaysia as they represent 99.2% of businesses in this country. This study attempts to determine the relationship between budgetary control tightness and organisational performance with corporate culture as the moderating variable among SMEs in Malaysia. The study found that budgetary control tightness has positive relationship with performance. Further tests found that budgetary control tightness resulted in low performance for consensual, entrepreneurial and competitive cultures. As for bureaucratic culture, budgetary control tightness does not result in high organisational performance. Practically, the study highlights to the management the importance of budgetary control and corporate culture on performance. Theoretically, this study contributes in the areas of accounting and management control system, especially in the scope of SMEs. Limitations of the study include the regional scope of study and its focus on existing corporate culture.

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Strengths and Weaknesses among Malaysian SMEs: Financial Management Perspectives

Cited by 29 publications

References 4 publications

Financial Innovations for SMEs in Sri Lanka

Financial Innovations for SMEs in Sri Lanka

Empowerment of Small and Medium Enterprise (SME) Traders Through Insurance

Budgetary control, corporate culture and performance of small and medium enterprises (SMEs) in Malaysia

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