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The impact of finance on the performance of Thai manufacturing SMEs

Chapter


Abstract


  • Small and medium-sized enterprises (SMEs) are the lifeblood of

    the Thai economy, contributing significantly to social and economic

    development (Brimble et al. 2002). They accounted for 99.2% of business

    establishments and 79.1% of total employment between 2007 and 2013.

    SME production also represented 37.5% of gross domestic product

    (GDP) during the same period (Table 6.1). However, SME contribution

    to the country’s GDP has gradually declined from 38.2% in 2007 to

    37.4% in 2013. Thai manufacturing SMEs played a leading role in the

    economy, accounting for 19.6% of business establishments, 27.1% of total

    employment, and 11.6% of GDP from 2007 to 2013 (Table 6.1). SMEs also

    assist large enterprises in regional production networks, since they link

    all key units of industry and fill gaps in industrial clusters that may not be

    completed by large enterprises alone (Regnier 2000, Mephokee 2004).

    As suggested by Tapaneeyangkul (2001), SMEs are key sources of supply

    of goods, services, information, and knowledge for large enterprises, and

    play a pivotal role in the production process of export goods.

Publication Date


  • 2016

Citation


  • Amornkitvikai, Y. & Harvie, C. (2016). The impact of finance on the performance of Thai manufacturing SMEs. In P. Vandenburg, P. Chantapacdepong & N. Yoshino (Eds.), SMEs in developing Asia: new approaches to overcoming market failures (pp. 144-178). Japan: Asian Development Bank Institute. https://www.adb.org/publications/smes-developing-asia-new-approaches-overcoming-market-failures

International Standard Book Number (isbn) 13


  • 9784899740681

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1226

Book Title


  • SMEs in developing Asia: new approaches to overcoming market failures

Start Page


  • 144

End Page


  • 178

Place Of Publication


  • Japan

Abstract


  • Small and medium-sized enterprises (SMEs) are the lifeblood of

    the Thai economy, contributing significantly to social and economic

    development (Brimble et al. 2002). They accounted for 99.2% of business

    establishments and 79.1% of total employment between 2007 and 2013.

    SME production also represented 37.5% of gross domestic product

    (GDP) during the same period (Table 6.1). However, SME contribution

    to the country’s GDP has gradually declined from 38.2% in 2007 to

    37.4% in 2013. Thai manufacturing SMEs played a leading role in the

    economy, accounting for 19.6% of business establishments, 27.1% of total

    employment, and 11.6% of GDP from 2007 to 2013 (Table 6.1). SMEs also

    assist large enterprises in regional production networks, since they link

    all key units of industry and fill gaps in industrial clusters that may not be

    completed by large enterprises alone (Regnier 2000, Mephokee 2004).

    As suggested by Tapaneeyangkul (2001), SMEs are key sources of supply

    of goods, services, information, and knowledge for large enterprises, and

    play a pivotal role in the production process of export goods.

Publication Date


  • 2016

Citation


  • Amornkitvikai, Y. & Harvie, C. (2016). The impact of finance on the performance of Thai manufacturing SMEs. In P. Vandenburg, P. Chantapacdepong & N. Yoshino (Eds.), SMEs in developing Asia: new approaches to overcoming market failures (pp. 144-178). Japan: Asian Development Bank Institute. https://www.adb.org/publications/smes-developing-asia-new-approaches-overcoming-market-failures

International Standard Book Number (isbn) 13


  • 9784899740681

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1226

Book Title


  • SMEs in developing Asia: new approaches to overcoming market failures

Start Page


  • 144

End Page


  • 178

Place Of Publication


  • Japan