THE INFLUENCE OF STRUCTURAL CAPITAL AND ENTREPRENUERSHIP IN TRANSFERRING THE RELATIONAL CAPITAL TOWARDS THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES INNORTHERN REGION OF THAILAND
Keywords:
Structural Capital, Entrepreneurship, Relational CapitalAbstract
This research aimed to study the influence of structural capital and entrepreneurship on the relational capital transfer to the performance of Small and Medium Enterprises in Northern Thailand. Total population and samples were 400 entrepreneurs who participated in the project of the Productivity Improvement Loan of the Small and Medium Enterprise Development Bank of Thailand from random sampling by using purposive sampling method. As the information in the business is important, then it requires the entrepreneurs to voluntarily participate in the project by using a questionnaire as a tool to collect data, data analysis with the descriptive statistics, and multivariate statistical analysis by using the confirmatory factor analysis (CFA) in order to prove and check the suitability and accuracy of the components of relational capital, structural capital, entrepreneurship, and the business performance. The results showed that Small and Medium Enterprises in Northern Thailand in overall was at a high level. When considered each aspect, it found out that all aspects were at a high level, which the highest one was the business performance aspect, followed by the entrepreneurship aspect then the relational capital aspect and structural capital aspect that shared the same mean respectively. In addition, the results also showed the overall model fit measure that had the proportion of the chi-square value/ number of degrees of freedom (CMIN/DF) was equal to 0.00, which passed the criteria (<3). For the group index that had the value of GFI as 1.00 and the value of NFI as 1.00, also passed the overall model fit measure. It can be summarized the model of structural capital (SC) and the entrepreneurship (EN) in the relational capital (RC) on the performance (PM) of Small and Medium Enterprises in Thailand. Moreover, the research results showed that the structural capital and entrepreneurship on the relational capital transfer is important to Small and Medium Enterprises because it had a positive influence on the performance of Small and Medium Enterprises, which will cause Small and Medium Enterprises to have more performance results in the future.
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