Access to finance, social capital and the improvement of corporate performance: evidence from Southeast Asia

Ploypailin Kijkasiwat, Ahmad Usman Shahid*, M. Kabir Hassan, Ahmed Imran Hunjra

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

7 Citations (Scopus)

Abstract

Purpose: This study examines the influence of access to finance and social capital on the improvement of the corporate performance of non-listed firms of Southeast Asian countries. Furthermore, this paper also explores the mediating role of firms' access to finance between the association of social capital and the improvement of corporate performance.

Design/methodology/approach: This study utilizes the Bank Business Environment and Enterprise Performance Survey from 2015 to 2017. Specifically, the survey was administered by the World Bank. Data were analyzed using structural modeling in Smart-PLS.

Findings: The findings show that firms' access to finance and social capital significantly influences the improvement of corporate performance. Additionally, the study’s analysis further reports the mediating role of firms' access to finance between the association of social capital and the improvement of corporate performance.

Practical implications: This study has implications for governments, regulators and policymakers for enhancing access to finance and social capital, and improving corporate performance.

Originality/value: This paper establishes the importance of firms' access to finance and social capital for improving firms' overall performance in the broader context of Southeast Asia.

Original languageEnglish
Pages (from-to)1047-1068
Number of pages22
JournalManagerial Finance
Volume48
Issue number7
DOIs
Publication statusPublished - 7 Jun 2022

Keywords

  • Access to finance
  • Social capital
  • The improvement of corporate performance

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