Business, Management and Accounting
3 years ago

Malaysian SME owners face financial management challenges, impacting economic growth.

Faculty of Accountancy eBooks
Financial Management behavior among Malaysian SME owners: some new insights from a qualitative study / Shukriah Saad … [et al.]
Shukriah Saad, Aida Hazlin Ismail, Mohamad Ridhuan Mat Dangi, Adnan Zainal Abidin, Muhamad Ridzuan Hashim

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The article discusses how small and medium-sized businesses in Malaysia often face financial management issues. The owners of these businesses need to pay attention to their finances to ensure their survival. They can get financial help from banks, government funds, and other institutions. However, many businesses still struggle to access funds. Good financial management is crucial for these businesses to succeed in a competitive market. The study aims to understand how SME owners in Selangor manage their finances and what factors influence their decisions. The findings can help the government and financial institutions educate business owners on financial management and encourage the use of proper financial tools.