Right from 1970s, the Malaysian government has employed several initiatives with huge allocations expended towards supporting and creating a robust Bumiputra entrepreneurs community that is competitively competent to face the market and thus stimulate economic growth. However, studies showed that government privileges and assistance did little in building the entrepreneurial culture, competitiveness and achievement of the Bumiputras, as critics kept criticizing the effectiveness of the support. Hence, this study aims to dig out to ascertain the extent to which the supports given by the government to the Bumiputra entrepreneurs has been fruitful and also determine the effectiveness of the support programs. The study employs a qualitative approach by conducting a semi structured interview with executive members of some entrepreneurship agencies in Malaysia.
Ayande, A., & Sabourin, V. (2016). The dynamic linkages between sociocultural values and successful business development and performance: case study of Mourid entrepreneurs in Senegal. Journal for International Business and Entrepreneurship Development, 9(1), 41-61.
Bernama (2017, October 27). Budget to provide RM3.5b for Bumiputera empowerment. Retrieved from https://www.malaysiakini.com/news/399785 on 25/03/2018
Blackburn, R. A. (2016).Government, SMEs, and entrepreneurship development: policy, practice, and challenges. Routledge retrieved on 29/06/2017 from https://books.google.com.my/books?hl=en&lr=&id=4WwGDAAAQBAJ&oi=fnd&pg=PP1&dq=government+business+support+and+performance+of+entrepreneurs+or+SMEs&ots=SX5v_ZLkTZ&sig=6Nosed3Mw8ekOuEIUptxoIbhPes&redir_esc=y#v=onepage&q=government%20business%20support%20and%20performance%20of%20entrepreneurs%20or%20SMEs&f=false
Boocock, G., & Shariff, M. N. M. (2005). Measuring the effectiveness of credit guarantee schemes evidence from Malaysia. International Small Business Journal, 23(4), 427 454.
Buang, N. A., & Yusof, Y. M. (2006). Motivating factors that influence class F contractors to become entrepreneurs. Jurnal Pendidikan, 31, 107-121.
Business Times (2016, October 21). 2017 Budget: RM200 million allocation to increase Bumiputera entrepreneurs opportunities. New Straits Times. retrieved 09/05/2017 from http://www.nst.com.my/news/2016/10/182264/2017-budget-rm200-million allocation-increase-bumiputera-entrepreneurs
Chin, J. (2015, Aug 27) Aversion of this op-ed appears on the Opinion Pages of the International. retrieved 28 Dec, 2016 www.nytimes.com/2015/08/28/opinion/the costs-of-malay-supremacy.html
David (2017, November 1). 2018 Budget to help young Bumiputera entrepreneurs make stand in Terengganu. New Straits Times. Retrieved from https://www.nst.com.my/news/nation/2017/11/297727/2018-budget-help-young bumiputera-entrepreneurs-make-stand-terengganu on 25/03/2018
Gomez, E. T. (2012). The politics and policies of corporate development: race, rents and redistribution in Malaysia. Malaysia’s Development Challenges: Graduating from the Middle, 63-82.
GSB University of Cape Town (1999) Entrepreneurial Intensity. Intekom (Pty) Ltd. Retrieved 11/02/2017 from http://home.intekom.com/gsbuct/conf.htm.
Halim, M. A. S. A., Zakaria, Z., Hamid, A. C., & Khalid, M. K. A. (2014). Fostering micro entrepreneurship as panacea to poverty eradication in the Malaysian economy: A conceptual perception. Asian Social Science, 10(13), 287–292.
Hamidon, S. (2014). The development of malay entrepreneurship in Malaysia. Kuala Lumpur, ITBM.
Hung, D. K. M., Effendi, A. A., Talib, L. S. A., & Rani, N. A. B. A. (2010). A preliminary study of top SMEs in Malaysia: Key success factor vs government support program. Journal of Asia Entrepreneurship and Sustainability, 6(1), 111..
Koon, H. E. N. G. (1997). The new economic policy and the Chinese community in Peninsular Malaysia. The Developing Economies, 35(3), 262-292.
Lucas, D. S., & Fuller, C. S. (2017). Entrepreneurship: Productive, unproductive, and destructive—Relative to what?. Journal of Business Venturing Insights, 7, 45-49.
Mahmud, A. A. (1981). Malay Entrepreneurship: Problems in Devlopment: a Comparative Empirical Analysis. Yunit Penyelidikan Sosioekonomi, Jabatan Perdana Menteri.
Mohlameane, M., & Ruxwana, N. (2014). The awareness of cloud computing: a case study of South African SMEs. International Journal of Trade, Economics and Finance, 5(1), 6.
Nik Ibrahim, N. H. (July 14, 2017). Bumiputera Must work harder to increase market share. Retrieved on 30 July 2017 from https://malaysianaccess.com/bumiputeras-market share-economy-ma89e/
Omar, C. M. Z. C., & Azmi, N. M. N. (2015). Factors affecting the success of Bumiputera entrepreneurs in small and medium enterprises (SMEs) in Malaysia. International Journal of Management Science and Business Administration, 1(9), 40-45.
SME Corp Malaysia Annual Report, (2015) retrieved on 06/06/20
In-Text Citation: (Sabiu et al., 2018)
To Cite this Article: Sabiu, I. T., Abdullah, A. A., Mohamed, S. B., Ibrahim, M. D., Razak, R. A., & Anwar, F. (2018). The Crux of the Government Support to the Bumiputra Entrepreneurs. International Journal of Academic Research in Business and Social Sciences, 8(12), 798–809.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.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
