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Only a few firms have achieved continuous growth start-ups have mostly accounted for the number of firms increased. This led an undesirable structure of much lower share of medium-sized firms compared to those of most of the developed economies.
Such a structure has been one of the chief obstacles to creation of stable jobs, export increase, economic growth. Thus, the growth of firm is full of significance for the applicable firm as well as the nation's economy.
This study identifies the determinants of firm growth, focusing on the differences by the size of firm. A sample of 600 manufacturing firms including SMEs LEs are used for the empirical test.
The results show that three determinants of business environment, firm's characteristics, business strategies have shown to have significant effects on the growth of firm. When dividing the sample into three groups by the number of employees, it has shown considerably different results. As a result, all of four hypotheses are accepted.
The determinants affecting the growth of firm turn out to be not the same between SMEs LEs. Between two groups across SMEs, the empirical result has shown to have considerably different.
These results support that the strategies of firms should be changed appropriate government policy measures are to be adopted according to the size of firm.

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This study analyzes on hypotheses of ‘Pro-cyclicality’ ‘distressed-bank barriers’ by finding out what the determinants of ution of SMEs loans are. Namely, the study verifies whether several determinant factors affecting the change of SMEs loan size exist, evaluates their influential power to performance of banks SMEs. The results of study are as below.
Firstly, the economy the soundness of banks affect significantly to determining of ution of SMEs loans in the long-term short-term basis. Furthermore, it shows that tight regulation of equity capital of banks by the financial authorities tends to decrease the size of SMEs loans.
Secondly, it also knows that the change of the determinants resulting in increasing or decreasing SMEs loan size affects significantly to stock returns of banks operating profit of SMEs. It meas that the upward of stock returns of banks the increase of operating profit of SMEs are ascribed to increasing SMEs loans from the boost in economy the improvement of loan’s soundness of banks.
In the conclusion it is considered that the government has to increase the financial aids to SMEs to prevent banks from decreasing loans as well as contributing the win-win way for banks SMEs under the economy downturn because the SMEs policy fund makes the BIS ratio of banks raised through reducing a borrowers’ credit risk.

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This study aims at investigating the determinants of technological innovation empirically in Korean SMEs. According to the previous studies, technological innovation has influenced by internal factors such as size, innovation capability, CEO characteristics, corporate strategy, organizational structure, corporate culture external factors such as networking, technological opportunities, policy supports. To test the hypotheses, this study conducted a questionnaire survey on 150 SMEs. The analyses of the data showed that size, innovation capability, CEO characteristics, organizational structure, technological opportunities were positively significantly related to technological innovation. But, corporate strategy, corporate culture, networking, policy supports did not related to technological innovation significantly. The implications of these findings, limitations, future research directions were also discussed.

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There are various export support programs(ESPs) in Korea to promote the export of small medium enterprises(SMEs) by the central government, such as SMBA MKE, the local governments, the export promotion agencies such as Small Business Corporation (SBC), KOTRA, KITA, etc.
However, since such programs are not widely known, most of the Korean SMEs cannot enjoy the benefit of them. Also, some of those programs do not consider the needs or the characteristics of the export development stages(EDS) of Korean SMEs. Thus, some programs are redundantly introduced by several organizations, causing an inefficient use of government funds.
Therefore, we analyzed the present level of perception utilization of ESP, the relationship among the perception level, the utilization level the export performance of the SMEs. Specifically, based on the assumption that SMEs in different EDS will require different types of ESPs, we will empirically test whether there are differences in the perception or the utilization of the ESP in the EDS of SMEs.

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This study shows the difference between product environment, strategic choice performance of high-tech firms in Hsinchu Science Town(Taiwan) Daedeok Innopolis(Korea). Product environment(PE) is composed of three factors such as degree of competition(DC), overseas market responsiveness(OMR), overseas market intra-firm constrains(OMC), which are divided into shortage of time manpower(Constraint 1) shortage of overseas experience cost(Constraint 2) in Korean firms(KFs), where as single constraint in the case of Taiwanese firms(TFs). Product related strategic choice(PSC) is classified into two factors which are customer responsiveness(Strategy 1) product function enhancement(Strategy 2). The results are as follows. First, the influence of product environment on business performance of TFs is statistically insignificant, on the contrary, the positive influence of both DC Strategy 1 on business performance of KFs are respectively statistically at the 5%, but the negative influence of Constraint 2 on that is statistically at the 1% level of significance. Second, OMR among PE factors of TFs affects Strategy 1 Strategy 2 at the 1% level of significance. Third, Constraint 1 of OMC among PE affects Strategy 2 of KFs at the 5 % level of significance. Fourth, all PSCs(Starategy 1 Strategy 2)of both TFs KFs on their business performances are found to be statistically insignificant.

Firms decide the competitive advantages behaviors depending on the strategic framework. Therefore the homony of Firms' characters with strategies can produce good performances.
Meanwhile, The ratio of SMEs (Small & Medium sized Enterprises) to total is 99.9& in 2006 be go up continuously. However, the ratio of IPO (Initial Public Offering) to KOSPI & KOSDAQ is only 0.06%, so most SMEs are unlisted companies. Consideration of these aspects, the study on unlisted companies can give lots of useful academic & practical implications to us.
Espetially, this study tries to identify the strategic characteristics of unlisted companies by comparative analysis to author's existing study that investigated listed companies.
The results of this study revealed that the performances of unlisted companies were inferior to those of listed ones in every indices most unlisted companies were in cost leadership strategic group. The interestings were cost leadership strategic group did not achieve the goal differentiation strategic group achieved the goal very well.
This study indicates more effective strategic direction which reflect the characteristics of unlisted companies instead of undifferentiated strategic planning behavior imitating listed ones. Also, this study shows the effective organization management ways to strategic planning by identifying the characteristics of unlisted companies' performances based on Poter's generic strategies.