Performance Of SMEs Research Articles

Impact of Entrepreneurial Orientation on Small and Medium Enterprises Performance

The study aims to investigate the impact of entrepreneurial orientation on small and medium enterprises' performance. A survey-based quantitative research design was used to collect primary data from registered SMEs. There are 3010 registered small and medium-sized enterprises. A stratified sampling technique was used for calculating sample size, and 353 respondents were selected for data collection with the help of a questionnaire; analysis was performed through descriptive statistics such as frequency, percentages, and regression analysis were performed. The result shows There is a positive impact of risk-taking on small and medium sized enterprises' performance, a positive impact of innovation on small and medium-sized enterprises' performance, a positive impact of proactiveness on small and medium-sized enterprises' performance, a positive impact of autonomy the on small and medium-size enterprises' performance. The competitive aggressiveness has a positive impact on small and medium-size enterprises' performance. The study recommended the relationship between entrepreneurial orientation and SME performance is a topic of significant significance and potential for providing clues to the keys to success in this vital economic sector. When we know how entrepreneurial orientation affects SME performance, policy leaders in government and businesses, financial institutions or industry associations, and other stakeholders will be able to devise tailored strategies that promote a favourable environment for the growth and continued existence of Small and Medium-sized Enterprises; Further research can also shed light on some of the actionable advice for SMEs to improve their entrepreneurial capability and competitive advantage.

THE INFLUENCE OF MARKET ORIENTATION, ENTREPRENEURSHIP ORIENTATION, BUSINESS STRATEGY, AND INNOVATION ON THE PERFORMANCE

This examination aims to investigate the influence of market orientation, entrepreneurial orientation, commercial enterprise method, and innovation on the commercial enterprise performance of SMEs within the production sector in North Jakarta. The pattern selection approach in this study used a non-probability sampling technique with a convenience sampling technique. The sample on this look at is a convection business in North Jakarta with a complete of 100 respondents. data have analyzed the usage of the SEM technique with the SmartPLS utility. The consequences of this have a look at located that there may be a fine and significant effect of marketplace orientation on business performance, entrepreneurial orientation has an effective and good-sized impact on commercial enterprise overall performance, commercial enterprise method has an advantageous and vast effect on commercial enterprise performance, innovation has an insignificant high-quality effect on business performance.

Driving sustainable competitiveness: unveiling the nexus of green intellectual capital and environmental regulations on greening SME performance

Within the evolving landscape of contemporary business, where sustainability and innovation intertwine, our study explores a strategic gap, presenting the rationale behind choosing green intellectual capital (GIC), absorptive capacity (AC), green innovation (GI), environmental regulations (ERs), and competitive advantage (CA) as main constructs. This model investigates the complex nature of the competitive landscape of SMEs within the vibrant manufacturing sector using the latest version of SmartPLS 4 for analyzing complex data. Drawing upon the theory of the natural resource-based view (NRBV), this study uncovers that GIC advances GI and AC, driving SMEs toward sustainable CA, particularly within the context of ER. These findings propose vital insights for SMEs looking to leverage their valuable resource, contributing to greening operations and reaching sustainable competitiveness while also contributing to theoretical developments in understanding resource-based perceptions on greening the manufacturing of SMEs. Findings reveal the significant impact of GIC on AC and GI and their subsequent impact on CA. Furthermore, ER uncovers the essential role in shaping the link between GIC and AC, thus enhancing SMEs’ capacity to achieve sustainable competitiveness. This study discloses how SMEs utilize GIC to identify ER and achieve CA and how the NRBV develops an understanding of SMEs utilizing their unique resource endowments to drive GI and achieve CA. This study examines the mediating role of AC and GI in this relationship.

Impact of Dynamic Capabilities on Business Performance of SMEs during an Economic Crisis with reference to Western Province

The current economic crisis which is experiencing has a significant impact on the development and performance of most SMEs, making their existence even more susceptible. In the face of the current economic crisis, Dynamic capabilities (DCs) can be utilized as a survival mechanism to help organizations to increase the value of their businesses, get competitive advantages, and increase business performance in a changing business environment. Therefore, the purpose of this paper is to analyze the impact of three dimensions of DCs which are sensing, seizing, and reconfiguring on the business performance of SMEs during this economic crisis. In addition, this study investigates how DCs could impact business performance through Information technology (IT) adoption as a moderator. The quantitative approach is adopted, where a cross sectional survey was utilized to collect primary data from SMEs. Findings of the study based on a sample of 380 SMEs in western province and stratified random sampling method was utilized to select participants. Structural Equation Modeling (SEM) was used to analyze data by using Smart PLS 4 software. The results revealed that only sensing and reconfiguring capabilities have a significant impact on SMEs’ performance and IT adoption moderates the relationship between DCs and business performance during the economic crisis. Therefore, this study provides a great effort to quantitatively investigate the impact of three procedures of DCs and the moderate effect of IT adoption during the economic crisis. Furthermore, it conveys a better understanding of how SMEs could deploy their DCs to ensure higher levels of performance in periods of crisis. The results of this research will pave a path for them to successfully take effective strategic decision on the SMEs. Keywords: Business Performance, Dynamic Capabilities, Economic Crisis, and SME.

Driving Global Expansion: Exploring the Impact of Digital Marketing, Financial Management, and Financial Literacy on the Export Performance of Wood Processing SMEs

Driving Global Expansion: Exploring the Impact of Digital Marketing, Financial Management, and Financial Literacy on the Export Performance of Wood Processing SMEs

Social Capital and Entrepreneurial Performance of SMEs: The Mediating Role of Access to Entrepreneurial Resources

Abstract This study is conducted to explain entrepreneurial support resources of firms based on social network theory in developing countries, the case of Vietnam. Partial Least Squares Structural Modeling (PLS-SEM) was conducted with a sample size of 220 entrepreneurs in SMEs. The results supported the positive link between formal and informal networks and entrepreneurial firm performance. Second, the study explored the partial mediating role of access to entrepreneurial resources between formal networks, informal networks, and entrepreneurial firm performance. In addition, the results also provide practical value to entrepreneurs in actively building relationship networking in the entrepreneurship ecosystem. Finally, the study proposed some implications for entrepreneurs, limitations, and further research.

Accounting Conservatism, IPO Underpricing, and Post-issue Stock Performance of Indian SMEs

This study aims to investigate the influence of accounting conservatism on the underpricing phenomenon observed in Initial Public Offerings (IPOs) of small- and medium-sized enterprises (SMEs) in India. For this investigation, the study specifically focuses on two major dimensions of conservatisms, namely, conditional conservatism and unconditional conservatism. The sample for this investigation consists of 254 SMEs that underwent IPOs between 2013 and 2022 and subsequently got listed in the NSE Emerge Index. Employing a multivariate regression analysis, the findings indicate a significant and negative association between both conditional and unconditional conservatism and IPO underpricing in the SME market. This result implies that the adoption of conservative accounting practices plays a prominent role in curtailing the underpricing tendencies observed in SME offerings. Furthermore, an investigation of long-term IPO performance using a buy-and-hold abnormal return approach indicates that the presence of conditional conservatism positively impacts IPO performance in the long run. Conversely, unconditional conservatism is found to have a detrimental effect on the long-term performance of SME IPO issues. Overall, the outcomes demonstrate that investors stand to gain from informative financial statements that result from the adoption of conservatism. However, it is critical that conservatism is selectively applied to avoid excessive understatement of firm value. The study findings highlight the nuanced relationship between accounting conservatism and IPO performance and offer valuable insight that can benefit firm managers, underwriters, and lead managers involved in the IPO process.

The role of employee productivity through digitalization in increasing the performance of culinary SMEs

SMEs are one of the supporting aspects that have a big impact on the Indonesian economy. This research aims to see: 1) the influence of employee performance; 2) the influence of the use of digital marketing media, and 3) the influence of employee performance through the use of digital marketing media on increasing sales of culinary SMEs in the city of Makassar. The research results found that: 1) employee productivity has a positive and significant influence on improving SME performance. 2.) The use of digital marketing media does not have a direct influence on improving the performance of culinary SMEs in the city of Makassar, however 3) employee productivity through the use of digital marketing media will have a greater influence on improving the performance of these SMEs. Thus, it can be concluded that digital marketing media moderates the role of employee productivity in improving the performance of culinary SMEs in the city of Makassar.

Financial literacy and Performance of Women-Owned SMEs in Garissa County, Kenya

The SME sector is crucial for Kenya's government, driving inclusive economic growth, regional development, employment, and poverty reduction. Women-owned SMEs face challenges, including limited risk tolerance, hindering expansion. Financial skills, operating costs, and other issues contribute to their struggles. This paper explored the impact of financial literacy on the financial performance of women-owned SMEs in Garissa County, Kenya. The study focused on budgetary proficiency and debt navigation skills. Using a descriptive survey design and anchored on the Dual Process Theory, the research involved 399 sampled women owned SMEs out of a population of 763. The findings revealed significant relationships between budgetary proficiency and financial performance (Pearson’s r= 0.690, p<0.000) and debt navigation skills and financial performance (Pearson’s r=0.515, p<0.000). These predictors explain approximately 26.5% of the variance in women-owned SME performance (R Square = 0.265). The regression coefficients indicate that budgetary proficiency has a minimal effect (β = 0.010, p=0.027<0.05), influencing performance by 1.0%, while debt navigation skills have a moderate effect (β = 0.351, p=0.000<0.05), influencing performance by 35.1%. The study recommends strengthening financial management training, customizing financial literacy programs to address diverse gaps, and promoting inclusive budgeting practices among women-owned SMEs. Enhancing debt navigation skills is particularly emphasized for a more positive impact on the financial performance of women-owned SMEs in Garissa County.

CEO Compensation and SMEs Performance: A Structural Equation Modelling Approach from Jordanian Listed SMEs

This study's main goal is to discover whether the CEO's cash comparison affects SMEs' performance, with the bonus having a favorable impact instead. The research comprises an analysis of the SMEs mentioned in the Jordanian Ministry of Industry and Trade. To test hypotheses, data were meticulously collected from a sample of 80 SMEs in Amman, Jordan, a pivotal business hub in the country. Utilizing Structural Equation Modelling through Smart PLS 3, our chosen methodological framework facilitated a comprehensive analysis of the intricate relationships between CEO compensation variables and SME performance. The study's conclusions show a substantial correlation between the performance of SMEs included and the components of CEO compensation in the Jordanian Ministry of Industry and Trade. Despite this, it has been discovered that a few additional incentive factors significantly improve performance in SMEs. This study has shown that some incentive contract theories are appropriate for businesses with specific sizes and operating in particular industries.

A Study on the Influencing Factors of E-Commerce Adoption Among Small Medium Enterprises in Democratic Republic of the Congo

The purpose of this study is to explore the challenges or barriers to e-commerce adoption among SMEs in Democratic Republic of the Congo beyond the specific content covered in such interventions, and how infrastructural development might moderate those effects. The study also not only discusses that e-commerce adoption is imperative for the overall performance of SMEs, but also talks about how to mitigate the challenges. Qualitative as well as quantitative research methodology has been adopted in this study. A semi structured interview was conducted for getting an insight about e-commerce adoption. The researchers have found from the survey that there are different factors that affect the adoption of e-commerce which can be classified into three broad categories; technological, organizational and environmental factors. Although technological barriers are important challenges for e-commerce adoption in developing countries like DRC, but the importance of other barriers cannot be discriminated. Results of testing the model discovered two important findings: first, technological barriers, organizational barriers and environmental barriers have a direct negative relationship with e-commerce adoption. The results further show that technological barrier is the most determinant factor of e-commerce adoption followed by environmental and organizational factors respectively. Second, the moderating effects of infrastructural development was tested, which showed that the barriers have a more negative effect on e-commerce adoption for SMEs utilizing rural infrastructure than for urban SMEs.

Mediating Effect of Access to Electronic Payment System on Currency Redesign Policy and SMEs Performance in Northeast-Nigeria

This paper investigated the mediating role of access to electronic payment system (APS) on the relationship between currency redesign policy (CRP) and the performance of SMEs (PERF) in selected states (Adamawa, Bauchi, Gombe, and Yobe) in north-eastern Nigeria. The study used quantitative research approach and a multi-stage sampling technique was used to generate 300 responses using a research questionnaire. The partial least square structural equation modeling (PLS-SEM) technique was used to analyze data while the research model was examined using the disjointed two-stages approach. The study found a positive and significant mediating effect between CRP and PERF through APS. Equally, the direct paths were all found to be positive and significantly related. Meaning that not only does CRP affect PERF directly, but it also has an indirect effect on PERF through APS. This provided support for linking CRP and PERF through APS, and CRP and PERF, which doubles for validating the research model on the reflective-formative basis. Therefore, businesses are encouraged to utilize the usefulness of APS for doing transactions, which will double for achieving better PERF under the current CRP regime. This will have implication as the government is reintroducing the CRP as one of the measures of addressing inflation in Nigeria. On this note, the study concluded that APS is the most crucial factor in the implementation of CRP. Although, this cannot be generalized due to the concentration of the study in one region of the country, but future studies are encouraged to extend the scope of research to establish a basis of generalization.

Analysis Of The Influence Of Spiritual Capital, Motivation And Work Competencies On Performance Of Human Resource In Smes Sector

This study uses competence as a moderating variable in SMEs to assess and evaluate the impact of motivation and spiritual capital on SME performance. Primary and secondary data, gathered from 100 respondents, were used in this study. Path analysis is used to process the data after the non-probability sampling methodology using purposive sampling method was used in this study. The study's findings suggest that, in structure I, spiritual capital and motivation play a major role in competence. Competency is not significantly impacted by motivation at the same time as it is by spiritual capital. The elements of competence, spiritual capital, and motivation have a big impact on success in structure II. The results of the Adjusted R Square analysis of the coefficient of determination (R2) in structure I show that the combined effect of spiritual capital and motivation is 75%, with other variables influencing the remaining. The results of the analysis of the coefficient of determination (R2) in structure II show an Adjusted R Square of 60%, indicating that other factors have an influence on the remaining 40% of the effect, which is the simultaneous influence of competence, spiritual capital, and motivation.

The effect of external social media utilization on business performance of SMEs in Saudi Arabia: the mediating role of market orientation

The effect of external social media utilization on business performance of SMEs in Saudi Arabia: the mediating role of market orientation

Analysis of Accounting Information Systems on MSME Performance with Emotional Intelligence as Moderation

Good Emotional Intelligence (comprising self-awareness, motivation, and social skills) enables one to make appropriate decisions under a variety of circumstances. An organization's accounting information system is a device utilized to streamline the majority of business operations, regardless of the company's size (small, medium, or large). Due to the fact that MSMEs are a primary driver of economic expansion, the creation of new employment is crucial to their ability to make sound decisions.The analysis technique refers to a process of data analysis designed to yield information that can be utilized in this study. In order to facilitate researchers' comprehension of the data as a foundation for decision making, it is necessary to analyze the data for interpretation. The present study employed the Partial Least Squares (PLS) methodology is carried out in in three stages: Outer model analysis, Inner model analysis, Hypothesis testing. In accordance with the formal model, latent variables are defined explicitly as linear aggregates of observed variables or their indicators. In order to generate weight estimates for latent variable score components, the inner and outer model specifications are compared.Determine the impact of emotional intelligence (self-awareness, motivation, and social skills) on the performance of micro, small, and medium-sized enterprises (MSME) in relation to the implementation of accounting information systems. The primary data utilized in this study were collected through the distribution of questionnaires to MSME entrepreneurs in Jember Regency, who provided their responses. Clearly, the accounting information system plays a crucial role in the progress and growth of MSMEs. Emotional Intelligence has no appreciable impact on the efficacy of MSME businesses as it relates to accounting information systems. Nonetheless, Emotional Intelligence significantly impacts the business performance of SMEs.

Does Financial Resource Development Effort Affect the Dynamic Entrepreneurial Capability and Performance of SMEs?

Does Financial Resource Development Effort Affect the Dynamic Entrepreneurial Capability and Performance of SMEs?

SME Performance: Ability to prepare financial reports based on SAK ETAP and financial literacy (Empirical study of SMEs in the city of Serang)

The background of this research is that SME managers in preparing financial reports based on SAK ETAP, the managers are given training and assistance by the Department of Cooperatives, SMEs, Industry and Trade of Serang City, but the managers still focus on production without paying attention to recording financial transactions, thus hindering the managers in carrying out development, evaluation, and decision making. The formulation of the research problem is whether there is an influence between the ability to prepare financial reports based on SAK ETAP on the performance of SMEs and financial literacy as a moderating variable. The aim of this research is to test and analyze whether there is an influence between the ability to prepare financial reports based on SAK ETAP on performance and financial literacy as a moderating variable. The research method uses quantitative methods, the SMEs population in Serang City was taken using purposive sampling, hypothesis testing used PLS. The finding that the ability to prepare financial reports possessed by managers in Serang City affects performance, this is due to the intensive training and mentoring carried out by the cooperative, SMEs, industry and trade services but SMEs managers have not been able to prepare it. general financial reports with financial literacy awareness. This research concludes that the ability to prepare financial reports and financial literacy have a positive influence on SMEs performance, while the ability to prepare financial reports mediated by financial literacy has no effect on financial literacy.

The Effect of Bank Financing on the Economic and Non-economic Performance of SMEs in Bangladesh

The Effect of Bank Financing on the Economic and Non-economic Performance of SMEs in Bangladesh

The Role of Competitive Advantage as a Mediator of the Influence of Financial Aspects, Human Capital, and Innovation Capability on the Business Performance of SMEs (Empirical Study of SMEs in Manokwari Regency)

This research aims to analyze the direct and indirect influence of financial aspects, human capital, innovation capabilities and competitive advantage on the performance of MSME businesses in Manokwari Regency. This type of research is quantitative research using Structural Equation Modeling (SEM) analysis with the AMOS program version 25. The research population is all MSMEs in Manokwari district, totaling 1344 people. The sample in this research was 230 MSMEs. Data collection was carried out through distributing questionnaires online and offline. The research results show that the direct relationship between financial aspects, human capital, innovation capability has a positive and significant effect on competitive advantage and business performance. Competitive advantage has a positive and significant effect on business performance. For indirect relationships, financial aspects and human capital have a significant effect on business performance through competitive advantage, while innovation capability does not have a significant effect on business performance through competitive advantage.

Market Orientation, Entrepreneurship and SME Performance: The Role of Product Innovation

Aims: This study aims to analyze market orientation, entrepreneurial orientation, and their impact on SME performance with product innovation as an intervening variable.
 Study Design: Quantitative descriptive.
 Place and Duration of Study: South Celebes, between January 2023 and October 2023.
 Methodology: The population in this study were SMEs managing crabmeat in South Sulawesi. The research method used is a quantitative approach using a questionnaire as a data collection instrument, which was distributed to 132 samples selected from 395 populations using purposive sampling technique. The collected data were analyzed using regression analysis to test the relationship between the variables studied with the Smart PLS 3.2.9 application.
 Results: The results showed that Market Orientation has a positive and significant effect on Product Innovation, Entrepreneurial Orientation has a positive and significant effect on Product Innovation, Product Innovation has a positive and significant effect on SME Performance, Market Orientation has a negative and insignificant effect on SME Performance, and Entrepreneurial Orientation has a positive and significant effect on SME Performance. In addition, Market Orientation has a positive and significant effect on SME Performance through Product Innovation, Entrepreneurial Orientation has a positive and significant effect on SME Performance through Product Innovation.
 Conclusion: through product innovation efforts, SMEs can optimize the benefits of entrepreneurial orientation in achieving better performance.