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학회지
중소기업연구
JSBI
학회게재논문
 
학회사무국
중소기업연구 44권 3호 (2022년 09월)
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A Study on the Reputation Index for the Firm Value of Small and Medium-sized Enterprise
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[Abstract]
We examine the impact of consumer perceptions and assessments of goods and services produced by the entity, i.e. reputation index, on firm value. We major reputation indexes in Korea and review the details of the announcements, and conduct analysis on how small and medium-sized enterprises can use them to strengthen their business activities and corporate value. The content of the six reputation indexes published in Korea and the ed SMEs are examined as sample firms. Empirical data are collected to investigate the impact of the reputation level on annual corporate value and announcement of the reputation award on short-term market value and to analyze how the reputation enhancement strategy actually works in the market. The empirical results find that the higher reputation indexes have positive impact on firm value, which is meaningful way to enhance the market value of small and medium-sized enterprises. ion of small and medium-sized enterprises with excellent reputation has been found to have a significant positive impact on their management performance after the relevant period. In other word, there is a significant relationship between good reputation and firm value. The results suggest that it is necessary to have a management strategy to increase reputation power by establishing a clear identity and establishing trust from the beginning of brand introduction. To the extent the reputation power is linked with the firm value, our results suggest that corporate reputation can be an important measure to enhance the value of the firm.
The Effect of Strengthening the Social Safety Net on the Happiness of Self-employed in Their Current Life: Focusing on Employment Insurance and Industrial Accident Insurance
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[Abstract]
This study examined whether the strengthening of the social safety net, such as employment insurance and industrial accident insurance, affects the happiness of the current life of self-employed. There are various factors that affect happiness in life. Recent studies have proven that not only personal characteristics such as values and personality, but also environmental factors such as social systems are important as factors affecting individual happiness or satisfaction in life. Based on previous studies, this study assumed that factors influencing the lives of self-employed were affected by government-led social safety net strengthening activities such as employment insurance systems and industrial accident insurance systems. We examined our hypothesis by using survey data for four years from the 20th (2017) to the 23rd (2020) from the labor panel survey data of the Korea Labor Institute. As a result of the study, the employment insurance and industrial accident insurance systems showed significant results in improving the happiness of the current life of self-employed. The results of this study suggest that the promotion of related systems and policies should be strengthened to increase the employment insurance and industrial accident insurance subscription rate for those who are currently extremely low. In order to prevent the decline in the growth potential of the national economy, it is necessary to maintain a stable and happy life of self-employed, who are an important role of employment in Korea, through well-organized related systems and policies.
Exploring the Growth Trajectories of Korean Unicorn Companies: An Entrepreneurial Process Model
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[Abstract]
This study aims to specify the growth processes of Korean unicorn companies that have shown successful startup growth, leading to deepening our understanding of the growth process of startups. In particular, building on the prior studies that rationality-based decision-making may not necessarily be applied to entrepreneurs' decisions and behaviors, we attempt to categorize how startups develop their business ideas into core businesses. Based on three theoretical perspectives on the entrepreneurial process, this study specifies how Korean unicorn companies pursue trajectories from the beginning of their startups to the growth as unicorn companies. This study also attempts to investigate the reality of unicorn companies based on the growth trajectories of Korean unicorn companies. Through this, this study not only provides a new theoretical perspective to improve the explanatory power of Korean unicorn companies' growth trajectories, but can also specify factors that determine the growth rate of startups. Finally, we will discuss managerial and policy implications that can help promote the growth of startups.
The determinants of start-up survival from a perspective of start-up ecosystem: A fuzzy-set qualitative comparative analysis in OECD countries
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[Abstract]
This study analyzed the factors that affect the survival of start-ups from the perspective of start-up ecosystem which emphasizes the interactions of key factors, focusing on internal resources(financial resource, human capital), innovation, networking. Based on data from OECD countries, a fuzzy set Qualitative Comparative Analysis (fsQCA) was conducted . It was found that the survival of start-ups is not consistently explained through a single causal condition. This means that there is no causal condition that almost always exists in countries where start-ups have high survival rates. However, a combination of high-level financial resources, human capital, and innovation can enhance the survival of startups, and networking plays a key role in improving the short- and medium-term survival rate. This suggests that in order to clearly understand the factors influencing the survival of start-ups from the viewpoint of the start-up ecosystem, it is desirable to approach from the perspective of causal diversity and complexity as the same outcome can happen from multiple pathways.
Entrepreneurial orientation, Market orientation, Social network, and performance of SMEs in Pakistan: Mediating role of Innovation
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[Abstract]
This study verifies the degree of impact of entrepreneurial orientation, social network, market orientation, and innovation on performance, even in developing countries. This study was verified using Pakistan SMEs' data, a representative country of developing countries, as a mediating model verification study using entrepreneurial orientation, social network, and market orientation as independent variables and innovation as a mediating variable. The data collected 308 questionnaires from Pakistani SMEs and verified the hypothesis through Structural Equation Modeling (SEM) in AMOS 22. The findings of the study are as follows. First, it was found that entrepreneurial orientation, social network, and market orientation had a significant positive (+) impact on performance and innovation. In particular, it was found that the effect of market orientation on performance was higher than that of entrepreneurial orientation and social networks. Second, it was found that innovation plays a complete mediating role in the link between social networks and performance. However, innovation was found to play a partial mediating role in the link between entrepreneurial orientation, market orientation, and performance. The implications of this study include the following. First, governments in developing countries need to plan and operate support policies to improve SMEs' entrepreneurial orientation, social networks, and market orientation to improve SMEs' performance. Second, SMEs need an innovation strategy that can utilize their corporate resources to increase performance.