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Article
Publication date: 4 May 2021

Hanvedes Daovisan and Thanapauge Chamaratana

The Lao People's Democratic Republic (Lao PDR) has a socialist transition economy with a high growth rate of entrepreneurial families compared to other member states of…

Abstract

Purpose

The Lao People's Democratic Republic (Lao PDR) has a socialist transition economy with a high growth rate of entrepreneurial families compared to other member states of the Association of Southeast Asian Nations (ASEAN) Economic Community. A significant challenge for entrepreneurial family growth includes vigorously seeking the capital assets necessary for their survival, due to ongoing competition. The purpose of this paper is to estimate the capital assets of Laotian entrepreneurial families require to be competitive in the garment industry.

Design/methodology/approach

The study adopted a multi-stage sampling technique, with a representative sample size of 350 Laotian entrepreneurial families. The approach was a structural schedule interview at participating families home addresses between August and December 2017. The study uses a three-stage least squares (3SLS) regression model to estimate whether capital assets have a positive association with competition and was organised with the assistance of Stata 16, a software programme.

Findings

The main findings show that, using the 3SLS regression model as the instrument, the values are almost identical and fit the data well. The model shows that capital assets (human, financial, social, physical and natural) have a positive and significant relationship with competition. The study suggests that financial capital is a major determinant of the capital assets to build competitive advantage.

Originality/value

To the best of the authors' knowledge, this is the first research to estimate the capital assets of Laotian entrepreneurial families in Vientiane, Lao PDR. The findings contribute to research about existing optimal capital assets that can be used to maintain long-term competitive advantage.

Details

Journal of Small Business and Enterprise Development, vol. 28 no. 4
Type: Research Article
ISSN: 1462-6004

Keywords

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Article
Publication date: 20 August 2020

Hanvedes Daovisan and Thanapauge Chamaratana

The labour force is the cornerstone of the economy of Lao People's Democratic Republic (Lao PDR). Labour market growth seems to be vigorously increased by using labourers'…

Abstract

Purpose

The labour force is the cornerstone of the economy of Lao People's Democratic Republic (Lao PDR). Labour market growth seems to be vigorously increased by using labourers' capital to foster work-related employees’ well-being, through enhancing their life satisfaction. This study examines whether linking social, human and financial capital are important for the labour force in Lao PDR and whether there is a positive relationship between occupational well-being and life satisfaction.

Design/methodology/approach

The authors tested the hypotheses using partial least squares structural equation modelling (PLS-SEM). Using a systematic sampling approach, the study employed structured interviews; data were collected from 1,037 members of the labour force, between 2017 and 2019.

Findings

The structural model indicated that linking social and human capital and occupational well-being were significantly positively related to life satisfaction. However, the present study found that financial capital was non-significantly related to life satisfaction. The substantive and practical implications of these findings are discussed.

Originality/value

This is the first research study to investigate the relationship between occupational well-being and life satisfaction using a Laotian sample.

Details

Employee Relations: The International Journal, vol. 43 no. 4
Type: Research Article
ISSN: 0142-5455

Keywords

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Article
Publication date: 17 August 2020

Hanvedes Daovisan and Thanapauge Chamaratana

The purpose of this study is to apply a grounded theory (GT) approach to develop a theory of resistance to change in the financial management of Laotian family firms.

Abstract

Purpose

The purpose of this study is to apply a grounded theory (GT) approach to develop a theory of resistance to change in the financial management of Laotian family firms.

Design/methodology/approach

The research adopts a GT approach, using a theoretical sampling procedure. Interviews were conducted with 36 Laotian family firms between April 2017 and May 2019. The in-depth interview transcriptions were analyed using open coding, axial coding and selective coding.

Findings

The interviewees identified that strategic planning, budgeting and management processes are factors influencing resistance to change. Research results show that accounting portfolios, investment decisions and return on assets are aspects of financial management that are particularly prone to change. The authors, therefore, suggest that Laotian family firms’ reduction in confidence and loss aversion may activate resistance to the adoption of more efficient financial management practices.

Originality/value

To the best of the authors’ knowledge, this is the first research to attempt to use grounded data to emerge a theory of resistance to change in financial management in Laos.

Details

Journal of Accounting & Organizational Change, vol. 16 no. 3
Type: Research Article
ISSN: 1832-5912

Keywords

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Article
Publication date: 5 July 2021

Pimporn Phukrongpet, Hanvedes Daovisan and Panarat Satsanasupint

The purpose of this study is to explore the drivers of innovative behaviour of sustainable community-based enterprises (SCBEs) in the Mahasarakham province, Thailand.

Abstract

Purpose

The purpose of this study is to explore the drivers of innovative behaviour of sustainable community-based enterprises (SCBEs) in the Mahasarakham province, Thailand.

Design/methodology/approach

Drawing on insights from a qualitative case study method, this paper uses a purposive sampling technique with 30 SCBEs from December 2019 to December 2020. This study uses in-depth interviews and applied content analysis (e.g. theme, categorisation, quotation and coding), using the ATLAS.ti software.

Findings

This case study shows that transforming the community into an enterprise is related to creation, venture and innovative management, sustained in community-based enterprises. The findings reveal that innovative behaviour is associated with intention, thinking, orientation, product development, service, collaboration, competition and technology, which drives SCBEs.

Originality/value

This study contributes to the understanding of community-based group and cooperative community-based enterprise with innovative behaviour, which can drive SCBEs growth.

Details

International Journal of Innovation Science, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1757-2223

Keywords

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Article
Publication date: 30 December 2019

Hanvedes Daovisan and Thanapauge Chamaratana

The purpose of this paper is to understand the sources of financing accumulation that women entrepreneurs of family businesses use for start-up capital in the garment…

Abstract

Purpose

The purpose of this paper is to understand the sources of financing accumulation that women entrepreneurs of family businesses use for start-up capital in the garment sector of the Lao People’s Democratic Republic (Lao PDR).

Design/methodology/approach

This study presents insights gleaned from a qualitative case study into the ways in which women in Lao PDR finance their family businesses in the start-up phase. The authors conducted 36 in-depth interviews – the study used this purposive sample in each of its five rounds of data collection. The data were collected between December 2018 and April 2019 and were analysed by conducting a content analysis assisted by the software programme ATLAS.ti.

Findings

The results, though highly case specific, show Lao women’s ability to: accrue their experience, apply their knowledge, engage in self-employment, support their families and aspire to become entrepreneurs. The findings clearly illustrate that women are opportunity and necessity driven, can accumulate income, possess savings behaviour, can manage working capital, investment and accounting and have access to finance (loan and debt) and thus have the potential to become successful entrepreneurs.

Originality/value

By contextualizing women’s entrepreneurial practices, the paper contributes to an understanding of the sources of financing accumulation used for start-up capital in Vientiane, Lao PDR. Theoretically, the paper extends the knowledge of women entrepreneurs seeking the optimal stock of finance which has the potential to drive family business success.

Details

Journal of Family Business Management, vol. 10 no. 3
Type: Research Article
ISSN: 2043-6238

Keywords

Content available

Abstract

Details

Employee Relations: The International Journal, vol. 43 no. 4
Type: Research Article
ISSN: 0142-5455

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