Malaysian SMEs’ liability structure and its impact on profitability and growth

• Main Authors: Wong, Woei Chyuan, Sabki, Sharmilawati, Regupathi, Angappan, Syed Salim, Syed Mohd Na’im
• Format: Article
• Language: English
• Published: Asian Academy of Management and Penerbit Universiti Sains Malaysia 2019
• Subjects: HC Economic History and Conditions
• Online Access: http://repo.uum.edu.my/27476/1/AAMJAF%2015%202%202019%2077%2094.pdf; http://repo.uum.edu.my/27476/; http://doi.org/10.21315/aamjaf2019.15.2.4

This paper offers new evidence as to how the heterogeneity in small and medium enterprises’ (SMEs’) liability structure affects their growth and profitability. On average, SMEs in our sample incurred a shortage in spontaneous (supplier) financing of 24.9% of total assets. This shortage is financed b...