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Research on the Generation of Professional Skill Modules for Talent Cultivation in the Landscape Architecture Profession for Industry-Education Integration of Small and Medium-Sized Enterprises
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作者 Fengyi Xu Yang Su 《Journal of Contemporary Educational Research》 2024年第6期227-232,共6页
Due to industry characteristics or regional limitations,many students in certain majors tend to seek employment in small and medium-sized enterprises(SMEs).SMEs face certain challenges in implementing industry-educati... Due to industry characteristics or regional limitations,many students in certain majors tend to seek employment in small and medium-sized enterprises(SMEs).SMEs face certain challenges in implementing industry-education integration,and there is a lack of mature methods in specific implementation processes and talent cultivation plan generation.Taking the landscape architecture profession as an example,this paper conducts a correlation analysis and cross-analysis of the industry-required professional skills based on surveys of over 300 industry practitioners employed in SMEs.It provides professional skill cultivation modules based on market feedback.This research process and analysis method have certain reference significance for the rapid production of adaptive talent cultivation professional skill modules in other industries targeting SMEs. 展开更多
关键词 Landscape architecture profession Talent cultivation Industry-education integration small and medium-sized enterprises
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Research on the Coordinated Development of Inclusive Finance and Financing for Small and Medium-sized Enterprises
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作者 Yanfei Li Xue Liang 《Proceedings of Business and Economic Studies》 2024年第4期214-219,共6页
As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industr... As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industrial structural transformation.However,due to their inherent weaknesses,small and medium-sized enterprises often face difficulties in financing within the traditional financial service system.This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale.Since 2013,China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises,providing policy guidance,resource support,and technical support to alleviate the financing difficulties of small and medium-sized enterprises.Based on this,this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance,in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises. 展开更多
关键词 Inclusive finance Financing for small and medium-sized enterprises Financial institution
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The Application of Knowledge Management(KM)by Small and Medium-Sized Enterprises(SME)in Manufacturing Industry
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作者 Danrui Yin Chin Lye Ooi 《Proceedings of Business and Economic Studies》 2024年第4期293-299,共7页
To accelerate the digital transformation of small and medium-sized manufacturing enterprises(SMEs),this study delves into the primary challenges encountered in adopting knowledge management(KM)within these organizatio... To accelerate the digital transformation of small and medium-sized manufacturing enterprises(SMEs),this study delves into the primary challenges encountered in adopting knowledge management(KM)within these organizations and identifies the essential methods for successful implementation.The objective is to provide practical recommendations for the effective adoption of KM.This research suggests that enterprises should promote knowledge management through three key approaches:enhancing employees’cognitive understanding,standardizing knowledge systems,and tailoring business scenarios to meet diverse needs.These findings offer valuable insights into the digital transformation of SMEs in the manufacturing sector,ultimately helping these businesses to remain competitive and innovative in a rapidly changing market.By addressing the specific needs and challenges faced by SMEs,this study aims to contribute to a more comprehensive understanding of how knowledge management can be leveraged to drive digital transformation and improve overall business performance. 展开更多
关键词 Knowledge management(KM) small and medium-sized enterprises(SME) Manufacturing industry
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Research on the Sustainable Development of Chinese Small and Medium-Sized Enterprises-Con-struction and Application of R&D Strategic Alliance 被引量:1
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作者 Zhang Ying Zhang Xin 《Ecological Economy》 2005年第4期71-75,共5页
R &D strategic alliance is important for enterprises' sustainable development and it is a worth research for us. This paper firstly analyzes the condition and situation of tho small and medium-sized enterprises' st... R &D strategic alliance is important for enterprises' sustainable development and it is a worth research for us. This paper firstly analyzes the condition and situation of tho small and medium-sized enterprises' strategic alliance. Then it points out that the small and medium-sized enterprises should choose a sttieable alliance organization, ally themselves with big enterprises, strive for the support of the government, and develop their technology through technology unions. Finally, it suggests that the government should create better innovation environment for R&D strategic, alliance. A new way is also put forward for the applicotion and foundation of the small and medium-sized enterprises ' R&D ,strategic alliance in China. It is also helpful for the sustainable development of small and medium-sized enterprises. 展开更多
关键词 techoological innovatian R&D strategic alliance small and medium-sized enterprises
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A Game Analysis on Technology Alliance of Tech-typed Small and Medium-sized Enterprises 被引量:1
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作者 Cuihua Wu Jingyu Qi +1 位作者 Xinping Wang Qingjie Chen 《Chinese Business Review》 2004年第7期76-81,共6页
As an innovation mode of organization, technology alliance has being increasingly paid more attention to by more and more small and medium-sized enterprises (SME). In this paper, on the basis of analyzing the theory... As an innovation mode of organization, technology alliance has being increasingly paid more attention to by more and more small and medium-sized enterprises (SME). In this paper, on the basis of analyzing the theory and practice meaning of the technology alliance, cooperative game method is used to analyze the forming process of the cooperative mechanism, and it points out that cooperation will make both sides get the largest benefits. 展开更多
关键词 Tech-typed small and medium-sized enterprises technology alliance cooperative game
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Creativity of the Entrepreneur, Intrapreneurship, and the Growth of Small and Medium-Sized Enterprises: Evidence from China
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作者 Jasna Auer Antoncic Bostj an Antoncic Zhaoyang Li 《Chinese Business Review》 2018年第7期336-341,共6页
Creativity is an element of the personality of entrepreneurs which can be important for the foundation, advance, and business performance of small and medium-sized enterprises (SMEs). Intrapreneurship can be develop... Creativity is an element of the personality of entrepreneurs which can be important for the foundation, advance, and business performance of small and medium-sized enterprises (SMEs). Intrapreneurship can be developed in small and medium-sized enterprises where entrepreneurs have a sufficient level of creativity and it can influence the growth of enterprises. Hypotheses are specified and empirically tested based on responses to a structured questionnaire on a sample of small and medium-sized enterprises from China. The research results indicate positive relationships between the creativity of the entrepreneur and intrapreneurship and growth of the enterprise. 展开更多
关键词 CREATIVITY ENTREPRENEUR INTRAPRENEURSHIP GROWTH small and medium-sized enterprises (SMEs) China
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Harmonization of financial reporting of small and medium-sized enterprises in the Czech Republic
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作者 Libuse Mullerova Marie Pasekova Eva Hyblova 《Journal of Modern Accounting and Auditing》 2010年第1期55-64,共10页
A current problem of the present-day accounting and financial reporting consists in aligning the accounting in small and medium enterprises. In July 2009 the International Financial Reporting Standard for small and me... A current problem of the present-day accounting and financial reporting consists in aligning the accounting in small and medium enterprises. In July 2009 the International Financial Reporting Standard for small and medium-sized enterprises was issued, which extended the aligning possibilities also to small and medium enterprises considerably. If the standard is adopted by the national legislation, problems connected with the standard implementation in the national legislation will have to be solved as well as practical issues connected with making financial statements. At present the yields and the problems which can arise in connection with the standard application have to be focused on. A contribution of the standard application will be a better informative ability of financial statements on the international level. At small and medium enterprises this can contribute to better comanunication with banks, with investors, rating application are: parallel reporting according to national agencies etc. The problems connected with the standard regulations, differences between the national legislation and the standard, wide practice at keeping accounts and making financial statements and limited approach of small and medium enterprises to obtaining information and to training of their employees. Another problem can be a tight link between the trading income and the tax base, when small companies prefer rather the tax point of view. 展开更多
关键词 financial statements REPORTING small and medium-sized enterprises HARMONIZATION IFRS
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Small and Medium-Sized Enterprises (SMEs) in Personal Services
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作者 Vera Levickova Eva Mickova 《Journal of Modern Accounting and Auditing》 2014年第6期694-700,共7页
Entrepreneurship has become an attribute of the current growth without business activities. Entrepreneurship is a global world. It is not possible to think about economic driving force of technological development and... Entrepreneurship has become an attribute of the current growth without business activities. Entrepreneurship is a global world. It is not possible to think about economic driving force of technological development and scientific research. It materializes knowledge and involvement of people and society. Expansion of business activities is a source of individual country's economic performance. It contributes to the development of people's living standards. In every market economy, it represents an irreplaceable role for small and medium-sized enterprises (SMEs). A strong representation of"micro-enterprises" can be found in the field of personal services. Companies within the course of their existence go through particular stages of their development--from their foundation through the stage of steady development. After this stage, there comes their decline that can develop even into their termination. We indicate this process as a company life cycle. The aim of the submitted project is to map the life cycle of particularly chosen companies providing accommodation and catering services and to find a mutual relation among observed quantities and their stable economic positions in the market. The analysis is based on the data of macro-economic character, the data about development of receipts in the sector, development of inflation, tempo of economic growth, and development of consumer prices. Out of a company, non-financial factors will also be considered. The core of the analysis is the stage of sustainable stability of the assessed companies. The point of the findings is revelation of the causes of risks of possible transition into the stage of termination due to the decline of services volume, decline of profitability, and long-lasting payment insolvency. The contribution of the project is to draw our attention to possible risks of critical situation development and to propose how to avoid them so that the company will not occur in financial straits. Achieved information could assist the company management to make relevant decisions. 展开更多
关键词 small and medium-sized enterprises (SMEs) company life cycle economic stability personal services
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Research on Financing Game Model of Small and Medium-sized Enterprises based on Different Risk Categories
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作者 Tian Tang 《International Journal of Technology Management》 2016年第9期61-63,共3页
With the development of market economy and the deepening of economic system reform, some of the Small and medium-sized(SME) enterprises have become the most dynamic economic growth point in the national economy. Nev... With the development of market economy and the deepening of economic system reform, some of the Small and medium-sized(SME) enterprises have become the most dynamic economic growth point in the national economy. Nevertheless, SMEs are facing a lot of problems in the market competition, such as technical backwardness, information lag, lack of talents, etc.. The healthy development of SMEs is very important, whereas, SMEs’ financing is a worldwide problem, and the result of financing game between banks and enterprises depends on a variety of decision-making factors. In this paper, from the point of view of bank, we analyze the diffi culties of external financing of SMEs, and establish a financing game model based on different risk categories, in order to better solve the problems that remain in the process of financing and promote the healthy and sustainable development of SMEs. 展开更多
关键词 Financing Game Model small and medium-sized enterprises Risk Categories Risk Management
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Investigation and Analysis of the Current Situation of New Media Marketing in Small and Medium-sized Enterprises
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作者 Ziqi Liu 《Journal of Economic Science Research》 2022年第4期8-12,共5页
With China’s entry into WTO, China’s small and medium-sized enterprises are facing unprecedented opportunities and challenges. The integration of the world economy has brought opportunities for the internationalizat... With China’s entry into WTO, China’s small and medium-sized enterprises are facing unprecedented opportunities and challenges. The integration of the world economy has brought opportunities for the internationalization and industrialization of small and medium-sized enterprises. However, due to the lack of systematic marketing strategies, the development of small and medium-sized enterprises is beset with difficulties. From the perspective of marketing strategy, this paper analyzes the marketing strategy problems faced by small and medium-sized enterprises. From four aspects: marketing concept, marketing team, marketing strategy and marketing model 4P, this paper puts forward some countermeasures and suggestions for improving the marketing benefits of small and medium-sized enterprises. 展开更多
关键词 small and medium-sized enterprises Market competition Marketing strategy Marketing mix Countermeasure and suggestion
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Influence of Internet Finance on the Financing of Small and Medium-Sized Enterprises in China
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作者 Lingdong Zeng 《Proceedings of Business and Economic Studies》 2021年第5期107-110,共4页
Small and medium-sized enterprises greatly promote the economic progress and growth of national tax revenue as well as realize the escalation of career opportunities.However,as these enterprises are relatively small s... Small and medium-sized enterprises greatly promote the economic progress and growth of national tax revenue as well as realize the escalation of career opportunities.However,as these enterprises are relatively small scale and have low capacity to face and resist risks in addition to China's flawed financial credit system,there are many difficulties faced by these enterprises in terms of financing to achieve their own development and progress.Recently,owing to the progress of internet information,especially the expansion of its application in the financial field,it has opened up a way for handling the financing difficulties faced by small and medium-sized enterprises.According to the specific financing situation of small and mediumsized enterprises in China,this study analyzes the impact of internet finance on the financing of small and medium-sized enterprises in China and formulates strategies to effectively deal with the financing difficulties of small and medium-sized enterprises in China,thus promoting the sustainable progress of small and medium-sized enterprises. 展开更多
关键词 small and medium-sized enterprises FINANCING Internet finance STRATEGY
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Problems and Countermeasures of International Trade Financing of Small and Medium-Sized Enterprises in China
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作者 Zhenjun Wu 《Proceedings of Business and Economic Studies》 2021年第4期172-177,共6页
Small and medium-sized enterprises are the foundation of China's national economy,and they are important forces to promote economic and social development.They play an irreplaceable role in promoting scientific an... Small and medium-sized enterprises are the foundation of China's national economy,and they are important forces to promote economic and social development.They play an irreplaceable role in promoting scientific and technological progress,increasing social employment,expanding foreign trade,and other aspects in which they have become an important part of China's socialist market economy.Based on the research background of international trade financing,this paper analyzes the problems existing in the international trade fmancing of small and medium-sized enterprises in China to put forward countermeasures and suggestions,hoping to help these small and medium-sized enterprises solve the financing problem so as to achieve a healthy development in the international trade market environment. 展开更多
关键词 small and medium-sized enterprises International trade FINANCING Countermeasures and suggestions
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Analysis of the Financing Mode of Small and Medium-Sized Enterprises Under the DC/EP Platform Based on a Comparison with the Traditional Bank Financing Mode
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作者 Yuting TU Huan WANG +1 位作者 Xin YAN Yongwu LI 《Journal of Systems Science and Information》 CSCD 2023年第1期94-108,共15页
As a legal currency with the credit endorsement of the Chinese government,DC/EP has many advantages and special characteristics.Based on the application of DC/EP in the financing of small-and medium-sized enterprises(... As a legal currency with the credit endorsement of the Chinese government,DC/EP has many advantages and special characteristics.Based on the application of DC/EP in the financing of small-and medium-sized enterprises(SMEs),this paper studies the optimal financing decisions of SMEs under both the traditional financing mode and the DC/EP financing mode.Considering the construction and use costs of DC/EP and the role of DC/EP credit traceability in improving mortgage rates,this paper explores the feasible range for SMEs to select DC/EP financing.It is found that mortgage rates affect the returns of SMEs when they take on loans;under different credit strategies,the pledge rate set by the bank will affect the financing willingness of SMEs.The participants had different optimal mortgage rates to optimize the returns of borrowers and banks.High-quality SMEs are more willing to use the DC/EP platform for financing.With the increase in default costs,banks will be more inclined to use DC/EP,while enterprises will be inclined to utilize the traditional financing mode.Through the comparative analysis of the two financing modes,the default cost range that neither banks nor borrowers are willing to use DC/EP is found.This study provides theoretical support and management inspiration for scientific decision-making to solve the financing problems of SMEs by using DC/EP. 展开更多
关键词 DC EP small and medium-sized enterprises FINANCING mortgage rate
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Contract Mechanism of Water Environment Regulation for Small and Medium Sized Enterprises Based on Optimal Control Theory
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作者 Shuang Zhao Hongbin Gu +2 位作者 Lianfang Xue Dongsheng Wang Bin Huang 《Journal of Water Resource and Protection》 CAS 2024年第7期538-556,共20页
The small and scattered enterprise pattern in the county economy has formed numerous sporadic pollution sources, hindering the centralized treatment of the water environment, increasing the cost and difficulty of trea... The small and scattered enterprise pattern in the county economy has formed numerous sporadic pollution sources, hindering the centralized treatment of the water environment, increasing the cost and difficulty of treatment. How enterprises can make reasonable decisions on their water environment behavior based on the external environment and their own factors is of great significance for scientifically and effectively designing water environment regulation mechanisms. Based on optimal control theory, this study investigates the design of contractual mechanisms for water environmental regulation for small and medium-sized enterprises. The enterprise is regarded as an independent economic entity that can adopt optimal control strategies to maximize its own interests. Based on the participation of multiple subjects including the government, enterprises, and the public, an optimal control strategy model for enterprises under contractual water environmental regulation is constructed using optimal control theory, and a method for calculating the amount of unit pollutant penalties is derived. The water pollutant treatment cost data of a paper company is selected to conduct empirical numerical analysis on the model. The results show that the increase in the probability of government regulation and public participation, as well as the decrease in local government protection for enterprises, can achieve the same regulatory effect while reducing the number of administrative penalties per unit. Finally, the implementation process of contractual water environmental regulation for small and medium-sized enterprises is designed. 展开更多
关键词 Optimal Control Theory small and medium-sized enterprises Water Environment Regulation Contract Mechanism
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Assessing Factors Influencing Solar Energy Adoption among Small and Medium Enterprises in Mzuzu City, Malawi
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作者 Mkhalipie Avenea Beatrice Ke Jiang 《Energy and Power Engineering》 2024年第7期257-284,共28页
One of the many renewable energy sources that offer advantages is solar energy, which also lowers energy prices and promotes environmental sustainability and energy security. Despite these advantages, various barriers... One of the many renewable energy sources that offer advantages is solar energy, which also lowers energy prices and promotes environmental sustainability and energy security. Despite these advantages, various barriers, such as installation costs, have prevented small and medium-sized enterprises from investigating this invention. Malawi has a significant energy shortfall such that most businesses have been hindered from their profit maximization goals. The “Photovoltaic systems” (PV) that transform sunlight into electricity are the subject of this study. This type of solar energy system is situated on the building’s roof and generally produces electricity for businesses and even homes. Solar energy offers a great impact to small and medium enterprises in Mzuzu city with a cost-effective and dependable alternative to energy that has the potential to change the game. Therefore the aim of the study was to identify factors that encourage the adoption of solar energy among small medium enterprises in the city of Mzuzu city. And to identify some of barriers faced when adopting solar energy among small and medium enterprises in the city of Mzuzu. The research approach employed in the study was a survey. A survey is a type of research methodology in which primary data is gathered from a sample using a questionnaire. When information is to be gathered from a wider sample, a survey is employed. A bigger sample size was needed in this study in order to facilitate hypothesis testing. It is advised to apply a logical approach while using the survey. The survey utilized a five-point Likert scale. The study used convenience sampling to select study participants. The sample size in this study was determined using Cochran’s sample size formula. Statistical Package for Social Sciences (SPSS) and Microsoft Excel were used for statistical analysis. About 97.2% of the participants were aware of solar as a source of energy compared to 2.8 % who were unaware. The majority of participants use solar energy for lighting only, seconded by those who use electricity. The least number of participants use solar energy for cooling only. The majority of participants 21.5% indicated partnership and collaboration as the most motivating factor for the adoption of solar energy. This was followed by technical expertise 19.1 % the least number of participants 10.8% expressed that policy and regulatory frameworks were associated with the adoption of solar energy. This study found that there are no statistically significant factors influencing barriers to the adoption of solar energy. The price of solar energy adoption was identified as the least factor associated with the acceptance or rejection of solar energy. Nonetheless, the reasons given by the homes that had embraced solar technology aligned with the findings of other studies. This survey also found that although the public was aware of solar energy, and technology, there were still a number of factors that mattered, especially for non-adopters. 展开更多
关键词 Solar Energy small and Medium enterprises Solar Energy Adoption
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Maintenance,Repair,and Reinforcement Measures for Dilapidated Small and Medium-Sized Bridges
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作者 Xu Meng Bo Liu +1 位作者 Ji Li Zhi Tu 《Journal of Architectural Research and Development》 2024年第1期62-67,共6页
The paper initiates by exploring the importance of maintaining,repairing,and reinforcing bridges.Subsequently,it delves into routine and preventative maintenance measures tailored for small to medium-sized bridges.Add... The paper initiates by exploring the importance of maintaining,repairing,and reinforcing bridges.Subsequently,it delves into routine and preventative maintenance measures tailored for small to medium-sized bridges.Additionally,the paper examines repair and reinforcement techniques specifically designed for deteriorated small and medium-sized bridges,encompassing methods for fortifying both the bridge foundation and upper and lower structures.Lastly,the paper proposes suggestions aimed at fostering discussions and exchanges on the development of maintenance and repair processes for deteriorated small and medium-sized bridges. 展开更多
关键词 Dilapidated small and medium-sized bridges Maintenance Repair and reinforcement
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Effects of Social Capital,Top Executive Attributes and R&D on Firm Value in Chinese Small and Medium-sized Enterprises 被引量:7
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作者 Penghua Qiao Hung-Gay Fung Xiaofeng Ju 《China & World Economy》 SCIE 2013年第4期79-100,共22页
This study uses an unbalanced panel data analysis to examine the effects of social capital, top executive attributes and R &D on firm value in Chinese small and medium-sized enterprises (SMEs) listed on the Shenzhe... This study uses an unbalanced panel data analysis to examine the effects of social capital, top executive attributes and R &D on firm value in Chinese small and medium-sized enterprises (SMEs) listed on the Shenzhen Stock Exchange Small and Medium-sized Enterprises Board from 2007 to 2011. There are several interesting findings. First, the gender (male) and academic degree of the chairperson in the SMEs have a positive and significant effect on firm value. Second, social capital (measured by politieal connections, managerial business association networks and technology association networks) and R&D have a positive effect on SME firm value. Third, the effect of politieal connections on firm value for state-owned enterprises (SOEs) is stronger than for non-SOEs, while the effect of business and technology networks on firm value for non-SOEs is stronger than for SOEs. Our study has important policy implications for SMEs that want to compete successfully in China. 展开更多
关键词 firm value R&D small and medium-sized enterprises social capital top executive attributes
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Research on System Dynamic of Buying Work Safety Services in Small and Medium-Sized Enterprises 被引量:1
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作者 Suxia Liu Hangfeng Li Qiang Mei 《Journal of Systems Science and Systems Engineering》 SCIE EI CSCD 2021年第3期339-362,共24页
Buying work safety services from intermediaries is a new and important approach to improve the work safety in small and medium-sized enterprises(SMEs).The existing literature addresses the significance and effectivene... Buying work safety services from intermediaries is a new and important approach to improve the work safety in small and medium-sized enterprises(SMEs).The existing literature addresses the significance and effectiveness of the service model but it ignores the dynamic game relationship between relevant stakeholders when SMEs choose to purchase the services under bounded rationality.Therefore,this study aims to analyse this dynamic game relationship based on evolutionary game theory.Furthermore,dynamic simulations of the evolutionary game model are applied to determine the impact of major factors for three stakeholders(SMEs,governments,and safety service agents),examine stability strategies,and identify modes of equilibrium under different subsidy strategies.The results of simulation are as follows.First,the results explain that how the major factors(service price,the quality of service,government subsidy,etc.)affect the system dynamic force of buying work safety services.Second,when the subsidy strategy is static payment,the selection of the stakeholders fluctuates and is not optimal.Third,when the subsidy strategy is a dynamic payment,the evolutionary game process converges to a stable state,which indicates that an evolutionarily stable strategy exists under the dynamic subsidy strategy.Moreover,the stable state and equilibrium values are not affected by the different initial values.The results of this study offer a certain reference for the government to guide the implementation of the purchase of work safety or other services in SMEs. 展开更多
关键词 small and medium-sized enterprises(SMEs) work safety services evolutionary game theory system dynamics
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Mechanism of Impact of Entrepreneurial Spirit on the Development of Small and Medium-sized Private Enterprises in China 被引量:1
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作者 Feihong CHEN Jiayue LI +1 位作者 Yisheng PENG Xi ZHAN 《Asian Agricultural Research》 2017年第6期1-6,共6页
As a necessary factor for a successful business,entrepreneurial spirit is an important means for enterprises to survive in the unstable environment of fierce competition. Under the circumstance of mass entrepreneurshi... As a necessary factor for a successful business,entrepreneurial spirit is an important means for enterprises to survive in the unstable environment of fierce competition. Under the circumstance of mass entrepreneurship and innovation,a large number of small and medium-sized private enterprises have emerged in all walks of life in China. This paper examines the differences in the definition of entrepreneurial spirit by different scholars,the influence of Chinese entrepreneurship on the development of small and medium-sized private enterprises,the origin of the spirit of private entrepreneurs with Chinese characteristics,and the disadvantages of the spirit of small and medium-sized private entrepreneurs in China. It is necessary to further improve entrepreneurial spirit to contribute to the development of small and medium-sized private enterprises and help China to build the national economic system. 展开更多
关键词 small and medium-sized private enterprises Entrepreneurial spirit Impact mechanism
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Corporate Governance Mechanisms: Evidence From Small- and Medium-Sized Enterprises (SMEs) 被引量:1
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作者 Angeline Kiew-Heong Yap Yan-Ling Ng 《Journal of Modern Accounting and Auditing》 2015年第7期353-362,共10页
This paper aims to investigate the extent to which Malaysian small- and medium-sized enterprises (SMEs) adopted corporate governance (CG) principles and their effects on firm performance. The principles examined i... This paper aims to investigate the extent to which Malaysian small- and medium-sized enterprises (SMEs) adopted corporate governance (CG) principles and their effects on firm performance. The principles examined included: establishing clear roles and responsibilities; strengthening composition; and reinforcing independence. The paper is based on a questionnaire survey study among 113 SMEs that consisted of 35% (39) of manufacturing and related services and 65% (74) from services including information and communication technology (ICT), primary agriculture, construction, mining, and quarrying. The analysis of the data indicates that 32% of the respondents said that the primary reason why they have their own business is to have control over their own working life. This fmding appears to confirm the f'mancing theory that SMEs owners have other goals than profitability. In addition, 30% of SMEs perceived that the most important role played by the board is risk management; hence, these boards have a greater control over financial risks that may lead to better financial performance. The analysis also shows that 81% of the respondents' board consisted of internal board members only. These enterprises need to see the important role of external board members as a source of advice providers and experts to them. For policies relating to clear roles and responsibilities of board, only 28% of the respondents established clear functions reserved for the board and those delegated to management; substantial respondents did not draw up policies relating to reinforce board independency (between 75% and 79%) and to strengthen board composition (46%). Besides, 68% of the respondents have the position of chairman and CEO held by same individuals and 81% of the chairman is an executive member of the board. These findings suggest that SMEs cannot see the importance of strengthening board and having independent board members. Regression analysis also indicates that board independence has a significant and positive impact on firm performance. Hence, SMEs need to appreciate networking advantages, competency, and strategic knowledge that the right board can offer. The governmental ministries and agencies in Malaysia need to take active measures to encourage SMEs to strengthen their board governance, because SMEs are the important economic powers for stimulating national economic growth. This paper contributes to the empirical literatures on the adoption of CG principles and their effects on SMEs' firm performance in emerging markets. 展开更多
关键词 corporate governance (CG) small- and medium-sized enterprises (SMEs) emerging markets MALAYSIA
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