Title: The Financial Management Model of Small and Micro Enterprises in Haikou City, Hainan Province
Author: Tong Xiaoqiong
Advisor: Dr. Zhang Li
Degree: Master of Business Administration
Major: Finance and Accounting
Faculty: บัณฑิตวิทยาลัย (Graduate School)
Academic year: 2567 (2024)
Published: The 8th STIU International Conference “TechVision Leadership: Fostering Social Sustainability” July 4-5 2024 (pp.95-108) Proceedings PDF
Abstract
Small and micro enterprises are pivotal to China’s economic growth and employment levels. However, these enterprises in Haikou City, Hainan Province, are currently facing significant challenges due to increased global competition, global financial crisis, adverse internal and external environments, and rising economic pressures. Effective financial management is essential for their sustainable operation, yet their long-term development and market competitiveness are hampered by a lack of economic motivation.
This study aimed to explore the impact of financial management systems, financial concepts, economic environment, and performance evaluation on the optimization of the financial management model in small and micro enterprises in Haikou City, Hainan Province.
This study investigated the financial management model of small and micro enterprises in Haikou City, utilizing a quantitative research method. A sample of employees in different job positions from 20 companies was selected, leading to the collection of 240 questionnaires. This study found that financial management systems, financial concepts, economic environment, and performance evaluation had an impact on the optimization of the financial management model of small and micro enterprises in Haikou City, Hainan Province. Recommendation includes:1) Securing adequate funding; 2) Enhancing financial management awareness; 3) Leveraging economic environment; 4) Implementing regular and thorough performance evaluations.
Keywords: small and micro enterprises, financial management model, Haikou City
The Financial Management Model of Small and Micro Enterprises in Haikou City, Hainan Province /
6617195421 Tong Xiaoqiong 2567 (2024) The Financial Management Model of Small and Micro Enterprises in Haikou City, Hainan Province สารนิพนธ์ (Independent Study), Advisor: Dr. Zhang Li, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, Finance and Accounting, Bangkok: Siam University