Small Business International Review最新文献_第2页

Managerial concentration, ownership concentration, and firm value: Evidence from Spanish SMEs 管理层集中度、股权集中度与企业价值:来自西班牙中小企业的证据

Small Business International Review Pub Date : 2023-03-07 DOI: 10.26784/sbir.v7i1.541

Leslie Rodríguez-Valencia, Prosper Lamothe Fernández

{"title":"Managerial concentration, ownership concentration, and firm value: Evidence from Spanish SMEs","authors":"Leslie Rodríguez-Valencia, Prosper Lamothe Fernández","doi":"10.26784/sbir.v7i1.541","DOIUrl":"https://doi.org/10.26784/sbir.v7i1.541","url":null,"abstract":"Various corporate governance theories indicate that governance in small and medium-sized enterprises (SMEs) differs to that of larger corporations due to the ownership-management function within the organizational structure. This article provides empirical evidence of enhanced firm value in a sample of listed SMEs resulting from certain corporate governance mechanisms related to managerial and ownership concentration. The empirical analysis conducted in this paper is based on a panel data set consisting of 108 small and medium-sized public firms on the Spanish alternative stock exchange over a time frame of five years (2015-2019). The results suggest that CEO duality, the controlling shareholders, and the second largest shareholders all improve firm value. Conversely, the ratio of independent directors has a negative impact on firm value. These findings are robust to alternative model specifications such as dynamic panel estimators (Generalized Method of Moments -GMM-) and instrumental variable methods. Overall, we show that the governance configuration of listed SMEs can mitigate several of the central issues, such as agency problems, that large corporations face.","PeriodicalId":153561,"journal":{"name":"Small Business International Review","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129574727","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The effects of organizational learning and entrepreneurial orientation on the corporate performance of Argentinean, Mexican, and Ecuadorian MSMEs 组织学习和创业导向对阿根廷、墨西哥和厄瓜多尔中小微企业绩效的影响

Small Business International Review Pub Date : 2023-03-07 DOI: 10.26784/sbir.v7i1.503

Nicolás Salvador Beltramino, L. Valdez-Juárez, Juan Marcelo Ingaramo, Lilia Carina Gazzaniga, Natalia Andrea Beltramino

{"title":"The effects of organizational learning and entrepreneurial orientation on the corporate performance of Argentinean, Mexican, and Ecuadorian MSMEs","authors":"Nicolás Salvador Beltramino, L. Valdez-Juárez, Juan Marcelo Ingaramo, Lilia Carina Gazzaniga, Natalia Andrea Beltramino","doi":"10.26784/sbir.v7i1.503","DOIUrl":"https://doi.org/10.26784/sbir.v7i1.503","url":null,"abstract":"The aim of this study is to analyze the effects of Organizational Learning (OL) and Entrepreneurial Orientation (EO) on the profitability of MSMEs. To this end, field research was conducted on a sample of 1,620 companies located in Argentina (630), Mexico (550), and Ecuador (440). The data collection was carried out between May and September 2020, through a structured questionnaire addressed to the highest level of the company. The results were analyzed and validated using the partial least square (PLS) structural equation modeling (SEM) statistical technique. This work contributes to the development of the literature on dynamic capabilities, social capital theory, and stakeholder theory. Our results reveal that Entrepreneurial Orientation is a determinant variable for generating better Environmental Corporate Social Responsibility (ESCR) practices and is key to increasing the financial profitability of MSMEs. Furthermore, it is found that ESCR is a variable that partially mediates between EO and the Performance of MSMEs.","PeriodicalId":153561,"journal":{"name":"Small Business International Review","volume":"90 9 Pt 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122508167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Whistleblowing in small and large accounting firms in Brazil 巴西大大小小的会计师事务所的举报

Small Business International Review Pub Date : 2022-12-20 DOI: 10.26784/sbir.v6i2.502

J. Sallaberry, Isabel Martínez-Conesa, L. Flach

引用次数: 0

Does employee management influence the continued use of telework after the COVID-19 pandemic? 员工管理是否会影响COVID-19大流行后远程办公的持续使用?

Small Business International Review Pub Date : 2022-12-15 DOI: 10.26784/sbir.v6i2.537

Inés González-González, M. P. Martínez-Ruiz, J. Clemente-Almendros

引用次数: 1

The relationship between formalization of HRM function and HRM intensity in SMEs: An empirical investigation in Sri Lanka 中小企业人力资源管理功能正规化与人力资源管理强度的关系:斯里兰卡的实证调查

Small Business International Review Pub Date : 2022-12-12 DOI: 10.26784/sbir.v6i2.529

V. Wickramasinghe

引用次数: 1

How founder-entrepreneurs from Chinese high-tech SMEs assess market risks and explore new opportunities for growth and survival during COVID-19 中国中小科技型创业者如何在新冠疫情期间评估市场风险，探索新的发展和生存机遇

Small Business International Review Pub Date : 2022-09-28 DOI: 10.26784/sbir.v6i2.504

Yanzhi Huang, B. Baruah, A. Ward

{"title":"How founder-entrepreneurs from Chinese high-tech SMEs assess market risks and explore new opportunities for growth and survival during COVID-19","authors":"Yanzhi Huang, B. Baruah, A. Ward","doi":"10.26784/sbir.v6i2.504","DOIUrl":"https://doi.org/10.26784/sbir.v6i2.504","url":null,"abstract":"Founder-entrepreneurs in SMEs tend to have an active role in shaping the business and the direction and management of their innovation strategies. During COVID-19, their understanding of risks and approach towards decision making has become very crucial as the market sensitivity changed drastically with various levels of challenges such as travel restrictions, national lockdown, reduced market demand and operational uncertainty. So far, there are very limited studies on the role of the founder-entrepreneurs from Chinese high-tech software SMEs in managing the business risks from the pandemic. This paper will address some of these gaps by presenting case studies of 9 successful high-tech software SMEs in China and discuss how their founder-entrepreneurs have engaged with the market, identified COVID-19 related risks and how they have made critical decisions to survive and explore new market opportunities for growth. As part of a longitudinal study, in-depth interviews were conducted with the founder-entrepreneurs at various stages of the pandemic to explore their progress with the business operation and management. The paper will discuss the role of the founder-entrepreneurs from SMEs in risk analysis and decision-making. It makes an important contribution to the growing literature on Chinese SMEs, and COVID-19.","PeriodicalId":153561,"journal":{"name":"Small Business International Review","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114950558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Understanding how digital transformation can enable SMEs to achieve sustainable development: A systematic literature review 理解数字化转型如何使中小企业实现可持续发展:系统的文献综述

Small Business International Review Pub Date : 2022-05-31 DOI: 10.26784/sbir.v6i1.473

Simon P. Philbin, Radhakrishnan Viswanathan, A. Telukdarie

{"title":"Understanding how digital transformation can enable SMEs to achieve sustainable development: A systematic literature review","authors":"Simon P. Philbin, Radhakrishnan Viswanathan, A. Telukdarie","doi":"10.26784/sbir.v6i1.473","DOIUrl":"https://doi.org/10.26784/sbir.v6i1.473","url":null,"abstract":"Small and medium-sized enterprises (SMEs) are key drivers of economic growth and development. Innovation through digital transformation has the capacity to enable sustainability, competitiveness and customisation in products and services. However, adoption of digital technologies by SMEs to underpin sustainability outcomes is poorly understood. A systematic literature review identified an initial dataset of 1300 articles, which after screening and application of exclusion criteria resulted in a dataset of 64 articles for synthesis. Analysis was carried out according to three main areas, namely the technology aspects of digital transformation, sustainable development according to the triple bottom line (i.e. economic, environmental and social aspects), and the business characteristics of SMEs. In the latter case, business strategy and management, organizational structure, organizational culture, skills and qualifications, and leadership factors are identified from the literature. Furthermore, literature expressing the triple bottom line dimensions and the type of Industry 4.0 technology areas adopted are synthesized. Correlation of the data through bibliographic analysis is provided on the type of technology enabling SMEs towards a pathway for sustainable development as well as synthesis of future research directions arising from the study.","PeriodicalId":153561,"journal":{"name":"Small Business International Review","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128453440","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 11

Does informal finance matter for micro and small businesses in Africa? 非正式金融对非洲的微型和小型企业重要吗?

Small Business International Review Pub Date : 2022-03-14 DOI: 10.26784/sbir.v6i1.415

S. Mago, F. Modiba

{"title":"Does informal finance matter for micro and small businesses in Africa?","authors":"S. Mago, F. Modiba","doi":"10.26784/sbir.v6i1.415","DOIUrl":"https://doi.org/10.26784/sbir.v6i1.415","url":null,"abstract":"Globally, micro and small businesses require finance to support their business activities. Most of them have low profits because of the lack of support from the formal financial system. Micro and small businesses in developing countries have a dire need for financing start-ups and existing business operations. The lack of support from the formal financial system and the government forces them to explore other financial support mechanisms, making it important to investigate alternative financial channels. This paper investigates whether informal finance matters for micro and small businesses. We used a systematic literature review to answer the predetermined research question. Thirty (30) primary studies were surveyed to establish the importance of informal finance for micro and small businesses. The findings show that informal finance is a workable alternative for micro and small businesses. It supports business start-ups, existing businesses and enhances business growth, business owners’ livelihoods and livelihoods in their communities. Informal finance models can be improved to work as small business promotion tools. The original value of the paper is based on the use of a systematic literature review to assess whether informal finance matters for micro and small businesses and connect theories with emerging themes. It further contributes to the debates on the importance of informal finance and contributes to future lines of research on informal finance.","PeriodicalId":153561,"journal":{"name":"Small Business International Review","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115614374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Determinants of the capital structure of small and medium enterprises: Empirical evidence in the public works and hydraulics sector from Algeria 中小企业资本结构的决定因素:阿尔及利亚公共工程和液压部门的经验证据

Small Business International Review Pub Date : 2022-02-04 DOI: 10.26784/sbir.v6i1.408

Ishaq Hacini, Khadra Mohammedi, Khadra Dahou

引用次数: 5

Determining factors in MSMEs success: An empirical study in Mexico 中小微企业成功的决定因素:墨西哥的实证研究

Small Business International Review Pub Date : 2022-01-10 DOI: 10.26784/sbir.v6i1.384

Rubén Molina-Sánchez, Domingo García‐Pérez‐de‐Lema, A. López-Salazar, Roberto Godínez-López

引用次数: 6