• Title/Summary/Keyword: SMEs research

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Relationship Banking and Exports: Evidence from SMEs in the Korean Stock Markets (관계금융이 중소기업의 수출에 미치는 영향에 관한 연구)

  • Jeong-Dae Yim
    • Korea Trade Review
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    • v.45 no.5
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    • pp.1-22
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    • 2020
  • This study explores the role of relationship banking for the exports of SMEs (small and medium sized enterprises) in Korea. Using a sample of SMEs listed on the Korean stock markets between 2004 and 2018, I find that relationship banking has a positive impact on exporting behaviors of SMEs. This result indicates that relationship banking is suitable for SMEs to raise their funds in the export decision-making since the incentive for banks to obtain soft information enhances SMEs' access to external finance. In particular, through further analysis considering financial constraints, I find that the positive impact of relationship banking on exports is amplified for financially constrained SMEs. In addition, the positive impact on exports is also amplified for export starters. Finally, relationship banking provides benefits for SMEs' export decision-making regardless of the financial crisis. To sum up, relationship banking may be useful means of financing for Korean SMEs whose creditworthiness cannot be assessed only by hard information. As the role of finance in international trade has recently been highlighted, this study provides insightful evidence that relationship banking may enhance exports of SMEs as a source of trade finance.

Electrical insulating design of 600kJ conduction cooled HTS SMES

  • Choi, Jae-Hyeong;Kwag, Dong-Soon;Cheon, Hyeon-Gweon;Min, Chi-Hyun;Kim, Hae-Jong;Seong, Ki-Chul;Kim, Sang-Hyun
    • Progress in Superconductivity and Cryogenics
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    • v.9 no.2
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    • pp.27-30
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    • 2007
  • The electrical insulation design and withstanding test of mini-model coils for 600 kJ class conduction cooled high temperature superconducting magnetic energy storage (HTS SMES) have been studied in this paper. The high voltage is generated to both ends of magnet of HTS SMES by quench or energy discharge. Therefore, the insulation design of the high voltage needs for commercialization, stability, reliability and so on. In this study, we analyzed the insulation composition of a HTS SMES, and investigated about the insulation characteristics of the materials such as Kapton, AIN and vacuum in cryogenic temperature. Base on these results, the insulation design for 600 kJ conduction cooled HTS SMES was performed. The mini-model was manufactured by the insulation design, and the insulation test was carried out using the mini-model.

Connection algorithm of Real Time Digital Simulator with HTS SMES for power quality improvement (전력품질 개선을 위한 초전도 에너지 저장장치와 실시간 전력계통 시뮬레이터의 연계 알고리즘 개발)

  • Kim, A-Rong;Kim, Dae-Won;Kim, Gyeong-Hun;Kim, Jin-Geun;Park, Min-Won;Yu, In-Keun;Sim, Ki-Deok;Kim, Seock-Ho;Seong, Ki-Chul
    • Proceedings of the KIEE Conference
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    • 2009.07a
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    • pp.601_602
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    • 2009
  • Superconducting Magnetic Energy Storage (SMES) system is one of the key technologies to overcome the voltage sag, swell, interruption and frequency fluctuation by fast response speed of current charge and discharge. In order to evaluate the characteristics of over mega joule class grid connected High Temperature Superconducting (HTS) SMES system, the authors proposed an algorithm by which the SMES coil could be connected to the Real Time Digital Simulator (RTDS). Using the proposed algorithm, users can perform the simulation of voltage sag and frequency stabilization with a real SMES coil in real time and easily change the capacity of SMES system as much as they need. To demonstrate the algorithm, real charge and discharge circuit and active load were manufactured and experimented. The results show that the current from real system was well amplified and applied to the current source of simulation circuit in real time.

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Green Supply Chain Integration and Technology Innovation Performance in SMEs: A Case Study in Indonesia

  • EFFENDI, Mohamad Irhas;WIDJANARKO, Hendro;SUGANDINI, Dyah
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.909-916
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    • 2021
  • The purpose of the research to analyze SMEs' technological innovation performance in the Special Region of Yogyakarta based on green supply chains. This study's technology innovation performance is influenced by environmental management practices, green supply chain integration, and supply chain knowledge-sharing. This research is important because many SMEs are underdeveloped in terms of technology innovation performance. Technology innovation performance shows that innovation has a multi-dimensional ecological performance in organizations. Therefore, SMEs' sustainable supply chain could be achieved by managing operations, support, and information by focusing on environmental and social issues to maximize the entire chain. This study used primary data. The number of respondents in this study was 200 SMEs that have implemented green supply chain management practices. The data collection method used was a questionnaire. The data analysis technique tool used is a two-step approach to SEM-AMOS. The results of this study indicate that SMEs are willing to implement a green supply chain to increase their performance. The technological innovation performance model of this study is acceptable. The findings of this research suggest that companies must be encouraged to maintain and increase the implementation of green supply chain integration and better supply chain knowledge-sharing with improved technological innovation performance enhancements.

The Implementation of Smart Factories: Empirical Evidence from Korean Small and Medium-Sized Enterprises (스마트팩토리 도입 영향요인에 관한 실증연구: 우리나라 중소제조기업을 중심으로)

  • Chung, Jiyoon
    • Asia-Pacific Journal of Business
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    • v.13 no.2
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    • pp.79-94
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    • 2022
  • Purpose - The purpose of this study is to examine firm-level attributes related to Korean manufacturing small and medium-sized enterprises' (SMEs') decisions to implement smart factories. Design/methodology/approach - This study uses the provided by the Ministry of SMEs and Startups of Korea and the Korea Federation of SMEs. Manufacturing SMEs' decisions to implement smart factories in 2018-2019 were analyzed using multinomial logit and ordered logit models. Findings - The findings of this study suggest that firms' decisions to implement smart factories were positively related to firm size, R&D intensity, international market scope, and transactional relationships with customers. However, smart factory implementation decisions were not related to firm age and CEO gender. Research implications or Originality - This study illuminates firm-level attributes that may drive organizational innovation in the era of Industry 4.0 and thus contributes to the innovation adoption literature. This study also contributes to growing research on smart factories by analyzing the actual, progressive decisions to implement smart factories, as opposed to perceived intentions to implement them.

A Study on Export Financing Policy for Korean SMEs - Focusing on Korea EXIM'S Bank -

  • Bae, Sang Mok;Park, Se Hun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.60
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    • pp.177-194
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    • 2013
  • According to the 2013 statistics, the small/medium-sized enterprises (SMEs) accounted for 99.9% of the Korean economy with 87.8% of employment. This simple figures also indicate SMEs export extension is a key task for the national economy stimulation and job creation. The SMEs export plunge has been affected by the European financial turbulence, US financial instability, developing countries like China entering foreign markets, a weak yen, etc. EXIM Bank, in this context, will need to take a more proactive attitude to provide trade finance by, for example, reviewing the business feasibility for SMEs with a lower credit rank or investigating importers' credit status, etc. Moreover EXIM Bank provides factoring service mostly to large companies and should lower its threshold for service provision to SMEs. Finally EXIM Bank should play more than a primary forfeiting market entity. It also needs to facilitate the secondary forfeiting market.

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A Study on the Factors Affecting Government-Support ERP Systems Adoption for SMEs (중소기업의 정부지원형 ERP시스템 도입 영향요인에 관한 연구)

  • Choi, Young Eun;Park, Jong Pil;Lee, Eun-Kon
    • The Journal of Information Systems
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    • v.22 no.4
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    • pp.1-22
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    • 2013
  • Government initiatives are continuously being invested to nurture supporting business environment for small and medium sized enterprises (SMEs), such as government-support ERP systems project for SMEs. As such, scholars need to pay attention to SMEs can successfully adopt and manage government-support ERP systems. This study, therefore, conceptually developed and tested a research model for understanding what factors influence SMEs' intention to adopt government-support ERP systems. We obtained thirty samples from SMEs, which is organizational level, and data were analyzed using the partial least square (PLS) technique. The results of data analysis found that institutional pressure and resource dependence had positive effects on the adoption of government-support ERP systems. On the other hand, risk aversion of SMEs was found to have negative effects to adopt government-support ERP systems.

Fabrication and Test of a 1 MJ Superconducting Energy Storage System for the Sensitive Load (민감부하 보상용 1 MJ 초전도 에너지저장 시스템 제작 및 시험)

  • 성기철;유인근;한성룡;정희종
    • Progress in Superconductivity and Cryogenics
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    • v.3 no.2
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    • pp.39-43
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    • 2001
  • For several decades researches and development on superconducting magnetic energy storage(SMES) system have been done for efficient electric power management. Korea Electrotechnology Research Institute (KERI) have developed of a 1MJ , 300kVA SMES System for improving power quality in sensitive electric loads. It consists of an IGBT (Insulated Gate Bipolar Transistor) based power conversion module. NbTi mixed matrix conductor superconducting magnet and a cryostat with HTS current leads. We developed the code fro design of a SMES magnet. Which could find the parameters of the SMES magnet having minimum amount of superconductors for the same store denerby. and designed the 1 MJ SMES magnet by using it . And we have design and fabricated cryostat with kA class HTS current leads for a 1 MJ SMES System. This paper describes the design fabrication and test results for a 1MJ SMES System.

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Characteristic of a Superconducting Magnet for 3MJ SMES (3MJ SMES용 초전도 마그네트 특성연구)

  • 김해종;성기철;조전욱;배준한;심기덕;류경우;김상현
    • Proceedings of the Korea Institute of Applied Superconductivity and Cryogenics Conference
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    • 2003.10a
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    • pp.246-249
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    • 2003
  • For quite a long time various researches and developments of superconducting magnetic energy storage(SMES) device for enhancement of power qualify control of sensitive electric load. This paper describes the design, fabrication and experimental results for the 3MJ SMES magnet made by using the design code of a SMES device that we developed. A computer code was developed to find the parameters of the SMES magnet which has minimum amount of superconductor for the same stored energy, and the 3MJ SMES magnet was designed based upon that. And 3MJ SMES magnet made base of several research result which was ramp up to 1㎄ without quench.

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Insulation test of Mini model for the Development of the conduction cooled HTS SMES (전도냉각형 HTS SMES 개발을 위한 미니모델의 절연성능평가)

  • Choi, Jae-Hyeong;Kwag, Dong-Soon;Cheon, Hyeon-Gweon;Kim, Hae-Jong;Seong, Ki-Chul;Kim, Sang-Hyun
    • Progress in Superconductivity and Cryogenics
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    • v.9 no.1
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    • pp.32-36
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    • 2007
  • The 600 kJ calss high-temperature superconducting(HTS) SMES(superconducting magnetic energy storage) system is being developed by Korean Electrotechnology Research Institute(KERI). The system is operated in cryogenic temperature and high vacuum condition. The SMES magnet was cooled by conduction cooling method using a Gifford-McMahon cycle cryocooler. Thus the electric insulation design at cryogenic temperature and high vacuum is a key and an important element. Because it accomplish compact design that is a big advantage of HTS SMES. This paper describes the electric insulation design, fabrication and experimental results for a mini model of conduction cooled HTS SMES.