The Financing Of Small And Medium Sized Enterprise (SMES) And The Impact To Business Performance In Melaka Food Industry

Siti Rasyidah, Basiron (2013) The Financing Of Small And Medium Sized Enterprise (SMES) And The Impact To Business Performance In Melaka Food Industry. Project Report. UTeM, Melaka. (Submitted)

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Abstract

Nowadays, one of Malaysia’s key drivers for economic growth is Small and Medium Enterprises (SMEs). Based on SME Master Plan launched two years ago, the government target for SMEs contribution is 41% of country’s Gross Domestic Product (GDP) by 2020. Although the number might be lower in Malaysia, SMEs have the potential to contribute substantially to the economy and can provide a strong foundation for the growth of Malaysia’s future development. According to Doing Business Report by World Bank, Malaysia record for ‘getting credit’ is ranked number one for four consecutive years (SME Master plan 2012-2020). Financing is necessary for SMEs to help them set up and expand their operations or production facilities. In this research food industry was selected among SMEs to identify the types of financing involved whether the sources can enhance the performance of the SMEs. Specifically, this study was initiated to investigate the impact and examine the relationship between financing and business performance. In order to examine the food industry at Melaka, some survey was conducted among SMEs, while data collected was analysed through quantitative by using frequency, descriptive and correlation analysis. The result showed there is moderate to strong impact of financing toward business performance and the relationship is significant for all variables.

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