• 아태비즈니스연구
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• 제13권2호
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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.

• Asia pacific journal of information systems
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• 제15권2호
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• pp.171-193
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• 2005

Small firms are considered as the last mile in electronic networks of business enterprises. Since small firms lack in their resources and capabilities for IT deployment, it seems a challenging project to make them electronically linked to their trading partners. This study aims to investigate the factors that influence the intent of small firms to adopt electronic linkage to their trading partners. This study considers the context where small firms already have transaction relationships with partner firms and where their adoption of electronic linkage may influence the nature and performance of the transactional relationships. This study considers the expected value of electronic linkage and the joint actions of the trading firms as the major factors. Its research model also includes traditional factors such as influences from the industry and the trading partner, the support of CEO, and the readiness of the trading partner. Based on the survey data from more than 1000 small firms, the present study performs regression analysis and finds that all but one factor are significant in explaining the variations in the adoption intention of small firms. The exception is the joint action, which is shown to decrease the intention. Based on the results, this study offers business and policy implications that would be useful to business managers and policy makers.

• Journal of Korea Trade
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• 제26권5호
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• pp.39-55
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• 2022

Purpose - This study empirically examines the effect of the Korean government export promotion program (EPP) on small and medium-sized enterprise (SMEs) export performance using firm-level data. Unlike most previous studies that investigated some specific samples of firms, this study analyzes a vast amount of SME data of the Korean Small and Medium Business Administration over the period 2005 to 2008. Design/methodology - An endogeneity problem arises when a firm's probability of being selected is correlated with the likelihood of successfully implementing EPPs. To control for the endogeneity of the EPPs in a relatively short-period sample, we employ 2-Stage Residual Inclusion (2SRI) RE-Tobit and bivariate Tobit procedure. Findings - Analyses show that Korean government EPPs have positive significant effects on SME exports. Empirical results also show that SME export activities are significantly encouraged by R&D investment and capital intensity, but not obviously by labor productivity. Originality/value - This study provides evidence that SME capital intensity, R&D investment, and the number of workers are significant determinants to SME exporting activities, whereas per worker labor cost and employee education are not. These results imply that even for SMEs, firm size is a major factor in promoting exporting activities.

• 산업경영시스템학회지
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• 제46권4호
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• pp.1-14
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• 2023

As markets and industries continue to evolve rapidly, technology opportunity discovery (TOD) has become critical to a firm's survival. From a common consensus that TOD based on a firm's capabilities is a valuable method for small and medium-sized enterprises (SMEs) and reduces the risk of failure in technology development, studies for TOD based on a firm's capabilities have been actively conducted. However, previous studies mainly focused on a firm's technological capabilities and rarely on business capabilities. Since discovered technologies can create market value when utilized in a firm's business, a firm's current business capabilities should be considered in discovering technology opportunities. In this context, this study proposes a TOD method that considers both a firm's business and technological capabilities. To this end, this study uses patent data, which represents the firm's technological capabilities, and trademark data, which represents the firm's business capabilities. The proposed method comprises four steps: 1) Constructing firm technology and business capability matrices using patent classification codes and trademark similarity group codes; 2) Transforming the capability matrices to preference matrices using the fuzzy function; 3) Identifying a target firm's candidate technology opportunities using the collaborative filtering algorithm; 4) Recommending technology opportunities using a portfolio map constructed based on technology similarity and applicability indices. A case study is conducted on a security firm to determine the validity of the proposed method. The proposed method can assist SMEs that face resource constraints in identifying technology opportunities. Further, it can be used by firms that do not possess patents since the proposed method uncovers technology opportunities based on business capabilities.

• 정보보호학회논문지
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• 제24권6호
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• pp.1309-1318
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• 2014

최근 들어 세계적으로 정보자산 유출에 대한 문제가 심각하게 대두되고 있다. 국가정보원 산업기밀보호센터에 따르면 첨단 기술 불법 유출 관련 사건 피해 기업 중 중소기업이 71%에 달하는 것으로 나타났다. 이는 대기업뿐만 아니라 중소기업 역시 정보보호 관리체계를 수립 운용하고 이를 인증 받아야 할 필요성이 있음을 뜻한다. 이러한 ISMS 인증을 받기 위해서는 외부 컨설팅 업체의 컨설팅이 필요하지만, 기업이 어떤 요인을 가지고 ISMS 인증을 위한 컨설팅 업체를 선정하는지에 대한 연구가 아직까지 미비한 수준이다. 본 연구에서는 중소기업이 어떠한 요인을 가지고 ISMS 인증을 위한 컨설팅 업체를 선정하는지 탐색적 요인분석 기법을 이용하여 실증적으로 분석하였다. 연구 결과 인적 능력 및 관리력, 시장 선도 능력, 컨설팅 진행 능력 및 실적, 물적 인적 자산규모 등 네 가지의 압축된 요인을 도출하였다.

• 기술혁신학회지
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• 제9권4호
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• pp.812-841
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• 2006

본 연구는 중소벤처평가지표의 개선을 위해 t-test, 요인분석, 로짓회귀분석을 이용하여 평가지표의 판별력을 분석하였다. 연구결과를 요약하면 하면 다음과 같다. 첫째, 중소벤처평가지표의 분류정확도가 93%를 보이고 있어 기존 재무비율을 이용한 선행연구의 예측력과 비슷한 것으로 나타났다. 둘째, 통상적으로 중소벤처지원기관의 평가지표는 기술성지표, 사업성지표, 시장성지표로 구성되어 있는데 본 연구의 요인분석 결과 6개의 평가지표로 구성되는 것이 바람직함을 보이고 있다. 셋째, 중소벤처성과에 영향을 미치는 요인들로, 기존 연구에서도 주장된 기업가정신(entrepreneurship)을 나타내는 경영자기술역량, 경영자경영역량 그리고 사업성인 것으로 나타났다. 그리고 이들의 비중(영향정도)는 비슷한 것으로 나타났다.

• 산경연구논집
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• 제9권5호
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• pp.37-46
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• 2018

Purpose - This paper explores the determinants of bank lending to firms during and after the global financial crisis using firm- and bank-level data to answer the questions what caused the contraction of lending to firms despite the loosening monetary policy during this crisis period. Research design, data, and methodology - We investigate the effects of the monetary policy that followed the global financial crisis on firms borrowing. We use a dynamic panel model to address how firms lending respond to monetary policy. The data are obtained from CRETOP and we consider the manufacturing sector for the analysis to control for unobserved heterogeneity such as industry-specific shocks. Results - The findings from the empirical analysis suggest that both bank- and firm-level characteristics are significant determinants of bank lending. Especially, we find that corporate risk, measured by default risk, is one of the key factors that led to a decline in lending during the crisis. Conclusions - This paper shows that companies borrow more from liquid banks, and high bank capital can also contribute to an increase in a firm's borrowing from banks. Especially, the results confirm that the default rate measured at the firm level has increased during and after the global financial crisis, which implies that default risk interplays with other firm and bank-level characteristics.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.769-781
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• 2020

This study attempts to examine the relationships between transformational leadership, learning orientation, firm innovativeness, and financial performance. Specifically, the moderating effect of learning orientation and firm innovativeness. The data collected from 606 SMEs in Thailand were evaluated using the structural equation modeling, typifying that quantitative research. The results revealed that transformational leadership had a positive effect on learning orientation. Similarly, transformational leadership had a positive effect on firm innovativeness. Further, the study found that transformational leadership had a positive indirect effect on financial performance through the mediation of learning orientation. The results of the study found that transformational leadership had a positive indirect effect on financial performance through the mediation of firm innovativeness. Transformational leadership and learning orientation to improve innovation within the organization, including organizations and leaders among themselves. Especially, innovative firms inculcate ideals of promise to learning, open-mindedness, and shared vision. Furthermore, practitioners can use the findings of this study when they perform their role of leaders to challenge creativity and innovation among followers. Finally, those developments would influence a procedure of evidence procurement, evidence distribution and shared explanation that escalations equally individual and administrative effectiveness owing to its influence going on products.

• 벤처창업연구
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• 제9권5호
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• pp.173-180
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• 2014

본 연구는 소기업과 중기업의 서로 다른 외부지식 탐색 전략이 기술혁신에 미치는 영향을 분석하는 것을 목적으로 하였다. 특히 우리나라의 소기업과 중기업을 비교하는 연구가 없었기 때문에, 본 연구에서는 2010년 "한국기술혁신조사" 자료를 활용하여 분석을 하였다. 그 결과, 먼저 소기업의 경우에는 기업 내에 보유하고 있는 자원과 역량이 매우 부족하므로 다양한 원천으로부터 외부 탐색의 폭을 넓히는 전략(external search breadth)이 기술혁신을 촉진하는 것으로 나타났다. 반면, 중기업의 경우에는 외부 지식을 공급하는 주체와의 보다 장기적이고 긴밀한 관계를 추구하는 전략(external search depth)이 기술혁신을 촉진하는 것으로 나타났다. 이러한 결과는 기존에 하나의 그룹으로 묶어 분석했던 중소기업의 혁신활동을 보다 세분화하여 소기업과 중기업의 관점에서 보아야 한다는 점을 강조한다. 또한 더 나아가 벤처기업을 포함한 신생기업들이 소기업 단계에서는 지식의 다양성을 추구하는 전략이 효과적이며, 점차 성장해 가며 중기업 단계에 들어서면 특화된 지식에 보다 집중하는 전략이 효과적일 것이라는 것을 시사한다.

• 벤처창업연구
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• 제12권6호
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• pp.41-47
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• 2017

본 연구는 중소벤처기업무역이익에 관한 실증적 분석을 위하여 수행되었다. 그간 무역후생에 대한 연구들이 우리나라 전체 기업규모를 대상으로 수행되었거나, 대표적 기업(평균)을 중심으로 이루어졌으나, 본 연구에서는 중소벤처기업과 대기업을 분리하여 파레토 및 대수 정규기업규모분포에 대한 결정모수를 추정하고, 이 자료를 바탕으로 무역이익을 분석하였다. 분석결과는 다음과 같이 요약된다. 첫째, 기업규모의 이질성이 클수록 무역후생이 크게 나타났다. 이 결과는 중소벤처기업 및 대기업의 경우에도 동일하게 나타났다. 무역이익은 파레토규모분포를 가정할 경우 대수정규분포를 가정한 경우보다 압도적으로 크게 나타났다. 둘째, 대기업의 경우가 중소벤처기업의 경우보다 무역후생이 크게 나타났다. 이 분석결과는 대기업규모분포가 중소벤처기업규모분포보다 이질성이 더 크기 때문에 나타난 결과이다. 셋째, 기업규모분포가 동질적이라고 가정할 경우에 무역후생의 차이가 존재하지 않았다. 마지막으로 본 연구의 정책적 시사점으로 무역후생증대의 관점에서 기업규모이질성은 매우 중요한 역할을 차지한다. 중장기적으로 중소벤처기업의 다양성을 증대시키는 중소벤처기업정책이 필요한 이유이다.