Get organized or perish: attracting FDI to grow small food enterprises in Bangladesh

References

• Ahmed, M., & Lorica, M. H. (2002). Improving developing country food security through aquaculture development-lessons from Asia. Food Policy, 27(2), 125–141.
   Web of Science ®Google Scholar
• Ahsan, B. (2014). Superstores folding operations on losses. The Financial Express.Retrieved from http://thefinancialexpress-bd.com
   Google Scholar
• Alauddin, M. D., & Chowdhury, M. M. (2015). Small and medium enterprise in Bangladesh-prospects and challenges. Global Journal of Management and Business Research, 15(7), 1–11.
   Google Scholar
• Alfaro, L., Chanda, A., Kalemli-Ozcan, S., & Sayek, S. (2004). FDI and economic growth: The role of local financial markets. Journal of International Economics, 64(1), 89–112.
   Web of Science ®Google Scholar
• Alp, A., & Ustundag, S. (2009). Financial reporting transformation: The experience of Turkey. Critical Perspectives on Accounting, 20(5), 680–699.
   Google Scholar
• Altenburg, T., Kulke, E., Hampel-Milagrosa, A., Peterskovsky, L., & Reeg, C. (2016). Making retail modernisation in developing countries. Bonn: German Institute for Development Policy.
   Google Scholar
• Azman-Saini, W. N. W., Baharumshah, A. Z., & Law, S. H. (2010). Foreign direct investment, economic freedom and economic growth: International evidence. Economic Modelling, 27(5), 1079–1089.
   Web of Science ®Google Scholar
• Azman-Saini, W. N. W., Law, S. H., & Ahmad, A. H. (2010). FDI and economic growth: New evidence on the role of financial markets. Economics Letters, 107(2), 211–213.
   Web of Science ®Google Scholar
• Azudin, A., & Mansor, N. (2018). Management accounting practices of SMEs: The impact of organizational DNA, business potential and operational technology. Asia Pacific Management Review, 23(3), 222–226.
   Web of Science ®Google Scholar
• Bandick, R., & Karpaty, P. (2011). Employment effects of foreign acquisition. International Review of Economics & Finance, 20(2), 211–224.
   Web of Science ®Google Scholar
• Bangladesh Bank. (2011). Small and medium enterprise (SME) credit policies & programmes. SME & Special Programmes Department. Retrieved from https://www.bb.org.bd/sme/smepolicye.pdf
   Google Scholar
• Bangladesh Bank. (2017). Foreign direct investment (FDI) in Bangladesh. Retrieved from https://www.bb.org.bd/
   Google Scholar
• Bangladesh Bureau of Statistics. (2017). 2017 statistical year book Bangladesh. Retrieved from http://bbs.portal.gov.bd/
   Google Scholar
• Bannò, M., Piscitello, L., & Amorim Varum, C. (2014). The impact of public support on SMEs’ outward FDI: Evidence from Italy. Journal of Small Business Management, 52(1), 22–38.
   Web of Science ®Google Scholar
• Bhatnagar, S. (2015). Challenges and success mantras for unorganised retailing against organised retailing. International Journal of Management, 3(1), 33–36.
   Google Scholar
• Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115–135.
   Web of Science ®Google Scholar
• Centre for Policy Dialogue. (2017). Bangladesh economy in FY2016-17: Interim review of macroeconomic performance. Retrieved from https://cpd.org.bd/
   Google Scholar
• Chen, C. J., Ding, Y., & Xu, B. (2014). Convergence of accounting standards and foreign direct investment. The International Journal of Accounting, 49(1), 53–86.
   Google Scholar
• Chowdhury, M., & Alam, Z. (2017). Factors affecting access to finance of small and medium enterprises (SMEs) of Bangladesh. USV Annals of Economics and Public Administration, 2(26), 55–68.
   Google Scholar
• The Daily Star. (2017). Record GDP growth this fiscal year: Minister. Retrieved from http://www.thedailystar.net/business/
   Google Scholar
• D’Angelo, A., & Presutti, M. (2019). SMEs international growth: The moderating role of experience on entrepreneurial and learning orientations. International Business Review, 28(3), 613–624.
   Web of Science ®Google Scholar
• De Gregorio, J. (1992). Economic growth in Latin America. Journal of Development Economics, 39(1), 59–84.
   Web of Science ®Google Scholar
• De Maeseneire, W., & Claeys, T. (2012). SMEs, foreign direct investment and financial constraints: The case of Belgium. International Business Review, 21(3), 408–424.
   Web of Science ®Google Scholar
• Denscombe, M. (2014). The good research guide. Buckingham: Open University Press.
   Google Scholar
• Dholakia, R. R., & Quader, S. M. (2005). Agora: Venturing into modern food retailing in Bangladesh. AIUB Journal of Business and Economics, 4, 51–72.
   Google Scholar
• Easterly, W. (1993). How much do distortions affect growth? Journal of Monetary Economics, 32(2), 187–212.
   Web of Science ®Google Scholar
• Engelbrecht, H. J. (2002). Human capital and international knowledge spill overs in TFP growth of a sample of developing countries: An exploration of alternative approaches. Applied Economics, 34(7), 831–841.
   Web of Science ®Google Scholar
• Ghauri, P., & Gronhaug, K. (2002). Business research methods in business studies: A practical guide (2nd ed.). Harlow: Financial Times Prentice Hall.
   Google Scholar
• Ghoshal, M. (2014). Impact of foreign direct investment on unorganised retail sector of India – a research report. The Standard International Journals, 2(1), 1–8.
   Google Scholar
• Giulietti, M., Mccorriston, S., & Osborne, P. (2004). Foreign direct investment in the UK: Evidence from a disaggregated panel of the UK food sector. Applied Economics, 36(7), 653–663.
   Web of Science ®Google Scholar
• Gordon, L. A., Loeb, M. P., & Zhu, W. (2012). The impact of IFRS adoption on foreign direct investment. Journal of Accounting and Public Policy, 31(4), 374–398.
   Web of Science ®Google Scholar
• Gui-Diby, S. L. (2014). Impact of foreign direct investments on economic growth in Africa: Evidence from three decades of panel data analyses. Research in Economics, 68(3), 248–256.
   Google Scholar
• Guruswamy, M., Sharma, K., Mohanty, J. P., & Korah, T. J. (2005). FDI in India’s retail sector: More bad than good? Economic and Political Weekly, 40(7), 619–623.
   Google Scholar
• Hawkes, C. (2005). The role of foreign direct investment in the nutrition transition. Public Health Nutrition, 8(4), 357–365.
   PubMed Web of Science ®Google Scholar
• Herger, N., Kotsogiannis, C., & McCorriston, S. (2008). Cross-border acquisitions in the global food sector. European Review of Agricultural Economics, 35(4), 563–587.
   Web of Science ®Google Scholar
• Hollingsworth, A. (2004). Increasing retail concentration: Evidence from the UK food retail sector. British Food Journal, 106(8), 629–638.
   Google Scholar
• Hussain, S., & Leishman, D. (2013). The food retail sector in Bangladesh. New Delhi: USDA Foreign Agricultural Service: Global Agricultural Information Network.
   Google Scholar
• Iamsiraroj, S. (2016). The foreign direct investment – Economic growth nexus. International Review of Economics & Finance, 42, 116–133.
   Web of Science ®Google Scholar
• Iamsiraroj, S., & Ulubasoglu, M. A. (2015). Foreign direct investment and economic growth: A real relationship or wishful thinking? Economic Modelling, 51, 200–213.
   Web of Science ®Google Scholar
• Islam, M. K. (2018). Reorganising for success: Opportunities in the food retail industry in Bangladesh (pp. 203–207). Bangkok: Global Business and Technology Association.
   Google Scholar
• Islam, S., & Hossain, F. (2018). Constraints to small and medium-sized enterprises development in Bangladesh: Results from a cross-sectional study. The European Journal of Applied Economics, 15(2), 58–73.
   Google Scholar
• Kahkonen, A. K. (2012). Value net – a new business model for the food industry? British Food Journal, 114(5), 681–701.
   Web of Science ®Google Scholar
• Kamruzzaman, M., Manos, B., Psychoudakis, A., & Martika, M. (2006). Food policy in Bangladesh 2010: Impacts of domestic wheat productivity growth. International Journal of Social Economics, 33(4), 298–315.
   Google Scholar
• Khan, F., Tabassum, A., & Jahan, K. (2014). Assessment of service gap in superstores of Bangladesh by using SERVQUAL model. World Review of Business Research, 4(1), 109–128.
   Google Scholar
• Kumar, V., Patwari, Y., & Ayush, H. N. (2008). Organised food retailing: A blessing or a curse? Economic and Political Weekly, 43(20), 67–75.
   Google Scholar
• Lee, N., Sameen, H., & Cowling, M. (2015). Access to finance for innovative SMEs since the financial crisis. Research Policy, 44(2), 370–380.
   Web of Science ®Google Scholar
• Lopez-Gracia, J., & Sogorb-Mira, F. (2008). Testing trade-off and pecking order theories financing SMEs. Small Business Economics, 31(2), 117–136.
   Web of Science ®Google Scholar
• Mallampally, P., & Sauvant, K. P. (1999). Foreign direct investment in developing countries. Finance and Development, 36(1), 34.
   Google Scholar
• Martinelli, E., & Sparks, L. (2003). Food retailers and financial services in the UK: A co-competitive perspective. British Food Journal, 105(9), 577–590.
   Google Scholar
• Martinez, L. B., Scherger, V., & Guercio, M. B. (2019). SMEs capital structure: Trade-off or pecking order theory: A systematic review. Journal of Small Business and Enterprise Development, 26(1), 105–132.
   Web of Science ®Google Scholar
• Meuleman, M., & De Maeseneire, W. (2012). Do R&D subsidies affect SMEs’ access to external financing? Research Policy, 41(3), 580–591.
   Web of Science ®Google Scholar
• Modugu, K. P. (2013). Capital structure decision: An overview. Journal of Finance Management, 1(1), 14–27.
   Google Scholar
• Morley, A., Sparkes, A., & Thomas, B. (2000). Strategic and regional initiatives in the agri-food industry in Wales. British Food Journal, 102(4), 274–289.
   Google Scholar
• Moudud, S., Khan, M., Mannan, A., & Rahman, M. (2016). FDI and Bangladesh: A study of South Asian territories. Management Studies and Economic Systems, 54(3), 219–239.
   Google Scholar
• Mukherjee, A., & Goyal, T. M. (2012). Employment conditions in organised and unorganised retail: Implications for FDI policy in India. Journal of Business and Retail Management Research, 6(2), 26–37.
   Google Scholar
• Myers, S. C. (1984). The capital structure puzzle. The Journal of Finance, 39(3), 574–592.
   Web of Science ®Google Scholar
• Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187–221.
   Web of Science ®Google Scholar
• Nair, G. K., & Nair, H. K. (2013). An analysis on customer perception towards service quality variables in selected organized retail outlets. International Journal of Management and Social Sciences Research, 2(1), 56–61.
   Google Scholar
• Nandonde, F. A., & Kuada, J. (2017). Perspectives of retailers and local food suppliers on the evolution of modern retail in Africa. British Food Journal, 120(2), 340–354.
   Web of Science ®Google Scholar
• Olawale, F., & Garwe, D. (2010). Obstacles to the growth of new SMEs in South Africa: A principal component analysis approach. African Journal of Business Management, 4(5), 729–738.
   Google Scholar
• Oyelana, A. A., & Adu, E. O. (2015). Small and medium enterprises (SMEs) as a means of creating employment and poverty reduction in Fort Beaufort, eastern Cape Province of South Africa. Journal of Social Sciences, 45(1), 8–15.
   Google Scholar
• Paswan, A., Pineda, M., & Ramirez, F. (2010). Small versus large retail stores in an emerging market – Mexico. Journal of Business Research, 63(7), 667–672.
   Web of Science ®Google Scholar
• Peluffo, A. (2015). Foreign direct investment, productivity, demand for skilled labour and wage inequality: An analysis of Uruguay. The World Economy, 38(6), 962–983.
   Web of Science ®Google Scholar
• Rangarajan, C. (2016). Modern organised retail and its impact on agriculture. In organised retailing and agri-business. New Delhi: Springer.
   Google Scholar
• Reardon, T., & Hopkins, R. (2006). The supermarket revolution in developing countries: Policies to address emerging tensions among supermarkets, suppliers and traditional retailers. The European Journal of Development Research, 18(4), 522–545.
   Google Scholar
• Rudawska, E. D., & Bilinska-Reformat, K. (2018). The development of food retail formats – evidence from Poland. British Food Journal, 120(2), 309–324.
   Web of Science ®Google Scholar
• Sadik, A. T., & Bolbol, A. A. (2001). Capital flows, FDI, and technology spillovers: Evidence from Arab countries. World Development, 29(12), 2111–2125.
   Web of Science ®Google Scholar
• Saleheen, F., Miraz, M., Habib, M., & Hanafi, Z. (2014). Challenges of warehouse operations: A case study in retail supermarket. International Journal of Supply Chain Management, 3(4), 63–67.
   Google Scholar
• Saunders, M., Lewis, P., & Thornhill, A. (2016). Research methods for business students. Harlow: Pearson Education.
   Google Scholar
• Schoen, A. (2017). Openness and collaboration in the food sector: Mapping the field. British Food Journal, 119(11), 2493–2506.
   Web of Science ®Google Scholar
• Sekaran, U., & Bougie, R. (2016). Research methods for business: A skill building approach. West Sussex: John Wiley & Sons.
   Google Scholar
• Sengupta, A. (2008). Emergence of modern Indian retail: An historical perspective. International Journal of Retail & Distribution Management, 36(9), 689–700.
   Google Scholar
• Serrasqueiro, Z., & Caetano, A. (2015). Trade-off theory versus pecking order theory: Capital structure decisions in a peripheral region of Portugal. Journal of Business Economics and Management, 16(2), 445–466.
   Web of Science ®Google Scholar
• Smarzynska, J. B. (2004). Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages. American Economic Review, 94(3), 605–627.
   Web of Science ®Google Scholar
• Srivastava, R. K. (2008). Changing retail scene in India. International Journal of Retail & Distribution Management, 36(9), 714–721.
   Google Scholar
• Stanton, J. L. (2018). A brief history of food retail. British Food Journal, 120(1), 172–180.
   Web of Science ®Google Scholar
• Sun, Q., Tong, W., & Yu, Q. (2002). Determinants of foreign direct investment across China. Journal of International Money and Finance, 21(1), 79–113.
   Web of Science ®Google Scholar
• Taiwo, J. N., Falohun, T. O., & Agwu, E. (2016). SMEs financing and its effects on Nigerian economic growth. European Journal of Business, Economics and Accountancy, 4(4), 37–54.
   Google Scholar
• Talreja, M., & Jain, D. (2013). Changing consumer perceptions towards organized retailing from unorganized retailing. An empirical analysis. International Journal of Marketing, Financial Services & Management Research, 2(6), 73–85.
   Google Scholar
• Tiwary, M. S., & Jha, R. (2016). Challenges and success techniques for unorganised retail sector against organised retail sector in Jharkhand. Imperial Journal of Interdisciplinary Research, 2(9), 1686–1691.
   Google Scholar
• Vermoesen, V., Deloof, M., & Laveren, E. (2013). Long-term debt maturity and financing constraints of SMEs during the global financial crisis. Small Business Economics, 41(2), 433–448.
   Web of Science ®Google Scholar
• Vignali, C., Gomez, E., Vignali, M., & Vranesevic, T. (2001). The influence of consumer behaviour within the Spanish food retail industry. British Food Journal, 103(7), 460–478.
   Google Scholar
• Waldkirch, A., Nunnenkamp, P., & Alatorre Bremont, J. E. (2009). Employment effects of FDI in Mexico’s non-maquiladora manufacturing. The Journal of Development Studies, 45(7), 1165–1183.
   Web of Science ®Google Scholar
• Watson, J. (2006). External funding and firm growth: Comparing female-and male-controlled SMEs. Venture Capital, 8(1), 33–49.
   Google Scholar
• Winborg, J., & Landstrom, H. (2001). Financial bootstrapping in small businesses: Examining small business managers' resource acquisition behaviors. Journal of Business Venturing, 16(3), 235–254.
   Web of Science ®Google Scholar
• The World Bank. (2018). Bangladesh – World Bank Open Data. Retrieved from https://data.worldbank.org/country/bangladesh
   Google Scholar
• Yang, E., & Zheng, S. (2018). Optimal capital structure, subsidy and the unexpected debt-equity swap policy (online). Retrieved from https://dx.doi.org/10.2139/ssrn.3202020.
   Google Scholar
• Zhang, K. H. (2001). How does foreign direct investment affect economic growth in China? The Economics of Transition, 9(3), 679–693.
   Web of Science ®Google Scholar