Capitals ownership is an important element in ensuring the sustainability of small-scale businesses. This paper discusses the business capitals owned by the late-night bazaar entrepreneurs in selected areas in Klang Valley. Based on the adapted concept of community capitals by Hart (2000), this study aims to examine the entrepreneurs sustainability through assessing their level of ownership on social capital, human capital, financial capital and physical capital. A total of 250 late night bazaar entrepreneurs were involved in this study located in Danau Kota and Cheras. The study showed that the capitals’ ownership by the late-night entrepreneurs is at the moderate level: social capital (70.0%), human capital (75.2%), financial capital (82.8%) and physical capital (81.2%). The late-night bazaar entrepreneurs should progress themselves with the business capitals for future business expansion and sustainability.
Abdul Halim, S., Ong, P. L., Sian, L. C., & Yusoff, N. H., (2011), Participation towards heritage conservation: Case of a fishing community in Langkawi Geopark. PLANNING MALAYSIA: Journal of the Malaysian Institute of Planners, 9, 185-196.
Arasti, Z. (2011). An empirical study on the causes of business failure in Iranian context. African Journal of Business Management 5(17), 7488–7498.
Atsan, N. (2016). Failure Experiences of Entrepreneurs: Causes and Learning Outcomes. Procedia - Social and Behavioral Sciences, 235, 435–
442. doi:10.1016/j.sbspro.2016.11.054
Auckland, S., & Kilpatrick, S. (2018). Leadership and social capital: engaging small Australian communities in development and implementation of learning plans. International Journal of Lifelong Education, 37(4), 495–512. doi:10.1080/02601370.2018.1513427
Baron, R. A., Markman, G. D. (2003). Beyond Social Capital: The Role of Entrepreneurs’ Social Competence in Their Financial Success. Journal of Business Venturing, 18, 41–60.
Bates, T. (1990). Entrepreneur Human Capital Inputs and Small Business. Longevity, 72(4), 551–559.
Carpiano, R. M., & Hystad, P. W. (2011) “Sense of community belonging” in health surveys: What social capital is it measuring? Health & Place, 17(2), 606–17. doi:10.1016/j.healthplace.2010.12.018.
Aragón-Amonarriz, C., Arredondo, A. M., & Iturrioz-Landart, C. (2019). How Can Responsible Family Ownership be Sustained Across Generations? A Family Social Capital Approach. Journal Business Ethics, 159:161–185.
Davidsson, P., & Honig, B. (2003). The Role of Social and Human Capital Among Nascent Entrepreneurs. Journal of Business Venturing, 18, 301–331.
Dawson, A. (2012). Human capital in family businesses: Focusing on the individual level. Journal of Family Business Strategy, 3(1), 3–11.
Doong, S. C., Fung, H. G., & Wu, J. (2011). Are Social, Financial, and Human Capital Value Enhancing? Evidence from Taiwanese Firms. International Review of Economics & Finance, 20(3), 395–405.
Dzisi, S., & Seddoh, J. E. (2009). Human and Financial Capital Factors In Entrepreneurial Success of Ghanaian Women: A Developing Country Perspective. Journal of Business and Entreprise Development, 102–119.
Eklinder-frick, J., Eriksson, L., & Hallén, L. (2011). Bridging and bonding forms of social capital in a regional strategic network. Industrial Marketing Management, 40(6), 994–1003. doi:10.1016/j.indmarman.2011.06.040.
Green, G. P., & Haines, A. (2012). Asset Building and Community Development. SAGE, USA.
Greenfield, S. M., & Strickon, A. (1981). A New Paradigm for the Study of Entrepreneurship and Social Change. Economic Development and Cultural Change, 29(3), 467–499.
Haines, A. (2009). Asset-Based Community Development. In: Phillips R, Pittman RH (eds) An Introduction to Community Development, 1st ed., 38–48. Routledge, London and New York.
Heng, J. Y., Safian, E. E. M., & Ramin, A. K. (2019). Sustainable Business Location Characteristics of Purpose-Built Offices in Malaysia. PLANNING MALAYSIA: Journal of the Malaysian Institute of Planners, 17 (1), 232 – 239.
Humam, H. M., Ismail, H. A. W., Kya, T. L., Dahlan, M. I., & Rahmat, M. (1992). Kegagalan Perniagaan di Malaysia. [In Malay]
Mens, J., Bueren, E., Vrijhoef, R., & Heurkens, E. (2021). A typology of social entrepreneurs in bottom-up urban development. Cities, 110.
Katz, J. A., & Green, R. P. (2011). Entrepreneurial Small Business. McGraw-Hill Irwin, Boston.
Kay, A. (2000). The role the arts have in regenerating. Art and community development, 35(4), 414–424.
Kay, A. (2005) Social Capital, the Social Economy and Community Development. Community Development Journal, 41(2), 160–173. doi:10.1093/cdj/bsi045.
Khairul & Ibrahim. (2007). Komuniti Mapan: Penilaian Tahap Kemapanan Komuniti Orang Asli Temiar Di Negeri Perak. PLANNING MALAYSIA Journal of the Malaysian Institute of Planners, 113 – 129. [In Malay]
Khan, J. H., & Hyder, A. S. (2006). Towards A Matrix For Small Enterprise Development: From A Developing Economies’ Institutional Perspective. AIUB Journal of Business and Economics, 5(2), 111–135.
Kwon, S., & Arenius, P. (2010). Journal of Business Venturing Nations of Entrepreneurs: A Social Capital Perspective. Journal of Business Venturing, 25(3), 315–330. doi:10.1016/j.jbusvent.2008.10.008.
Lee, J. (2020). Estimating the benefits and costs of forming business partnerships. The RAND Journal of Economics, 51(2), 531–562. doi:10.1111/1756-2171.12324
Lesser, E. L. (2000) Knowledge and Social Capital: Foundation and Applications. Butterworth-Heinemann, Woburn.
Loukaitou-Sideris, A. (2000) Revisiting Inner-City Strips: A Framework for Community and Economic Development. Economic Development Quarterly, 14(2), 165–181. doi:10.1177/089124240001400204.
Lussier, R. N. (2005). A Success Versus Failure Prediction Model for the Real Estate Industry. American Journal of Business, 20(1), 47 – 53.
Lussier, R. N., & Pfeifer, S. (2001). A Crossnational Prediction Model for Business Success. Journal of small business management, 39(3), 228–239.
Maheran, Y., Zainul, M. B., & Haza, H. J. M. (2018). Identifying the Level of Community Involvement in the Community Activities at Kg. Kuala Telang, Kuala Lipis, Pahang. PLANNING MALAYSIA: Journal of the Malaysian Institute of Planners, 16 (1), 245 – 255.
Majlis Pembangunan PKS Kebangsaan. (2012). Laporan Induk PKS 2012-2020. Kuala Lumpur. [In Malay]
Nor, M. H. M., Alias, A., & Musa, M. F. (2018). Social Capital in Youth Volunteerism. PLANNING MALAYSIA: Journal of the Malaysian Institute of Planners, Vol 16 (4), 176 – 187.
Montgomery, M., Johnson, T., & Faisal, S. (2005). What Kind of Capital Do You Need to Start a Business: Financial or Human? The Quarterly Journal of Economics and Finance, 45, 103–122. doi:10.1016/j.qref.2003.11.005.
Asri, M. A. G., & Zaimah, R. (2012) Transformasi dan Prestasi Perniagaan Usahawan Melayu Perusahaan Kecil dan Sederhana (PKS) di Johor Bahru Transformation and Business Performance of Malay Entrepreneurs in Small and Medium Enterprises in Johor. Prosiding PERKEM VII, JILID I (Vol. 1, pp. 696–708). [In Malay]
Nijkamp, P. (2010). Entrepreneurship in a Modern Network Economy Entrepreneurship in a Modern Network Economy. Regional Studies, (July 2012), 37–41. doi:10.1080/0034340032000074424.
Noordeyana, T., Asnarulkhadi, A. S., Hanina, H. H., & Ma’rof, R, (2016) Jenis dan tahap pemilikan modal peniaga bazar larut malam: kajian kes di Lembah Klang, Malaysia. Geografia : Malaysian Journal of Society and Space, 12 (1). 61-74. [In Malay]
Noralfishah, S., Teo, W. S., & Terrence, F. (2019). Community Resilience Frameworks For Building Disaster Resilient Community In Malaysia. PLANNING MALAYSIA: Journal of the Malaysian Institute of Planners, 17 (1), 94 – 103.
Nurulhuda, C. A., & Ramlee, M. (2009). Kajian Kes Usahawan Tani Industri Kecil Sederhana (IKS) Bumiputera di Negeri Terengganu (A Case Study of SMI Bumiputera Agropreneurs in Terengganu). Jurnal Pendidikan Malaysia, 34(2), 143–165. [In Malay]
Organisation for Economic Co-operation and Development (OECD). (2001). The Role of Human and Social Capital. Centre for Educational Research and Innovation.
Peredo, A. M. M., & Chrisman, J. J. (2006). Toward a Theory of Community-Based Enterprise. The Academy of Management Review, 31(2), 309–328.
Phillips, R., & Pittman, R. H. (2009). An Introduction to Community Development. Routledge, London and New York.
Sarmila, M., Zaimah, R., Lyndon, N., Hussain, M., & Awang, A. (2015). Local Community Economic Wellbeing through CSR Project. Mediterranean Journal Of Social Sciences, 6(4), 79.
Syakirah, A., & Zaimah R. (2021). Pengetahuan dan tingkah laku kewangan dalam kalangan miskin bandar. e-BANGI: Jurnal Sains Sosial dan Kemanusiaan, 18(2). 147-161. [In Malay]
Selvadurai, S., Er, A. C., Lyndon, N., Buang, A. A., Mat Jali, M. F., Ahmad, H., Jusoh, H., Abdul Manaf, A., Besar, A. J., & Hussein, M. Y. (2013). Small-scale retailers in an Island Town. Asian Social Science, 9 (14), 86-97.
Welsh, P. (2010). Community development: A gendered activism ? The Masculinities Question. 45(3), 297– 306. doi:10.1093/cdj/bsq023.
Zaidatol, A. L. P., & Habibah, E. (2004). Keupayaan Usahawan Bumiputera Melaksanakan Kemahiran Keusahawanan: Satu Kajian Kes. Pertanika Journal of Social Science & Humanity, 12(1), 61–70. [In Malay]
In-Text Citation: (Tambi & Samah, 2022)
To Cite this Article: Tambi, N., & Samah, A. A. (2022). Capitals Ownership among The Late-Night Bazaar Entrepreneurs. International Journal of Academic Research in Business and Social Sciences. 12(7), 1393– 1406.
Copyright: © 2022 The Author(s)
Published by Knowledge Words Publications (www.kwpublications.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
