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Factors that affect the selection of funding option to implement digitalization among SMES

This research paper is to examine the factors that influence the selection of financing options to implement digitization among SMEs in Malaysia. SMEs experience difficulties in implementing digitization in their business with the selection of financing that will be made, whether through internal, e...

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Main Authors: Khoo Ming Heng, Shamundeswary Shanmugam, Jescy Phua Mei Li, Norfijah Sidoh @ Madrin, Norhani Syafina Abdul Razi
Format: Undergraduate Final Project Report
Language:English
Published: 2024
Online Access:http://discol.umk.edu.my/id/eprint/14113/1/SAK49.pdf
http://discol.umk.edu.my/id/eprint/14113/
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spelling my.umk.eprints.141132024-04-22T08:36:32Z http://discol.umk.edu.my/id/eprint/14113/ Factors that affect the selection of funding option to implement digitalization among SMES Khoo Ming Heng Shamundeswary Shanmugam Jescy Phua Mei Li Norfijah Sidoh @ Madrin Norhani Syafina Abdul Razi This research paper is to examine the factors that influence the selection of financing options to implement digitization among SMEs in Malaysia. SMEs experience difficulties in implementing digitization in their business with the selection of financing that will be made, whether through internal, external financing or from the government. Digitization in SMEs is something that is not foreign to them and is very important for them to be able to manage management well and smoothly in line with the development of globalization, so now every business has moved to digitization. The primary goal is to examine the variables that impact the financing options chosen by SMEs in Malaysia to implement digitization. Additionally, the study aims to explore the correlation between the independent variable (the implementation of SME digitization) and the dependent variables (financial, technical, and intangible resources). Using a Likert scale to measure the data, the researcher concentrated on the link between the independent and dependent variables. Through the use of an online questionnaire, this study employs a quantitative technique to investigate the opinions of SMEs in Malaysia on adequate funding to enable them to actualize digitization. A total of 384 respondents have taken part in the study. Participant demographic profiles, descriptive analysis, reliability analysis, multiple linear regression, normality testing, and hypothesis testing are among the analyses performed with the Statistical Package for Social Sciences (SPSS). The study's findings indicate that the adoption of digitalization by SMEs is positively and significantly correlated with their financial, technical, and intangible resources. Hypothesis indicates that there is no rejection and that all hypotheses are accepted. 2024-02-10 Undergraduate Final Project Report NonPeerReviewed text en http://discol.umk.edu.my/id/eprint/14113/1/SAK49.pdf Khoo Ming Heng and Shamundeswary Shanmugam and Jescy Phua Mei Li and Norfijah Sidoh @ Madrin and Norhani Syafina Abdul Razi (2024) Factors that affect the selection of funding option to implement digitalization among SMES. Final Year Project thesis, University Malaysia Kelantan. (Submitted)
institution Universiti Malaysia Kelantan
building Perpustakaan Universiti Malaysia Kelantan
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Kelantan
content_source UMK Institutional Repository
url_provider http://umkeprints.umk.edu.my/
language English
description This research paper is to examine the factors that influence the selection of financing options to implement digitization among SMEs in Malaysia. SMEs experience difficulties in implementing digitization in their business with the selection of financing that will be made, whether through internal, external financing or from the government. Digitization in SMEs is something that is not foreign to them and is very important for them to be able to manage management well and smoothly in line with the development of globalization, so now every business has moved to digitization. The primary goal is to examine the variables that impact the financing options chosen by SMEs in Malaysia to implement digitization. Additionally, the study aims to explore the correlation between the independent variable (the implementation of SME digitization) and the dependent variables (financial, technical, and intangible resources). Using a Likert scale to measure the data, the researcher concentrated on the link between the independent and dependent variables. Through the use of an online questionnaire, this study employs a quantitative technique to investigate the opinions of SMEs in Malaysia on adequate funding to enable them to actualize digitization. A total of 384 respondents have taken part in the study. Participant demographic profiles, descriptive analysis, reliability analysis, multiple linear regression, normality testing, and hypothesis testing are among the analyses performed with the Statistical Package for Social Sciences (SPSS). The study's findings indicate that the adoption of digitalization by SMEs is positively and significantly correlated with their financial, technical, and intangible resources. Hypothesis indicates that there is no rejection and that all hypotheses are accepted.
format Undergraduate Final Project Report
author Khoo Ming Heng
Shamundeswary Shanmugam
Jescy Phua Mei Li
Norfijah Sidoh @ Madrin
Norhani Syafina Abdul Razi
spellingShingle Khoo Ming Heng
Shamundeswary Shanmugam
Jescy Phua Mei Li
Norfijah Sidoh @ Madrin
Norhani Syafina Abdul Razi
Factors that affect the selection of funding option to implement digitalization among SMES
author_facet Khoo Ming Heng
Shamundeswary Shanmugam
Jescy Phua Mei Li
Norfijah Sidoh @ Madrin
Norhani Syafina Abdul Razi
author_sort Khoo Ming Heng
title Factors that affect the selection of funding option to implement digitalization among SMES
title_short Factors that affect the selection of funding option to implement digitalization among SMES
title_full Factors that affect the selection of funding option to implement digitalization among SMES
title_fullStr Factors that affect the selection of funding option to implement digitalization among SMES
title_full_unstemmed Factors that affect the selection of funding option to implement digitalization among SMES
title_sort factors that affect the selection of funding option to implement digitalization among smes
publishDate 2024
url http://discol.umk.edu.my/id/eprint/14113/1/SAK49.pdf
http://discol.umk.edu.my/id/eprint/14113/
_version_ 1797549938274467840
score 13.211869

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