Growth of Small and Medium Enterprises in the Lao People’s Democratic Republic: A Structural Equation Modeling Study
Thongvanh Sirivanh, Akom Chaikeaw, Meta Sateeraroj

Abstract
This article is a documentary research by using secondary data. The objective of this research is to study the structural causal relation model of factors affecting toward growth of small and medium enterprises in the Lao People's Democratic Republic. The conceptual framework of this research based on theory of Entrepreneurs, theory of the Growth of Firm, Resource-Based theory and theory of Entrepreneurial Competencies in order to describe the relation between the factors affecting toward growth of the firm. The research findings showed that the Key elements of direct and indirect affecting on the growth of small and medium enterprises, including factors of competitive advantage, characteristic of Entrepreneurs, Entrepreneurial Competencies and Business Alliance.

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