Financial performance of smes. from strongly disagree to strongly agree.
Financial performance of smes. As SME owners/managers were unwilling, objective data .
Financial performance of smes Oct 27, 2020 · SMEs establishment Source: SME Corp. We extract ESG-related information for a sample of Spanish SMEs over the period 2012–2022 using tools provided by the Internet Archive to estimate a staggered difference-in-differences model of how the release of new ESG-related information impacts the financial performance of SMEs. The mediating role of financial A non-significant influence of asset management on organizational performance was observed. It has been observed that the Access to finance is a prerequisite for financial performance of SMEs and has become an increasingly important development metric, as one of the factors which can drive widespread economic Thus, there is a need to validate the financial literacy and SMEs performance relationship in the Malaysian environment due to the differences in culture, ways of thinking, legal and political situations. In addition, this study improves the consistency of the existing evidence on SME performance and expands the scope of the Resource-Based View (RBV) from the perspective of SMEs. AIS alignment also has significant effect on non-financial performance. Profit is a proxy to measure financial performance of SMEs, which is the dependent variable. Jun 18, 2024 · A few notable regulations were SMEs Law No. and also from a Oct 12, 2020 · A 1-5 Likert scale was used to score the SME performance (ranging from extremely unsuccessful =1 to extremely successful =5). Optimal financial performance based on the use of sharia fintech followed by the stability of Small and Medium Enterprises (SMEs) will have an impact on economic growth. Keywords: Accounting Information System, Alignment, Non-Financial Performance, SMEs. Financial Performance of SMEs Nov 20, 2013 · This chapter presents the overall outcomes of SMEs performance and financial management practices as well as empirical findings related to the development of the SME performance model. However, the exact effect they have on the financial performance of SMEs hasn't been fully established by the available literature thus the need for further research in this area. Security will be positively related to financial performance of SMEs in Indonesia 4808 • Muslimin, Suryadi Hadi and Ardiansyah. Financial literacy continues to be among the factors investigated. The survey made it possible to deduce the relationship between the financial culture and the financialThis work is licensed under the Creative performance. 27, p = . Based on previous studies, the subjective approach of measuring SMEs’ financial performance was adapted in this study (Man, Citation 2002; Sweeney, Citation 2009). of SMEs in Kosovo, performance, role and sectoral structure, while in the third section is presented a comparative analysis through linear trends which include the main variables of this Thus, studies to determine factors that can influence the performance of SMEs have frequently been conducted. The study was based on the 1. ESG-related information Dec 1, 2024 · Fifth, the research highlights the pivotal role of financial efficiency as a moderator in the association between budgetary control and financial performance within the context of SMEs in Nigeria. Despite their importance, these en Oct 27, 2023 · The purpose of this paper is to test how firm characteristics affect SMEs’ capital structure using a unique dataset of micro, small, and medium-sized firms (SMEs) in Central and Eastern Europe between SME performance and financial management practices implemented by SMEs in Sri Lanka. The. Nov 4, 2022 · Government financial support (GFS) is an important factor for firms in developing countries, particularly small and medium enterprises (SMEs), to be competitive and perform better. Introduction Capital budgeting (CB) is an instrument employed to plan and allocate financial resources in a way that firms’ perspective investments optimize the wealth of shareholders (Garrison et al Mar 11, 2019 · The purpose of this paper is to examine the impact of management accounting on financial performance in SMEs. Dec 18, 2015 · The current study provides evidence that financial incentives and governance give significant impact on the performance of SMEs. Nov 28, 2019 · More in general, the sustainability of SMEs is highly dependent on their financial performance (Nejati et al. 9% of businesses and employing over 3. 16, p = . This study aims to analyze the financial performance of SMEs from a sharia economic perspective; analyzing the effect of using sharia fintech on the financial performance and sustainability of SMEs and strengthening human Jun 13, 2022 · This paper examines how corporate governance influences the financial performance of listed SMEs in the context of developing economies like India. Performance has usually been measured from a financial perspective. , 1994; González Loureiro and Pita Castelo, 2012; Fiseha and Oyelana, 2015). In exploring the relationship between budgeting, budgetary control, and financial performance among SMEs in Nigeria, it's crucial to acknowledge Mar 5, 2024 · 2. 21, p = . negative effect on SMES financial performance, but there was a positive effect on the entrepreneur orientation and credit amount. American Based Research Journal, 5(11), 26-35. e. There are some detailed analyzes of how certain knowledge resources are used, such as B. The most Jan 6, 2020 · While there are a variety of reasons why SMEs ultimately fail, financial management skills and performance are two of the most often-cited explanations. SMEs have no defined performance measurement method because of the complexity of their structures (Sergio et al, 2006). (2015). 1 day ago · However, work that explores the intermediary mechanism and, specifically, the role of access to different types of financing in the relationship between the quality of accounting information and SME financial performance is scarce. 4 (2021): October-December Full Length Article ISSN: 2219-4282 Open Access The Impact of Managerial competencies on Financial Performance of SME’s with mediating role of Competitive Advantage Muhammad Sualeh Khattak1, Asgher Kamal2, Minahil Akram3 1Assistant Professor, Business and Management Sciences, University of Lakki Marwat, KPK Scholar, Department of 1. Dec 19, 2019 · Based on a 20-year dataset collected from the Web of Science database, this study aims to present a comprehensive knowledge map of the intellectual structure of the field of study of sustainability and financial performances in small and medium sized enterprises (SMEs). If they want to be successful and ensure the financial performance of their business, they must adopt a proactive approach to reducing strategic risks in connection with operational risks. The target population of the Factors determining financial performance of SMEs in Kenya have been classified into two categories; independent and dependent variables as shown in figure 1. As SME owners/managers were unwilling, objective data Sep 1, 2024 · The contributions of this paper to the literature are as follows: (1) the study demonstrates the negative impact of EPU on SME financial performance; (2) the research shows how the industry sector is less affected and highlighting the importance of the sector in the impact of EPU on the SME performance; and (3) the results show that SMEs that CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE IN SMES: A CASE OF THE KAPENTA INDUSTRY IN KARIBA CHAPTER ONE: AN OVERVIEW OF THE RESEARCH PROBLEM 1. Jul 13, 2022 · This research identifies the driving factors of SMEs' digital innovation and their effects on improving SMEs' financial performance during the COVID-19 pandemic, intending to discover the 2020. May 5, 2021 · The results revealed that strategy formulation significantly influences both short-term and long-term perceived financial performance of SMEs in Zimbabwe. Research limitation & implications - Government agencies such as SME Corporation recognise Jun 30, 2014 · The quality of financial performance through employing financial management practices (FMPs) in plantation sector SMEs would be crucial for proprietors, managers, executives, employees, and other Dec 7, 2024 · Sustainability practices have a positive effect on the financial performance of SMEs. Hence, it has been recommended that SMEs should adopt E-commerce to facilitate performance and ensure that it aligns with the firm strategies and structure. Financial literacy has also been found to partially mediate financial inclusion and not keep proper financial records hence using profitability ratios by previous researchers does not accurately reflect SME performance. We focus on, especially the gap between the sophistication of management accounting May 3, 2016 · The aim of this study is to explore the relationship between corporate social responsibility (CSR) (defined through multi-stakeholder’s framework) and financial performance in the context of Rajasthan small and medium enterprises (SMEs). Data were analysed using partial least Nov 15, 2023 · SME financial performance is most often defined as hard criteria, such as increased turnover or . ,The study’s findings will serve as valuable pointers for stakeholders and decision-makers of SMEs in developing well-articulated and the companies, the financial performance, and market-based performance, which led to the development of economic growth. Nov 29, 2023 · This research proposes to contribute to the construction of an explanatory framework for innovation management of SMEs in developing countries, analysing the relationship between innovation strategies, innovation capabilities and financial performance, from an empirical validation with a group of 136 SMEs from Valle del Cauca – Colombia on financial performance of SMEs and will help practitioners in making informed decisions on whether to adopt the ABC system as they make decisions on which costing systems to use. The results also show correlation linking micro insurance and financial performance of SMEs was positive and significant access to finance has no significant effect on financial performance of SMEs in the also performed there hotel industry in Kenya. The results of the SEM analysis of the model built in this study are categorized as a fit model, marked by several test results that show Nov 30, 2021 · ratios can boost the financial performance of MSMEs. the companies, the financial performance, and market-based performance, which led to the development of economic growth. The auditors ought to be aware of matters of significance to the owners and examine issues within the scope of the audit. 6 SMEs performance and sales growth rate 49 . The study findings based on p- value 0. 3 SMEs performance and the level of productivity 46 . It is against this background that this study investigated Corporate Governance and financial performance in SMEs: A case of the Kapenta Industry in Kariba. Jan 1, 2015 · The study analyzed the financial performance of selected micro, small, and medium enterprises using secondary data from financial statements for the past three years. 05 implied rejection the null hypothesis which states that access to finance has on significant effect on financial performance of SMEs in Jun 1, 2018 · The study identified that while financial assistance has significant impact on the performance of SMEs, these supports are inadequate and characterized by stringent, unrealistic bureaucratic details. ,The authors apply a questionnaire on a sample of 188 SMEs in Chile in 2017. 4. range of financial and non-financial factors (Maisel and Cokins, 2013; Al-Hakim and Lu, 2017). Based on these findings, the study recommended that facilitating access to adequate funding are highly effective in enhancing performance. 8 SMEs improved by organising training for its owners 51 Oct 6, 2017 · SME owners consequently, during the course of the audits, may have an opportunity for frequent and open communication between the auditors and the affected managers. 006), risk aversion had a positive direct effect on financial performance (β = . Essentially, the study is able to answer the given research question and demonstrate that financial performance affects SMEs’ Sep 28, 2023 · The object of research is the importance of monetary management in Small and Medium-sized Enterprises (SMEs), specializing in challenges, best practices, and future trends. Structural equation modeling is used to explore new mediators in the relationship between ERM and SME financial performance. Our results support the agency theory, which advocates a positive influence of the agent employing activities on behalf of the principal which The performance of SMEs is influenced by many external (political, economic, social and environmental) and internal (family-related, personal, financial, knowledge-based) factors which may differ according to continents, countries, regions and industries (Varsakelis 2006, Price et al. Financial ratios are instrumental in evaluating financial performance [28]. However corporate governance practices by SMEs in Kariba, Zimbabwe are currently unknown. Malaysia, 2018 Performance of SMEs In arrears to globalisation, SMEs are forced to embrace competitive strategies in order to be relevant in the environment. The results reveal that it is not the level of leverage that determines financial performance, but rather the debt maturity structure. wider profit margins and the ability to contribute to job and wealth creation through business . Data analysis tools using SmartPLS 4. ,The generalizability of the findings will be constrained due to the research’s SMEs focus and cross-sectional data. 000), risk aversion, which had a positive direct effect on innovative behavior (β = . SMEs which do not undertake financial management practices are performing less effectively than the SMEs which uses financial management practices. Oct 16, 2019 · With nearly 10 million SMEs contributing to 23% of the GDP, 80% of jobs in the industries sector and 25% of the total labor force, the SME Finance Policy will play a pivotal role in enhance SME financing. Specifically, the findings demonstrate that short-term debt and long-term debt have an opposite effect on financial performance and therefore tend to cancel out. ,The sample for this study includes 88 listed SMEs from the Bombay Stock The study contributes to the field of SMEs and attempt to address the gap in the literature by depicting important areas to weigh and derive SMEs financial performance especially in opaque markets. Nonetheless, studies on the relationship between GFS and firm performance Sep 30, 2021 · This research takes 40 small and medium-sized enterprises operating in Kosovo during the period 2016‒2018 and uses the DuPont model of financial analysis based on capital analysis of the return negative relationship between Swedish SMEs financial performance and their usage of trade credit. 2013, Hadjimanolis 2019). Consequently, this PhD thesis aims to explore how some elements within the BE – such as institutions, the regulatory business environment (RBE), and innovation systems – impact (1) access to finance and funding choices; (2) the financial performance; (3) the funding choices – financial fluence of financial culture on the SMEs’ financial performance in Lebanon . Company income tax and education tax were taxation proxies while return Specifically, 78% of the SMEs studied compared profitability to cash flows, 74% to cash flows, and 44% to a financial budget to actual financial performance. On the other hand, high tax burdens (Bianchi et al. Sep 4, 2018 · This paper aims to investigate the moderating role of innovation capability and strategic goals in the financial performance of small- and medium-scale enterprises (SMEs) in Ghana. 4 SMEs performance and product quality 47 . A regression analysis was done. (Karunananda and Jayamaha, 2011). Evidence from Kenya. Dec 1, 2016 · financial performance measures in SMEs’ SCM. Among these, the DuPont model, created in the early 1900s, is still a valuable model to use for profitability assessment, but it is obviously not used in the safety community for risk prioritisation or impact analysis. Thus, the study provides feedback to the policymakers to review the current policy on tax incentive, financial assistant program, and governance mechanism to ensure the relevancy, sustainability, and competitive edge Jun 1, 2024 · The implications of lean strategy on firm performance have generated a heated debate. The researchers recommend to the Jun 1, 2021 · financial statement analysis to determine the level of profitability which was measured regarding growth in sales/revenue, profit margin, return on investment (ROI), May 27, 2020 · Purpose The purpose of this study is twofold (1) to establish the relationship between inventory management, managerial competence and financial performance and (2) to test whether inventory Feb 27, 2021 · Financial performance (FP) is important to every firm, especially SMEs, but FP determinants are debatable. The results show that financial performance of SMEs located in areas with a higher level of digital inclusive finance is significantly higher. Financial performance of Micro, Small and Medium Enterprises (MSMEs) is the focus for MSMEs to grow and develop as business entities that become the mainstay of the nation's economy. Behavioral finance, poor financial performance of SMEs and behavioral biases in investment decisions. 1. Nov 1, 2023 · The study finds a strong positive relationship between CSR initiatives and the financial performance of SMEs, wherein CSR initiatives serve as a business strategy to improve their business operations. [23] conducted a study on 120 SMEs in Indonesia and revealed that logistic operations significantly impact financial performance. Financial literacy can improve the sustainability . INTRODUCTION on the operations and financial performance of SMEs. The review synthesizes existing research to highlight key findings, emerging themes, and gaps, providing a comprehensive understanding of how digital banking and sustainable Furthermore, the results show that financial literacy has a large positive impact on the performance of SMEs. 2 Financial Performance Financial performance can be evaluated in terms of growth, survival, success and competitiveness. It highlights the implication of corporate governance on such firms which strive to position themselves on national and international markets. Jan 7, 2022 · The results of the study show that human resource capacity and business diversification affect the financial performance of SMEs by 41. The most relevant regions Nov 27, 2021 · ndicated that before 2010, few studies were interested in studying the effect of innovation on SMEs, with 23% of reviewed articles (on average, 2 articles per year). In contrast, products and services, earning and Relationship between accounting best practices and financial performance of SMEs In this part, the study dwelt on the third objective of the study which sought to establish the relationship between accounting practices and financial performance of SMEs in Ilala District, Dar es salaam, Tanzania. 005). Articulating the direct relationship between two figures derived from financial statements, they provide information regarding how proficiently performing establishments are and how optimally May 21, 2020 · Results of the study revealed that there is a positive effect of financial management practices on performance of SMEs. follows. and the majority (67%) of respondents have no knowledge about cash control procedures. , operational performance and financial performance . H2. The study's findings indicate that CSR has a direct impact on financial performance (SMEs) and CSR indirectly affects the financial performance (SMEs) through competitive advantage. A purposive sampling technique was utilized to select Dec 31, 2021 · The study examined the relationship between taxation and financial performance of quoted SMEs in Nigeria from 2013 to 2017. , 2017) while, on the other hand, positive financial outcomes could stimulate the Financial literacy has been identified as a one of the key competencies required for the establishing, management and thriving of SMEs. The study also established that microfinance credit factors affect SMEs financial performance with entrepreneur orientation contributing the most to SMEs financial performance compared to the other factors thus H1. If the firm is not using financial Dec 11, 2018 · Effect of Financial Literacy and Performance SMEs. Dec 31, 2021 · The study took a critical look at financial management and the performance of Small and Medium Enterprises in Kogi State Nigeria. Independent variables; employee costs; proxy for human Jan 1, 2013 · This paper focuses on an important issue, which has generally received less attention in SMEs literature, being the effect of debt maturity structure on financial performance. The participants were required to indicate wheth-er they agreed to the implementation, ranging. Service quality will be positively related to financial 342 azem AI, anchao I Journal of Asian Finance, Economics and Business Vol 8 No 10 (2021) 03410352 literacy and networking competency on SMEs’ financial performance. Cherugong, P. This study developed a model combining a set of entrepreneurial ecosystem factors, entrepreneurs’ decision-making styles and SMEs’ financial performance. , Citation 2021). Dec 16, 2011 · Using quantitative data collected from a sample of 171 SMEs in the machinery and equipment sector of the Australian manufacturing industry, we find that all specified capabilities are positively associated with adoption of proactive CSR by SMEs, and that proactive CSR is, in turn, associated with an improvement in firm financial performance. The aim of the May 1, 2018 · A scientific mapping of the research on financial performance and SMEs is carried out by tracking the scientific production registered in the Scopus and WoS databases. Small- and medium-sized practices (SMPs) can play a critical role in helping these SMEs to navigate an increasingly volatile operating environment. 1 However, many studies have found that financing constraints are a key factor limiting the performance of SMEs (Berger and Udell, 2006; Livshits et al performance of SMEs, these supports are inadequate and characterized by stringent, unrealistic bureaucratic details. May 4, 2023 · First, it addresses the relationship between Financial accounting services and SME financial performance, strengthening prior evidence concerning the positive impact of SMEs on financial performance. from strongly disagree to strongly agree. Nov 8, 2024 · Financial resources are widely acknowledged as a crucial necessity for the performance of SMEs and are considered a fundamental determinant of their success, according to resource-based theory . , – The data for this study were collected through a private survey. A firm's performance is divided into two main areas: operational performance and financial performance. were: What was the effect of corporate governance on financial performance in the SMEs in Kenya, the effect of human resource capacity on financial performance of SMEs and the influence of access to financing on financial performance of SMEs? A descriptive research design was adopted for this study. Nov 25, 2019 · Often financially excluded by the traditional banking system, small and medium-sized enterprises (SMEs) in many developing countries have found in mobile money services (MMS) a sustainable alternative. 0. 1. These differences lead to different responses, which might contribute to the different effect of financial literacy on SMEs performance. This review filled this information gap by examining the effect of financial access, quality, Use and service delivery on the financial performance of SMEs in Mombasa County. Furthermore, the results show that structural capital is positively associated with long-term SME financial performance. The results show that organizational culture (mission dimension) and strategic risk Jan 1, 2008 · Darmasanti (2013); Camisón and Villar-López (2014) and Chong (2008) (for example, market share and customer satisfaction), SME performance could be measured in various ways such as financial budgeting; financial performance; SMEs; listed firms; investment decisions SUBJECTS Finance; Business, Management and Accounting; Economics 1. Digital inclusive finance can play Mar 8, 2021 · PDF | On Mar 8, 2021, Dzuljastri Abdul Razak and others published Factors that Determine Financial Performance of SMEs in Malaysia | Find, read and cite all the research you need on ResearchGate Nov 1, 2022 · Two of the most important aspects of a company’s performance are financial and non-financial (Seo and Lee, 2019). 14 No. Financial resources are crucial for a firm to facilitate its growth, development, and innovation [ 17 ]. Financial knowledge has a positive impact on SMEs’ performance. Past studies have shown inconclusive evidence of the relationship be-tween financial literacy and SME performance. Sharia fintech, human resource capacity, business The study revealed that only (32) percent from SMEs kept track of Cash Receipts and payment. May 22, 2021 · However, there is a need to validate the financial literacy and SME performance relationship in the Malaysian environment due to differences in culture; ways of thinking; and legal, business, and May 23, 2022 · There are several concepts that are used in measuring firm performance, i. Operational performance is usually measured as a set of several dimensions that reflect the internal operations of an organization in terms of the elements of the product, process quality, efficiency, and productivity. 8%. 83/2014 offering Guidelines for the licensing of SMEs, Presidential Regulation No. Sep 21, 2019 · Corporate governance has become a strategic issue in small and medium enterprises (SMEs) in Kariba. To find out the relationship between financial skills training and financial H4. This paper investigates determinants of FP among Ghanaian SMEs. Performance measurement for SMEs falls into two categories: financial and non financial measures. conclude that behavioral finance influences the performance of SMEs and below will be the hypothesis. To establish the influence of provision of credit facilities on the financial performance of SMEs in Kisumu County, Kenya 2. Introduction Mar 1, 2024 · The study analysed the impact of financing patterns (FPs) on the financial performance of 226 listed small and medium enterprises (SMEs). Keywords SMEs, Financial Culture, Financial Performance 1. INTRODUCTION Accounting systems play a critical role in the success of the business organization, as they Jurnal Keuangan dan Perbankan 807 SMEs stay productive. May 11, 2021 · The financial performance of SMEs is generally measured by financial performance indicators like profitability, return of assets, investment and equity, the market value of the firm, liquidity and Mar 10, 2022 · The purpose of this paper is to investigate how chief executive officer (CEO) gender relates to financial performance in small and medium enterprises (SMEs) in a Latin American emerging economy like Chile. 2/2015 on National Mid-term Development Plan (formulating National Mid-term Development Plan 2015 Aug 8, 2023 · Owners and managers of small and medium-sized enterprises (SMEs) have changed their perspective on risk management due to the current global negative threats in the business environment. After reviewing the various research papers, the authors have insignificant while correlation linking micro savings and financial performance of SMEs in Nairobi County was also positive and insignificant. Dec 7, 2023 · There is an influence of technology adoption on the performance of women's SMEs. 003 which is lower than 0. Oct 12, 2020 · This study investigates the link between corporate social responsibility (CSR) and the performance of small and medium enterprises (SMEs) and the mediating role of firm reputation from a The results reveal that human and relational capitals appear to be key elements that enhance the basis of service quality for the SME. H5. Employing a survey data set of 238 SMEs, multiple regression analysis was performed to determine the extent to which each firm-specific characteristic and industry impact FP. Significant relationships have been Sep 28, 2022 · the fact that SMEs having better financial performance lower export barri-ers including sunk costs. Financial performance is related to the results Jul 1, 2019 · Financial ecosystem for SMEs in Pakistan is not friendly and one-size fits all rules and regulations may not suffice the financing needs of SMEs in Pakistan. Mar 1, 2022 · Figure 4 shows the relationship model of sharia fintech, product marketing, human resources capacity, business diversification and SMEs productivity, financial performance and SMEs business sustainability. Despite its potential in propelling inclusive growth, the use and adoption of mobile money (MM) by SMEs has generally been low in developing countries, and one of the reasons has been limited Mar 1, 2024 · Small and medium-sized enterprises (SMEs) play an essential role in promoting economic growth by providing employment opportunities and driving innovation (Acs et al. Nov 9, 2023 · Financial performance is critical in evaluating key performance indicators such as profitability, liquidity, and market share, and it is contingent upon the success of local and international businesses (Amoah et al. Sep 28, 2012 · – The purpose of this paper is to investigate the impact that ownership structure and board composition have on financial performance in a sample of Finnish small to medium‐sized enterprises (SMEs). The direct influence of financial literacy on SME performance is not supported. , 2018), such as tar- of a framework lies in the way how it takes into account different areas of performance: financial and non-financial performance, as well as internal and external performance [20]. 0 INTRODUCTION This study focuses much on Corporate Governance and financial performance in SMEs: A case of the Kapenta Industry in Kariba. Oct 25, 2018 · The financial performance is the oldest performance type, it was used to judge the enterprise’s [Show full abstract] business operations that add difficulty for SMEs to achieve their Jan 18, 2023 · Our paper takes the sample of listed companies from Shanghai and Shenzhen A-share SMEs and then theoretically analyzes and empirically tests the impact of digital inclusive finance on the financial performance of SMEs. The population of the study consist of 115 selected SMEs located Jan 1, 2017 · Small and Medium-Sized Enterprises (SMEs) play a crucial role in the economic transformation of developing nations, addressing various challenges such as unemployment, poverty, and food security. JEL Classification . The study concluded that cash management practices have influence on the financial performance of SMEs. Extant literature showed To do this, we normalized the financial performance of the sample SMEs – analyzing whether each firm in the sample over- or under-performed a set of "non-lean" competitors with regards to the above metrics – and transformed each dependent variable into an index number highlighting the differential performance of each company compared with a Jan 1, 2024 · This study investigates the mediating influence of financial knowledge and organizational culture on financial behaviour and SME performance. SMEs must reduce logistic costs and maintain In light of the gap, predominantly the absence of specific study on the financial factors affecting the financial performance, establishing the effect of financial ratios on financial performance of Philippine MSMEs, the structure explaining the variance among these financial ratios into factors and the cluster separating these financial ratios. This systematic literature review aims to examine the role of digital banking and the development of a sustainable financial environment in enhancing the financial performance of Small and Medium-sized Enterprises (SMEs). Competitive advantage was found to partially mediate the impact of CSR and financial performance (SMEs). 7 SMEs Performance and operating profit growth rate 50 . From the perspective of lean philosophy, some researchers argue that lean practices allow various internal functions to work collaboratively and achieve operational improvements such as higher quality, lower energy consumption, higher throughput, and shorter lead times, thus increasing profitability (Kroes et Jan 1, 2015 · Then, Muslimin et al. Firm size, age, liquidity, sales growth (SG), and asset tangibility (AT) are treated as firm-specific control variables. Among financial management practices, working capital management practices Small and medium-sized enterprises (SMEs) represent a major pillar of the Algerian economy, accounting for 99. In terms of financial success, performance measures can be based on return on profits, investment, turnover or number of customers (Wood, 2006). , Citation 2023), One of these strategies is sustainable digital transformation through the measures of financial performance. Dec 12, 2022 · This paper responds to the lack of empirical evidence on how enterprise risk management (ERM) and the financial performance of small and medium-sized enterprises (SMEs) are related. ,Innovative capabilities and strategic goals in SMEs and their influence on financial performance were recognized and briefly debated according to the existing NICE Research Journal, Vol. Conclusion: The study has implications at Nov 16, 2023 · Financial performance has been the beckon of growth of most SMEs worldwide as such there is a growing need to improve small and medium-sized enterprises’ (SMEs) reputation to gain more Jun 13, 2022 · Results: The findings indicated that Shariah disclosure on financing found to have significant relationship on the financial performance of SMEs. Ownership concentration (promoters' holding) and information disclosures measure corporate governance in this examination. Dec 1, 2021 · Micro, small and medium enterprises (MSMEs) are considerably contributory to social and economic progress and prosperity through their entrepreneurial capacities and capabilities. This Financial performance is key to every firm’s growth and survival as finance serves as which firm-specific factors and industry influence firm performance among unlisted SMEs, unlike most May 30, 2023 · The research findings show that financial literacy had a positive direct effect on financial performance (β = . Aug 1, 2016 · FPMs are regarded as traditional measures that lead to sustainability of a firm, hence they need to be properly managed and controlled. This paper reports the extent to which SMEs recognize the Financial performance (FP) is important to every firm, especially SMEs, but FP determinants are debatable. Financial behavior has a positive impact on SMEs’ performance. 5 SMEs performance and number of delivery on time 48 . To determine the effect of savings mobilization on the financial performance of SMEs in Kisumu County, Kenya 3. The study conducted by Dai et al. SME’s performance will help the research as . Nevertheless, positive relationships are observed with regards to return on equity, long-term debt-to-equity and size. Jul 17, 2019 · SMEs’ performance can be understood from a quantitative perspective: efficiency, financial results, level of production, number of customers (Anggadwita & Mustafid, Citation 2014), market share, profitability, productivity, dynamics of revenues, costs and liquidity (Gupta & Batra, Citation 2016; Zimon, Citation 2018), etc. 3 million people. Non-financial performance pertains to the performance of a company that cannot be characterised in terms of financial worth and is contrasted with FPER, which refers to the performance of a company that can be quantified in the form of money value and financial activities (Nguyen Jun 29, 2023 · In the contemporary competitive business milieu, small and medium enterprises (SMEs) have discerned the significance of embracing the digital landscape to cater to the ever-evolving global effect of financial literacy on SME performance is explained. Dec 1, 2018 · Investing the drivers of SMEs' performance is crucial for emerging countries for the reason that the policy implications are of great significance to governments working to promote financial access for SMEs as they understand the paramount role that SMEs play in their nations’ economic development. significant effects on AIS alignment. Keywords: Financial Assistance, SMEs Performance. The digital transformation and its effects on financial performance (SMEs) In current times, SMEs from different regions are betting on the use of new technologies through innovative strategies that lead them to digital transformation for their growth and financial sustainability (Kumar et al. It was developed by carefully selecting and confirming the most influential factors in SMEs’ performance literature using systematic literature review and expert verification methods. SME financial performance refers to assessing how well SMEs manage their financial resources and achieve Dec 22, 2018 · Financial performance, N on-financial performance, Small and medium enterprise, Measurement models . Aug 5, 2020 · The discussions and implications of this research contribute to the SME sector as it is proved to be able to increase SMEs’ innovation, learning orientation, SMEs’ performance and competitive Apr 20, 2022 · It has been suggested that financial literacy plays a crucial role in the understanding of the overall performance of small and medium-sized enterprises (SMEs). Apr 23, 2021 · For every business in the private and public sector, there are many models that can be used to describe how well the business is functioning. 20/2008 (defining SMEs and explaining governments’ obligation to promote SMEs), Ministry of Home Affairs Regulation No. zsdc dtr wjqle glhtn aolwa ngov udxwn ghbmx qhlbbz mou