/jurnalpengurusan Tue, 31 Jan 2023 02:44:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 /jurnalpengurusan/article/exploring-social-capital-influencing-entrepreneurial-process-among-immigrant-entrepreneurs-in-malaysia/?utm_source=rss&utm_medium=rss&utm_campaign=exploring-social-capital-influencing-entrepreneurial-process-among-immigrant-entrepreneurs-in-malaysia Tue, 31 Jan 2023 02:44:57 +0000 /jurnalpengurusan/?post_type=article&p=6579 Immigrant entrepreneurship has been widely discussed in various perspectives. Yet, their entrepreneurial process has received less attention from the aspect of social capital. This paper intends to explore the role of social capital dimensions (structural, relational, and cognitive) in the entrepreneurial process (discovery and exploitation of opportunity). In-depth interview approach was conducted with six Thai immigrant restaurant-preneurs (TIRps) in Malaysia. The findings revealed that the structural social capital is the most important dimension for TIRps highlighting the supports from family and friends which transpired at both stages of the entrepreneurial process. The study that is based on social capital and entrepreneurial process perspectives also demonstrated the significance of local consumers’ eating-out habits identified as structural social capital and local preferences for Thai cuisines identified as cognitive social capital. This signifies the emergence of the Consumer Culture Theory in research on immigrant entrepreneurship. This study contributes to an integrated model of immigrant entrepreneurship and a set of propositions. For practicality, the findings provide some guidelines for policymakers to develop training programmes by leveraging on social capital for further development of Malaysian entrepreneurs.

]]> /jurnalpengurusan/article/dynamic-adjustment-towards-target-capital-structure-thailand-evidence/?utm_source=rss&utm_medium=rss&utm_campaign=dynamic-adjustment-towards-target-capital-structure-thailand-evidence Sat, 08 Oct 2022 20:22:08 +0000 /jurnalpengurusan/?post_type=article&p=3762 By employing panel data, the present study examines the dynamic aspects of capital structure of 269 non-financial listed firms in Thailand from 2000 to 2009. This is a relatively new area in finance literature. The present study investigates the existence of target capital structure, speed of adjustment and factors affecting the speed of adjustment. The analyses are conducted using the dynamic Partial Adjustment Model (PAM) and estimated based on the Generalized Method of Moments. The results indicate the existence of target capital structure and firms undergone adjustment processes to be at their target capital structure from time to time with a considerably rapid speed of adjustment, consistent with the dynamic trade-off theory. Firms in Thailand are found to be under-adjusting, being below the required adjustment to be at the target within a year. Strong evidence exists that indicates that firm specific factors significantly influence speed of adjustment for firms in Thailand, such as distance from target, size of firm and profitability.

]]>