THE ACCESS TO GOVERNMENT FINANCIAL SUPPORT THROUGH LEGAL CHANNELS OF SMALL AND MEDIUM ENTERPRISES IN FOUR ASIA PACIFIC COUNTRIES
Downloads
The aim of this study is to determine the impact of networking on SME’s ability to access government financial support through legal channels in Asia Pacific. This study is quantitative in nature in which the data has been gathered from 281 employees and managers working in SMEs through survey questionnaire. The SEM technique was utilised for the purpose of analysing and testing the mediation effect. The study found that there is a partial mediation of government financial support through legal channels among the relationship between networking with officers and access to finance. This study is restricted to the SMEs operating in the region of Asia Pacific.
Afthanorhan, Wan Mohamad Asyraf Bin Wan, “A comparison of partial least square structural equation modeling (PLS-SEM) and covariance based structural equation modeling (CB-SEM) for confirmatory factor analysisâ€, International Journal of Engineering Science and Innovative Technology, vol, 2, no. 5 (2013), pp. 198-205.
Ahmad, Kamarul Zaman, Sharifah Haslinda Syed Alwee, Zetty Zahureen Mohd Yusoff, Suzana Idayu Wati Osman, and Siti Normah Awang Tuah, “The Association between Ethical Decision-Making, Job Satisfaction, Organisational Commitment and Selected Demographic Variablesâ€, Malaysian Management Journal, vol. 7, no. 2 (2020), pp. 1-11.
APEC. “2019 APEC SME ministerial statement: SME Financing and Digital Transformation in a Globalized Economy,†2019 APEC Small and Medium Enterprises Ministerial Meeting, Concepción, Chile, 06 September 2019. Available on https://www.apec.org/Meeting-Papers/Sectoral-Ministerial-Meetings/Small-and-Medium-Enterprise/2019_sme, accessed 7 Aug 2020.
Boschmans, Kris, and Lora Pissareva, “Fostering Markets for SME Finance: Matching Business and Investor Needsâ€, OECD SME and Entrepreneurship Papers, no. 6, Paris: OECD Publishing, 2018.
Brown, Timothy A., and Michael T. Moore, Confirmatory factor analysis. In Handbook of structural equation modeling, ed. by Rick. H. Hoyle, New York: The Guilford Press, 2012, pp. 361–379.
Dikova, Desislava, Andreja JakliÄ, Anže Burger, and Aljaž KunÄiÄ, “What is beneficial for first-time SME-exporters from a transition economy: A diversified or a focused export-strategy?â€, Journal of World Business, vol. 51, no. 2 (2016), pp. 185-199.
Dimitrovski, Robert, Venelin Terziev, Laste Spasovski, and Liljana Pushova, “Development of SME’s for reducing unemployment in the Republic of Macedoniaâ€, Knowledge International Journal, vol. 15, no. 1 (2016), pp. 33-39.
Farrokhi, Farahman, and Asgar Mahmoudi-Hamidabad, “Rethinking Convenience Sampling: Defining Quality Criteriaâ€, Theory and Practice in Language Studies, vol. 2, no. 4 (2012), pp. 784-792.
Fenwick, Mark, Joseph A. McCahery, and Erik PM Vermeulen, “Fintech and the financing of SMEs and entrepreneurs: From crowdfunding to marketplace lendingâ€, In The Economics of Crowdfunding, ed. by Douglas Cumming and Lars Hornufpp, Cham: Palgrave Macmillan, 2018. pp. 103-129.
Franke, George, and Marko Sarstedt, “Heuristics versus statistics in discriminant validity testing: a comparison of four proceduresâ€, Internet Research, vol. 29, no. 3 (2019), pp. 430-447.
Fugard, Andrew JB, and Henry WW Potts, “Supporting thinking on sample sizes for thematic analyses: a quantitative toolâ€, International Journal of Social Research Methodology, vol. 18, no. 6 (2015), pp. 669-684.
Geldhof, G. John, Kristopher J. Preacher, and Michael J. Zyphur,â€Reliability estimation in a multilevel confirmatory factor analysis frameworkâ€, Psychological methods, vol. 19, no. 1 (2014), pp. 72-91.
Gunto, Mustafa, and M. H. Alias, “The impact of networking on the SMEs’ ability to access financial government support in Malaysiaâ€, South East Asia Journal of Contemporary Business, Economics and Law, vol. 5, no. 3 (2014), pp. 9-17.
Haron, Razali, and Khairunisah Ibrahim, “Islamic financing in mitigating access to financing problems of SMEs in Malaysia: a survey analysisâ€, Intellectual Discourse, vol. 24, no. 4 (2016), pp. 387-408.
Kumar, R. Sudhir, and MH Bala Subrahmanya, “Influence of subcontracting on innovation and economic performance of SMEs in Indian automobile industryâ€, Technovation, vol. 30, no. 11-12 (2010), pp. 558-569.
Madan, Nitin, “A review of access to finance by micro, small and medium enterprises and digital financial services in selected Asia-Pacific least developed countries,†MPFD Working Papers Series, WP/20/03, April 2020. Available on https://www.unescap.org/sites/default/files/publications/WP_20_03%20MSMEs%20in%20LDCs.pdf, accessed 23 Jul 2020.
Martinez, Lisana B., Valeria Scherger, and M. Belén Guercio, “SMEs capital structure: trade-off or pecking order theory: a systematic reviewâ€, Journal of Small Business and Enterprise Development, vol. 26, no. 1 (2019), pp. 105-132.
MartÃnez-López, Francisco J., Juan C. Gázquez-Abad, and Carlos MP Sousa, “Structural equation modelling in marketing and business research: Critical issues and practical recommendationsâ€, European Journal of Marketing, vol. 47, no. 1-2 (2013), pp. 115-152.
Muriithi, Samuel Muiruri, “African small and medium enterprises (SMEs) contributions, challenges and solutionsâ€, European Journal of Research and Reflection in Management Sciences, vol 5, no. 1 (2017), pp. 36-48.
Razak, Dzuljastri Abdul, Moha Asri Abdullah, and Arif Ersoy, “Small medium enterprises (SMEs) in Turkey and Malaysia a comparative discussion on issues and challengesâ€, International Journal of Business, Economics and Law, vol. 10, no. 49 (2018), pp. 1-10.
Wellalage, Nirosha Hewa, Stuart Locke, and Helen Samujh, “Firm bribery and credit access: evidence from Indian SMEsâ€, Small Business Economics, vol. 55 (2020), pp. 283–304.
Wong, Ken Kwong-Kay, “Partial least squares structural equation modeling (PLS-SEM) techniques using SmartPLSâ€, Marketing Bulletin, vol. 24, no. 1 (2013), pp. 1-32.
Yoshino, Naoyuki, and Farhad Taghizadeh-Hesary. The role of SMEs in Asia and their difficulties in accessing finance. ADBI Working Paper 911. Tokyo: Asian Development Bank Institute, 2018. Available: https://www.adb.org/publications/role-smes-asia-and-theirdifficulties-accessing-finance, accessed 31 Jul 2020.
Authors who publish in this journal agree to the following terms:
- Authors confirm the transfer of all copyrights of the manuscripts to the Board Editors of Jurnal Hukum dan Peradilan upon its acceptance for publication and that the Board Editors of Jurnal Hukum dan Peradilan have the right to publish, republish, transmit, and distribute them in the JHP journal or other media.
- Manuscripts published by Jurnal Hukum dan Peradilan are licensed under a Creative Commons Attribution -NonCommercial-ShareAlike 4.0 International, which allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
Every submitted manuscript should be accompanied by a "Copyright Notice" and "Ethical Statement".
