Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia

The purpose of this research is to assess the antecedents of financial practice for the success of Small and Medium Enterprises (SMEs) in Malaysia. The research method of this study is survey method, where the unit of analysis is the individual respondent consisting business owners and managers. A s...

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Main Authors: Abdullah, Moha Asri, Azam, S. M. Ferdous
Format: Conference or Workshop Item
Language:English
Published: 2018
Subjects:
Online Access:http://irep.iium.edu.my/65283/
http://irep.iium.edu.my/65283/1/AICoBM%2025th%20to%2026th%20July%202018.pdf
id iium-65283
recordtype eprints
spelling iium-652832018-08-28T02:45:53Z http://irep.iium.edu.my/65283/ Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia Abdullah, Moha Asri Azam, S. M. Ferdous HF5001 Business. Business Administration HF5549 Personnel management The purpose of this research is to assess the antecedents of financial practice for the success of Small and Medium Enterprises (SMEs) in Malaysia. The research method of this study is survey method, where the unit of analysis is the individual respondent consisting business owners and managers. A sample of 302 data is considered as the final sample size for the current study. Prior to conducting structural models, measurement models are performed to scrutinize the underlying dimensions of each and every construct. The reliability analysis is checked via Cronbach’s alpha coefficient of the four extracted factors for the purpose of ensuring the internal consistency. Finally, the hypothesis testing has been performed to achieve the purpose of this research. The results indicate that, although Financial Knowledge (FK) and Financial Behaviour (FB) are positively related to the Financial Practice (FP) in Malaysian SMEs, but these are not directly related to the Business Success (BS). Apart from this, the Financial Practice (FP) is found assertively allied to the Business Success (BS). Thus, Financial Practice (FP) plays the mediating roles as well in the Financial Knowledge (FK) toward Business Success (BS) in Malaysia. Therefore, this research conveys an understanding to the entrepreneurs regarding the financial knowledge items those are more essential and play as the remedy to get the business success swiftly. Furthermore, the current study creates the value in Malaysian SMEs since there is a dearth of empirical studies previously conducted highlighting the antecedents of financial practice for the success of Small and Medium Enterprises (SMEs) in Malaysia. 2018-07-25 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/65283/1/AICoBM%2025th%20to%2026th%20July%202018.pdf Abdullah, Moha Asri and Azam, S. M. Ferdous (2018) Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia. In: AAGBS International Conference On Business Management (AiCoBM) 2018, 25th July 2018, Melaka. (Unpublished)
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HF5001 Business. Business Administration
HF5549 Personnel management
spellingShingle HF5001 Business. Business Administration
HF5549 Personnel management
Abdullah, Moha Asri
Azam, S. M. Ferdous
Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia
description The purpose of this research is to assess the antecedents of financial practice for the success of Small and Medium Enterprises (SMEs) in Malaysia. The research method of this study is survey method, where the unit of analysis is the individual respondent consisting business owners and managers. A sample of 302 data is considered as the final sample size for the current study. Prior to conducting structural models, measurement models are performed to scrutinize the underlying dimensions of each and every construct. The reliability analysis is checked via Cronbach’s alpha coefficient of the four extracted factors for the purpose of ensuring the internal consistency. Finally, the hypothesis testing has been performed to achieve the purpose of this research. The results indicate that, although Financial Knowledge (FK) and Financial Behaviour (FB) are positively related to the Financial Practice (FP) in Malaysian SMEs, but these are not directly related to the Business Success (BS). Apart from this, the Financial Practice (FP) is found assertively allied to the Business Success (BS). Thus, Financial Practice (FP) plays the mediating roles as well in the Financial Knowledge (FK) toward Business Success (BS) in Malaysia. Therefore, this research conveys an understanding to the entrepreneurs regarding the financial knowledge items those are more essential and play as the remedy to get the business success swiftly. Furthermore, the current study creates the value in Malaysian SMEs since there is a dearth of empirical studies previously conducted highlighting the antecedents of financial practice for the success of Small and Medium Enterprises (SMEs) in Malaysia.
format Conference or Workshop Item
author Abdullah, Moha Asri
Azam, S. M. Ferdous
author_facet Abdullah, Moha Asri
Azam, S. M. Ferdous
author_sort Abdullah, Moha Asri
title Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia
title_short Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia
title_full Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia
title_fullStr Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia
title_full_unstemmed Antecedents of financial practice for the success of small and medium enterprises (SMEs) in Malaysia
title_sort antecedents of financial practice for the success of small and medium enterprises (smes) in malaysia
publishDate 2018
url http://irep.iium.edu.my/65283/
http://irep.iium.edu.my/65283/1/AICoBM%2025th%20to%2026th%20July%202018.pdf
first_indexed 2023-09-18T21:32:39Z
last_indexed 2023-09-18T21:32:39Z
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