Financial Management and Its Barriers on Smes in Selected Developing Countries: A Systematic Literature Review Approach DOI Open Access

Aklilu Assefa Adato,

Henry Onsare

International Journal of Finance and Banking Research, Journal Year: 2024, Volume and Issue: 10(3), P. 53 - 63

Published: Sept. 23, 2024

Small and medium enterprises (SMEs) are an important strategic sector major economic driver for many countries in the world, particularly low-income countries, including Ethiopia. However, this has been facing various challenges to achieving performance growth sustainability of which financial management system is indicative constraint. Thus, write-up attempts determine existing practices their associated barriers that affect soundness SMEs developing countries. The specific objectives review tries achieve were know extent practice among selected countries; synthesize gain insight into gaps study future research direction develop a conceptual framework. A descriptive design with qualitative approach employed; secondary sources data used collected from published articles 2020 2024. Eleven (11) articles, two (2) MA theses, one (1) PhD thesis purposefully. meta-analysis adopted investigate patterns empirical findings. Besides, literature result showed systems by poor. In addition, reviewed indicates lack adequate literacy both managers owners. found geographical scope gap methodology gap. majority studies conducted on did not include all components. Based above-mentioned findings, concluded recommended operating Ethiopia, should manage finances poor manner due inadequacy skills owners managers. Therefore, shall be improved through conferences, workshops, training programs. Moreover, basic subjects need included lower-level education curriculum African countries’ ministries education. Further, revealed most methodology, dropped proxy variables, so forthcoming researchers could do better these predetermined Ethiopian context.

Language: Английский

Procurement performance improvement through adoption of e-procurement: a study of small and medium enterprises DOI Open Access
Molebaleso Lydia Ntshingila

EUREKA Social and Humanities, Journal Year: 2025, Volume and Issue: 1, P. 24 - 35

Published: Jan. 31, 2025

Procurement serves as the backbone of any company's operation, fuelling its acquisition goods and services necessary for daily functions. In developing countries, innovative technology's application in procurement has become important within both management information technology infrastructure. Enhanced internet access modern technologies propel growth SMEs by facilitating faster easier transactions, expanding their reach to clients customers. However, South African face challenges barriers adopting e-procurement, due lack knowledge impacting performance. Given crucial role e-procurement SME success gap Africa, this study investigates relationship between performance implementation practices, considering quality competitiveness factors these businesses. This employed a quantitative research design, utilising survey questionnaire, administered 186 owners or managers. A data analysis was conducted two complementary stages: first, SPSS 29.0 facilitated confirmatory factor validate measurement model, then AMOS 29.0, which enabled structural equation modelling (SEM) assess proposed model's fit evaluate statistical significance hypothesised relationships. The results show that practices are statistically significant predicting Africa. Over 60 % still lagging basic digital tools e-commerce. Their technological lag, often financial constraints, hinders ability effectively market products and/ services. Hence, it is enhance marketing through effective can not only boost sales but also strengthen customer engagement brand awareness.

Language: Английский

Citations

0
The Use of Financial Tools in Small-Scale Irrigated Crops to Assess Socioeconomic Sustainability: A Case Study in Tocantins-Araguaia Basin, Brazil DOI Open Access
Gabriel Browne de Deus Ribeiro, Maria das Dôres Saraiva de Loreto, Edna Lopes Miranda

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(5), P. 1835 - 1835

Published: Feb. 23, 2024

To expand financial knowledge and promote the socioeconomic sustainability of agricultural production systems, this work applied instruments to small-scale irrigated crops, making use projects from Bom Sucesso/Santa Cruz Settlement, located in Tocantins-Araguaia basin, Brazil. The economic viability indicators two okra systems (furrow drip) were calculated using following indicators: Net Present Value, Modified Internal Rate Return, Cost–Benefit Index, Discounted Payback, Average Cost Production. And a risk assessment through sensitivity analysis, tornado chart, Monte Carlo simulation was performed simplified model. results showed that both economically viable, although drip system had lower reduced resilience, with 58% probability success, while furrow system’s 89%. crops’ return mainly influenced by okra’s sale price productivity, followed harvesting planting costs. tools study demonstrated some key factors assess sustainability, such as necessity increase producers’ organizational capacity achieve technical improvements, which could result market power, competitive prices, input costs, greater productivity. increased management have potential build social strength area they can be replicated for producers, companies, policy makers.

Language: Английский

Citations

4
PELATIHAN PERPAJAKAN DAN PENYUSUNAN LAPORAN KEUANGAN BERBASIS ANDROID “LAMIKRO” UNTUK MENINGKATKAN PENGETAHUAN DAN KETRAMPILAN UMKM DOI Open Access
Nur İndah Riwajanti,

Kartika Dewi Sri Susilowati,

Widi Dwi Ernawati

et al.

JMM (Jurnal Masyarakat Mandiri), Journal Year: 2024, Volume and Issue: 8(2), P. 2443 - 2443

Published: April 3, 2024

Abstrak: UMKM memiliki keterbatasan dalam memahami peraturan perpajakan terbaru khususnya pajak serta kurang ketrampilan menyusun laporan keuangan. Tujuan kegiatan Pengabdian Pada Masyarakat (PPM) ini adalah meningkatkan pengetahuan tentang dan menggunakan aplikasi penyusunan keuangan berbasis Android yaitu LAMIKRO. Kegiatan dilakukan bentuk pelatihan pada 20 orang pemilik binaan Lembaga Zakat YASA Malang. Berdasarkan hasil analisis kuesioner kepuasan dari peserta, mampu tingkat yang tinggi terhadap PPM sisi metode (69,23%), materi (61,54), manfaat (92%). Pelatihan juga berhasil menumbuhkan antusiasme mereka untuk memanfaatkan (81%) melaporkan (19%).Abstract: Micro, Small, and Medium Enterprises (MSMEs) face challenges in understanding the most recent tax legislations, particularly area of taxation, lack proficiency generating financial statements. The objective this Community Service initiative is to enhance taxation utilising Android-based report preparation application, workshop was conducted support MSME owners, facilitated by Based on results satisfaction questionnaire analysis from participants, training able increase high level with activities terms methods (69.23%), materials (61.54%), benefits programme also effectively cultivated their excitement utilise outcomes for purpose preparing reports reporting taxes (19%).

Citations

1
Exploring Financial Management Practices and Firm’s Competitiveness: Evidence from Ghana Club 100 Firms DOI Creative Commons

Jane Arthur-Sam,

Hamid R. Seddighi,

Augustus E. Osseo‐Asare

et al.

International Journal of Applied Research in Business and Management, Journal Year: 2024, Volume and Issue: 5(2)

Published: July 1, 2024

Ghana Club 100 was established by the Investment Promotion Centre (GIPC) to acknowledge top performing firms in and enhance firm competi-tiveness economic growth. The paper aims explore how financial management practices influence competitiveness of listed on 100. This study adopted a sequential mixed research design comprising questionnaire from 80 an interview guide gather data 10 selected companies. Data analyzed using SPSS descriptive statistics NVivo software used thematically analyze transcripts. findings identified five relating accounting information system, capital structure, budgeting, working reporting, which are deemed critical performance terms health, growth operational efficiency Ghana. Although generalizability is limited small sample size, can be applied improve companies Future critically evaluate effectiveness practices.

Language: Английский

Citations

1
Agri-SME Managers' Perception of Financial Management Practices in Tanzania DOI Creative Commons
Kulwa Mwita Mang'ana,

Silver John Hokororo,

Daniel Ndyetabula

et al.

Scientific African, Journal Year: 2024, Volume and Issue: unknown, P. e02405 - e02405

Published: Sept. 1, 2024

Language: Английский

Citations

1
Bankruptcy forecast analysis: empirical study of the manufacturing subsector of Norte de Santander, Colombia DOI Open Access
José Andrés Bayona Soto, Genny Torcoroma Navarro Claro

Sylwan, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 1, 2024

The study \"Bankruptcy Forecast Analysis in the Manufacturing Subsector of Norte de Santander, Colombia (2015 – 2022)\" offers an empirical evaluation financial stability this region, using capital structure theory Modigliani and Miller Altman Z-Score model for bankruptcy risks as a theoretical foundation. Through quantitative approach that includes time series analysis, internal external factors affect competitiveness subsector are analyzed. research highlights contributions limitations real practices, discusses integration advanced technologies such artificial intelligence to fine-tune risk predictions. Using purposeful sampling documentary patterns identified business solvency is assessed, providing detailed view sector\'s resilience face economic challenges. This provides valuable insights those interested sustainability manufacturing sector, highlighting importance adapting management strategies regional particularities. Its contribution specialized literature lies offering updated perspective on forecasting adapted specific context Colombian emerging economy.

Language: Английский

Citations

0
The Best of Both Worlds: How Financial Growth Can Engender Improved Sustainability for Businesses DOI Open Access
Ibrahim Mutambik,

Abdullah Almuqrin

Sustainability, Journal Year: 2024, Volume and Issue: 16(11), P. 4821 - 4821

Published: June 5, 2024

In recent decades, the increasingly competitive marketplace that has resulted from factors such as globalization and technological innovation made it ever harder for businesses to deliver economic sustainability. At same time, pressure on achieve maintain environmental sustainability also grown significantly. This study examines influence sustainability, relationship of extent which these two ultimately affect financial growth. order this, this analyses results 342 questionnaires completed by managers manufacturing companies within Saudi Arabia’s small medium enterprises (SMEs) sector. analysis, using structural equation modeling, showed inclination, customer centricity, supplier relationships, network maturity, strategic agility all have significant effects shows a impact positively adds current literature demonstrating an explicit association with well positive between The findings contribute showing direct both practical terms, will help SMEs develop business strategies drive performance provide useful insights policymakers institutions looking support Vision 2030 aims encouraging funding mechanisms better performance.

Language: Английский

Citations

0
Financial Management and Its Barriers on Smes in Selected Developing Countries: A Systematic Literature Review Approach DOI Open Access

Aklilu Assefa Adato,

Henry Onsare

International Journal of Finance and Banking Research, Journal Year: 2024, Volume and Issue: 10(3), P. 53 - 63

Published: Sept. 23, 2024

Small and medium enterprises (SMEs) are an important strategic sector major economic driver for many countries in the world, particularly low-income countries, including Ethiopia. However, this has been facing various challenges to achieving performance growth sustainability of which financial management system is indicative constraint. Thus, write-up attempts determine existing practices their associated barriers that affect soundness SMEs developing countries. The specific objectives review tries achieve were know extent practice among selected countries; synthesize gain insight into gaps study future research direction develop a conceptual framework. A descriptive design with qualitative approach employed; secondary sources data used collected from published articles 2020 2024. Eleven (11) articles, two (2) MA theses, one (1) PhD thesis purposefully. meta-analysis adopted investigate patterns empirical findings. Besides, literature result showed systems by poor. In addition, reviewed indicates lack adequate literacy both managers owners. found geographical scope gap methodology gap. majority studies conducted on did not include all components. Based above-mentioned findings, concluded recommended operating Ethiopia, should manage finances poor manner due inadequacy skills owners managers. Therefore, shall be improved through conferences, workshops, training programs. Moreover, basic subjects need included lower-level education curriculum African countries’ ministries education. Further, revealed most methodology, dropped proxy variables, so forthcoming researchers could do better these predetermined Ethiopian context.

Language: Английский

Citations

0