The Management control systems package, corporate governance, and SME’s performance in context of Malaysia


  • Irma Tyasari Universitas PGRI Kanjuruhan Malang
  • Imran Arshad Salim Habib University
  • Supami Wahyu Setiyowati Universitas PGRI Kanjuruhan Malang


corporate governance, MCS package, organisational learning, organisational performance, product innovation


The purpose of this research is to empirically explore the extent to which organisational learning and product innovation explain the relationship between MCS package, corporate governance, and organisational performance. This research used cluster sampling for data collection. Collected data from 369 managers/owners of small and medium enterprises (SME) in Malaysia were used to run partial least square (PLS) regression models and test research hypotheses. The deductive reasoning method is used to develop the theoretical framework. MCS package and corporate governance are positively associated with product innovation and organisational learning. Moreover, the results of this research reveal that MCS package, corporate governance, organisational learning, and product innovation are positively associated with organisational performance. Organisational learning and product innovation significantly mediate between the MCS package, corporate governance, and organisational performance. Owners/managers of SMEs Malaysia can use the results of current research in decision-making to enhance organisational performance. This research signifies those managers/owners of SME’ in Malaysia that MCS package, corporate governance, organisational learning, and product innovation significantly determine organisational performance. The Malaysian government uses the outcomes of this research for the betterment of SMEs in Malaysia. Therefore, the current research highlights the constructs used here are significant for SMEs. In Malaysia, researchers have paid scant attention to the SME' area. Researchers paid scant interest in the MCS package, corporate governance, organisational learning, and product innovation to measure organisational performance. Thus, this research fills the gap and comes up with suggestions for future researchers.


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How to Cite

Tyasari, I., Arshad, I., & Setiyowati, S. W. (2024). The Management control systems package, corporate governance, and SME’s performance in context of Malaysia. BISMA (Bisnis Dan Manajemen), 16(2). Retrieved from



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