Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia

Togtokhbuyan Lkhagvasuren; Huo Xuexi

doi:doi:10.11648/j.jfa.20140203.12

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Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia

Togtokhbuyan Lkhagvasuren, Huo Xuexi

Published in Journal of Finance and Accounting (Volume 2, Issue 3)

Received: 9 April 2014 Accepted: 18 April 2014 Published: 30 April 2014

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Abstract

This study analyses the profitability of small and medium-sized enterprises (SMEs) in Mongolia. SMEs play a crucial role in the Mongolian economy and are considered to be the stimulus of economic development in the country. The present paper investigates the factors that affect the performance of SMEs. It examines the relationship between returns, gender, age, education, bank advances, turnover volume, innovation, management experience, labour, interest rates, customer base, inflation and exchange rate based on data collected from 200 SMEs that have different capital structures. The equation specified profitability as the dependent variable and loans, sales, firm age, firm size and interest rates as independent variables. All data except interest rates which were derived from Central Bank data were gathered from a primary field survey. The conclusion to our study is that there is a strong positive correlation between sales growth, bank advances, business size and profitability.

Published in	Journal of Finance and Accounting (Volume 2, Issue 3)
DOI	10.11648/j.jfa.20140203.12
Page(s)	41-47
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

SMEs, Returns, Mongolia

References

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APA Style

Togtokhbuyan Lkhagvasuren, Huo Xuexi. (2014). Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia. Journal of Finance and Accounting, 2(3), 41-47. https://doi.org/10.11648/j.jfa.20140203.12

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ACS Style

Togtokhbuyan Lkhagvasuren; Huo Xuexi. Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia. J. Finance Account. 2014, 2(3), 41-47. doi: 10.11648/j.jfa.20140203.12

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AMA Style

Togtokhbuyan Lkhagvasuren, Huo Xuexi. Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia. J Finance Account. 2014;2(3):41-47. doi: 10.11648/j.jfa.20140203.12

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@article{10.11648/j.jfa.20140203.12,
  author = {Togtokhbuyan Lkhagvasuren and Huo Xuexi},
  title = {Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia},
  journal = {Journal of Finance and Accounting},
  volume = {2},
  number = {3},
  pages = {41-47},
  doi = {10.11648/j.jfa.20140203.12},
  url = {https://doi.org/10.11648/j.jfa.20140203.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20140203.12},
  abstract = {This study analyses the profitability of small and medium-sized enterprises (SMEs) in Mongolia. SMEs play a crucial role in the Mongolian economy and are considered to be the stimulus of economic development in the country. The present paper investigates the factors that affect the performance of SMEs. It examines the relationship between returns, gender, age, education, bank advances, turnover volume, innovation, management experience, labour, interest rates, customer base, inflation and exchange rate based on data collected from 200 SMEs that have different capital structures. The equation specified profitability as the dependent variable and loans, sales, firm age, firm size and interest rates as independent variables. All data except interest rates which were derived from Central Bank data were gathered from a primary field survey. The conclusion to our study is that there is a strong positive correlation between sales growth, bank advances, business size and profitability.},
 year = {2014}
}

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TY  - JOUR
T1  - Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia
AU  - Togtokhbuyan Lkhagvasuren
AU  - Huo Xuexi
Y1  - 2014/04/30
PY  - 2014
N1  - https://doi.org/10.11648/j.jfa.20140203.12
DO  - 10.11648/j.jfa.20140203.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 41
EP  - 47
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20140203.12
AB  - This study analyses the profitability of small and medium-sized enterprises (SMEs) in Mongolia. SMEs play a crucial role in the Mongolian economy and are considered to be the stimulus of economic development in the country. The present paper investigates the factors that affect the performance of SMEs. It examines the relationship between returns, gender, age, education, bank advances, turnover volume, innovation, management experience, labour, interest rates, customer base, inflation and exchange rate based on data collected from 200 SMEs that have different capital structures. The equation specified profitability as the dependent variable and loans, sales, firm age, firm size and interest rates as independent variables. All data except interest rates which were derived from Central Bank data were gathered from a primary field survey. The conclusion to our study is that there is a strong positive correlation between sales growth, bank advances, business size and profitability.
VL  - 2
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Author Information

Togtokhbuyan Lkhagvasuren

College of Economics and Management, Northwest A&F University, Yangling, China
Huo Xuexi

College of Economics and Management, Northwest A&F University, Yangling, China

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APA Style

Togtokhbuyan Lkhagvasuren, Huo Xuexi. (2014). Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia. Journal of Finance and Accounting, 2(3), 41-47. https://doi.org/10.11648/j.jfa.20140203.12

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ACS Style

Togtokhbuyan Lkhagvasuren; Huo Xuexi. Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia. J. Finance Account. 2014, 2(3), 41-47. doi: 10.11648/j.jfa.20140203.12

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AMA Style

Togtokhbuyan Lkhagvasuren, Huo Xuexi. Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia. J Finance Account. 2014;2(3):41-47. doi: 10.11648/j.jfa.20140203.12

Copy | Download

@article{10.11648/j.jfa.20140203.12,
  author = {Togtokhbuyan Lkhagvasuren and Huo Xuexi},
  title = {Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia},
  journal = {Journal of Finance and Accounting},
  volume = {2},
  number = {3},
  pages = {41-47},
  doi = {10.11648/j.jfa.20140203.12},
  url = {https://doi.org/10.11648/j.jfa.20140203.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20140203.12},
  abstract = {This study analyses the profitability of small and medium-sized enterprises (SMEs) in Mongolia. SMEs play a crucial role in the Mongolian economy and are considered to be the stimulus of economic development in the country. The present paper investigates the factors that affect the performance of SMEs. It examines the relationship between returns, gender, age, education, bank advances, turnover volume, innovation, management experience, labour, interest rates, customer base, inflation and exchange rate based on data collected from 200 SMEs that have different capital structures. The equation specified profitability as the dependent variable and loans, sales, firm age, firm size and interest rates as independent variables. All data except interest rates which were derived from Central Bank data were gathered from a primary field survey. The conclusion to our study is that there is a strong positive correlation between sales growth, bank advances, business size and profitability.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Analysis of the Returns of Small and Medium-Sized Enterprises in Mongolia
AU  - Togtokhbuyan Lkhagvasuren
AU  - Huo Xuexi
Y1  - 2014/04/30
PY  - 2014
N1  - https://doi.org/10.11648/j.jfa.20140203.12
DO  - 10.11648/j.jfa.20140203.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 41
EP  - 47
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20140203.12
AB  - This study analyses the profitability of small and medium-sized enterprises (SMEs) in Mongolia. SMEs play a crucial role in the Mongolian economy and are considered to be the stimulus of economic development in the country. The present paper investigates the factors that affect the performance of SMEs. It examines the relationship between returns, gender, age, education, bank advances, turnover volume, innovation, management experience, labour, interest rates, customer base, inflation and exchange rate based on data collected from 200 SMEs that have different capital structures. The equation specified profitability as the dependent variable and loans, sales, firm age, firm size and interest rates as independent variables. All data except interest rates which were derived from Central Bank data were gathered from a primary field survey. The conclusion to our study is that there is a strong positive correlation between sales growth, bank advances, business size and profitability.
VL  - 2
IS  - 3
ER  -

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