• Title/Summary/Keyword: Small Medium Enterprises

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The Effect of Exports on Growth of Small and Medium-Sized Enterprises: Evidence from Vietnamese Manufacturing Firms

  • LE, Ngan Thi Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.1
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    • pp.35-42
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    • 2022
  • The paper aims to examine the impact of exports on the growth of Vietnamese manufacturing small and medium-sized enterprises (SMEs) by exploring the information of 36,053 enterprises across 24 manufacturing sectors from the Vietnam Annual Enterprise Survey (VAES) in the period 2014-2019. To deal with the problem of variable variance, autocorrelation, and endogeneity of the model, the paper uses the OLS regression method with a strong standard error method and system GMM. Export participation by SMEs is positively associated with business growth in terms of sales and total assets, according to the findings. The GMM estimate shows that the rate of sales growth among exporters is 36.5 percent greater than that of non-exporting enterprises in the case of the sales growth measure. Exporters' average total asset growth rate is 19% greater than the rate estimated for non-exporting businesses. The study's findings indicate the need of adopting policies that promote SMEs in transition economies like Vietnam to engage in exporting activities. Furthermore, the findings show that financial assistance and suitable ownership would enable SMEs to take advantage of export opportunities to increase sales and total assets.

Open Source ERP Software for Small-Medium Enterprise: A Case of Vietnamese Firm (중소기업을 위한 오픈소스 ERP의 도입에 관한 연구: 베트남 기업 사례를 중심으로)

  • Tang Nguyen, Hanh;Lee, Young-Chan
    • Knowledge Management Research
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    • v.12 no.2
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    • pp.91-112
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    • 2011
  • Most of enterprises use various applications for serving their routine business. One of most widespread applications is the enterprise resource planning (ERP). This paper focuses on open source ERP software and aims to find out what benefits it can bring to small and medium-sized enterprises (SME) comparing to proprietary ERP. To serve the purpose, this paper introduces the successful adoption of open source ERP software through the case study of small Vietnamese firm. The results of this paper show the advantage of open source ERP software and the possibility of adoption for SME.

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Development of automation system for relay assembly and test (릴레이 결합 및 검사 자동화 시스템 개발)

  • 국금환;최동엽
    • 제어로봇시스템학회:학술대회논문집
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    • 1991.10a
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    • pp.606-610
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    • 1991
  • A relay is the one of small electrical components for automobiles and used for industry widely. We have developed the automation system for relay assembly and test to make it improve the productivity and decrease the man power. In order to determine the objective process of automation, we investigated 6 small and medium sized-enterprises and 1 greate sized-enterprise producing relays. And, we selected 2 model enterprises of them. One of the two is the system to develop. The scope of our study is the analyse of the conventional workcell, the determination of the system specification, the design of the system layout, the determination of the system cycle time, the design of the system mechanism, and the development of the controller for the system. We think that the developed system may be solve the technical and the economical problems interrupted efficiential automation of domastic small and medium sized-enterprises, and improve the international competitive power.

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The Financial Aids of the UK National Government for Promoting Small & Medium sized Enterprises' Growth and Investment (영국 중앙정부의 중소기업 육성을 위한 재정.금융 지원)

  • Byun, Pill-Sung
    • Journal of the Economic Geographical Society of Korea
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    • v.12 no.1
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    • pp.111-121
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    • 2009
  • This paper explores the financial aids for promoting businesses' growth and investment which the UK national government has implemented as a policy instrument for regional development. Especially, this work focuses on Small Firms Loan Guarantee, Community Investment Tax Relief for individuals and corporate bodies, and government-backed venture capital funds, all of which belong to the policy measures which pursue the growth of small and medium sized enterprises (SMEs) in UK. Concerning the promotion of SMEs' growth, I also discuss the policy implications of such measures for the Korean context.

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The Influence of Government Dimension on Financial Education and Empowerment of Micro-, Small- and Medium-Sized Enterprises in Indonesia

  • SAHELA, Karisa Zeisha;SUSANTI, Riana;ADJIE, Askardiya Radmoyo
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.637-643
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    • 2021
  • The study examines the influence of the five pillars of inclusive financing on the empowerment of micro-, small- and medium-sized enterprises (MSMEs) and the influence of institutional conditions on the empowerment of MSMEs. This study uses primary and secondary data. The population of the study are MSMEs; the is a total of 930,620 MSMEs in Jakarta. Owners of micro-, small- and medium-sized enterprises is a good population to be measured because they are the main actors that know exactly the challenges and the obstacles in doing business addressing problems faced in inclusive financing, which is related to the purpose of the study. The research borrows from finance and entrepreneurial theories for model design. The results of the study show that all the variables are significant and positive in the efforts to finance MSMEs in Indonesia, which means that financial education plays an important role in the sustainability of financial inclusion. The financial theory, developed to explain financing at the company level, needs to be adapted to the entrepreneurial situation, so that it can explain the behavior of small businesses. This means that, with correct financial knowledge, financial inclusion plays an important role in the sustainability of MSMEs in Indonesia.

Priority Analysis of Supply Chain Risk Management for Business Using AHP (공급사슬 리스크 관리에 관한 우선순위 분석)

  • Ji-Yeong Ko
    • Korea Trade Review
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    • v.47 no.3
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    • pp.17-35
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    • 2022
  • The Pandemic crisis caused by COVID-19 has raised awareness of the importance of supply chain risk management, such as the control of movement between countries and the simultaneous manufacturing paralysis in the world. Effective risk management within the supply chain of the company is a core competency in the global environment. Therefore, this study quantitatively analyzed the perspective of domestic large corporations and small and medium enterprises (SMEs) by using the hierarchical analysis method (AHP) to identify the factors that should be considered as the priority when establishing supply chain risk management plans for large and small business employees. In order to conduct the study, a survey was conducted on large corporations and small and medium enterprises in Gyeongnam and Busan, and AHP analysis was conducted using Microsoft 365 excel program. In addition, Mann-Whitney U test (independent sample-nonparametric test) was conducted using SPSS/18 version of statistical package program for comparative analysis between groups. As a result, the priority was highly evaluated in the order of financial ability, competitiveness, disaster in the overall priority evaluation. There were statistically significant differences in internal risk and strategic decision making of supply chain between groups. This suggests that fandemics such as COVID-19 can not be predicted, but strategic responses are needed to utilize opportunities expressed in the crisis through supply chain risk management and to increase the competitive advantage of domestic companies even in the crisis.

A Study on the Sharing Architecture of FMS for Small and Medium Enterprises on Distributed Heterogeneous Environments (분산이질환경에서 중소기업형 FMS공유구조에 대한 연구)

  • PARK JE-WOONG;KIM WON-JUNG
    • Journal of Ocean Engineering and Technology
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    • v.17 no.5 s.54
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    • pp.82-87
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    • 2003
  • A practical method to investigate the sharing architecture of FMS, for small and medium enterprises, on distributed heterogeneous environmental conditions is investigated. Because the industrial FMS model requires a reasonable size for actual work-site flexible operation, the initial facility expense is very heavy. The support for flexible cooperation of FMS, with some external different FMS, can reduce expenditures and provide greater functionality. While most FMS provide their operation process using an adequate mechanism, when used in isolation, such as island of automation, there is increasing demand for FMS that can cooperate. By exchanging intermediate products and information with other external FMS, products can be produced that cannot be produced alone, such as those that require various processes. This study first considers the sharing architecture of FMS for small and medium enterprises, and investigates the effects of the general sharing architecture of FMS on distributed heterogeneous environments, by using transducer approach to agentification. In this study, set-up station or in-out station takes charge of the gateway of intermediate products, and routes them among distributed heterogeneous FMS plants. The transducer approach is applied to web agent and set-up agent established interfaces, with system controller and setup controller. In this study, the FMS-established sharing architecture is able to obtain not only the internal flexibility, but also the external flexibility.

Design of DEA/(AR-I, ARGM) Models and Sensitivity Analysis for Performance Evaluation on Governmental Funding Projects for IT Small and Medium-sized Enterprises (IT중소기업 정부자금 지원정책 성과 평가를 위한 DEA/(AR-I, ARGM) 모형 설계 및 민감도 분석)

  • Park, Sungmin;Kim, Heon;Baek, Donghyun
    • Journal of Korean Institute of Industrial Engineers
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    • v.34 no.2
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    • pp.190-204
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    • 2008
  • Recently, it has been strongly required to establish a systematic and sustainable performance investigation and evaluation framework on governmental funding projects for IT small and medium-sized enterprises. In this paper, Data Envelopment Analysis (DEA) models are adopted for performance evaluation on governmental funding projects for IT small and medium-sized enterprises. A new data structure is proposed for the DEA performance evaluation. Generally, in using DEA models, DEA multipliers restriction is critical to achieve the reliability of DEA optimal solutions. Based on the outputs and inputs considered in this study, Acceptance Region (AR) constraints are generated and incorporated into the DEA models so as to improve the reliability of DEA efficiency scores. Associated with AR Type I (AR-I), AR Global Model (ARGM) constraints, DEA/ (AR-I, ARGM) models are designed and then sensitivity analysis follows investigating the robustness of DEA efficiency scores relating to AR constraints adjustment. Finally, a performance evaluation is illustrated regarding governmental direct funding projects from Ministry of Information and Communication (MIC) in Korea where each project unit (i.e. Decision Making Unit (DMU)) is determined whether it is efficient or not. By using DEA/(AR-I, ARGM) models designed in this paper, robustly efficient DMUs are gradually identified according to the successive AR constraints adjustment. Among 25 DMUs, results show that 6 DMUs such as B, E, G, Q, S, Y are determined as robustly efficient against AR constraints intermediate adjustment.