Korea-small and medium industry bank(SMIB)

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Determinants of Survival of Newly Created SMEs in the Brazilian Manufacturing: An Econometric Study

The paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing taking as reference the 1996-2005 period. The econometric analysis relies on time-varying version of the proportional hazard rate model that controls for unobserved heterogeneity. The evidence mostly corroborates previous findings for developed countries. Salient results include the positive role played by firm size, industry size and industry growth on survival and yet the negative influence exerted by industrial concentration and entry rate.survival, small and medium enterprises, manufacturing industry

Suppliers' opportunity enactment through the development of valuable capabilities

Available online: http://eprints.bournemouth.ac.uk/840/1/Johnsen_output_3.pdfInternational audienceThe purpose of this paper is to describe the development and application of a theoretical framework to examine the connections between different types of suppliers, their capabilities and opportunities in customer relationships, and the illustration of these connections through the findings from empirical case studies of small and medium-sized suppliers in the metal industry in Denmark. Multiple case studies involving 17 small and medium-sized suppliers within the Danish metal industry were undertaken. By focusing on the development of capabilities that are "valuable" to customers in specific types of supply, small and medium-sized suppliers may improve their responses to opportunities in their customer relationships. Further investigation is needed on the longer-term impacts of valuable capabilities on opportunity enactment by suppliers, and the examination of key issues arising from these findings across different industries and countries. Small and medium-sized suppliers, their customers and government agencies involved with suppliers should advocate and actively support the development of valuable capabilities to enhance the effectiveness of suppliers' relationship and network strategies and their potential to seize opportunities. This study highlights that different types of suppliers require different types of current and future valuable capabilities to seize opportunities and sustain current customers or develop new customer relationships

Risk management implementation in small and medium enterprises in the UK construction industry

Purpose – The competition and challenges facing construction firms during the recent recession have brought risk management (RM) to the fore in people’s minds. Examination of the difficulties of implementing RM in small and medium enterprises (SMEs) in the UK construction industry has been relatively untouched. The paper aims to discuss these issues. Design/methodology/approach – As part of on-going research to facilitate RM processing aimed at improving the competitiveness of SMEs, the difficulties in RM implementation were identified through a literature review of RM implementation in SMEs. Postal questionnaire were sent to SMEs who have experience of construction management. Findings – Of the 153 of SMEs responding, most highlighted that the main difficulty experienced is how to scale RM process to meet their requirements. None of the available standards explain the fundamental principle of applying RM to the situations that SMEs find themselves in. This difficulty is further exacerbated by a lack of management skills and knowledge in the adoption of RM tools or techniques to identify and analyse the business’ risks. Originality/value – The identified difficulties can be considered to develop a process to facilitate RM process within SMEs. </jats:sec

Development on the leading small and medium-sized industry (SMI): food industry in Jambi Province

The objectives of this research are: 1). to analyze the factors which determine the production of leading small-medium food industry, 2). to analyze the effect of leading small-medium food industry production towards community income. The analysis models used are simultaneous equation model (ESM) and simple regression. The research results show that the determining factors on the production of leading small-medium food industry are investment, production capacity, labor, sales, and the utilization of technology simultaneously. However, individually, the sales have significant influence on the production of leading small-medium food industry in which determined by promotion and market share. In addition, the influence of leading small-medium food industry is very significant on community income with a contribution of 59.54%. The amount of public income in the leading small-medium food industry is IDR 1.5 million for a single production period of 1.5 months or approximately IDR 1 million per month

Importance of Agro-food Industry for Small and Medium-sized Towns in EU Countries; An Inter-regional SAM Analysis

This paper examines the importance of the agro-food industry for the local economy of thirty selected small and medium-sized towns in the EU. Calculations are based on interregional SAM analysis, which were constructed for each town. On the whole, it can be said that the higher the degree of integration of the agro-food sector in the local economy, the larger its role for the rural town and its hinterland. In addition, the SAM analyses show the impact of a demand change in the agro-food sector located in one zone of the town on the other zone of the town. It helps policy makers to understand the economic and social strengths and weaknesses of the agro-food industry in their towns.SAM, agro-food industry, EU small and medium-sized towns, Agribusiness,

Indonesia's small and medium-size exporters and their support systems

The authors survey a sample of 91 small or medium-size exporters of garments, rattan furniture, the two are reasonably equally mixed. About 75 percent of the entrepreneures in garments and rattan furniture, and carved wooden furniture (Jepara), and interview people in public and nonprofit agencies active about issues affecting small and medium-size enterprises (SMEs). Indonesia's garment industry is dominated by entrepreneurs of Chinese descent and the Jepara industry by pribumi (Indonesian Malays); in rattan furniture, the two are reasonably equally mixed. About 75 percent of the entrepreneures in garments and rattan furniture have some university education; less than half of those in the more traditional, skill-based Jepara industry do. In most of the firms, international marketing was handled exclusively through private channels, that is also how most firms acquired technological capability. But such channels appeared to be more readily accessible by larger firms, by educated entrepreneurs, and by non-pribumi who could take advantage of the extended-family network that connects ethnic Chinese in the region. Relying exclusively on private channels means running the risk that participation in export markets will be limited to a relatively narrow base of entrepreneurs. Pribumi and smaller firms relied heavily on collective marketing support provided with a"light touch"- for example, support for participation in trade fairs. The Ministry of Trade's international network of offices geared to providing information and facilitating transactions was of little use to the firms surveyed. Collective technology support also appeared to be somewhat more important for smaller, pribumi firms, although its impact was modest. Employing expatriates was a powerful mechanism for acquiring technological capability, especially in the rattan and garment sectors, although it was concentrated disproportionately among the non-pribumi entrepreneurs. Indonesia's collective institutions suffer from pervasive organizational weaknesses that limit their ability to help broaden the base of private entrepreneurship in small and medium-size firms. Public institutions generally lack the commitment, resources, and flexibility needed to provide quality support to SMEs, and the industry association often lack the professionalism and accountability needed to gain SMEs'confidence. But public support can be useful when it involves relatively simple services, such as support to organize local fairs, to facilitate participation in fairs abroad, or to use foreign private consultants.Microfinance,Small Scale Enterprise,Small and Medium Size Enterprises,Water and Industry,Public Health Promotion,Small Scale Enterprise,Private Participation in Infrastructure,Microfinance,Health Monitoring&Evaluation,Water and Industry

SME Innovation in the Malaysian Manufacturing Sector

This paper examines the determinants of innovation amongst small and medium enterprises in the Malaysian manufacturing sector using firm-level data. For small-sized firms, younger firms are more likely to innovate compared to older firms. However, for medium-sized and large-sized firms, older firms are more likely to innovate. The extent of foreign ownership is not an important determinant of innovation. Small-sized firms with more employees are more likely to innovate. Medium-sized firms that produce for domestic market tend to be more innovative. In terms of ownership structure, medium-sized firms that are public limited companies are less likely to innovate. The relationship between technological characteristics of industry and firms' likelihood to innovate appear to be complex. Higher market concentration is associated with higher probability to innovate for medium-sized firms.