Seeking a Sustainable Technology of Governance to Support Small and Medium Enterprises: A Study from the ASEAN Countries

Harun Harun (), David Carter () and Habib Khan ()
Additional contact information
Harun Harun: James Cook University
David Carter: The University of Canberra
Habib Khan: The University of Canberra

Chapter Chapter 2 in Innovation-Driven Business and Sustainability in the Tropics, 2023, pp 7-28 from Springer

Abstract: Abstract The study aims to provide a better understanding with respect to key institutional environment and challenges associated with the adoption of technology of governance by small and medium enterprises (SMEs) in ten countries of the Association of the Southeast Asia Nations (ASEAN). The empirical data of the study was collected from a survey of 200 professional accountants in 10 ASEAN countries, in-depth interviews with 65 participants including the owners of SMEs, regulators, and government officials in the region. We find that although all ASEAN countries recognize the significant economic role of SMEs, incoherent and contradictory definitions of SMEs across ASEAN countries persist. Beyond this, there is a naive assumption among policy makers and the accounting profession who believe that the success of SME companies is how to become a big company like a multinational firm. Unfortunately, such an assumption has an impact on policy making in support of SMEs. Consequently, training, skills uptakes and technological support provided by the accounting, professional, international, and governmental bodies in the ASEAN also fail to meet the real needs of SMEs from the economic and sustainability perspective of these entities. The study warns that micro-entrepreneurs have been excluded from all accounting service processes, standard-setting processes and government support according to the needs of SMEs. Finally, this study provides recommendations for government agencies, accounting professional bodies and standard setters across the ASEAN to enhance the existing roles of SMEs in the future with the support of sustainable technology of governance.

Keywords: SMEs; emerging economies; IFRS; the ASEAN; micro enterprises (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-2909-2_2

Ordering information: This item can be ordered from
http://www.springer.com/9789819929092

DOI: 10.1007/978-981-99-2909-2_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().