Factors Affecting Business Success of Small &amp; Medium Enterprises (SMEs) in Thailand

Chuthamas, Chittithaworn; Islam, Md. Aminul; Keawchana, Thiyada; Yusuf, Dayang Hasliza Muhd

doi:10.5539/ass.v7n5p180

Cited by 254 publications

(215 citation statements)

References 35 publications

Supporting

Mentioning

186

Contrasting

Unclassified

Order By: Relevance

“…Both affect the success but there is considerable variation in these factors identified by previous studies. Chittithaworn et al (2011) explored the business success factors of SME in Thailand based on a survey. They examined eight factors which are SMEs characteristic, management and know-how, products and services, Customer and Market, the way of doing business and cooperation, resources and finance, strategy, and external environment.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors Affect the Success of SME in Bangladesh: Evidence from Khulna City

Uddin¹,

Bose²

2013

JMS

View full text Add to dashboard Cite

Small and Medium Enterprises (SMEs) occupy dominant positions in economy. SMEs bear special significance for counties where density of population is very high because it offers huge employment opportunities and income generations at low cost. Considering the importance this study has strived to identify those factors contribute the success of SMEs using causal model. Data were collected from SMEs owners of the Khulna city, divisional city of Bangladesh. A total 195 respondents were finally interviewed for the study. Several factors were selected typically affect the success of SMEs from pervious literature. Important factors were identified first using rotated components matrix later regression statistics was applied to find out which are statistically significant. Business plan, channel of distribution, management skills and government support are identified statistically significant in determining success of SMEs in Khulna City.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Factors Affect the Success of SME in Bangladesh: Evidence from Khulna City

Uddin¹,

Bose²

2013

JMS

View full text Add to dashboard Cite

show abstract

“…The characteristics and determinants of growth in SMEs have been the focus of much debate among researchers and practitioners [43]. The SME sector has also greatly contributed to the economic and social growth of many countries around the world [44], including Thailand.…”

Section: Introductionmentioning

confidence: 99%

Sustainable Leadership Practices Driving Financial Performance: Empirical Evidence from Thai SMEs

2016

View full text Add to dashboard Cite

Many managers and researchers alike are asking: What does an enterprise need to do to generate a proper balance between economic, social, and ecological objectives while gaining superior corporate financial performance, resilience, and sustainability? Several leadership concepts for enhancing organizational sustainability have emerged in recent years, but none provides an integrative approach, with the exception of Sustainable Leadership (SL). However, empirical research examining the effects of various SL practices on financial performance and other business outcomes is lacking. This article addresses this gap by empirically investigating the relationships between 23 SL practices and financial performance. Using a cross-sectional survey, data stem from 439 managers in small and medium-sized enterprises (SMEs) in Thailand. Of the 23 SL practices in SL, 16 were significantly associated with corporate financial performance. Four SL practices, in particular-amicable labor relations, valuing employees, social responsibility, plus strong and shared vision-were significant drivers, and positive predictors, of enhanced long-term firm performance. Lastly, implications, limitations, and future directions are discussed.

show abstract

“…For example, the Department for Business Innovation and Skills (2011) states that the number of SMEs in the UK is 99.8 percent of all the firms, accounting for 50.1 percent of turnover. Given the economic contribution that SMEs make, Chittithaworn et al (2011) argue that the performance of the SME sector is closely associated with the performance of a country. This means that any policy implications derived from researching the remuneration level at which SMEs performance is maximised have the potential to influence the country's economic growth, which impacts on the welfare of its citizens.…”

Section: Introductionmentioning

confidence: 99%

How does directors’ remuneration affect SMEs’ performance?

Afrifa

Adesina

2018

RAF

View full text Add to dashboard Cite

Purpose -The purpose of this paper is to explain empirically the relationship between the remuneration levels of a sample of listed Small and Medium Enterprises (SMEs) directors and firm performance. The paper also investigates whether deviations from the optimal directors' remuneration level reduce firm performance.Design/methodology/approach -The study uses a panel data regression analysis of 802 AIMlisted SMEs over an eight-year period (2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012).Findings -Using a non-linear approach, the results show that an optimum director's remuneration level exist which results from comparing the benefits and costs of director's remuneration. Hence, the paper does not only show how directors' remuneration level affects firm performance, it also extends the stream of knowledge by indicating how a deviation from the optimal point influences UK-listed SMEs performance. Moreover, the results show that the effect of directors' remuneration on firm performance is greater during financial crisis period.Originality/value -Compared with previous literature on directors' remuneration, this paper focuses on AIM-listed SMEs and our finding of a concave relationship between directors' remuneration level and performance of leads us to recommend that firms, especially SMEs should endeavour to determine the optimal level of directors' remuneration to maximise performance.

show abstract

Factors Affecting Business Success of Small & Medium Enterprises (SMEs) in Thailand

Cited by 254 publications

References 35 publications

Factors Affect the Success of SME in Bangladesh: Evidence from Khulna City

Factors Affect the Success of SME in Bangladesh: Evidence from Khulna City

Sustainable Leadership Practices Driving Financial Performance: Empirical Evidence from Thai SMEs

How does directors’ remuneration affect SMEs’ performance?

Contact Info

Product

Resources

About