Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand

Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand

The purpose of the study was to examine the moderating effect of access to finance on the relationship between entrepreneurial orientation (EO), market orientation (MO), learning orientation (LO), and SMEs performance in the gem and jewellery industry in Thailand. A quantitative method was adopted i...

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Main Author: Ahmad, Nifaosan Raden
Format: Thesis
Language:eng
eng
Published: 2020
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/8054/1/s94991_01.pdf
https://etd.uum.edu.my/8054/2/s94991_02.pdf
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id my-uum-etd.8054
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Mohd Shariff, Mohd Noor
topic HG Finance
spellingShingle HG Finance
Ahmad, Nifaosan Raden
Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand
description The purpose of the study was to examine the moderating effect of access to finance on the relationship between entrepreneurial orientation (EO), market orientation (MO), learning orientation (LO), and SMEs performance in the gem and jewellery industry in Thailand. A quantitative method was adopted in which data were collected from 116 SMEs operating in the gem and jewellery business in Thailand using a cross-sectional design. The study adopted a systematic sampling technique, and questionnaires were distributed and collected through a personally-administered method. Partial Least Squares Structural Equation Modelling (PLS-SEM) was used to test the hypotheses. The results supported the two direct hypotheses. Market orientation (MO) and learning orientation (LO) were found to have a significant and positive relationship with SMEs performance. However, there was no evidence to support the significant relationship between entrepreneurial orientation (EO) and SMEs performance, as well as the moderating effect of access to finance on the paths between EO, MO, LO, and SMEs performance. These results imply that the SMEs’ owner-managers should focus on MO and LO as the crucial organisational strategic resources to enhance firm performance. The study also provides important insights for researchers and educators to further understand the effect of these strategic orientations on Thailand’s SMEs performance. Particularly, policymakers and the government should encourage SMEs to have access to external financial resources by reducing the obstacles. This study also contributes to the current literature as it extends the resource-based theory as well as the pecking order theory by integrating two distinct literature streams on EO, MO, LO, and access to finance. Lastly, the study concludes with some limitations that open up avenues for future research.
format Thesis
qualification_name Doctor of Philosophy (PhD.)
qualification_level Doctorate
author Ahmad, Nifaosan Raden
author_facet Ahmad, Nifaosan Raden
author_sort Ahmad, Nifaosan Raden
title Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand
title_short Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand
title_full Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand
title_fullStr Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand
title_full_unstemmed Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand
title_sort moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and smes performance in thailand
granting_institution Universiti Utara Malaysia
granting_department School of Business Management
publishDate 2020
url https://etd.uum.edu.my/8054/1/s94991_01.pdf
https://etd.uum.edu.my/8054/2/s94991_02.pdf
_version_ 1747828313283362816
spelling my-uum-etd.80542021-03-25T00:52:18Z Moderating effect of access to finance on entrepreneurial orientation, market orientation, learning orientation, and SMEs performance in Thailand 2020 Ahmad, Nifaosan Raden Mohd Shariff, Mohd Noor School of Business Management School of Business Management HG Finance The purpose of the study was to examine the moderating effect of access to finance on the relationship between entrepreneurial orientation (EO), market orientation (MO), learning orientation (LO), and SMEs performance in the gem and jewellery industry in Thailand. A quantitative method was adopted in which data were collected from 116 SMEs operating in the gem and jewellery business in Thailand using a cross-sectional design. The study adopted a systematic sampling technique, and questionnaires were distributed and collected through a personally-administered method. Partial Least Squares Structural Equation Modelling (PLS-SEM) was used to test the hypotheses. The results supported the two direct hypotheses. Market orientation (MO) and learning orientation (LO) were found to have a significant and positive relationship with SMEs performance. However, there was no evidence to support the significant relationship between entrepreneurial orientation (EO) and SMEs performance, as well as the moderating effect of access to finance on the paths between EO, MO, LO, and SMEs performance. These results imply that the SMEs’ owner-managers should focus on MO and LO as the crucial organisational strategic resources to enhance firm performance. The study also provides important insights for researchers and educators to further understand the effect of these strategic orientations on Thailand’s SMEs performance. Particularly, policymakers and the government should encourage SMEs to have access to external financial resources by reducing the obstacles. 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