Analyzing w88 chuẩn nhất factors affecting w88 chuẩn nhất business performance of small and medium-sized enterprises in Ninh Thuan province

Abstract:

This study uses w88 chuẩn nhất regression analysis method to analyze w88 chuẩn nhất factors affecting w88 chuẩn nhất business efficiency of small and medium-sized enterprises (SMEs) inNinh Thuan provincethrough w88 chuẩn nhất return on equity (ROE) ratio and w88 chuẩn nhất return on total assets (ROA) ratio. w88 chuẩn nhất study finds that w88 chuẩn nhất total cost to total revenue ratio, w88 chuẩn nhất cost of goods sold to w88 chuẩn nhất average of inventories ratio, and w88 chuẩn nhất revenue growth rate have a negative correlation with SMEs’ ROE and ROA ratios. Meanwhile, w88 chuẩn nhất fixed assets to total assets ratio, w88 chuẩn nhất net income to w88 chuẩn nhất average of total assets ratio, and w88 chuẩn nhất business owner’s years of schooling have a positive correlation with SMEs’ ROE and ROA ratios. Based on w88 chuẩn nhất study’s findings, some solutions are proposed to help SMEs in Ninh Thuan province improve their business performance in general and their debt financing efficiency

Keywords: efficiency, production and business, small and medium enterprises, Ninh Thuan.

1. Introduction

Small and medium-sized enterprises (SMEs) in Vietnam and other countries around w88 chuẩn nhất world play a particularly important role in promoting w88 chuẩn nhất social and economic development of each country (Vo Thanh Danh, Ong Quoc Cuong & Tran Ba Quang, 2013). SMEs are a channel to attract investment capital from w88 chuẩn nhất people, create jobs, raise incomes for people, and also contribute to w88 chuẩn nhất effective use of local resources, promote creative competition, and economic growth (Mathew Philip, 2010). Economics and social stability. Moreover, it also plays a supporting and complementing role for large enterprises to form a link of cooperation, competition and development together(Ong Tze San and Teh Boon Heng, 2011). On w88 chuẩn nhất other hand, SMEs have small scale and simple organizational structure, initial investment costs are not large, production space is small, so it is very convenient to enter w88 chuẩn nhất market, as well as easily narrow production or industry transformation(Pedro Juan García-Teruel and Pedro Martínez-Solano, 2007).

Ninh Thuan has a convenient traffic location near Cam Ranh international airport with an infrastructure system that has been built, upgraded and expanded with regional connectivity, creating favorable conditions for investment activities. w88 chuẩn nhất socioeconomic development went smoothly. Although in recent years SMEs in Ninh Thuan have had many important developments, increasingly playing a role in w88 chuẩn nhất economic development of w88 chuẩn nhất South-Central region, in reality, SMEs are still facing many difficulties in production and business activities. Such as expanding w88 chuẩn nhất consumer market, small scale, lack of capital, managerial experience, trade promotion, lack of synchronized government support, and slow innovation in economic thinking, etc.(Province of Ninh Thuan's People's Committee, 2019).

Therefore, analyzing w88 chuẩn nhất factors affecting w88 chuẩn nhất production and business efficiency of small and medium-sized enterprises in Ninh Thuan province is necessary in order to help enterprises improve their operational capacity as well as promptly adopt appropriate policies for their operations. commercial activities to avoid w88 chuẩn nhất risk of bankruptcy and at w88 chuẩn nhất same time overcome w88 chuẩn nhất limitations to stabilize and better develop in w88 chuẩn nhất future.

2. Theoretical overview

2.1. Small and medium enterprises

A company is defined as an entity having its own name, property, transaction office, founded or registered for establishment under w88 chuẩn nhất provisions of law for business objectives, according to Clause 10, Article 4 of w88 chuẩn nhất Enterprise Law 2020. w88 chuẩn nhất following kinds of undertakings are also defined by business law: (i) State enterprises are businesses where w88 chuẩn nhất State owns more than half of w88 chuẩn nhất charter capital, or all of w88 chuẩn nhất shares with voting rights, as specified. In Company Law 2020, Article 88; (ii) w88 chuẩn nhất Vietnamese firm is a business situated in Vietnam that was founded or registered in conformity with Vietnamese legislation(w88 chuẩn nhất Enterprise Law, 2020).

Under Article 6 of Decree 39/2018/ND-CP, w88 chuẩn nhất criteria for w88 chuẩn nhất determination of SMEs are: (i) Micro enterprises have an average number of employees participating in social insurance of no more than 10 people per year and total annual revenue of not more than 10 billion VND. or a principal not exceeding 3 billion; (ii) Small enterprises: w88 chuẩn nhất average number of employees participating in social insurance is not more than 50 people and w88 chuẩn nhất total revenue of w88 chuẩn nhất year is not more than 100 billion or w88 chuẩn nhất total capital is not more than 50 billion; (iii) Medium Enterprises: with an average number of employees participating in social insurance of no more than 100 people per year and total annual revenue not exceeding 300 billion or total capital not exceeding 100 billion(Decree 39/2018/ND-CP, 2018).

2.2. Production and business efficiency

Efficiency is a crucial criterion for evaluating w88 chuẩn nhất performance of a business(Zeitun R and Tian G.G, 2007). Efficiency calls for reducing expenses and maximizing profits for a given level of output, as opposed to productivity, which a company achieves by maximising w88 chuẩn nhất number of units produced in a specific amount of time(Akingunola R.O., Olawale L.S. and Olan J.D., 2017). Making a profit is one of w88 chuẩn nhất most important goals of businesses, and in w88 chuẩn nhất current economic climate, firms must do it in order to survive and grow(Krishna Moorthy etal., 2012). Profit is crucial for w88 chuẩn nhất entire economy, not just for businesses and sectors, as it enables them to reinvest in growing their business, replacing outdated machinery and equipment, and advancing technology. It is a foundation for raising workers' living standards, motivating workers to boost labor productivity, and a requirement for enhancing w88 chuẩn nhất effectiveness of production and business operations of enterprises.

As a result, a study of business activities includes a review of business performance. Not merely w88 chuẩn nhất outcomes of business and production operations, which are represented by particular economic indicators that take into account influencing factors, are w88 chuẩn nhất focus of this examination. Prior to now, w88 chuẩn nhất information requirements for basic and small-scale manufacturing and company were not excessive and not sophisticated, and w88 chuẩn nhất analytical work was typically done simply, as can be seen in w88 chuẩn nhất accounting job. Information requirements are diversifying and becoming more sophisticated as firms grow. To address w88 chuẩn nhất information needs of managers, analysis of production and commercial activities was created and developed as a separate science. Therefore, w88 chuẩn nhất process of utilizing analytical approaches to analyze w88 chuẩn nhất entire process, w88 chuẩn nhất input factors influencing production activities, and w88 chuẩn nhất results of production and business on that basis is known as w88 chuẩn nhất analysis of production and business efficiency. Develop strategies and tactics to increase w88 chuẩn nhất effectiveness of businesses' production and business operations.

2.3. Indicators for measuring business performance

Enterprise commercial efficiency is a complicated topic that is connected to all w88 chuẩn nhất elements of production and w88 chuẩn nhất commercial process (means of production, management, tools of w88 chuẩn nhất trade, tasks at hand, etc.). and only when those foundational components are employed properly will it be really powerful(Krishna Moorthy etal., 2012). Building a comprehensive and comprehensive system of indicators that both reflect w88 chuẩn nhất aggregate, w88 chuẩn nhất profitability, and reflect w88 chuẩn nhất efficiency of each factor of production, each type of investment capital, etc. is necessary in order to accurately and scientifically assess w88 chuẩn nhất business performance of enterprises. Statistics frequently employ two broad calculation methods to analyze company performance in order to satisfy w88 chuẩn nhất aforementioned standards.

w88 chuẩn nhất best way is:Production Efficiency is calculated as: Outputs - Input Costs(Krishna Moorthy etal., 2012).

This method is simple and easy to calculate but has certain limitations; it does not fully reflect w88 chuẩn nhất quality of w88 chuẩn nhất business as well as w88 chuẩn nhất potential to improve w88 chuẩn nhất business efficiency of enterprises. enterprises and enterprises themselves through different research periods.

Way two:Operational Effectiveness = Outputs / Input Costs(Krishna Moorthy etal, 2012).

According to this approach, w88 chuẩn nhất profitability of w88 chuẩn nhất production process' inputs is reflected in how well business and production operations are run.

Operational efficiencies = Input/ Output costs (calculated in opposite direction).

This indication shows how many input cost units are required to produce one production unit.

3. Research

3.1. Research Methods

3.1.1. Research process

To have an overview, w88 chuẩn nhất research process is built as follows:

3.1.2 Research Methods

* Method of descriptive statistics

Describing and evaluating w88 chuẩn nhất growth of SMEs in Ninh Thuan over w88 chuẩn nhất past few years using w88 chuẩn nhất method of descriptive statistics. Some criteria, such as w88 chuẩn nhất absolute number, relative number, average number, etc., are utilized as research criteria in w88 chuẩn nhất description to address w88 chuẩn nhất fundamental issues addressed by w88 chuẩn nhất study.

* w88 chuẩn nhất technique used to gather data

- Secondary data:collected in w88 chuẩn nhất province of Ninh Thuan. Reports from w88 chuẩn nhất People's Committees of Ninh Thuan Province at all levels, w88 chuẩn nhất Department of Planning and Investment, w88 chuẩn nhất Department of Industry and Commerce, w88 chuẩn nhất Statistics Office, and a number of studies, periodicals, newspapers, w88 chuẩn nhất Internet, and articles on w88 chuẩn nhất topic. Several writers on w88 chuẩn nhất growth of SMEs.

- Primary data:by w88 chuẩn nhất use of a prepared questionnaire. Through a questionnaire survey of small and medium-sized firms that have started production and business activities in Ninh Thuan Province, 145 samples (from w88 chuẩn nhất list of w88 chuẩn nhất Ninh Thuan Provincial Department of Statistics) were gathered. A sufficient number of questionnaires were chosen and disseminated immediately in order to guarantee w88 chuẩn nhất quantity of study samples and prevent duplication. Two surveys were conducted to get w88 chuẩn nhất raw data: a preliminary survey and a formal survey.

+ Preliminary Survey: Sample 10 institutions to look for questionnaire errors.

+ Formal survey: conducted after revising w88 chuẩn nhất questionnaire using w88 chuẩn nhất findings of an earlier study. w88 chuẩn nhất number of sampling units chosen in accordance with w88 chuẩn nhất sampling technique.

w88 chuẩn nhất creation of w88 chuẩn nhất questionnaire comprehensively covered business results, which are w88 chuẩn nhất main factors driving SME activity. Additionally, it will focus on information about w88 chuẩn nhất respondents including their gender, level of education, age, and employment.

* A method for calculating w88 chuẩn nhất sample size

Sampling method: practical In research, sampling is a non-probability sampling strategy.

w88 chuẩn nhất sample size for multivariate regression analysis will depend on how many independent variables are included in w88 chuẩn nhất research model. Numerous scholars have created a wide variety of sample size calculating algorithms to fit every study setting. According to Green (1991), w88 chuẩn nhất study model has nine independent variables. Tabachnick and Fidell (2007) created w88 chuẩn nhất formula to determine sample size n 50 + 8.p (p denotes w88 chuẩn nhất presence of independent variables in w88 chuẩn nhất model). Thus, with p = 9, a sample size of above 122 is expected for w88 chuẩn nhất research topic in order to aid in analysis, ensure homogeneity, and ensure that enough observations are representative of w88 chuẩn nhất entire study.Data analysis software

Based on primary data, collect data from w88 chuẩn nhất questionnaire. Then w88 chuẩn nhất author uses w88 chuẩn nhất Microsoft Excel program to process, synthesize, and analyze data according to w88 chuẩn nhất content of w88 chuẩn nhất topic as follows: Using w88 chuẩn nhất descriptive statistics method with indicators such as frequency, rate, mean, and standard deviation and determining w88 chuẩn nhất influencing factors in w88 chuẩn nhất quantitative model of w88 chuẩn nhất topic using SPSS 25.0 software to render.

3.2. Proposed research model

w88 chuẩn nhất purpose of empirical research in economics is to explain w88 chuẩn nhất relationship between a dependent variable Y and one or more explanatory variables (X1,..., Xi). To do this, we want to know what effect Xi has on Y-both w88 chuẩn nhất direction and magnitude of w88 chuẩn nhất effect. w88 chuẩn nhất methods used to estimate this type of model are (i) w88 chuẩn nhất multivariable linear regression model, (ii) w88 chuẩn nhất fixed effects regression model (FEM), and (iii) w88 chuẩn nhất random effects model. (REM). For w88 chuẩn nhất FEM model and w88 chuẩn nhất REM model used in panel data analysis (panel data is a combination of cross-sectional and temporal data). In w88 chuẩn nhất content of his research, w88 chuẩn nhất author has chosen multivariable linear regression as w88 chuẩn nhất research method.

3.3. Results of research

3.3.1. Analyze w88 chuẩn nhất results

* Conclusions from a study of w88 chuẩn nhất situation of SME development in w88 chuẩn nhất present

Ninh Thuan has put regulations in place to entice investment from w88 chuẩn nhất business community. As a result, 235 new firms with a combined registered capital of 7,321.7 billion VND were established in Ninh Thuan Province in 2018. This reflects an increase of 07 enterprises during w88 chuẩn nhất same period, but a decrease of 47.2% in registered capital. Out of all w88 chuẩn nhất enterprises listed above, w88 chuẩn nhất field of commerce and services has w88 chuẩn nhất most active businesses, followed by w88 chuẩn nhất construction industry, industry, and agro-forestry-fishery. As of December 31, 2018, there were a lot of new enterprises entering w88 chuẩn nhất market, especially in industries including electricity production, distribution, building and real estate, consulting services, and design. A few companies that stopped operating in 2017 have also started up again as of w88 chuẩn nhất beginning of this year.

Small size, corporate governance, equipment, and business capital are only a few of w88 chuẩn nhất distinctive long-term obstacles and limitations that SMEs in Ninh Thuan encounter and that have an impact on their growth and competitiveness. Obtaining financing is difficult because there isn't any corporate collateral. w88 chuẩn nhất market is not very competitive, productivity is low, and w88 chuẩn nhất quality of manufacturing and company operations is still subpar due to outdated machinery and technology, a lack of experienced management, and a labor scarcity. poor and inadequate abilities, especially a lack of funding for operations and production.

Even while it has improved, there are still a number of issues with w88 chuẩn nhất business climate. Policies and programs that advance enterprises or socioeconomic growth in general are gradual, unequal, and inconsistent.

* Factors that have a big impact on how successfully a business performance

w88 chuẩn nhất research's findings have been used to describe w88 chuẩn nhất sample of SMEs in Ninh Thuan that were surveyed. Nine out of w88 chuẩn nhất eleven factors affecting these two outcomes are variables, according to w88 chuẩn nhất findings of w88 chuẩn nhất study's multivariable regression analysis of w88 chuẩn nhất factors influencing production and business efficiency of SMEs. w88 chuẩn nhất following are w88 chuẩn nhất findings of w88 chuẩn nhất analysis using w88 chuẩn nhất linear regression model:

Table 1. A list of w88 chuẩn nhất factors impacting output and business effectiveness

Because w88 chuẩn nhất significance level of 0.000 in both models is so little, it is reasonable to reject w88 chuẩn nhất hypothesis H0, which claims that there is a linear relationship between production and business performance of SMEs (as assessed by w88 chuẩn nhất rate of return). When at least one of w88 chuẩn nhất components-for example, profit after tax on equity (ROE) or profit after tax on total assets (ROA)-is an independent variable, w88 chuẩn nhất linear regression model is sufficiently provided. w88 chuẩn nhất facts.

w88 chuẩn nhất adjusted coefficients of determination for w88 chuẩn nhất two models, R2, are rather acceptable (89.7% for ROE and 83.7% for ROA); this index represents w88 chuẩn nhất overall volatility of w88 chuẩn nhất explanation's influencing variables. ROE and ROA together account for about 83% of an organization's business efficiency. Out of w88 chuẩn nhất total of 09 components that are influenced by w88 chuẩn nhất model, it was found through w88 chuẩn nhất model test that one element of w88 chuẩn nhất inventory coefficient X9 (Inventories at w88 chuẩn nhất end of w88 chuẩn nhất year / Total assets at w88 chuẩn nhất end of w88 chuẩn nhất year) has no significant meaning. These variables are not significant for either of w88 chuẩn nhất indicators, ROE or ROA. For ROA and ROE, respectively, X1 (Business Size) and X2 (Age of Business Management) are statistically insignificant. w88 chuẩn nhất remaining variables are statistically supported with w88 chuẩn nhất level of significance of 10%.

Through five experiments, it was determined that w88 chuẩn nhất following factors influence w88 chuẩn nhất ROE of businesses in w88 chuẩn nhất province of Ninh Thuan. w88 chuẩn nhất coefficients of w88 chuẩn nhất variables in w88 chuẩn nhất findings on w88 chuẩn nhất column (Standardized regression coefficient) are statistically significant as shown in Table 2.

Table 2. Factors that affect ROE

Source: Taken from SPSS

In w88 chuẩn nhất same token, w88 chuẩn nhất following factors have been identified as influencing w88 chuẩn nhất ROA of enterprises in Ninh Thuan through five experiments:

Table 3. Extent of factors' impact on ROA

Source: Taken from SPSS

3.3.2. Managerial implications

* w88 chuẩn nhất situation of SME development and solutions

Ninh Thuan is concentrating on adopting several policies and programs to assist industrial promotion activities to help establishments and businesses increase their productivity since it recognizes SME development as a key lever in supporting socio-economic development. growing consumption market and production capability. w88 chuẩn nhất greatest challenge currently facing SMEs is finding new sources of funding for reinvestment, as well as promoting and growing consuming markets.

To maximize investment costs, organizations must increase business efficiency in addition to design and quality. They also need to promote promotion through social networks and information channels. On w88 chuẩn nhất other hand, Ninh Thuan needs to implement business development policies in an efficient manner, particularly those that support initiatives that boost start-ups and w88 chuẩn nhất conversion of business homes into enterprises. w88 chuẩn nhất Young Entrepreneurs Association has effectively played w88 chuẩn nhất role of w88 chuẩn nhất link between businesses and w88 chuẩn nhất government, promptly reflecting w88 chuẩn nhất difficulties and obstacles that need to be resolved for businesses in a timely manner and directing efforts to remove them in order to create w88 chuẩn nhất most favorable conditions for businesses and investors. This is in addition to supporting w88 chuẩn nhất role of business associations.

Market research, output support, and trade promotion organization. Additionally, in order to identify and recognize high-quality products that are beneficial for use and have development potential, voting and recognition of common products are held annually to inspire and motivate businesses and establishments to take greater action in preserving and enhancing quality, brand, and competitiveness in w88 chuẩn nhất market.

* Solutions to production and operational efficiency issues

According to w88 chuẩn nhất model's study results, there are 04 influencing elements that have a significant impact on w88 chuẩn nhất productivity of production and business operations of firms in Ninh Thuan as measured by two indicators. Target ROE and ROA that manage costs effectively (X8), invest in fixed assets (X7), have good input management (X5), and have w88 chuẩn nhất capacity to ensure sales income on products and services (X4). In addition to w88 chuẩn nhất requirement for an open business environment, these firms must have w88 chuẩn nhất proper management policies and strategies if they are to increase production, increase business efficiency, and develop significantly. with challenges during each time. To do that in w88 chuẩn nhất present, businesses must:

* Managing costs in a business

Firstly,when implementing cost reduction, it is important to explicitly define w88 chuẩn nhất steps or processes that are not required. Cost management is a major priority because costs are incurred when a business is operating. Cost management will boost productivity and boost w88 chuẩn nhất company's earnings.

Secondly,to promote and participate in sustainable growth-oriented cost management, use goals for increasing sales and profits. Invest heavily in marketing, working with partners, and innovating management and business to meet growth targets while making significant savings on fundamental operational costs.

Thirdly, assess, investigate, and revise cost reduction targets on a regular basis to reflect current cost realities and particular company strategies. For instance, organizations must explicitly define w88 chuẩn nhất percentage of w88 chuẩn nhất profit that will be allocated before setting profit growth targets to encourage managers to reduce various costs to support growth. Profit from cost-cutting measures and w88 chuẩn nhất proportion that results from other business development and improvement initiatives.

* Increase capability for fixed asset investment and capital mobilization

Firstly,be proactive in your use of funding sources for commercial endeavors and in keeping with your organization's capabilities and goals. To secure long-term stability at w88 chuẩn nhất lowest possible cost, increase capital in a variety of appropriate and practical ways. Along with selecting a low-cost form of capital raising, creating a system of enterprise financial management procedures to assure consistency, proximity, and efficiency.

Secondly,developing business strategies that are realistic, fit for organizations, have clear objectives and roadmaps, and have a high probability of success. determining w88 chuẩn nhất most acceptable capital expenditure, particularly for machinery and equipment purchases for joint ventures and associations.

Thirdly, invest in w88 chuẩn nhất acquisition of assets, machinery, and equipment in an amount and quality adequate to meet w88 chuẩn nhất needs of w88 chuẩn nhất business and w88 chuẩn nhất enterprise's production strategy.

* Inventory management and control of w88 chuẩn nhất cost of products sold

Businesses will be somewhat better able to comprehend w88 chuẩn nhất state of production and company with appropriate monitoring and management of w88 chuẩn nhất inventory turnover index. w88 chuẩn nhất firm will encounter some challenges whether there is excessive or very little inventory. It is challenging to determine w88 chuẩn nhất ideal level of inventory. Additionally, this is based on how each enterprise's business lines and business strategy are structured. However, one of w88 chuẩn nhất inventory management errors is failing to determine w88 chuẩn nhất inventory level, thus firms must.

Firstly, in order to make adjustments and demand projections, businesses handle data on sold goods, actual inventories, etc., and watch market trends as well as production schedules. consumption going forward. Additionally, it is not easy for businesses to evaluate w88 chuẩn nhất value of inventory since they must consider a variety of elements, including cost price, market price, true worth of inventory, purchase fee, preservation, transportation, depreciation, etc. inventory, shortage, and inventory cost, etc.

Secondly,w88 chuẩn nhất input for w88 chuẩn nhất production of w88 chuẩn nhất business is w88 chuẩn nhất supplier partner. w88 chuẩn nhất ability of w88 chuẩn nhất partner to supply input goods, as well as their financial and manufacturing capabilities, is w88 chuẩn nhất following element to be taken into account.

Thirdly,businesses can calculate w88 chuẩn nhất appropriate inventory levels through predictive analysis of w88 chuẩn nhất supply and demand for commodities. w88 chuẩn nhất duration between placing an order and receiving w88 chuẩn nhất items (which must be calculated in advance in order to avoid being passive) or w88 chuẩn nhất demand for supply and materials are both crucial factors to consider because consumer needs frequently fluctuate. If w88 chuẩn nhất order is not placed at w88 chuẩn nhất appropriate moment, w88 chuẩn nhất production department may experience a shortage or surplus of raw materials as a result of changes in its needs.

* Options to improve asset turnover efficiency

Businesses generate in response to consumer demand. Currently, in w88 chuẩn nhất market, w88 chuẩn nhất competition between businesses operating in w88 chuẩn nhất same industry is escalating. As a result, all companies must work to boost their competitiveness, improve their quality, and reduce their prices. This can only be done when businesses integrate into w88 chuẩn nhất market. Enhance w88 chuẩn nhất technical content significantly. For items in a highly competitive market with quick technological advancements, as those in w88 chuẩn nhất architectural sector, this necessitates enterprises to have an investment strategy to renovate and invest in new assets in w88 chuẩn nhất short and long term. w88 chuẩn nhất efficiency of asset usage is also influenced by w88 chuẩn nhất loan interest rate. When interest rates vary, investments in equipment acquisitions will change because loan interest rates affect investment costs.

4. Conclusion

Through w88 chuẩn nhất use of w88 chuẩn nhất two metrics ROE and ROA, this study examines factors influencing w88 chuẩn nhất business performance of 145 Ninh Thuan-based SMEs. w88 chuẩn nhất study's findings indicate that w88 chuẩn nhất cost coefficient (X8), business capacity (X5), and revenue growth rate (X6) have a negative impact on an organization's ability to operate profitably and efficiently. Along with Enterprise size (X1), age of enterprise management (X2) favorably affecting ROE and HTK Coefficient (X9) adversely affecting ROA, fixed assets (X7), asset turnover ratio (X4), and corporate governance ratio of enterprise management (X3) all positively affecting ROE and ROA.

w88 chuẩn nhất author has put out some ideas for w88 chuẩn nhất growth of businesses to increase company efficiency, along with suggestions for increasing design and quality and encouraging promotion through social media and information channels. help reduce w88 chuẩn nhất cost of investments. On w88 chuẩn nhất other hand, Ninh Thuan must successfully implement policies to support business development, particularly support initiatives to encourage w88 chuẩn nhất establishment of new businesses and support w88 chuẩn nhất transformation of households into businesses. Taking prompt action to remove challenges and barriers will help to establish w88 chuẩn nhất best possible environment for businesses and investors. w88 chuẩn nhất following are some remedies for affecting factors: (1) Reducing costs in manufacturing and company operations while maintaining w88 chuẩn nhất desired efficiency requires each enterprise to develop cost-cutting strategies. How to effectively manage and control fees; (2) Enhance your ability to raise money and invest in fixed assets. Increase your capital in a variety of sensible and doable ways to guarantee long-term stability at w88 chuẩn nhất lowest possible price. Additionally, a low-cost technique of acquiring cash might be used; (3) Effectively managing w88 chuẩn nhất HTK turnover ratio and controlling cost of products sold would assist firms better comprehend their current financial status; (4) Ways to improve w88 chuẩn nhất asset usage cycle's effectiveness Businesses efficiently use w88 chuẩn nhất proper machinery and equipment for w88 chuẩn nhất relevant jobs, increasing output volume and revenue; (5) Develop an acceptable strategy and business plan based on w88 chuẩn nhất current scenario as one way to (a) boost revenue; (b) Increasing competitiveness from a business perspective requires bettering w88 chuẩn nhất standard of company organization and management, w88 chuẩn nhất caliber of human resources, and w88 chuẩn nhất caliber of products; (c) Strengthening a team of managers with a strong sense of duty, as well as those with w88 chuẩn nhất necessary credentials, abilities, and managerial abilities.

References:

1. Abbasali Pouraghajan, Esfandiar Malekian & partner (2012). w88 chuẩn nhất Relationship between Capital Structure and Firm Performance Evaluation Measures: Evidence from w88 chuẩn nhất Tehran Stock Exchange. International Journal of Business and Commerce, 1(9), May 2012[166-181] (ISSN: 2225-2436).
2. Anne Ngima Kinyua (2014). Factors Affecting w88 chuẩn nhất Performance of Small and Medium Enterprises in w88 chuẩn nhất Jua Kali Sector In Nakuru Town, Kenya. Journal of Business and Management. e-ISSN :2278- 487X. p-ISSN: 2319-7668, 6(1). Ver. IV (Jan. 2014), 80-93.
3. Akingunola R.O., Olawale L.S. and Olan J.D. (2017). Capital Structure Decision and Firm Performance: Evidence from Non-Financial Firms in Nigeria. Journal of Acta Universitatis Danubius. Economica, 13(6).
4. Chuthamas Chittithawom et al. (2011). Factors Affecting Business Success of Small & Medium Enterprises (SMEs) in Thailand. Asian Social Science, 7(5); May 2011.
5. Girlie Ndoro (2012). Executive compensation and firm performance: evidence from w88 chuẩn nhất UK charities. A Thesis Submitted to w88 chuẩn nhất University of Nottingham for w88 chuẩn nhất Degree of Doctor of Philosophy.
6. Green, S. B. (1991). How many subjects does it take to do a regression analysis? Multivariate Behavioral Research, 26, 499-510.
7. Krishna Moorthy et al. (2012). A Study on Factors Affecting w88 chuẩn nhất Performance of SMEs in Malaysia. International Journal of Academic Research in Business and Social Sciences, 2(4), ISSN: 2222-6990.
8. Mathew Philip (2010). Factor Affecting Business Success of Small & Medium Enterprises. Asia Pacific Journal of Research in Business Management, 1(2), (November, 2010), ISSN 2229-4104.
9. Nurul Indarti et al. (2004). Factors affecting business success among SMEs Indonesia. Proceedings of w88 chuẩn nhất Second Bi-Annual European Summer University 2004, (19) 20 & 21 September 2004, University of Twente, Enschede, w88 chuẩn nhất Netherlands.
10. Ong Tze San and Teh Boon Heng (2011). Capital Structure and Corporate Performance of Malaysian Construction Sector. Centre for Promoting Ideas, USA. International Journal of Humanities and Social Science, 1(2); Feb 2011.
11. Pedro Juan García-Teruel and Pedro Martínez-Solano (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance Journal, 3(4).
12. Province of Ninh Thuan's People's Committee (2019). Support small and medium-sized businesses in w88 chuẩn nhất province of Ninh Thuan that have been transformed from homes with businesses.
13. Tabachnick, B. G., & Fidell, L. S. (2007). Using Multivariate Statistics (5th ed.). New York: Allyn and Bacon.
14. Tim Coelli J., D. S. P. Rao, O’Donnell C. J.,G. E. Battese (2005). An Introduction to Efficiency and Productivity Analysis. Second Edition, Springer Publishers.
15. Vo Thanh Danh, Ong Quoc Cuong & Tran Ba Quang (2013). Analysis of w88 chuẩn nhất elements influencing w88 chuẩn nhất growth of w88 chuẩn nhất economy of small and medium-sized businesses in w88 chuẩn nhất province of Hau Giang. Political science, economics, and law in w88 chuẩn nhất Journal of Science from Can Tho University, 27, 34-44.
16. Zeitun R and Tian G.G. (2007). Capital structure and corporate performance: evidence from Jordan. Australasian Accounting Business and Finance Journal. 1(4).

Phân tích các nhân tố ảnh hưởng đến hiệu quả sản xuất kinh doanh của doanh nghiệp nhỏ và vừa tại tỉnh Ninh Thuận

NCS. ĐỖ VĂN LY

ThS. PHAN THÀNH VŨ

Trường Đại học Nông Lâm TP. Hồ Chí Minh - Phân hiệu Ninh Thuận

TÓM TẮT:

Nghiên cứu sử dụng phương pháp phân tích hồi quy để phân tích các nhân tố ảnh hưởng đến hiệu quả kinh doanh của các doanh nghiệp vừa và nhỏ trên địa bàn tỉnh Ninh Thuận thông qua chỉ tiêu lợi nhuận sau thuế trên vốn chủ sở hữu (ROE) và chỉ tiêu lợi nhuận sau thuế trên tổng tài sản (ROA). Kết quả phân tích cho thấy, tỷ lệ tổng chi phí trên tổng doanh thu, tỷ lệ giá vốn hàng bán trên bình quân hàng tồn kho, tốc độ tăng trưởng doanh thu tác động ngược chiều đến chỉ tiêu ROE và ROA của các doanh nghiệp. Trong khi đó, tỷ lệ tài sản cố định trên tổng tài sản, tỷ lệ thu nhập ròng trên bình quân tổng tài sản, số năm đi học của chủ doanh nghiệp tác động tích cực đến ROE và ROA của các doanh nghiệp. Nghiên cứu cũng đề xuất các giải pháp tăng hiệu quả kinh doanh và các giải pháp tổng hợp nhằm tăng hiệu quả sử dụng vốn vay.

Từ khóa: hiệu quả, sản xuất - kinh doanh, doanh nghiệp nhỏ và vừa, tỉnh Ninh Thuận.

[Tạp chí Công Thương - Các kết quả nghiên cứu khoa học và ứng dụng công nghệ, Số 16 tháng 7 năm 2023]