Papers by Logeswary Sooriyakumaran
The Best Years of Our Lives, 2011
International Journal of Research and Innovation in Social Science, 2022
The purpose of the study was to identify the factors of financial management practices in SMEs ba... more The purpose of the study was to identify the factors of financial management practices in SMEs background and to examine whether they impact on business performance of SMEs. A literature survey was carried out, and expert consultation was employed to develop this working paper. With the help of the literature survey and experts' consultation, the association between financial management practices (FMP) and business performance (BP) was investigated. Accordingly, there were six indicators of financial management practices were identified in the literature namely; maintaining accounting records (MAR), financial reporting preparation and analysis (FRPA), accounting information system (AIS), working capital management (WCM), investment decision (ID) and financing (FIN). In addition, dependent variable of business performance. The literature evidenced that there are associations between FMP and BP in the SMEs. This includes positive, negative and no significant correlations or impact among variables of SMEs contributors. Accordingly, this study suggested a conceptual model for testing six hypotheses to examine the association between FMP and BP. Further, this study recommends an empirical study through explorative factor analysis and confirmatory factor analysis to develop valid and reliable instruments to measure the FMP in the SMEs context. A path model was suggested to examine whether FMP influences BP in the SMEs background and further identify the moderating effect of demographic factors of gender and education level of financial management practitioners and business age of SMEs.
The need of Small and Medium Enterprises (SMEs) in numerous economies is stressed because of they... more The need of Small and Medium Enterprises (SMEs) in numerous economies is stressed because of they assume imperative jobs in the economy of both developed and developing nations through production of work and decrease of destitution among populace. Nonetheless, dominant part of SMEs has neglected to perceive the significance of their maintainability and primary source to keep their business gainfulness by utilizing very much organized keeping accounting records that would have empowered them to keep the exact financial statements. The examination set out to investigate the degree to the continuing keeping accounting records are being bolstered to procuring productivity of SMEs. Surveys were managed to 218 SMEs proprietors out of which 200 questionnaires were substantial and broke down utilizing Likert scale. It was seen that while respondents concur that significant advantages of keeping legitimate records is to know the productivity of the business and that record keeping is vital t...
SSRN Electronic Journal, 2000
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Papers by Logeswary Sooriyakumaran