The community Walmart uncertainty model: A review of ownership and capital structure aspects

Abstract

The purpose of this study was to determine the role of the ideal aspects of ownership structure and capital structure in determining the uncertainty model of operational of Walmart. This type of research is an explanatory survey using qualitative and quantitative approaches. The qualitative method is carried out by descriptive analysis by conducting a field survey using a questionnaire designed in such a way. Respondents of this study were the 78 managers of the community minimart in Medan City, North Sumatera, Indonesia who were selected by purposive sampling method. Meanwhile, the quantitative method was carried out using SEM PLS analysis by analyzing the indicators of aspects of ownership structure, capital structure and dimensions of operational success. The results show that the capital structure variable had a significant effect on Walmart's operational success. Meanwhile, the ownership structure variable had no significant effect on Walmart's operational success. The novelty that is produced from this research is that the success of community self-service is determined by the capital structure. Capital is an obstacle faced by community supermarkets because with limited capital it is difficult for community supermarkets to expand their business.

Research on Capital Structure and Investment Value of Supermarket Industry

“…The analysis was made through a field survey using a questionnaire. The results show that the capital structure variable has a significant impact on Wal Mart's business success, while the equity structure variable does not [1]. Herciu and Ogrean mainly discussed whether the capital structure influence company profitability in 2018.…”

Impact Of Cash Flow on Firm’s Operational Efficiency in Vietnam: Mediation Role of State Ownership

“…SOEs can access external funding easier, leading to softer budget constraints (Cull & Xu, 2003;Cull et al, 2015). Muda et al (2021) studied the ownership structure play a role in determining the operational success of Walmart. In Vietnam, Nhung and Okuda (2015) suggest that SOEs can access more external sources of funds and make more profit.…”