Capital structure have implications in determining the ability and success of a firm, especially to small and medium-sized enterprises (SMEs). This paper analyses the capital structure of SMEs in Malaysia focusing on Enterprise 50 (E50) SMEs. E50 is an annual awards program initiated by government and organized by SME Corporation & Deloitte Malaysia since 1997 to recognize the 50 best SME companies in Malaysia based on their performances and potential to succeed. The secondary data from Companies Commission of Malaysia has been collected for the study. The study employed regression analysis on 334 companies, utilised the accounting data for the five year period of 2005 to 2009. Capital structure is the Dependent Variable referring to debt ratio of the companies, decomposed into Long Term Debt ratio and Short term Debt ratio. The Independent Variables (IV) are age; size; tangibility; liquidity; profitability; growth and taxation. Two theories of capital structure have guided this study i.e. the Trade-Off Theory and the Pecking Order Theory. The study found that size is important if we decomposed the debt into longand short term. In addition, asset tangibility, liquidity and profitability are the main capital structure determinants for SMEs. Age and growth are important for a long term, while taxation is not an important consideration in capital structure decision.
Traditional knowledge related to medicinal plants of the indigenous people are indeed a useful asset for the community. The knowledge that had been traditionally inherited from their ancestors is an integral part of their survival as they live symbiotically with the forests. While many researches and literatures are focusing on documenting and recording these knowledge, not much has been researched in understanding the holistic process of the knowledge management particularly at the indigenous community level. This paper provides an attempt to reveal empirical findings about the management and use of medicinal plants in ailment healing rituals. In order to enable a holistic view of the management of knowledge at the study site, the main question asked was what happened during the four processes of knowledge management namely knowledge generation, knowledge codification, knowledge utilization and knowledge transfer. Using the Batek community of Kuala Koh, Gua Musang, in the state of Kelantan as a case study, ethnographic methods of individual and group interviews, observations and participants observations as well as document analysis, were employed to gather the data from the study site and the grounded theory approach was used for data analysis to enable the emergence of the themes to understand the phenomena at the study site. The study, conducted from 2014-2016, involved prolonged stays with the community. The findings revealed that there was an 'undocumented means of knowledge generation with potential loss of traditional knowledge', while there was a non-codified knowledge being practiced in the community and widespread inability of basic reading and writing skills among younger generation. In addition, there was a high level of traditional knowledge utilisation in the community but some procedures such as ritual practices have been simplified while there was a complete absence of documentation of traditional knowledge by members of the community that might weaken knowledge transfer.
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