Current Issue : July - September Volume : 2017 Issue Number : 3 Articles : 5 Articles
The objective of this paper is to propose taxonomy of the manufacturing Tunisian SMEs in\nterms of the commitment levels in the Entrepreneurial Orientation (EO). We are trying to\npresent a better explanation for the heterogeneity of the performance levels achieved by the\nTunisian companies, especially in this economic and social situation of crisis facing the country\nin the last few years. In order to prove this, weââ?¬â?¢ve mobilized a taxonomic approach and adopted\na quantitative approach based on a questionnaire which was administered near the business\nmanagers of 110 Tunisian industrial small and medium-size companies. Our obtained empirical\nresults demonstrate that the configurations deduced from the quantitative analysis are strongly\ndistinct from each other. Thus, the various levels of EO which we have released ensure the\ndiscrimination between the various classes of the surveyed companies. Three configurations\nemerge from this study, they are: Configuration 1: ââ?¬Å?The audaciousââ?¬Â, configuration 2: ââ?¬Å?The\ntentativistsââ?¬Â and configuration 3: ââ?¬Å?The temporizingââ?¬Â....
This paper investigates the criteria used by loan officers at Bank Al Tanmeya when assessing\nSMEs loan applications and the most frequent reasons that lead to turn these applications\ndown. To achieve this, a qualitative research method was adopted. The data were gathered\nusing semi-structured interviews with loan officers at the bank. The results show that the\nability to provide collateral and good business plans alongside the profitability of the\nbusiness are very important. Other criteria such as the applicants� credit history, their\nbusiness experience and the type of business activity are also important. Further, the results\nindicate that SMEs loan applications are generally rejected on the ground that they are not\nrobust enough from the bankers� viewpoint. While lack of collateral is the most frequent\nreason, other reasons include weaknesses in business plan, concerns about the loan\nrepayment, and doubts about the viability of business ventures. These results have the\nability to increase awareness and broaden understanding of the factors that may affect\nSMEs access to bank loans from a supply side perspective....
Working capital management is very important in measuring and balancing between risk and efficiency of firm�s\nperformance. Firms has experienced various trend in ensuring the survival of the business in short and long term.\nThis study measures the impact of working capital management on small and medium enterprises' performance in\nNigeria, Osun State as a focus area for the period 2010-2014 by using firm by firm statement of financial position and\nincome statement. This is done by calculating return on assets as a tool to measure firms' performance in Nigeria.\nData were analysed using ordinary least square method to test the hypothesis formulated. Our findings indicate a\nmixed effect of WCM on performance. It was concluded that account payables period, cash conversion cycle and net\ntrading cycle has positive effect on performance. Account receivables period and inventories turnover in days has\nnegative relationship with performance....
The purpose of this paper is to explore empirically the effects of size asymmetry between\nSmall and Medium-sized Enterprises (SMEs) and Multinational Corporations (MNCs) on the\nperformance of these companies in an alliance. We analyze the effects of this asymmetry on\nalliance performance, both direct effects and indirect ones related to trust from the\nperspective of ten French SMEs operating in the aircraft manufacturing industry. The\nprevious findings suggest a negative relationship between size asymmetry and\nperformance. Our empirical results reveal that size asymmetry between partners has\ndifferent direct and indirect effects on performance. These effects depend on the specific\ndimension of performance under consideration. We observe for example that size\nasymmetry has no negative direct and indirect effects on financial performance and\norganizational learning of the SME. In addition, we find that there is a direct and significant\nnegative influence of size asymmetry on relational performance....
The key role of enterprises in the intensification of economic growth of each country causes that\nthe subject of the development of the corporate sector becomes one of the most important\nissues in the economic literature. The special importance is therefore assigned to identifying\nand analysing the influence of development determinants and conditions and their intensity on\neconomic businesses. However, the business environment is even more and more complex and\nchangeable, the constant analysis of the enterprise development issue, especially according to\nSMEs, is highly required. The main aim of the paper is, after the detailed literature review\ndescribing conditions and determinants of the development of enterprises, to evaluate selected\ndeterminants connected with carrying out business activity that influence the development of\nmicro-, small and medium enterprises from Poland. To realize the aim, there was the\nquestionnaire survey conducted on a group of 250 SMEs in 2016. The authors have used basic\nstatistics and Gamma correlation coefficient to present relationships between research\nvariables....
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