scholarly journals The Impact of Minimum Wage Policy on Small Medium Enterprises' Productivity in the Manufacturing Sector

2016 ◽  
Vol 1 (1) ◽  
pp. 78-83
Author(s):  
Ung Leng Yean ◽  
Tee Peck Ling ◽  
Chung Chay Yoke ◽  
Jayamalathi Jayabalan ◽  
Pok Wei Fong ◽  
...  
Keyword(s):  
Minimum Wage ◽  
Manufacturing Sector ◽  
Labour Productivity ◽  
Wage Policy ◽  
Operational Costs ◽  
Manufacturing Sectors ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Descriptive Method

Objective - This study's aim is to identifies the minimum wage policy implementation and its impact on SMEs in Malaysia. It addresses the question of the level of SME's awareness and their readiness towards the implementation of the policy and improving productivity. Methodology/Technique - Data were collected through questionnaire distribution and literature study.Analysis was conducted via a descriptive method. Findings - The solutions identified in addressing the problem include the need to increase labour productivity, lower operational costs and change organizational methods. Novelty - The discussions of this paper provide an in-depth understanding of the issues related to how the policy affects company's competitive advantage and financial performance. Type of Paper: Empirical Keywords: Minimum Wage Policy; Malaysia; SMEs, Manufacturing Sectors; Productivity.

scholarly journals PERANAN PROGRAM KOPERASI JASA KEUANGAN SYARIAH BAITUL MAAL WAT TAMWIL ( KJKS BMT) DALAM PEMBERDAYAAN PELAKU USAHA MIKRO KECIL MENENGAH DI KOTA PADANG

2019 ◽  
Author(s):  
Rizki Afri Mulia
Keyword(s):  
Program Implementation ◽  
Financial Services ◽  
Economic Condition ◽  
Cooperative Program ◽  
Savings And Loan ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Descriptive Method

This research background was found in the implementation of the program Baitul Maal Wat Tamwil (BMT) in Empowerment’s actors UMKM in Padang. The aims of this research was to describe the implementation of Sharia Baitul Maal Wat Tamwil (KJKS BMT) Cooperative Program and to know the impact of KJKS Program implementation through savings and loan program in approaching the access of business capital to SMEs in Padang City. The method used in this research was qualitative research using descriptive method. The research found that the Role of Sharia Financial Services Cooperative Program Baitul Maal Wat Tamwil (KJKS BMT) for the Empowerment of Micro Small Medium Enterprises has been effective by providing financing in the addition of venture capital to UMKM for the development of their business. Although the implementation of KJKS program has been in accordance with existing procedures but has not fully able to improve the welfare of its members. This can be seen from its still found some obstacles in the implementation, constraints faced can be categorized into two forms. Internal obstacles such as: lack of KJKS capital, poor people's mindset about KJKS program, lack of supervision on KJKS program implementation, external constraints such as: the utilization of aid funds that have not maximized, Fructuative Community Economic Condition (unstable), Competitor with product Just like the existence of loan sharks, obstacles that come from the participants of the program carried out efforts such as guidance, the system pick up the ball against members who are stuck in the payment.

scholarly journals PERANAN PROGRAM KOPERASI JASA KEUANGAN SYARIAH BAITUL MAAL WAT TAMWIL ( KJKS BMT) DALAM PEMBERDAYAAN PELAKU USAHA MIKRO KECIL MENENGAH DI KOTA PADANG

2019 ◽  
Author(s):  
Rizki Afri Mulia
Keyword(s):  
Program Implementation ◽  
Financial Services ◽  
Economic Condition ◽  
Cooperative Program ◽  
Savings And Loan ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Descriptive Method

This research background was found in the implementation of the program Baitul Maal Wat Tamwil (BMT) in Empowerment’s actors UMKM in Padang. The aims of this research was to describe the implementation of Sharia Baitul Maal Wat Tamwil (KJKS BMT) Cooperative Program and to know the impact of KJKS Program implementation through savings and loan program in approaching the access of business capital to SMEs in Padang City. The method used in this research was qualitative research using descriptive method. The research found that the Role of Sharia Financial Services Cooperative Program Baitul Maal Wat Tamwil (KJKS BMT) for the Empowerment of Micro Small Medium Enterprises has been effective by providing financing in the addition of venture capital to UMKM for the development of their business. Although the implementation of KJKS program has been in accordance with existing procedures but has not fully able to improve the welfare of its members. This can be seen from its still found some obstacles in the implementation, constraints faced can be categorized into two forms. Internal obstacles such as: lack of KJKS capital, poor people's mindset about KJKS program, lack of supervision on KJKS program implementation, external constraints such as: the utilization of aid funds that have not maximized, Fructuative Community Economic Condition (unstable), Competitor with product Just like the existence of loan sharks, obstacles that come from the participants of the program carried out efforts such as guidance, the system pick up the ball against members who are stuck in the payment.

The Impact of Business Mentoring on Micro, Small, Medium Enterprises Performance

2017 ◽  
Vol 1 (1) ◽  
pp. 31-37
Author(s):  
Mohammad Adrian ◽  
Hendrati Dwi Mulyaningsih ◽  
Santi Rahmawati
Keyword(s):  
Quantitative Research ◽  
Causal Analysis ◽  
Coefficient Of Determination ◽  
Mentoring Program ◽  
Simple Regression Analysis ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Necessity Entrepreneur ◽  
Simple Regression

This reasearch is conducted on MMSME (Micro Small Medium Enterprises) that are participated in the MMSME Syari’ah Mentoring Program by Academicians and Practitioners (PUSPA) organized by Bank Indonesia in Bandung. MMSME who participated in PUSPA program 2016 is MMSME that included in necessity entrepreneur where MMSME operated just to fullfil the life necessities. The purpose of this reasearch was to investigate the influence of the business mentoring on the MMSME performance in PUSPA program 2016. Researcher used quantitative research method. Data were analyzed using simple regression analysis and descriptive-causal analysis. The result showed that business mentoring affect the performance of MMSME that participated in PUSPA Program 2016. Based on the calculation, coefficient of determination (R2) can be seen the influence of business mentoring variable (X) on the performance (Y) is 74%. While the remaining 26% is influenced by other factors such as entrepreneurship competence and human resources.

THE IMPACT OF COMPETENCY ENTREPRENEURSHIP ON MICRO, SMALL, MEDIUM ENTERPRISES PERFORMANCE

2018 ◽  
Vol 1 (1) ◽  
pp. 31
Author(s):  
Elsa Nanda Utami ◽  
Hendrati Dwi Mulyaningsih
Keyword(s):  
Quantitative Research ◽  
Sampling Technique ◽  
Total Sample ◽  
Mentoring Program ◽  
Financial Term ◽  
Simple Regression Analysis ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Necessity Entrepreneur

This reasearch is conducted on MSME (Micro Small Medium Enterprises) that are participated in the MSME Syari’ah Mentoring Program by Academition and Practitioners (PUSPA) organized by Bank Indonesia in Bandung. MSME who participated in PUSPA program 2016 is MSME that included in necessity entrepreneur where MSME operated just to fullfil the life necessities. This program aims to improve the competence of entrepreneurship owned by MSME in term of knowledge, attitudes, and skills. Increased in the entrepreneurial comptence will have an impact on MSME perfomance both on financial term by the increase in income and non-financial term namely by the increased of the knowledge and skills like simple accounting, managing the production process, how to market the product, and know the procedures for obtaining the venture capital. The purpose of this reasearch was to investigate the influence of the entrepreneurial competence on the MSME performance in PUSPA program 2016.Researcher used quantitative research method. This research use sampling technique on non-probability sampling that is saturated sampling because the members of population less than 30 people and the entire population is a sample. Total sample in this research is 20 respondents. Data collecting in this research is done by distributing questionarries to all respondents that is MSME that pariticaped in PUSPA program 2016. Data were analyzed using simple regression analysis and descriptive-causal analysis.The result showed that entrepreneurial competenec affect the performance of MSME that participated in PUSPA Program 2016. Based on the calculation, coefficent of determination (R2) can be seen the influence of entrepreneurial compentence variable (X) on the performance (Y) is 61.7%. While the remaining 38.3 is influenced by other factors such as mentoring, motivation, and human resources.

THE IMPACT OF BUSINESS MENTORING ON MICRO, SMALL, MEDIUM ENTERPRISES PERFORMANCE

2018 ◽  
Vol 1 (1) ◽  
pp. 7
Author(s):  
Mohammad Adrian ◽  
Santi Rahmawati
Keyword(s):  
Research Method ◽  
Quantitative Research ◽  
Coefficient Of Determination ◽  
Mentoring Program ◽  
Simple Regression Analysis ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Necessity Entrepreneur ◽  
Simple Regression

This reasearch is conducted on MSME (Micro Small Medium Enterprises) that are participated in the MSME Syari’ah Mentoring Program by Academition and Practitioners (PUSPA) organized by Bank Indonesia in Bandung. MSME who participated in PUSPA program 2016 is MSME that included in necessity entrepreneur where MSME operated just to fullfil the life necessities.The purpose of this reasearch was to investigate the influence of the business mentoring on the MSME performance in PUSPA program 2016.Researcher used quantitative research method. Data were analyzed using simple regression analysis and descriptive-causal analysis.The result showed that business mentoring affect the performance of MSME that participated in PUSPA Program 2016. Based on the calculation, coefficient of determination (R2) can be seen the influence of business mentoring variable (X) on the performance (Y) is 74%. While the remaining 26% is influenced by other factors such as entrepreneurship competence and human resources.  

scholarly journals Access to Finance, Financial Development and Firm Performance – Evidence from Pakistan

2020 ◽  
pp. 49-68
Author(s):  
Waqas Ahmad ◽  
Zaheer Abbas ◽  
Zulfiqar Ali Shah
Keyword(s):  
Firm Performance ◽  
Financial Development ◽  
Financial Constraints ◽  
Small And Medium Enterprises ◽  
Labour Productivity ◽  
Fixed Effect Model ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Impact

Purpose- The aim of the study is to investigate the impact of financial constraints on firm performance. The role of financial development in reducing financial constraints is also investigated. Design/methodology/approach- Data from two waves of World Bank Enterprise Surveys from 2007 to 2013 was used to construct the required variables. A balanced sample of 427 firms was selected and a fixed-effect model was used for empirical estimations. Findings- The findings indicate the significance of access to finance in terms of explaining firm performance. Improvement in access to finance led to subsequent improvement in firm performance as measured by labour productivity. The role of financial development in reducing credit constraints is not as expected. The concentration of lending to the private sector in the hands of large corporations at the expense of small and medium enterprises could be the reason for such a result. Originality/value – Most of the work in this area is focused on large listed firms. The present study focused primarily on small and medium-sized enterprises in Pakistan. Multiple measures of financial constraints and firm performance were used for robustness. The investigation also covers the role of financial development and its microeconomic implications at the level of an enterprise.

scholarly journals Saving Industry of Garments Solid Works In West Java (Review of SE and SK Determination Policy on West Java UMK in 2020)

2020 ◽  
Vol 3 (2) ◽  
pp. 93
Author(s):  
Muhamad Rizal ◽  
Anang Muftiadi
Keyword(s):  
High Pressure ◽  
Minimum Wage ◽  
Investment Climate ◽  
Wage Policy ◽  
West Java ◽  
Low Education ◽  
Solid Works ◽  
The Impact

It has become a common tradition that in November every year, each Governor is obliged to set a UMP and can (not must) determine Regental/Municipal Minimum Wage (UMK). This is regulated by PP 78 of 2015 concerning Wages. This wage policy regulates the minimum wage that must be paid by employers to all workers without exception. Every year, this wage arrangement has become a problem for the industry, especially labor-intensive industries. This industry contributed to employment for people who had only low education around the company and its supporting areas. However, wages that were getting higher each year caused companies to enter the non-compliment category of buyers. This choice was what caused many companies to relocate or permanently disband their companies. Deferral of payment was not a solution for the company. In fact, it dragged them to bankruptcy. Governor of West Java’s SE No. 561/75/Yanbangsos/2019 concerning the Implementation of MSEs in West Java had become a breath of fresh air for the investment climate in West Java. However, this SE did not last long because of the high pressure of interest on the Governor of West Java. This article was carried out to analyze the impact of the revocation of the SE and the change to a decree, which stagnated the industry and reduced its production resulting in massive layoffs in several Regencies and Cities in West Java.

The Role of Internet Utilization Among SMEs on Household Welfare in Indonesia

2020 ◽  
Vol 9 (1) ◽  
pp. 25-37
Author(s):  
Ariska N. Rini ◽  
Lienggar Rahadiantino
Keyword(s):  
Internet Use ◽  
The Internet ◽  
Household Welfare ◽  
Capita Expenditure ◽  
Household Heads ◽  
Using Data ◽  
One Year ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact

The Internet has a significant influence on poverty alleviation and economic growth. Internet involvement in small-medium enterprises (SMEs) has the opportunity to create a better level of welfare. Using data from the fifth wave of the Indonesian Family Life Survey (IFLS), this study aims to analyze the impact of internet utilization on household welfare among two groups, household enterprises with internet use for business and without internet use for business. The results of the Propensity Score Matching (PSM) method mention that household enterprises with internet for business purposes have higher household per capita expenditure, food consumption, and non-food expenditure than household enterprises without internet use. Another interesting result finds that household enterprises are likely to use the internet only if household heads at a young age and business establish less than one year.

The Migratory Impact of Minimum Wage Legislation: Puerto Rico, 1970–1987

1993 ◽  
Vol 27 (4) ◽  
pp. 772-795
Author(s):  
Carlos E. Santiago
Keyword(s):  
United States ◽  
Puerto Rico ◽  
Minimum Wage ◽  
Labor Migration ◽  
Capital Investment ◽  
The United States ◽  
Multiple Time ◽  
Wage Setting ◽  
Wage Policy ◽  
The Impact

Minimum wage research has historically focused on labor mobility between covered and uncovered labor markets within a geographic area. This study examines the impact of minimum wage setting on labor migration. A multiple time series framework is applied to monthly data for Puerto Rico from 1970–1987. The results show that net emigration from Puerto Rico to the United States fell in response to significant changes in the manner in which minimum wage policy was conducted, particularly after 1974. The extent of commuter type labor migration between Puerto Rico and the United States is influenced by minimum wage policy, with potentially important consequences for human capital investment and long-term standards of living.

scholarly journals Assessing Minimum Wage Policy Implications upon Income Inequalities. The Case of Romania

2019 ◽  
Vol 11 (9) ◽  
pp. 2542
Author(s):  
Eva Militaru ◽  
Madalina Ecaterina Popescu ◽  
Amalia Cristescu ◽  
Maria Denisa Vasilescu
Keyword(s):  
Income Distribution ◽  
Minimum Wage ◽  
Sustainable Growth ◽  
Policy Implications ◽  
Wage Distribution ◽  
Distribution Analysis ◽  
Wage Policy ◽  
Income Inequalities ◽  
Wage Earners ◽  
The Impact

Starting from the consideration that excessive income inequalities could hamper sustainable growth, our paper aims to evaluate the impact of the minimum wage policy upon wage and income distributions. Using the European Union Survey on Income and Living Conditions (EU-SILC) database with national representative sample of households, an income distribution analysis was conducted for the case of Romania based on two microsimulation approaches. The first one assumed building a counterfactual income distribution under the hypothesis of no change in minimum wage, while the second one implied a decomposition of the Gini coefficient of income inequalities based on main income determinants, including the minimum wage level and the share of minimum wage earners in the total number of employees. Both approaches pointed to similar findings, indicating a positive effect of the minimum wage on wage inequalities reduction for both genders, although higher for women, as they are more present among lower paid employees. The minimum wage policy can reshape the wage distribution, by enlarging the share of minimum income earners and narrowing the middle. Moreover, the household disposable income becomes less unequal when minimum wage increases, meaning that the income gain spreads over the entire household as most minimum wage earners come from poor households with numerous children.

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