Influence Of Financial Resources Research Articles

Influence of financial resources on sustainability performance of SMEs in emerging economy: The role of managerial and firm level attributes

AbstractThis research investigates whether managerial level attributes (age, education, and experience) and firm level attributes (size and age) influence the role of financial resources (FR) on sustainability performance in small and medium enterprises (SMEs) in emerging economies. To test the model, the analyses were performed through SmartPLS based on 611 Pakistani SMEs. The results of the structural equation modeling indicate that the positive relationship between FR and sustainability performance is significantly strengthened by managerial attributes (manager experience and education) and firm level attributes (firm size). However, manager age and firm age do not moderate the nexus between FR and sustainability performance. This research recommends SMEs to focus on experienced and educated managers as compared to older ones to utilize their FR efficiently in sustainable activities. This research enriches the resource base view and upper echelon literature through empirical evidence. Further implications for policymakers and businesses are discussed.

Accessibility of local government websites: influence of financial resources, county characteristics and local demographics

Although many studies have investigated how well government websites have implemented website accessibility standards, such as Section 508 and WCAG 2.0, very little research has been conducted exploring what factors influence the level of implementation. Based on the organizational innovation model proposed by Frances Berry, this study examines 342 county government websites in the USA and analyzes how several factors, such as budget resources, local demographics and forms of county government, influence the accessibility of the sites. The result of the OLS estimate indicates that the complexity of the websites and the county population density are the most important predictors of web accessibility. County budget is also a marginal predictor, while the percentage of the population with disabilities is a negative predictor. Given the slow progress in the implementation of higher accessibility standards in the USA, the findings of this study provide timely implications for policymakers and governments to improve the quality of their websites.

The Influence of Financial Resources on the Success of Start-up Business in Kenya

<p>It is true that no new business succeeds without a detailed and thorough business plan. A complete plan identifies and quantifies the capital that is likely to be required to reach break-even and beyond. Accounting as a business function and innovative activity has to be understood by entrepreneurs as it provides clear picture of the business success. The purpose of this study is therefore to examine the relationship that exists between availability of financial resources and success of new startup business. The objectives were to examine financial sources influencing success of startup business. Government programmes in place, motivating factors as well as obstacles to success of startup business. The study adopted quantitative and qualitative approaches where descriptive design was used to achieve the study objectives. A sample of 25 was taken from the study area. A questionnaire was used as a research instrument for this study. The study found out that majority of new business use family and friends loan to finance their business. Majority disagreed that there are government programmes that support startup business. Access to finance and legal regulations posted as the most obstacles business is facing. Majority of respondents also reported that opportunity of having job and earning money as the main motivating factor to start new business. The study recommends the government should come up with new innovative programmes that will support startup business. The study concludes that for any business to succeed, regardless of industry or size, has to identify proper sources of finance with government support and proper accounting tools needs to be adopted. </p>

Empirical Research on Relationship between Entrepreneurial Resource, Strategy and Performance under Different Environment

In this paper, we introduce environmental dynamism as the contextual factor, and conduct an empirical research on relationship of entrepreneurial resource, strategy and performance. We find that entrepreneurial resources including financial resources, human resources, management resources, information resources, technological resources, policy resources have a markedly positive impact on entrepreneurial performance, and the importance order is human resources, financial resources, information resources, technological resources, policy resources, management resources. These resources also have positive impact on entrepreneurial strategy; the richer the financial resources, human resources, information resources are, the easier it is to implement entrepreneurial strategy including cost leadership strategy and differentiation strategy; the richer the management resources are, the easier it is to implement cost leadership strategy; the richer the technological are, policy resources are, the easier it is to implement differentiation strategy. The cost leadership strategy has a lower significant impact on entrepreneurial performance compared with the differentiation strategy, and these strategies all play a partial mediating effect between entrepreneurial resource and entrepreneurial performance. Environmental dynamism plays a negative effect on the influence of financial resources, human resources, management resources, and policy resources on entrepreneurial performance and plays a positive effect on the influence of information resources, technological resources on entrepreneurial performance. Finally, we present research conclusion, trends and perspectives.

The Impact of Financial and Cultural Resources on Educational Attainment in the Netherlands

Collins's and Bourdieu's conflict theories of educational stratification are elaborated into two testable hypotheses. One hypothesis states that the effects of parents' financial resources on children's educational attainment have decreased; the other states that the effects of parents' cultural resources have increased. I estimate linear structural models in which the educational attainment of the two oldest siblings in a family is predicted by social background and by indicators of parents' financial and cultural resources. Cohort comparisons show that the influence of financial resources has disappeared since 1950 and that the influence of cultural resources, which was small before 1950, became even smaller after 1950. The association between parents' participation in high culture and children's educational attainment proves to be spurious.