The influence of behavioral factors on SMES’ owners intention to adopt private finance

Kijkasiwat, Ploypailin

doi:10.1016/j.jbef.2021.100476

Cited by 18 publications

(14 citation statements)

References 35 publications

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“…It is also clear that CB-effect on construct reliability is more pronounced than PLS-when SEM’s it comes to average variance extract estimates in various samples and models. Furthermore, Kijkasiwat ( 2021 ) claims that CB-SEM is preferred to PLS-SEM in parameter precision. As a result of using a consistent estimator, the CB-SEM estimation method can produce consistent attributes across different contexts.…”

Section: Analysis and Resultsmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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Small-and medium-sized enterprises (SMEs) in China have been hit hard by the coronavirus (COVID-19) outbreak, which has jeopardized their going out of business altogether. As a result, this research will shed light on the long-term impacts of COVID-19 lockdown on small businesses worldwide. The information was gathered through a survey questionnaire that 313 people completed. Analyzing the model was accomplished through the use of SEM in this investigation. Management and staff at SMEs worldwide provided the study's data sources. Research shows that COVID-19 has a significantly bad influence on profitability, operational, economic, and access to finance. In the study's findings, outside funding aids have played an important role in SMEs' skill to persist and succeed through technological novelty than in their real output. SME businesses, administrations, and policymakers need to understand the implications of this study's results.

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Section: Analysis and Resultsmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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“…conditions (Kumar & Rao, 2015). It can be seen that in the case of SMEs, behavioral aspects are also important (Kijkasiwat, 2021;Yazdipour, 2011). For this reason, of great importance is the development of sources of financing placed outside the traditional financial system and many social and psychological factors supporting the process of funding SMEs.…”

Section: Financial Determinants Of Sme Activity In Developing Countriesmentioning

confidence: 99%

The role of financial technology and entrepreneurial finance practices in funding small and medium-sized enterprises

Łasak¹

2022

JEMI

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PURPOSE: The traditional sources of financing (bank loans) cannot be treated as an essential source of financing for SMEs in developing countries. For this reason, this group of entities uses many alternative sources, from bootstrapping to microfinance and crowdfunding. During the last decade, a significant contribution in this area has been financial technology. The purpose of this study is threefold: 1) to present the role of financial technologies in financing SMEs, 2) to examine the role of entities based on financial technology in financing SMEs in developing countries, and 3) to consider other non-bank aspects of financing SMEs, leading to the improvement of the financial situation of these entities. The in-depth analysis of these entrepreneurial finance practices will be developed in the following papers presented in this Issue. METHODOLOGY: This study employs a theoretical approach based on a narrative literature review. The primary attention is focused on applying financial technology as a stimulant for the finance of SMEs in developing countries. FINDINGS: As a consequence of the financing gap for SMEs within the traditional financial system, these entities use non-bank financing based on financial technology. The research confirms that financial technology plays a crucial role in fostering the financial situation of SMEs in developing countries and providing greater financial inclusion for these entities. Both, financial technology and enterprises based on this technology contribute significantly to the improvement of efficiency of financing SMEs in emerging markets. They also provide a broader range of services, than were offered by the traditional financial sector. Regarding the other aspects of SME finance, it is essential to implement such ways of financing like microfinance services and crowdfunding. Such funding mechanisms, together with the budget process and the compliance under the conditions of e-tax systems, are important determinants of current entrepreneurial finance. IMPLICATIONS: The paper describes the financing of SMEs in developing countries. The in-depth picture of the SME’s financial situation, focusing on the technological development in this area, provides essential insight into this still poorly explored area. It also offers important premises for shaping the post-pandemic policy to support their further growth. ORIGINALITY/VALUE: Despite growing theoretical and empirical literature about entrepreneurship finance, this study aims to contribute to the role of financial technology in this area. The impact of financial technologies and the role of fintech-based entities on SME activity in developing countries are still poorly researched. Moreover, the research provides a brief overview of other SME funding sources and their determinants in this group of countries.

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“…We can deduce their attitude toward financing behavior from different financing motives of family farmers. Combined with the research of Ploypailin (2021), this study evaluates the attitude of the family farm to participate in the financing behavior of green agricultural production from three aspects, namely, the expectation of family farm operators on the economic benefits of the farm operation, the expectation of green agricultural development, and the psychological expectation of the incentive policies of the government. Based on this, the hypothesis is put forward: H1: Attitude of the farmers have a significant positive impact on their willingness to participate in green agriculture financing.…”

Section: Research Hypothesismentioning

confidence: 99%

“…In other words, the willingness of the farmers to finance is an important incentive for farmers to generate financing behavior. The stronger their willingness, the more likely their financing behavior is to occur (Al Balushi et al, 2018;Ploypailin, 2021). Based on this, the hypothesis is put forward: H3: Perceived behavioral control of the farmers has a significant positive impact on their willingness to participate in green agriculture financing.…”

Section: Research Hypothesismentioning

confidence: 99%

Factors Affecting Green Agricultural Production Financing Behavior in Heilongjiang Family Farms: A Structural Equation Modeling Approach

et al. 2021

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Adhering to large-scale agricultural operations is one of the basic ways to develop green agriculture, and it is also an inevitable choice for the development of modern agriculture in the country. Among them, as a major agricultural production province in China, the development of family farms in Heilongjiang Province has a significant impact on green agriculture. Based on the theory of planned behavior (TPB), this study takes the 222-demonstration bases of family farms evaluated in Heilongjiang Province in 2019 as samples and constructs a structural equation model (SEM) to discuss the influence of participation in the family farms in green agricultural production financing behavior in-depth based on directional design, distribution, recycling, and sorting out questionnaires. The research found that the financing willingness of the farmers is determined by the attitude, subjective norms, and perceived behavior system of the family farm manager, and the financing willingness of the farmers and perceived behavioral control are determined by the financing behavior of the farmers. Among them, attitudes, subjective norms, and perceived behavioral control have a significant positive impact on financing intention and have a further effect on financing behavior. Financing willingness and perceived behavioral control have a direct effect on financial behavior and have a significant positive effect on it. This article aims to improve and enhance the financing environment for family farms to participate in green agriculture, to increase the enthusiasm of the new agricultural operators to participate in green agriculture.

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The influence of behavioral factors on SMES’ owners intention to adopt private finance

Cited by 18 publications

References 35 publications

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

The role of financial technology and entrepreneurial finance practices in funding small and medium-sized enterprises

Factors Affecting Green Agricultural Production Financing Behavior in Heilongjiang Family Farms: A Structural Equation Modeling Approach

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