The Impacts Of Financial Management, Social Network, Platform And The Mediation Of Business Intelligence On The Performance Of Equity Crowdfunding Funded Firms In Malaysia
The efficiency of business entities in manipulating the existing resources and tracking the opportunities available is an advantage to ensure that the business continues to grow, be competitive and sustainable. Often associated firms, especially those involving small and medium enterprises (SMEs)...
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| id |
my-usim-ddms-13227 |
|---|---|
| record_format |
uketd_dc |
| institution |
Universiti Sains Islam Malaysia |
| collection |
USIM Institutional Repository |
| language |
en_US |
| topic |
Small business--Finance--Malaysia. Entrepreneurship Equity crowdfunding. |
| spellingShingle |
Small business--Finance--Malaysia. Entrepreneurship Equity crowdfunding. Siti Fatimah binti Mohd Kassim The Impacts Of Financial Management, Social Network, Platform And The Mediation Of Business Intelligence On The Performance Of Equity Crowdfunding Funded Firms In Malaysia |
| description |
The efficiency of business entities in manipulating the existing resources and tracking
the opportunities available is an advantage to ensure that the business continues to grow,
be competitive and sustainable. Often associated firms, especially those involving small
and medium enterprises (SMEs), face financial constraints and issues related to their
financial management (FM). The introduction of equity crowdfunding (ECF) has given
a new dimension of alternative finance in Malaysia. Since its introduction in 2015 until
2019, 77 issuers have successfully secured ECF funds. The ECF ecosystem
demonstrates that ECF platforms (PP) play a role in uniting fundraisers to help SMEs
raise funds and investors to reap investment returns. Thus, the study is based on the
ECF ecosystem, which looking at the internal (IF) and external factors (EF). IF is the
aspect of financial management, which includes a computerized accounting system
(AIS), financial analysis (FAR), financial planning (FPC), and working capital
management (WCM). Meanwhile, EFs are the social network (SN) and ECF platform
(PP). The hypotheses drew that these factors positively affect the performance of the
firm. This performance is measured according to financial measurements (Model 1) and
customer performance (CP) (Model 2). Digital questionnaires were sent covering a
population of 231 respondents, representing 77 issuers who successfully raised ECF
funds in 2016-2019. To ensure that the survey reached the respondents, this study used
"authority of sender" and "pleading for help" approaches. Only 92 respondents met the
required criteria. This study adopts RBV theory as an underpinning theory and the
integration with the Signaling Theory, the Theory of Financial Bricolage and Social
Capital were the supporting theories. This study used SPSS 20.0 and Smart-PLS 3.0 for
data analysis. The results found that the determination of the measurement basis is
significant because the results obtained vary. Model 1 only supports FPC, while Model
2 supports AIS, FPC, WCM, and PP. PP has a substantial effect on CP. However, FPC
shows adverse effects. Perhaps, it is due to the financial planning fails to consider
factors that can increase customers’ performance. Today, to be competitive, business
entities are not immune to the influence of rapidly evolving technology. Thus, this study
considers business intelligence (BI) factors influencing FAR and FPC, and
subsequently, firm performance. BI partially affects performance for both models. This
study also opens up space for future research: (i) to investigate the extent of loan-based
crowdfunding (P2P)’s effect on SME performance and to compare ECF and P2P on
SME resilience; (ii) the driving factors influencing SMEs in Malaysia to obtain ECF
funds; (iii) the impact of Covid-19 on ECF and P2P platforms that are still active during
the pandemic; and (iv) a study on the performance of ECFs using Sharia-based products
available in Malaysia. Finally, this study can be used as an entrepreneurship module to
provide information to existing entrepreneurs and government agencies such as MARA
and SME Corp. SMEs can gain more information and knowledge about the potential of
ECFs. Early exposure for entrepreneurship students to the flexibility of crowdfunding,
particularly ECF and new financial technologies (fintech) that influence the
entrepreneurial landscape over time, is deemed necessary. |
| format |
Thesis |
| author |
Siti Fatimah binti Mohd Kassim |
| author_facet |
Siti Fatimah binti Mohd Kassim |
| author_sort |
Siti Fatimah binti Mohd Kassim |
| title |
The Impacts Of Financial Management, Social Network, Platform And The Mediation Of Business Intelligence On The Performance Of Equity Crowdfunding Funded Firms In Malaysia |
| title_short |
The Impacts Of Financial Management, Social Network, Platform And The Mediation Of Business Intelligence On The Performance Of Equity Crowdfunding Funded Firms In Malaysia |
| title_full |
The Impacts Of Financial Management, Social Network, Platform And The Mediation Of Business Intelligence On The Performance Of Equity Crowdfunding Funded Firms In Malaysia |
| title_fullStr |
The Impacts Of Financial Management, Social Network, Platform And The Mediation Of Business Intelligence On The Performance Of Equity Crowdfunding Funded Firms In Malaysia |
| title_full_unstemmed |
The Impacts Of Financial Management, Social Network, Platform And The Mediation Of Business Intelligence On The Performance Of Equity Crowdfunding Funded Firms In Malaysia |
| title_sort |
impacts of financial management, social network, platform and the mediation of business intelligence on the performance of equity crowdfunding funded firms in malaysia |
| granting_institution |
Universiti Sains Islam Malaysia |
| url |
https://oarep.usim.edu.my/bitstreams/2aa10c1f-ee2c-4805-ab54-cc5c29a65db5/download https://oarep.usim.edu.my/bitstreams/356b6eb7-fd35-4030-9e9c-b0739e744a51/download https://oarep.usim.edu.my/bitstreams/6b5255ad-f2a1-4c69-825a-d6d433f4204c/download https://oarep.usim.edu.my/bitstreams/36496620-e525-43a3-9e76-f77347e6efd3/download https://oarep.usim.edu.my/bitstreams/3de87d04-e140-4241-acdc-3a152bce59c7/download https://oarep.usim.edu.my/bitstreams/77f32d99-cc49-4f5f-b9c2-b3b039c4ed7b/download https://oarep.usim.edu.my/bitstreams/d5ded262-4733-4d0e-bc06-1cc95ecc7d4f/download https://oarep.usim.edu.my/bitstreams/e975ce21-abbf-4c5a-894e-0b739f1432a0/download https://oarep.usim.edu.my/bitstreams/c4992979-0784-4ae2-a03e-792a3b8d4aa7/download https://oarep.usim.edu.my/bitstreams/053ed405-a0c0-4162-8b8c-937b36f26ad3/download |
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1812444748110102528 |
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my-usim-ddms-132272024-05-29T18:43:35Z The Impacts Of Financial Management, Social Network, Platform And The Mediation Of Business Intelligence On The Performance Of Equity Crowdfunding Funded Firms In Malaysia Siti Fatimah binti Mohd Kassim The efficiency of business entities in manipulating the existing resources and tracking the opportunities available is an advantage to ensure that the business continues to grow, be competitive and sustainable. Often associated firms, especially those involving small and medium enterprises (SMEs), face financial constraints and issues related to their financial management (FM). The introduction of equity crowdfunding (ECF) has given a new dimension of alternative finance in Malaysia. Since its introduction in 2015 until 2019, 77 issuers have successfully secured ECF funds. The ECF ecosystem demonstrates that ECF platforms (PP) play a role in uniting fundraisers to help SMEs raise funds and investors to reap investment returns. Thus, the study is based on the ECF ecosystem, which looking at the internal (IF) and external factors (EF). IF is the aspect of financial management, which includes a computerized accounting system (AIS), financial analysis (FAR), financial planning (FPC), and working capital management (WCM). Meanwhile, EFs are the social network (SN) and ECF platform (PP). The hypotheses drew that these factors positively affect the performance of the firm. This performance is measured according to financial measurements (Model 1) and customer performance (CP) (Model 2). Digital questionnaires were sent covering a population of 231 respondents, representing 77 issuers who successfully raised ECF funds in 2016-2019. To ensure that the survey reached the respondents, this study used "authority of sender" and "pleading for help" approaches. Only 92 respondents met the required criteria. This study adopts RBV theory as an underpinning theory and the integration with the Signaling Theory, the Theory of Financial Bricolage and Social Capital were the supporting theories. This study used SPSS 20.0 and Smart-PLS 3.0 for data analysis. The results found that the determination of the measurement basis is significant because the results obtained vary. Model 1 only supports FPC, while Model 2 supports AIS, FPC, WCM, and PP. PP has a substantial effect on CP. However, FPC shows adverse effects. Perhaps, it is due to the financial planning fails to consider factors that can increase customers’ performance. Today, to be competitive, business entities are not immune to the influence of rapidly evolving technology. Thus, this study considers business intelligence (BI) factors influencing FAR and FPC, and subsequently, firm performance. BI partially affects performance for both models. This study also opens up space for future research: (i) to investigate the extent of loan-based crowdfunding (P2P)’s effect on SME performance and to compare ECF and P2P on SME resilience; (ii) the driving factors influencing SMEs in Malaysia to obtain ECF funds; (iii) the impact of Covid-19 on ECF and P2P platforms that are still active during the pandemic; and (iv) a study on the performance of ECFs using Sharia-based products available in Malaysia. Finally, this study can be used as an entrepreneurship module to provide information to existing entrepreneurs and government agencies such as MARA and SME Corp. SMEs can gain more information and knowledge about the potential of ECFs. Early exposure for entrepreneurship students to the flexibility of crowdfunding, particularly ECF and new financial technologies (fintech) that influence the entrepreneurial landscape over time, is deemed necessary. Universiti Sains Islam Malaysia 2022-07 Thesis en_US https://oarep.usim.edu.my/handle/123456789/13227 https://oarep.usim.edu.my/bitstreams/ae361c65-aabe-4fec-82cc-76cf9a3b3b38/download 8a4605be74aa9ea9d79846c1fba20a33 https://oarep.usim.edu.my/bitstreams/2aa10c1f-ee2c-4805-ab54-cc5c29a65db5/download 062e4c6a12d7d94f3eb3100cb00d36d6 https://oarep.usim.edu.my/bitstreams/356b6eb7-fd35-4030-9e9c-b0739e744a51/download 0f0b451db3a0c7b3aca1b183512a4cec https://oarep.usim.edu.my/bitstreams/6b5255ad-f2a1-4c69-825a-d6d433f4204c/download dd3b5326eb896cb3335b6abb6d671ff3 https://oarep.usim.edu.my/bitstreams/36496620-e525-43a3-9e76-f77347e6efd3/download dc07f3cb8e5151e6e3dfe406a426baf9 https://oarep.usim.edu.my/bitstreams/3de87d04-e140-4241-acdc-3a152bce59c7/download 0c05a201c856011a313f456a83413276 https://oarep.usim.edu.my/bitstreams/77f32d99-cc49-4f5f-b9c2-b3b039c4ed7b/download 73571682d880fd0ac0658f92a52d651e https://oarep.usim.edu.my/bitstreams/d5ded262-4733-4d0e-bc06-1cc95ecc7d4f/download fb64336669102c360f89a7bd83a72feb https://oarep.usim.edu.my/bitstreams/e975ce21-abbf-4c5a-894e-0b739f1432a0/download f0d4cc03cc41371c5dc5a671930180a3 https://oarep.usim.edu.my/bitstreams/c4992979-0784-4ae2-a03e-792a3b8d4aa7/download 595f05d9dff19e4c691d5f6f3ed212dc https://oarep.usim.edu.my/bitstreams/053ed405-a0c0-4162-8b8c-937b36f26ad3/download a0dca4f9e3a13b10f6cc3b9e7637d024 https://oarep.usim.edu.my/bitstreams/c4cb82fb-3b53-44a9-969c-48e378f4d464/download 68b329da9893e34099c7d8ad5cb9c940 https://oarep.usim.edu.my/bitstreams/e53dd5c5-9b4a-4c7a-b40c-a2a3667498d8/download 4a47d388b296beb1c755c8eb316d284b https://oarep.usim.edu.my/bitstreams/0714879a-ca3b-430a-ac8f-f48f8be49602/download 7421aca3f855e5e339cfb90f810fdf4a https://oarep.usim.edu.my/bitstreams/532853b1-ffd6-4d8f-be94-eda8ca8ba935/download acec3ee8b3993a6e796d9d5766f07130 https://oarep.usim.edu.my/bitstreams/04aa42b3-a930-4217-9d32-57897ef9af51/download ecb93cab9f81a8764f2c3e8e0c47e04f https://oarep.usim.edu.my/bitstreams/2b70f0eb-9a7c-4be3-aedb-120c5706f162/download de988be7d87df172b68dfeceade07cae https://oarep.usim.edu.my/bitstreams/03c133ec-7d0b-4803-9620-a225b764b0ed/download 78b3347fe49cd4a94b6ad332642cfe02 https://oarep.usim.edu.my/bitstreams/c19b709b-416a-4f1e-a8ef-59b2cea9b986/download a391677b550efa494c73a1313de48bb9 https://oarep.usim.edu.my/bitstreams/58f13db7-2d4e-4a4a-89a2-278eff9bcda2/download 49a73a1524136d16b0e0e42ae0c42e62 https://oarep.usim.edu.my/bitstreams/bdf966c2-d6ee-4089-a79e-cde3132bb486/download 901932615ffd340e08841f7f2f40640c Small business--Finance--Malaysia. Entrepreneurship Equity crowdfunding. |