scholarly journals Information Level Representation of Small and Medium Enterprises (SME) Managers about Securities

2019 ◽  
Vol 9 (1) ◽  
pp. 16-27
Author(s):  
Ferhat Sayım
Keyword(s):  
Financial Markets ◽  
Small And Medium Enterprises ◽  
Private Company ◽  
Face To Face ◽  
Information Level ◽  
Raising Awareness ◽  
Level Of Knowledge ◽  
Stock Types ◽  
Medium Enterprises ◽  
Derivative Products

This research was carried out with private company owners and shareholders-managers in Yalova. These managers were asked about the general approach for the most commonly used securities in the financial system. They were asked to express the level of knowledge they felt. The interviews were conducted face to face with the managers. The level of knowledge expressed by the managers was evaluated on a triple scale. It was examined with various cross tables. Percentages were taken. According to the findings, most owners and shareholders - managers accept that they do not have enough knowledge about the securities used in the financial markets. The lowest level of knowledge is expressed for the derivative products. The highest level of knowledge is expressed for the stock types. As a first step, this study is important in terms of raising awareness on this issue. This research and its results can be used for the development of training and programs for businessman. Also, they can be used in the chambers of commerce and universities.

scholarly journals Exploring E-leadership Behaviour of Sri Lankan Small and Medium Enterprises

2020 ◽  
pp. 1-19
Author(s):  
E. A. G. Sumanasiri
Keyword(s):  
Qualitative Method ◽  
Small And Medium Enterprises ◽  
Future Research ◽  
Sri Lankan ◽  
Leadership Roles ◽  
Research Directions ◽  
Face To Face ◽  
Leadership Behaviour ◽  
Future Research Directions ◽  
Medium Enterprises

This paper explores the e-leadership behaviours of Sri Lankan Small and Medium Entreprises and the barriers to e-leadership in SME sector. To explore these research objectives a qualitative method was used with 23 semi-structured face-to-face interviews with owners of fast-growing SMEs in Sri Lanka. To understand the effective e-leadership behaviours the study used Gary Yukl’s Hierarchical Taxonomy of Leadership Behaviours model. Findings confirmed that most SME leaders use ‘Internet of things’ in performing their leadership roles. Among the four effective e-leadership behaviours described by Gary Yukl, most SME leaders use e-leadership for change-oriented decision making while relationship-oriented leadership behaviours became the least important. Theoretical contributions, limitations and future research directions are discussed in the concluding section of the paper.

Electronic Networks and Gaining Market Share

2013 ◽  
pp. 142-157
Author(s):  
Ghazi Al-Weshah ◽  
Khalil Al-Hyari ◽  
Amjad Abu-Elsamen ◽  
Marwan Al-Nsour
Keyword(s):  
Market Share ◽  
English Language ◽  
Small And Medium Enterprises ◽  
Deep Understanding ◽  
International Markets ◽  
Project Managers ◽  
Current Status ◽  
Electronic Networks ◽  
Face To Face ◽  
Medium Enterprises

This study provides a deep understanding of the current status of electronic networks in the Jordanian handicrafts sector from managers’ perspectives. More specifically, this study enhances utilisation of the e-environment to gain market share in local, regional, and international markets. Four cases of handicraft projects are selected to conduct face to face interviews. The results show that handicraft projects have initial attempts to use E-electronic in their activities, but these attempts are still in embryonic stages, and they do not use E-networks effectively to gain market share. However, project managers believe that there is a direct link between the use of electronic networks and increases in the business’s market share. Furthermore, it is intended that these initiatives be treated as innovative and at the end utilised to enhance the business development of similar enterprises belonging to the small and medium enterprises sector. The study recommends that such projects consider adoption of e-networks in their future plans, enhance their staff skills in terms of improving their IT and English language skills, and develop their own internet website to create new marketing channels.

Electronic Networks and Gaining Market Share

2011 ◽  
Vol 3 (3) ◽  
pp. 1-15 ◽  
Author(s):  
Ghazi Al-Weshah ◽  
Khalil Al-Hyari ◽  
Amjad Abu-Elsamen ◽  
Marwan Al-Nsour
Keyword(s):  
Market Share ◽  
English Language ◽  
Small And Medium Enterprises ◽  
Deep Understanding ◽  
International Markets ◽  
Project Managers ◽  
Current Status ◽  
Electronic Networks ◽  
Face To Face ◽  
Medium Enterprises

This study provides a deep understanding of the current status of electronic networks in the Jordanian handicrafts sector from managers’ perspectives. More specifically, this study enhances utilisation of the e-environment to gain market share in local, regional, and international markets. Four cases of handicraft projects are selected to conduct face to face interviews. The results show that handicraft projects have initial attempts to use E-electronic in their activities, but these attempts are still in embryonic stages, and they do not use E-networks effectively to gain market share. However, project managers believe that there is a direct link between the use of electronic networks and increases in the business’s market share. Furthermore, it is intended that these initiatives be treated as innovative and at the end utilised to enhance the business development of similar enterprises belonging to the small and medium enterprises sector. The study recommends that such projects consider adoption of e-networks in their future plans, enhance their staff skills in terms of improving their IT and English language skills, and develop their own internet website to create new marketing channels.

Omani SME perceptions towards Islamic financing systems

2019 ◽  
Vol 11 (4) ◽  
pp. 369-386
Author(s):  
Yasmeen Al Balushi ◽  
Stuart Locke ◽  
Zakaria Boulanouar
Keyword(s):  
Banking Industry ◽  
Small And Medium Enterprises ◽  
Emerging Market ◽  
Capital City ◽  
Islamic Finance ◽  
Future Research ◽  
Islamic Banking ◽  
Content Type ◽  
Face To Face ◽  
Medium Enterprises

Purpose This paper aims to investigate small and medium enterprises’ (SMEs) owner–managers’ awareness, willingness and perceptions concerning Islamic financing instruments as an alternative sourcing decision in SMEs’ businesses. Design/methodology/approach The research employed mixed methods to gather data. A questionnaire survey was conducted via face-to-face interviews with 385 SME owner–managers operating in Muscat, Oman’s capital city, along with face-to-face discussion on Islamic finance with 86 SME owner–managers. Descriptive and thematic analysis were used to analyse the data. Findings The findings indicate that SME owner–managers are aware of Islamic banking principles and have knowledge of Islamic financial instruments, despite Islamic finance being new to Oman. Interestingly, although the majority of the participants indicated their intention to adopt this new finance method, they were motivated by special requirements other than finance. Their positive perception of Islamic financing methods could play a significant role in developing the Islamic banking industry. Research limitations/implications The research is limited in that its data came only from Omani SME owner–managers in Muscat. Future research could investigate wider samples. Secondly, the study’s findings lack generalisability to larger and public enterprises, because only SME owner–managers were surveyed. Practical implications This study will be important for policy makers concerned about SMEs’ financing, Islamic financial institutions and new entrants into the Islamic banking industry, as it provides empirically evidence of Omanis’ views, and more specifically those of Omani SME owner–managers, on the recent introduction of Islamic finance into the country. The insights this study offers should help them to develop the strategies required to attract SMEs and to construct policies and regulations to improve Oman’s Islamic banking industry. Originality/value The research is significant, as it is the first study to investigate the awareness, willingness and perceptions of Omani SMEs regarding Islamic banking in Oman. Even though all Omanis are Muslims, Oman was the last of the six-nation Gulf Cooperation Council countries to introduce Islamic finance. Thus, this emerging market provides an important basis from which to extend future research on Islamic finance to other potential Islamic finance markets.

scholarly journals Tatakelola Keuangan UMKM Berbasis ETAP dan Android Untuk Meningkatkan Efisiensi Kinerja Usaha pada Era Covid-19 Normal Baru

2021 ◽  
Vol 1 (02) ◽  
pp. 110-120
Author(s):  
Sailendra Sailendra ◽  
Syahril Djaddang ◽  
M. Ardiansyah Syam ◽  
Susilawati Susilawati ◽  
Nungki P
Keyword(s):  
Business Performance ◽  
Small And Medium Enterprises ◽  
Digital Systems ◽  
Economic Order ◽  
Continuous Training ◽  
New Normal ◽  
Face To Face ◽  
Financial Governance ◽  
And Performance ◽  
Medium Enterprises

Abstrak        Usaha Mikro Kecil dan Menengah (UMKM) dan Koperasi, merupakan salah satu pilar serta tulang punggung perekonomian bangsa, yang menyerap banyak tenaga kerja dan kesempatan berusaha pada sektor informal. Pandemi Covid-19 dan disrupsi industri 4.0 telah merubah tatanan sosial-ekonomi, turut mempengaruhi jenis industri ini. Salah satu tantangan yang dihadapi oleh UMKM dan Koperasi saat ini, masih rendahnya literasi akuntansi dan tatakelola keuangan, ditambah dengan transformasi tatanan sosial-ekonomi dari sistem konvensional ke sistem digital. Salah satu solusi untuk meningkatkan pengetahuan UMKM dan Koperasi terhadap dunia digital yang berhubungan dengan literasi akuntansi dan tatakelola keuangan yaitu melalui pelatihan, pendampingan dan penelitian. Pelatihan, pendampingan dan penelitian terhadap para pelaku UMKM dan Koperasi ini dilakukan dengan metode berinteraksi langsung melalui tatap muka dan observasi lapangan. Implikasi dari hasil pelatihan, pendampingan dan penelitian, merekomendasikan agar pelatihan dan pendampingan yang dilakukan oleh akademisi bersinergi dengan Dinas Koperasi dan UMKM, perlu terus dilakukan secara berkesinambungan. Karena, dengan pelatihan dan pendampingan yang berkesinambungan, literasi dan keterampilan akuntansi berbasis SAK ETAP dan tatakelola keuangan berbasis teknologi digital Android UMKM dapat ditingkatkan. Sehingga efisiensi dan kinerja usaha dapat tercapai. Terutama pada era pandemi Covid-19 dan normal baru, agar pelaku usaha UMKM tetap dapat eksis dan mampu berkompetisi dalam menghadapi persaingan usaha. Kata Kunci: umkm dan koperasi, efisiensi dan kinerja usaha, akuntansi berbasis android, digitalisasi takakelola keuangan, covid-19, normal baru.        Abstract       Micro Small and Medium Enterprises (MSMEs) and Cooperatives are one of the pillars and backbone of the nation's economy, which absorbs a lot of labor and business opportunities in the informal sector. The Covid-19 pandemic and industrial disruption 4.0 have changed the socio-economic order; it also affects this type of industry. One of the challenges faced by MSMEs and Cooperatives today is the low accounting literacy and financial governance, coupled with the transformation of the socio-economic order from conventional to digital systems. One solution to increase the skill and knowledge of MSMEs and Cooperatives to the digital system related to accounting literacy and financial governance is through training, mentoring, and research. Pieces of training, mentoring, and research on MSMEs and Cooperative members are conducted by interacting directly through face-to-face and field observation. The implications of the results of this training, mentoring and study, recommend that the training and mentoring undertaken by academics in synergy with Cooperatives and MSMEs Government need to continue to be carried out on an ongoing basis. With continuous training and mentoring, literacy, and accounting skills based on SAK ETAP and financial governance based on Android, MSMEs can be improved to achieve the business's efficiency and performance. Especially in the era of the Covid-19 pandemic and the new normal, MSMEs are still available to exist and compete in the business competition. Keywords: msmes and cooperative, efficiency and business performance, android-based accounting, digitization of financial governance, covid-19, new normal.  

scholarly journals Identifikasi Tingkat Pengetahuan Pengusaha Kecil Terhadap Penyusunan Laporan Keuangan Sederhana Di Lingkungan Kecamatan Medan Labuhan

2020 ◽  
Vol 3 (2) ◽  
pp. 142-149
Author(s):  
Liza Novietta ◽  
Ruswan Nurmadi
Keyword(s):  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Accounting Standards ◽  
Financial Statements ◽  
Financial Accounting ◽  
Financial Condition ◽  
Financial Conditions ◽  
Level Of Knowledge ◽  
The Right ◽  
Medium Enterprises

The role of Micro, Small and Medium Enterprises (MSMEs) in the national economy in Indonesia is quite large. If MSME is managed and developed properly, it can create a strong MSME so that it can sustain the Indonesian economy. The condition of MSMEs as the backbone of the Indonesian economy can be seen in the 1997 monetary crisis, where many large companies went out of business and only MSMEs were able to survive. Accounting has an important role in the progress of MSMEs. This is due to the existence of good accounting records and in accordance with established accounting standards, it can help small businesses in making the right decisions, facilitate in obtaining credit from creditors and can provide accurate and timely information. By using financial statements as a basis for looking at the financial condition of a business, every decision taken by a business actor is based on real financial conditions. Seeing the importance of the level of knowledge of small entrepreneurs to the preparation of simple financial statements based on MSME Financial Accounting Standards in Indonesia, the researcher is interested in conducting a study entitled "Identification of the Level of Knowledge of Small Entrepreneurs on the Preparation of Simple Financial Statements Based on SAK-EMKM in the Medan Labuhan Sub-District Environment."

Managing Change Toward Environmental Sustainability: A Conceptual Model in Small and Medium Enterprises

2017 ◽  
Vol 31 (2) ◽  
pp. 152-177 ◽  
Author(s):  
Retha Wiesner ◽  
Doren Chadee ◽  
Peter Best
Keyword(s):  
Change Management ◽  
Environmental Sustainability ◽  
Small And Medium Enterprises ◽  
Management Guidelines ◽  
Specific Data ◽  
Face To Face ◽  
Managing Change ◽  
Management Actions ◽  
Proposed Model ◽  
Medium Enterprises

This article aims to develop a model for managing change toward environmental sustainability (ES) within small and medium enterprises (SMEs) by investigating the main ES change management actions evident from the ES journeys of SME ES champions. Using in-depth face-to-face interviews, the article draws from the ES change management experiences of a sample of 12 ES champions from the SME sector, as well as secondary organization–specific data. A multicase design was adopted to develop the proposed model. A thematic content analysis identified 10 main change management actions along with a number of associated actions. The findings provide an empirically developed ES change management model and practical managerial ES change management guidelines to SMEs embarking on an ES journey.

scholarly journals Factoring as a Form of Financing Small and Medium-Sized Enterprises in ASEAN

2018 ◽  
Vol 5 (3) ◽  
pp. 59 ◽  
Author(s):  
Thi My Huong Do
Keyword(s):  
Financial Markets ◽  
Small And Medium Enterprises ◽  
Open Economies ◽  
Economic Community ◽  
Limited Access ◽  
Asean Economic Community ◽  
Medium Enterprises

Small and medium-sized enterprises have increasingly played very important roles, particularly in developing open economies and the ASEAN economic community. One of the biggest factors that hinders the growth of these firms is their lack of fund and limited access to financial sources. This writing, firstly, aims to illustrate that factoring can prove to be a popular tendency in fanancing small and medium enterprises in ASEAN by showing its considerable growing rate over the last two decades. In the second part, using the OLS, the paper also measures and discusses the determinants of factoring development in three financial markets including Malaysia, Thailand, Singapore.

scholarly journals Financial impediments in risk management mechanisms of Greek Small and Medium Enterprises

2017 ◽  
Vol 12 (1) ◽  
pp. 3128-3152
Author(s):  
ANDREAS KARAOULANIS
Keyword(s):  
Risk Management ◽  
Small And Medium Enterprises ◽  
Research Question ◽  
Societal Implications ◽  
Financial Risks ◽  
Political Climate ◽  
Face To Face ◽  
Long Run ◽  
The Right ◽  
Medium Enterprises

Micro Small and Medium Enterprises (SMEs) in contemporary Greece have difficulties in overcoming their financial risks via the use of their risk management mechanisms. The main reason for this failure is the presence of several financial impediments which prevent such risk management mechanisms to perform efficiently enough. So, the aim of this research is to unveil these financial impediments while the research question is “What are the financial impediments that interfere with the Greek SMEs’ risk management mechanisms?”   The method that was used was the survey one by the use of questionnaires which were distributed face to face and by email. The data was analyzed by the use of the Dedoose software following a qualitative approach. The findings showed that the SMEs that were investigated used only informal and non- sophisticated risk management mechanisms, while the financial impediments that prevented such mechanisms to operate efficiently enough were the general unstable financial and political climate, the capital controls and the SMEs’ limited access to bank financing. The results of this research can have very important societal implications as they can show to SMEs’ owners the importance of the implementation of the right risk management mechanisms, something which can lead them to sustainable development and to general societal prosperity on the long run. Keywords Financial impediments, risk management, SMEs, Greece.

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