The Impact of Managerial Characteristics on Capital Structure in Malaysian Manufacturing SMEs

Authors

  • Kuah Yoke Chin Faculty of Business and Finance, Universiti Tunku Abdul Rahman, Malaysia
  • Zuriawati Zakaria Faculty of Business and Finance, Universiti Tunku Abdul Rahman, Malaysia
  • Choong Chee Keong Faculty of Business and Finance, Universiti Tunku Abdul Rahman, Malaysia

DOI:

https://doi.org/10.32890/ijbf2020.15.1.9930

Keywords:

Managerial characteristics, manufacturing, SME, financing

Abstract

Access to capital is a critical factor in stimulating small business creation and growth especially in developing companies. The failure of small business entities in securing the needed capital would entail them remaining small and limit their ability to create goods, services, and innovations in the marketplace, including jobs. This study focuses on manufacturing SMEs by examining the influence of managerial characteristics (age, gender, work experience and level of education) on capital structure towards technology improvement. Based on a survey of 219 respondents, the results indicated that male managers, managers with a lot of work experience and educated managers preferred internal and external financing. Furthermore, internal and external financing also showed positive relationships to improve manufacturing technology performance. This study provides and adds new knowledge to corporate managers to serve as benchmarks in making decisions on company performance. It could also enhance company ability to deal with competitive environments.

 

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Published

31-03-2020

Issue

Vol. 15 No. 1 (2020): Vol. 15, Number 1, 2020

Section

Articles

How to Cite

Chin, K. Y., Zakaria, Z., & Keong, C. C. (2020). The Impact of Managerial Characteristics on Capital Structure in Malaysian Manufacturing SMEs. International Journal of Banking and Finance, 15(1), 21-37. https://doi.org/10.32890/ijbf2020.15.1.9930

Research impact

Harvested 2026-09-14
3 citations, from OpenAlex — the highest of the sources checked

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Identifiers DOI 10.32890/ijbf2020.15.1.9930 OpenAlex W3081242938

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