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The Effect Of Financial Information Quality On Ability To Access External Funds And Performance Of Smes In Thailand

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  • NARUANARD SARAPAIVANICH

    (University of New England, Australia)

  • BERNICE KOTEY

    (University of New England, Australia)

Abstract

Several factors have been identified in the literature as affecting SME performance, in particular ability to access finance. Access to finance is in turn influenced by variables in both the enterprise's internal and external environment. It is held that SMEs are unable to access external finance because they are not investment ready. They lack the necessary information and knowledge of their businesses to approach finance providers or to be successful in accessing funds if they do. Face-to-face interviews using structured questionnaire were conducted to collect primary data from 407 SMEs operating in the trading sector in 3 provinces- Bangkok, Chiang-Mai and Khon-Kan. Results of the structural equation modelling (SEM) reveal that quality of financial information has significant positive effect on performance and on owner-managers' perception of their ability to access external capital. A significant positive effect of their perception of ability to access capital on performance was also found.

Suggested Citation

  • Naruanard Sarapaivanich & Bernice Kotey, 2006. "The Effect Of Financial Information Quality On Ability To Access External Funds And Performance Of Smes In Thailand," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 14(03), pages 219-239.
    • Handle: RePEc:wsi:jecxxx:v:14:y:2006:i:03:n:s0218495806000143
    DOI: 10.1142/S0218495806000143
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    References listed on IDEAS

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    1. Comín, Francisco Comín, 1990. "J. I. Fortea Pérez: Monarquía y Cortes en la Corona de Castilla. Las ciudades ante la políitica fiscal de Felipe II, Salamanca, Cortes de Castilla y León, 1990, 518 pp," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 8(3), pages 679-682, December.
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    Cited by:

    1. Scott McCarthy & Barry Oliver & Martie-Louise Verreynne, 2017. "Bank financing and credit rationing of Australian SMEs," Australian Journal of Management, Australian School of Business, vol. 42(1), pages 58-85, February.
    2. Jorge Antonio Rangel Magdaleno & Luis Aguilera Enriquez & Martha Gonzalez Adame, 2015. "The Influence Of Innovation And Financial Information In Competitiveness Of Manufacturing Small And Mediumsized Enterprise, La Influencia De La Innovacion Y La Informacion Financiera En La Competitivi," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 8(2), pages 105-119.
    3. Aliyu Mukhtar Shehu & Rosli Mahmood, 2014. "An Empirical Analysis of Market Orientation and Business Performance Relationship in the Context of Developing Economy," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(9), pages 219-232, September.
    4. Asit Bhattacharyya & Md Lutfur Rahman & Sue Wright, 2023. "Improving small and medium‐size enterprise performance: Does working capital management enhance the effectiveness of financial inclusion?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 3943-3969, December.
    5. Mertzanis, Charilaos, 2017. "Family ties and access to finance in an Islamic environment," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 48(C), pages 1-24.
    6. Popoola, Oluwatoyin Muse Johnson & Shehu, Aliyu Mukhtar & Aminu, Ibrahim Murtala & Nik Mat, Nik Kamariah & Nasiru, Abdullahi & Tsagem, Musa Muhammad Tsagem & Kura, Kabiru Maitama, 2012. "The Mediating Effect between Some Determinants of SME Performance in Nigeria," MPRA Paper 66775, University Library of Munich, Germany, revised 2013.

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