Interaction-Context Schema: A Proposed Model to Support Interaction Analysis in Small and Medium Enterprises

2020 ◽  
pp. 235-261
Author(s):  
Michele Cipriano ◽  
Peter Bednar
Keyword(s):  
Interaction Analysis ◽  
Small And Medium Enterprises ◽  
Support Interaction ◽  
Proposed Model ◽  
Medium Enterprises

scholarly journals Defining the Integrated Performance Measurement Systems in Small and Medium Enterprises: An Advanced Model

2019 ◽  
Vol 14 (12) ◽  
pp. 203
Author(s):  
Pirozzi Maria Grazia ◽  
Agliata Francesco ◽  
Tuccillo Danilo ◽  
Pirozzi Francesco
Keyword(s):  
Performance Measurement ◽  
Measurement System ◽  
Small And Medium Enterprises ◽  
Performance Measurement System ◽  
Strategic Management Accounting ◽  
Proposed Model ◽  
Performance Measurement Systems ◽  
Medium Enterprises ◽  
Integrated Performance ◽  
Advanced Model

Purpose: The purpose of this paper is to propose an “Integrated Performance Measurement System” (PMS) addressing the measurement and management of the financial and non-financial performance and “Intellectual Capital” (IC) for the “Small and Medium Entreprises” (SMEs). The paper relies on the “Integrated New Model” (INM) by Pirozzi and Ferulano (2016) that deals with the same task applied to a specific sector. Thus, we propose the modification of the INM model to define a “Renewed and Advanced Model” called “INM*” as integrated PMS for SMEs. Design/methodology approach: We used a qualitative method with an inductive and deductive approach to obtain an advanced model INM*. Thus, the SMEs characteristics are translated in our advanced INM* model according to the INM* structure and the IC framework. Moreover, we integrated in our proposed model INM* the “Strategic Management Accounting” (SMA) and the “Systems of Innovation” (SI) perspectives. Findings: We proposed the advanced model INM* as integrated PMS. This is a model supporting entrepreneurial and innovative SME as well as a conceptual framework summarizing the interactions and the knowledge conversions that occur between the IC components within the innovation processes. Thus, the proposed model is a useful tool for SMEs organizations. Originality/value: The renewed and advanced model INM* is useful in the academic and practical communities. It exhibits the advantages related to the innovative usage of a unique measurement system devoted to accomplish all the measurement tasks activated by SMEs. In addition, two other models are proposed and, in turn, are available for further research.

scholarly journals THE ROLE OF ISLAMIC CAPITAL MARKET FOR MICRO, SMALL, AND MEDIUM ENTERPRISES (MSMES) THROUGH SYNERGY OF MUTUAL FUND AND VENTURE CAPITAL INSTITUTION

2017 ◽  
Vol 3 (1) ◽  
pp. 81-112
Author(s):  
Yulizar D. Sanrego
Keyword(s):  
Venture Capital ◽  
Capital Market ◽  
Mutual Fund ◽  
Small And Medium Enterprises ◽  
Proposed Model ◽  
Investment Manager ◽  
Corporate Venture ◽  
Medium Enterprises ◽  
Fund Investment

It is worldly known that one of the main obstacles which is often faced by the micro, small, and medium enterprises (MSMEs) practitioners is the ability to access sources of funding. At the time where the absorption of banking credit to MSMEs is still very limited, the role of sharia capital market is considered as an alternative to support this limitation. Expanding the role of sharia capital market finds it moment when Indonesia Finance Service Authority (FSA) issued regulations that provide space for the capital market to also active in real sector businesses. In accordance with the FSA Rules N0.37/2014, mutual fund (unit trust) in the form of Collective Investment Contract (CIC) - Limited Investment/ Participation Fund (LPF) has the objective to pave the way for mutual fund investors to make direct investments in real investments. The proposed model that might be realized to smoothen the intermediary role of sharia capital market to the development of MSMEs is through the hybrid model that might linking mutual fund/investment manager and corporate, particularly venture capital. Using Analytical Network Process (ANP) approach this paper indicates that with the value of rater agreement 1.0, the research found that there are four main cluster problems which become an obstacle the proposed model, namely: (a) the reputation of mutual fund/investment manager; (b) investment grade rating of corporate (venture capital); (c) risk appetiate of investor as shahib al-mal; and (d) government regulation. Policy recommendation that might become solution, according to the value of rater agreement 1.0  is sequentially as follow, namely: (a) fully support from government; especially for a relatively new mutual fund with no experience in the capital markets industry; (b) Corporate (venture capital) should be able to offer Islamic Microfinance Finance Institutions (IMFIs) and MSMEs that have good business feasibility to the mutual fund/investment manager as well as investor; (c) the government should be able to guarantee legal certainty in the context of protection, including advocacy for investors; and last but not least (d) There is an extremely hope that investors could change their investment behavior paradigm, from risk averse to risk taker.Keywords: Sharia capital market, Mutual fund, Venture capital, MSMEJEL Classification: G1, G23, G24

scholarly journals Design of a Model for Risk Reduction in Project Management in Small and Medium-Sized Enterprises

Symmetry ◽  
2021 ◽  
Vol 13 (5) ◽  
pp. 763
Author(s):  
Anna Nagyová ◽  
Hana Pačaiová ◽  
Štefan Markulik ◽  
Renáta Turisová ◽  
Róbert Kozel ◽  
...  
Keyword(s):  
Project Management ◽  
Small And Medium Enterprises ◽  
Optimal Method ◽  
Systematic Analysis ◽  
Management Standard ◽  
Proposed Model ◽  
Mathematical Evaluation ◽  
Medium Enterprises ◽  
Tools And Techniques ◽  
Selection Of

In general, it can be said that a project is a means of change so that the organization or individual obtain something they do not currently have, and which, in some respects, can ensure its functioning within the system in society, in the market, etc. Organizations often use different tools and techniques in project implementation to help manage projects. The selection of the optimal method requires a thorough systematic analysis. The chosen method must cover the requirements of project management with regard to its size and nature. One such tool is the ISO 21500 Guidance on project management standard, which defines the basic processes and documents needed for project management. The aim of this article is to propose a model through which it would be possible to effectively manage projects in small and medium enterprises (SMEs), i.e., where generally available international methodologies for project management are not introduced. The proposed model (referred to as Model B) was verified on projects in different SMEs in Slovakia. Mathematical evaluation presented in the paper as well as the knowledge and experience from this verification were summarized and the proposed Model B was modified (referred to as SMEPM: small and medium enterprises project management) so that it can be used in the implementation of other projects in the conditions of SMEs.

Modeling Islamic Finance Adoption for SMEs: Do behavioral intentions and innovativeness matter?

2021 ◽  
pp. 88-107
Author(s):  
Humaira Asad ◽  
Memoona Shaheen ◽  
Muhammad Aftab
Keyword(s):  
Diffusion Of Innovation ◽  
Structural Equation Modelling ◽  
Behavioral Intentions ◽  
Structural Equation ◽  
Small And Medium Enterprises ◽  
Islamic Finance ◽  
Intention To Use ◽  
Equation Modelling ◽  
Proposed Model ◽  
Medium Enterprises

This study aims to develop a model that explains the Islamic finance adoption by small and medium enterprises (SMEs). We extend the Theory of Planned Behavior by uniting it with the Theory of Diffusion of Innovation. The proposed model examines the effect of innovativeness along with the attitude formation and intention factors towards Islamic finance by focusing on the small and medium enterprises (SMEs). This model was tested by analyzing data from 505 SMEs owners using Structural Equation Modelling. The results show that it is not only the attitude towards Islamic finance and other behavioral factors that determine the intention to use Islamic finance, the innovativeness also matters Keywords: Momentum, Portfolio, Winner Stocks, Loser Stocks

International Effect on Family SME Financial Distress Prediction

2022 ◽  
pp. 197-214
Author(s):  
Ines Lisboa ◽  
Magali Costa
Keyword(s):  
Financial Distress ◽  
Default Risk ◽  
Small And Medium Enterprises ◽  
Lower Probability ◽  
Probability Of Default ◽  
Export Ratio ◽  
Financial Distress Prediction ◽  
Proposed Model ◽  
Family Smes ◽  
Medium Enterprises

Understanding the reasons of default risk is crucial to avoid the firm's bankruptcy. The purpose of this work is to analyze the impact of internationalization on firm's probability of distress. For it, this chapter aims to propose a model to predict default specific to family SMEs (small and medium enterprises). An unbalanced panel of 10,832 firms over the period from 2012-2018 is analyzed. Ex-ante criteria to classify firms in default or compliant is used. International SMEs have lower probability of default than domestic firms, and compliant firms export more. Results show that export ratio is an important determinant of the probability of default. Moreover, the ratios of liquidity, profitability, size, leverage, efficiency, cash flow, and age are also relevant. Moreover, these ratios explain default risk of both groups international and domestic SMEs. The proposed model has an accuracy of 92.9%, which increases to 95.6% if only export SMEs are analyzed.

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.

Predicting supply chain effectiveness through supply chain finance

2019 ◽  
Vol 30 (2) ◽  
pp. 488-505 ◽  
Author(s):  
Zulqurnain Ali ◽  
Bi Gongbing ◽  
Aqsa Mehreen
Keyword(s):  
Supply Chain ◽  
Strategic Alliance ◽  
Small And Medium Enterprises ◽  
Fixed Time ◽  
Content Type ◽  
Supply Chain Finance ◽  
Structural Relationships ◽  
Proposed Model ◽  
Medium Enterprises ◽  
Structured Questionnaire

PurposeDue to globalization, textile small and medium enterprises (SMEs) operations have become complex which raised the needs of risk-free financing solutions to support the SMEs’ daily processes. The purpose of this paper is to investigate the effect of supply chain (SC) finance, a risk-free financing solution, on SC effectiveness (SCE) in the context of textile SMEs by employing transaction cost (TC) approach.Design/methodology/approachThe participants of the study were recruited from textile SMEs through a structured questionnaire. The proposed model and structural relationships were assessed by employing AMOS 24.0.FindingsThe results of this paper indicate that supply chain finance (SCF) has a significant effect on SCE. Furthermore, all proposed factors of SCF adoption have a positive and significant effect on SCF.Practical implicationsThis study helps the SMEs executives or owners to adopt SCF as a secure financing scheme to reduce the credit TCs, optimize the firm working capital, reduce the risk of default, and improve SC effectiveness. SMEs and suppliers can build strong relationships while adopting the findings of this study. SMEs can engage the suppliers to work under strategic alliance through negotiation, collaboration, and work digitization, and extend their payment terms while providing an opportunity to the suppliers to get their payment back before a fixed time through discounting from financial institutions as needed.Originality/valueThe present study covered the gap related to SCF and SCE by identifying unique factors of SCF adoption which was ignored in the previous literature by employing TC approach.

scholarly journals THE TENDENCY OF USING MICRO TAKAFUL AMONG MICRO, SMALL AND MEDIUM ENTREPRENEURS AT PELEPAT ILIR, JAMBI, INDONESIA

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
Lina Ade Chusmita ◽  
Azila Abdul Razak ◽  
Fidlizan Muhammad
Keyword(s):  
Financial Institutions ◽  
Structural Equation ◽  
Small And Medium Enterprises ◽  
Behavioral Control ◽  
Subjective Norm ◽  
Financial Inclusion ◽  
Equation Modeling ◽  
Policy Makers ◽  
Proposed Model ◽  
Medium Enterprises

Micro takaful is one of the takaful product development strategies in developing the 'marginalized' economy of financial institutions. The objective of this study is to provide empirical evidence on financial inclusion as a factor of behavioral control in the Theory of Perceived Behavior (TPB) to analyze its influence with the tendency of micro, small and medium enterprises (MSME) entrepreneurs to the use of micro takaful. Data distributed via questionnaires to 372 respondents were analyzed using descriptive and structural equation modeling. The results of the study showed that there was a positive and significant effect between attitude and financial inclusion on the tendency of using micro takaful. On the contrary, subjective norm factors have no significant effect on the proposed model. The implications of the study indicate that financial inclusion is one of the most important policies to achieve sustainable development. In addition, takaful institutions and policy makers need to expand the supply of microfinance products, especially micro takaful scheme to MSME in Indonesia to ensure the protection and security of their businesses.

scholarly journals Improving the evaluation of software development methodology adoption and its impact on enterprise performance

2012 ◽  
Vol 9 (1) ◽  
pp. 165-187 ◽  
Author(s):  
Damjan Vavpotic ◽  
Tomaz Hovelja
Keyword(s):  
Software Development ◽  
Case Studies ◽  
Small And Medium Enterprises ◽  
Enterprise Performance ◽  
Positive Effects ◽  
Development Methodology ◽  
Proposed Model ◽  
Study Experience ◽  
Software Development Methodologies ◽  
Medium Enterprises

Although the literature studying software development methodologies (SDMs) lists several significant positive effects of the deployment of SDMs, investments into SDMs by the enterprises remain relatively limited. Strategic investments decisions, such as SDMs investments, are mostly taken with the goal of improving enterprise performance. In this paper a model for evaluation of the adoption of SDMs that focuses on the abovementioned SDMs impact on enterprise performance is proposed. The model was empirically tested in four case studies in software development small and medium enterprises (SMEs) in Slovenia. The case studies confirmed that the use of the proposed model enabled SMEs to improve SDMs related investment and adoption decisions and enabled SMEs to invest their limited resources in the most productive and competitive way. The case study experience with the proposed model suggests that its use would also bring similar benefits to larger software development enterprises.

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