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1、ANALYSISOFFACTORSINFLUENCETHEPERFORMANCEOFINDONESIANSMALLANDMEDIUMENTERPRISES(ARECOURSE-BASETHEORYAPPROACH)HerriManagementDepartment,EconomicsFaculty,UniversityofAndalasPadang,25163IndonesiaAddress:KampusUnandLimauManisPadang,25163-SumateraBaratIndonesiaT
2、elp006275171088,fax006275171088,Mobile081363291438Email:herri88@yahoo.com:herri88@hotmail.comSuhairiAbstractThisresearchisaimedatexplainingtherelationshipbasedonresource-basetheoryandcontingencytheoryusedindevelopingresearchframework.Specifically,therelat
3、ionshipisbetweenpersonalityvalues,businessstrategy,environmentaluncertainty,andfirms’performance.Thethreehundreds(300)respondentswhoareentrepreneursfromvariousmanufacturesofsmallandmediumcompaniesinIndonesiahavebeedusedtotestresearchhypothesis.Basedonhira
4、rchicalregression,itcanbeconcludedthatbusinessstrategyismediatingvariableontherelationshipbetweenentrepreneur’spersonalityvaluesandandfirms’performance,andenvironmentaluncertaintyismoderatingvariabletowardstherelationshipbetweenbusinessstrategyandfirms’pe
5、rformance.IntroductionSmallandmediumenterprises(SME)playanimportantrole(Yu,2001),thereforetheydominantthemostnumberoffirmsinheworld,bothindevelopanddevelopingcountries(Day,2000;Wijewardena&Tibbits,1999;Sanjaya,1997).TheroleofSMEismoreimportantindeveloping
6、country,especiallyforIndonesia(Swasono,1986).ThedevelopmentofSMEhasbroughtsomepositiveimpactsalthoughtheyhaven’tbeenabletochangeIndonesianeconomicstructureasawhole(Marzuki,1997;Tambunan,1999).However,therearestillsomefindingsaboutSMEbankruptcywhilesomeSME
7、sareverysuccessrunningtheirbusinessinstead.Theinfluencesoffactorsonfirm’ssuccessaredifferentfromonecountrytoanothercountry.Thedifferencesareduetoeconomicscondition,location,andculture(Wijewardena&Tibbits,1999).Someresearcheshavefoundthatfactorsdetermining
8、bankruptcyalsoinfluencethefirm’ssuccess(Gaskill,Auken,&Manning,1993).Previousresearcheshavenotexplainedcomprehensivelythereasonsofbankruptcyofmanyfirms(Gaskilletal.,1993).Researchersoftenusedrationaltheory(Jennings&