THE INFLUENCE OF FINANCIAL CAPABILITY AND LIQUIDITY MANAGEMENT COMPETENCY ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN SUPHANBURI PROVINCE FROM THE ENTREPRENEURS’ PERSPECTIVE
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Abstract
This research aimed to examine the influence of financial capability and liquidity management competency on the performance of small and medium enterprises (SMEs) in Suphanburi Province from the entrepreneurs’ perspective. A quantitative research approach was employed. The sample consisted of 220 SME entrepreneurs in Suphanburi Province, determined using the G*Power program and selected through stratified random sampling. The research instrument was a questionnaire. Data were analyzed using descriptive statistics, including frequency, percentage, mean, and standard deviation, as well as inferential statistics using multiple regression analysis with the Enter method.
The results revealed that 1) financial capability, including financial literacy, financial confidence, and financial decision-making, had a positive and statistically significant influence on SME performance, explaining 61.40% of the variance (R² = 0.614) with an adjusted R² of 0.607. 2) Liquidity management competency, including cash management, accounts receivable management, and inventory management, had a positive influence on SME performance, whereas accounts payable management showed a negative influence. The model explained 57.60% of the variance (R² = 0.576) with an adjusted R² of 0.568. These findings provide empirical evidence that can be utilized by policymakers, educational institutions, and entrepreneurs to enhance financial capability and liquidity management practices in SMEs, thereby strengthening business competitiveness and long-term sustainability.
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