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Sustainable Growth in SMEs: A Review from the Malaysian Perspective

Author

Listed:
  • Tairuddin Yusoff
  • Sazali A. Wahab
  • Ahmad S. A. Latiff
  • Suzana I. W. Osman
  • Nur F. M. Zawawi
  • Syed A. Fazal

Abstract

The importance of Small and Medium Enterprises (SMEs) contributions to the nations’ economies in the world is an undebatable fact. The same applies to Malaysia with 98.5% of the total business establishments being SMEs; contributing to 65.3% of total employment and 36.3% of GDP. Supports from the Government are never fading with huge allocations of budget every year but yet registering high failure rate. Sustainable growth of SMEs is long overdue. The awareness of the importance of sustainable growth of SMEs has resulted in the presence of various definitions and concepts of sustainable growth. This paper seeks to explore the literature on long-term and sustainable growth for SMEs and the enhanced knowledge on this area willbe aguidance to the policy makers, supporting agencies, advisors, entrepreneurs and academicians to seriously develop an all-encompassing model for sustainable growth of SMEs. This paper suggests an integrated sustainable growth model of SMEs with four dimensions of the economic factors.

Suggested Citation

  • Tairuddin Yusoff & Sazali A. Wahab & Ahmad S. A. Latiff & Suzana I. W. Osman & Nur F. M. Zawawi & Syed A. Fazal, 2018. "Sustainable Growth in SMEs: A Review from the Malaysian Perspective," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 8(3), pages 1-43, August.
    • Handle: RePEc:ibn:jmsjnl:v:8:y:2018:i:3:p:43
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    References listed on IDEAS

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    1. Tarek, Syed Ali, 2011. "Study of Sustainable Growth Factors of SIE/ Micro-financed Business," MPRA Paper 40752, University Library of Munich, Germany.
    2. Anna Thum-Thysen & Peter Voigt & Benat Bilbao-Osorio & Christoph Maier & Diana Ognyanova, 2017. "Unlocking Investment in Intangible Assets," European Economy - Discussion Papers 047, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Kave Edin & Darush Yazdanfar, 2016. "Determinants of SME growth," Management Research Review, Emerald Group Publishing Limited, vol. 39(9), pages 966-986, September.
    4. Darush Yazdanfar & Peter Öhman, 2015. "The growth-profitability nexus among Swedish SMEs," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 11(4), pages 531-547, September.
    5. Yosef Jabareen, 2008. "A New Conceptual Framework for Sustainable Development," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 10(2), pages 179-192, April.
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    Citations

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    Cited by:

    1. Ardjouman Diabate & Brou Mathias Allate & Dongping Wei & Liying Yu, 2019. "Do Firm and Entrepreneur Characteristics Play a Role in SMEs’ Sustainable Growth in a Middle-Income Economy like Côte d’Ivoire?," Sustainability, MDPI, vol. 11(6), pages 1-20, March.
    2. Puteri Aina Megat & Mursyidatul Najwa Khairudin & Nur Jalilah Haniffah & Ganesan Paramasivam, 2024. "Relationship of Fintech Innovation with Green Growth Sustainability Moderated by Blockchain Smart Contracts Among Small and Medium Sized Enterprise in Selangor, Malaysia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 51-81.
    3. Nusrat Hafiz & Ahmad Shaharudin Abdul Latiff & Md Asadul Islam & Abu Naser Mohammad Saif & Sazali Abd Wahab, 2022. "Towards the Underlying Theories of Small Firm Growth: A Literature Review," FIIB Business Review, , vol. 11(1), pages 36-51, March.
    4. Huma Sikandar & Umar Haiyat Abdul Kohar & Grigorie Sanda & Asma Salman & Teodor Cilan & Malik Shahzad Shabbir & Carlos Samuel Ramos-Meza, 2024. "Eco-innovation in Small and Medium Enterprises (SMEs): a Systematic Literature Review," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 5841-5863, June.
    5. Ibraheem Saleh Mokbel AlKoliby & Haim Hilman Abdullah & Norazah Mohd Suki, 2024. "Linking Knowledge Application, Digital Marketing, and Manufacturing SMEs’ Sustainable Performance: The Mediating Role of Innovation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 6151-6177, June.
    6. Mohd Najib Saad & Mazlina Manshor, 2024. "The Effects of Sustainable Development on the Sustainable Performance of Small and Medium Enterprises in Emerging Economies: From the Perspective of VUCA Approach," Information Management and Business Review, AMH International, vol. 16(3), pages 295-308.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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