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The impact of symbiotic relations on the performance of micro, small and medium enterprises in a small-town context: The perspective of risk and return

Author

Listed:
  • Kijkasiwat, Ploypailin
  • Wellalage, Nirosha Hewa
  • Locke, Stuart

Abstract

This study uses a financial lens to investigate and discuss how symbiotic relationships can enhance business performance, particularly in terms of risk and return for micro, small and medium enterprises (MSMEs). A mixed-method approach, using both Partial Least Square Structure Equation Modelling (PLS-SEM) and thematic analysis, is employed to analyse the information from 200 MSMEs. The findings indicate that symbiotic relationships among businesses help MSMEs to reduce risks and increase returns. The study provides a model that is potentially applicable to other settings and pertinent for policymakers, trade associations and MSMEs.

Suggested Citation

  • Kijkasiwat, Ploypailin & Wellalage, Nirosha Hewa & Locke, Stuart, 2021. "The impact of symbiotic relations on the performance of micro, small and medium enterprises in a small-town context: The perspective of risk and return," Research in International Business and Finance, Elsevier, vol. 56(C).
    • Handle: RePEc:eee:riibaf:v:56:y:2021:i:c:s027553192100009x
    DOI: 10.1016/j.ribaf.2021.101388
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    Citations

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    Cited by:

    1. Hu, Tiancheng & Guo, Rui & Ning, Lutao, 2022. "Intangible assets and foreign ownership in international joint ventures: The moderating role of related and unrelated industrial agglomeration," Research in International Business and Finance, Elsevier, vol. 61(C).
    2. Wang, Zankai & Le, Thanh Tiep, 2022. "The COVID-19 pandemic’s effects on SMEs and travel agencies: The critical role of corporate social responsibility," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 46-58.

    More about this item

    Keywords

    Symbiotic relationship; Business networks; Risk and return; Micro; small and medium enterprises;
    All these keywords.

    JEL classification:

    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • G00 - Financial Economics - - General - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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