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Relationship between strategic financial management and business performance among small and medium enterprises in Finland: a survey report by collector credit OY Inc.

Tasmin, Rosmaini and Abdul Malek, Nurul Aida and Josu , Takala and J., Pennanen (2013) Relationship between strategic financial management and business performance among small and medium enterprises in Finland: a survey report by collector credit OY Inc. In: 2nd International Conference on Technology Management, Business and Entrepreneurship 2013 (ICTMBE 2013) , 4-5 December 2013, Melaka, Malaysia .

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Abstract

It is very essential and strategic, especially for Small and Medium Enterprises (SMEs), to plan, organized and control their financial aspect, as it is deemed very limited. Managing scarce capital or fund and yet attaining profitable business margin are proven challenging for the SMEs. Hence, the study aims to determine the relationship, as well as the differences that exist between financial situation and business performance among the Finnish SMEs. Thus, this study employed the use of SPSS statistical tools in order to guide the research questions in achieving the overall aim of the research. data are derived from more than 450 respondents who are working within SMEs across Finland. The findings of the study reveal that there is a significant and positive relationship between strategic financial situation and business performance. Also, three groups were found to have statistically significant difference towards business performance; 'position', 'critical success factor' and 'net sales to increase'.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: financial outlook; strategy; business performance; SME’s; Finland; Europe; correlation; significant difference; collector OY; entrepreneurs; managers
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD2321-4731 Industry
H Social Sciences > HG Finance
Divisions: Faculty of Technology Management and Business > Department of Production and Operation Management
Depositing User: Normajihan Abd. Rahman
Date Deposited: 27 May 2014 08:48
Last Modified: 21 Jan 2015 07:29
URI: http://eprints.uthm.edu.my/id/eprint/5127
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