How Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?

Small and medium enterprises (SMEs) is a important contribution to boost the economies overall the world. In fact, SMEs always struggle to access the financing compared list company. There are several factors influence the capital structure decision in SMEs. This study focuses on manufacturing SMEs...

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Autores principales:	Chin Kuah Yoke, Zakaria Zuriawati, Keong Choong Chee
Formato:	article
Lenguaje:	EN FR
Publicado:	EDP Sciences 2021
Materias:	firm characteristics manufacturing sme financing Social Sciences H
Acceso en línea:	https://doaj.org/article/29c9f224a6a147d59881520d2f2f2021
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id	oai:doaj.org-article:29c9f224a6a147d59881520d2f2f2021
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spelling	oai:doaj.org-article:29c9f224a6a147d59881520d2f2f20212021-12-02T17:15:22ZHow Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?2261-242410.1051/shsconf/202112404003https://doaj.org/article/29c9f224a6a147d59881520d2f2f20212021-01-01T00:00:00Zhttps://www.shs-conferences.org/articles/shsconf/pdf/2021/35/shsconf_icmesh2020_04003.pdfhttps://doaj.org/toc/2261-2424Small and medium enterprises (SMEs) is a important contribution to boost the economies overall the world. In fact, SMEs always struggle to access the financing compared list company. There are several factors influence the capital structure decision in SMEs. This study focuses on manufacturing SMEs companies and examines the influence of firm characteristics (firm size, tangible asset, liquidity, profitability and firm growth) on capital structure towards technology improvement. The results showed only liquidity and firm growth were found to be positive significantly affect the external financing. Furthermore, internal and external financing also able improve the manufacturing’s technology performance. Conclusion, different firm characteristics have different leverage privileges which trying to attain optimal capital structure. The variations in the capital structures affect the costs of equity or debt and cost of capital. This study provides benchmarks for corporate managers in SMEs when making a company’s decision on the company’s performance.Chin Kuah YokeZakaria ZuriawatiKeong Choong CheeEDP Sciencesarticlefirm characteristicsmanufacturingsmefinancingSocial SciencesHENFRSHS Web of Conferences, Vol 124, p 04003 (2021)
institution	DOAJ
collection	DOAJ
language	EN FR
topic	firm characteristics manufacturing sme financing Social Sciences H
spellingShingle	firm characteristics manufacturing sme financing Social Sciences H Chin Kuah Yoke Zakaria Zuriawati Keong Choong Chee How Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?
description	Small and medium enterprises (SMEs) is a important contribution to boost the economies overall the world. In fact, SMEs always struggle to access the financing compared list company. There are several factors influence the capital structure decision in SMEs. This study focuses on manufacturing SMEs companies and examines the influence of firm characteristics (firm size, tangible asset, liquidity, profitability and firm growth) on capital structure towards technology improvement. The results showed only liquidity and firm growth were found to be positive significantly affect the external financing. Furthermore, internal and external financing also able improve the manufacturing’s technology performance. Conclusion, different firm characteristics have different leverage privileges which trying to attain optimal capital structure. The variations in the capital structures affect the costs of equity or debt and cost of capital. This study provides benchmarks for corporate managers in SMEs when making a company’s decision on the company’s performance.
format	article
author	Chin Kuah Yoke Zakaria Zuriawati Keong Choong Chee
author_facet	Chin Kuah Yoke Zakaria Zuriawati Keong Choong Chee
author_sort	Chin Kuah Yoke
title	How Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?
title_short	How Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?
title_full	How Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?
title_fullStr	How Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?
title_full_unstemmed	How Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?
title_sort	how firm characteristic on capital structure can improve technology improvement in malaysian manufacturing smes?
publisher	EDP Sciences
publishDate	2021
url	https://doaj.org/article/29c9f224a6a147d59881520d2f2f2021
work_keys_str_mv	AT chinkuahyoke howfirmcharacteristiconcapitalstructurecanimprovetechnologyimprovementinmalaysianmanufacturingsmes AT zakariazuriawati howfirmcharacteristiconcapitalstructurecanimprovetechnologyimprovementinmalaysianmanufacturingsmes AT keongchoongchee howfirmcharacteristiconcapitalstructurecanimprovetechnologyimprovementinmalaysianmanufacturingsmes
_version_	1718381251321135104

How Firm Characteristic on Capital Structure Can Improve Technology Improvement in Malaysian Manufacturing SMEs?

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