Abstract
In this research, SME business owners, top management, shareholders and financial managers are recommended and additionally implicit that they have direct involvement in the financial decision making of the respective enterprise, specifically in selecting debt or equity financing options. The design of the sampling technique is depicted trailed by the discussion of research instrument development. The sample size of a total of 210 respondents who met the predefined characteristics to contribute the insightful information related to corporate finance among SMEs in Malaysia. The findings revealed that a positive relationship exists between productivity and enterprise performance, as well as between enterprise size and enterprise performance. Likewise, there is a positive relationship between enterprise expansion and enterprise performance, as well as enterprise age and enterprise performance. Finally, a positive relationship has been identified between asset tangibility and enterprise performance. This study implies a new research framework consists of enterprise productivity, enterprise age and growth, working capital, enterprise size and asset tangibility as the determinant of capital structure decisions towards enterprise performance. JEL: L10, L20, P12, D24 Article visualizations:
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