Since 2014
Structural Equation Model of Small and Medium Enterprise Management Based on the Philosophy of Sufficiency Economy
WMS Journal of Management
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| Title |
Structural Equation Model of Small and Medium Enterprise Management Based on the Philosophy of Sufficiency Economy
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| Creator |
Songsom, Anuwat
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| Description |
The purpose of this research was to develop a structural equation model of small and medium enterprises (SMEs) management based on the philosophy of sufficiency economy. The sample consisted of 504 entrepreneurs in Songkhla province by multi-stage sampling. The research was analyzed by 5 latent variables: knowledge, morality, moderation, reasonableness and self-immunity; with 25 observed variables. The questionnaires were used as a research instrument which measured on five-point Likert scales. The major findings show that the structural equation model was valid and fit to the empirical data(c2=411.28, df=212, c2/df=1.94, CFI=0.96, SRMR=0.054, RMSEA=0.049). The model accounted for 0.78-0.89 of construct reliability, and 0.62-0.76 of the average variance extracted. In hypothesis testing, it was found that the knowledge factor exhibited direct influence on the morality, moderation, reasonableness, and self-immunity of the SMEs. The morality factor exhibited direct influence on the moderation and reasonableness of the SMEs at significant level .05
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| Publisher |
WMS Journal of Management
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| Date |
2016-03-22
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Original Articles Commentary |
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| Format |
application/pdf
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| Identifier |
http://tci-thaijo.org/index.php/wms/article/view/52772
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| Source |
WMS Journal of Management; Vol 3 No 2 (2014): May - August 2014; 51-56
2286-718X |
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| Language |
eng
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| Relation |
http://tci-thaijo.org/index.php/wms/article/view/52772/43815
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| Rights |
Copyright (c) 2017 WMS Journal of Management
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