IE interfaces (산업공학)

Korean Institute of Industrial Engineers (대한산업공학회)
권호 표지

An Empirical Study on High-technology Innovative SMEs' Characteristics and their Bottlenecks across the Growth Stages

기술혁신형 중소기업의 특성과 성장단계에 따른 애로요인의 실증적 연구

  • Received : 20070700
  • Accepted : 20070800
  • Published : 2007.09.30
Download PDF
⟨ Previous Next ⟩

Abstract

This study is to suggest the government's support direction for the small and medium sized enterprises (SMEs) by examining the relations among technology level, innovation factors, entrepreneur's characteristics, and start-up reasons. The management bottlenecks and the necessary fields of government's support are also investigated across the company's growth stages. Empirical analysis was conducted based on the 318 Korean SMEs' data receiving the Venture and/or Inno-biz certification. Results show that managing difficulties of the company have typical pattern according to the stage of growth. The characteristics of an entrepreneur such as age, education background and past experience affect the early stage of starting business. We also found that the technology level is closely connected with operational innovation activities and circumstances, entrepreneur's characteristics, start-up motives, and technological innovation activities.

Keywords

References

  1. Acs, Z. J. and Audretsch, D. B. (1988), Innovation in Large and Small Firms: An Empirical Analysis, American Economic Review, 78(4), 678-690
  2. Ahn, D. S. (2004), Some Theses for Promotion of Technological Innovation of Small and Medium Firms-Based on the Survey Materials about the Innovation Hindrances, Journal of the Korean-German Economic Association, 31, 25-50
  3. Birley, S. and Westhead, P. (1994), A Taxonomy of Business Start-up Reasons and Their Impact on Firm Growth and Size, Journal of Business Venturing, 9, 7-31 https://doi.org/10.1016/0883-9026(94)90024-8
  4. Buttner, E. H. and Moore, D. P. (1997), Women's Organizational Exodus to Entrepreneurship: Self-reported Motivations and Correlates with Success, Journal of Small Business Management, 35(1), 34-46
  5. Jang, J. H. and Lee, B. H. (2005), Study on the State of Affairs of Supporting Programs for Small Business, Proc, Summer Conf. on the Korean Association of Small Business Studies
  6. Korea Technology and Information Promotion Agency for Small & Medium Enterprises (TIPA) (2006), Economic Impacts of Innovative SMEs and Effective Promotion Strategies, Korea
  7. Lee, B. H. (2005), Technological Innovation Strategies of Korean Ventures across the Growth stages and the Effect of Government R&D Subsidy, The Korean VeIltllre Management Review, 8(2), 127-152
  8. Scherer, F. M. (1983), Concentration, R&D, and Productivity Change, Southern Economic Journal, 50(1), 221-225 https://doi.org/10.2307/1058053
  9. Science and Technology Police Institute (STEPI) (2005), Innovation Type Small and Medium Enterprises, Korea
  10. Shane, S., Kolvereid, L., and Westhead, P. (1991), An Exploratory Examination of the Reasons Leading to New Firm Formation across Country and Gender, Journal of Business Venturing, 6(6), pp. 431-446 https://doi.org/10.1016/0883-9026(91)90029-D