혁신형 중소기업과 일반 중소기업의 생존기간 비교분석

Comparative Analysis for Survival Period of Innovative SMEs and General SMEs

  • 투고 : 2023.01.02
  • 심사 : 2023.02.21
  • 발행 : 2023.02.28

초록

2015년~2021년 혁신인증을 획득한 혁신형 중소기업과 일반 중소기업에 대해 생존기간의 관점에서 비교·분석하여 정책적 시사점을 도출하였다. 업력, 규모(고용인원, 자본 및 부채, 매출액 및 영업이익), 한국표준산업분류 중분류를 이용하여 혁신형 중소기업과 유사한 일반 중소기업을 선별하였으며, 생존기간은 휴·폐업 및 부도에 준하는 연체를 사건으로 정의하여 산출하였다. 생존분석 결과 혁신형 중소기업은 일반 중소기업 대비 휴·폐업 및 연체 발생 위험이 9.8% 감소하는 것으로 나타나, 혁신형 중소기업의 생존기간이 유의하게 길다는 결론을 도출하였다. 그 외 중소기업의 업력과 규모(고용인원, 자본)는 생존기간에 정(+)의 영향을, 부채는 부(-)의 영향을 미치는 것으로 나타났다. 따라서 혁신역량과 미래성장성 중심의 혁신인증 제도는 생존기간의 관점에서 유의한 지표이며, 혁신인증 제도의 혜택 및 지원정책이 중소기업의 실질적 성장과 생존을 위해서는 업력 및 업종을 반영하여 보다 체계적이고 정교화 될 필요가 있다는 결론을 도출하였다.

Policy implications were derived by comparing/analyzing innovative SMEs and general SMEs that obtained innovation certification from 2015 to 2021 in terms of survival period. Work experience, scale (employment, capital and debt size, sales and operating profit) Korean standard industry classification (2 digit) was used to select general SMEs similar to innovative SMEs. Survival period was calculated by defining suspension, closure and overdue equivalent to default as events. As a result of the survival analysis, innovative SMEs showed a 9.8% reduction in the risk of delinquency compared to general SMEs, indicating that the survival period of innovative SMEs was significantly longer. In addition, it was found that the work experience and size (employment, capital) of SMEs had a positive effect on the survival period, but debt had a negative effect on the survival period. This means that the innovation certification system centered on innovation capabilities and future growth potential is a significant indicator in terms of survival period. As a result, it was concluded that the benefits and support policies provided by the innovation certification system need to be more systematic and sophisticated by reflecting the work experience and industry for the actual growth and survival of SMEs.

키워드

참고문헌

  1. Adam, N. A., & Alarifi, G.(2021). Innovation Practices for Survival of Small and Medium Enterprises (SMEs) in the COVID-19 Times: The Role of External Support. Journal of Innovation and Entrepreneurship, 10(1), 1-22. https://doi.org/10.1186/s13731-020-00140-6
  2. Ayyagari, M., Beck, T., & Demirguc-Kunt, A.(2007). Small and Medium Enterprises across the Globe. Small Business Economics, 29(4), 415-434. https://doi.org/10.1007/s11187-006-9002-5
  3. Bayus, B. L., Erickson, G., & Jacobson, R.(2003). The Financial Rewards of New Product Introductions in the Personal Computer Industry. Management Science, 49(2), 197-210. https://doi.org/10.1287/mnsc.49.2.197.12741
  4. Chung, Y. S., & Song, Y. K.(2008). Survival Probability and Multivariate Survival Analysis of Micro-enterprises after Start-ups. Korean Social Security Studies, 24(1), 307-332.
  5. Cohen, W. M., & Levinthal, D. A.(1989). Innovation and Learning: The Two Faces of R&D. The Economic Journal, 99(397), 569-596. https://doi.org/10.2307/2233763
  6. Cohen, W. M., & Levinthal, D. A.(1990). Absorptive Capacity: A New Perspective on Learning and Innovation. Administrative Science Quarterly, 35(1), 128-152. https://doi.org/10.2307/2393553
  7. Comanor, W. S., & Scherer, F. M.(1969). Patent Statistics as a Measure of Technical Change. Journal of Political Economy, 77(3), 392-398. https://doi.org/10.1086/259522
  8. Daft, R. L.(1978). A Dual-core Model of Organizational Innovation. Academy of Management Journal, 21(2), 193-210. https://doi.org/10.2307/255754
  9. Galende, J.(2006). Analysis of Technological Innovation from Business Economics and Management. Technovation, 26(3), 300-311. https://doi.org/10.1016/j.technovation.2005.04.006
  10. Heunks, F. J.(1998). Innovation, Creativity and Success. Small Business Economics, 10(3), 263-272.
  11. Hong, S. I.(2010). Analysis of Innovation Characteristics by Technology Innovation Capability of SMEs and Policy Implications. KIET Industrial Economics, 30-41.
  12. Hwang, J. T.(2011). The Impacts of Different Types of Innovation on the Survival of Small and Medium Firms. Innovation Studies, 6(2), 47-77.
  13. Kalleberg, A. L., & Leicht, K. T.(1986). Jobs and Skills: A Multivariate Structural Approach. Social Science Research, 15(3), 269-296. https://doi.org/10.1016/0049-089X(86)90009-8
  14. Kim, I. S., Kim, S. H., & Cho, Y. M.(2011). The Effect of the Inno-biz Certificate on Management Performance: In the KOSDAQ Market. Accounting Information Review, 29(1), 183-210.
  15. Lee, B. H., Kang, W. J., & Park, S. M.(2008). Comparison of Technological Innovation and Performance between Innovative SMEs and General SMEs: Empirical Evidence and Policy Implications. Journal of Entrepreneurship and Venture Studies, 11(1), 79-100.
  16. Lee, J. W.(2021). Analysis of Technology-related Innovation Characteristics Affecting the Survival Period of SMEs: Focused on the Manufacturing Industry of Korea. Technology in Society, 67, 101742.
  17. Lee, J. W.(2019a). Comparative Analysis of Business Performance between Technology Financing SMEs and General SMEs: Analysis Based on Technology Financing SMEs that Received Technology Credit Loan. Innovation Studies, 14(1), 279-299. https://doi.org/10.46251/innos.2019.02.14.1.279
  18. Lee, J. W.(2019b). Analysis of Employment Effectiveness between Technology Financing SMEs and General SMEs: Focused on SMEs that Received Technology Credit Loan. Journal of Korea Technology Innovation Society, 22(5), 893-913. https://doi.org/10.35978/jktis.2019.10.22.5.893
  19. Lee, J. W.(2021a). Comparative Analysis of the Survival Period with a Focus on Technological Capabilities of Innovative SMEs: Focused on Manufacturing Industry. Journal of the Korean Production and Operations Management Society, 32(3), 217-233. https://doi.org/10.32956/kopoms.2021.32.3.217
  20. Lee, J. W.(2021b). Comparative Analysis of Survival Period by Technological Capabilities of Innovative SMEs in the Service Industry. Asia Pacific Journal of Small Business, 43(3), 1-20. https://doi.org/10.36491/APJSB.43.3.1
  21. Lee, J. W.(2022a). Financial Performance of Innovation-certified SMEs and General SMEs: A Comparative Analysis. Journal of the Korean Production and Operations Management Society, 33(1), 21-39. https://doi.org/10.32956/kopoms.2022.33.1.21
  22. Lee, J. W.(2022b). Employment Effectiveness of Innovation-certified SMEs and General SMEs: A Comparative Analysis. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 17(3), 257-267.
  23. Lee, S. H.(1998). Survival Analysis of the Small and Medium Firms in the Electronics Industry. KUKJE KYUNGJE YONGU, 4(2), 93-112.
  24. Lee, Y. C.(2010). A Study on the Survival Probability and Survival Factors of Small and Medium-sized Enterprises Using Technology Rating Data. Knowledge Management Review, 11(2), 95-109. https://doi.org/10.15813/KMR.2010.11.2.006
  25. Lerner, J.(2002). When Bureaucrats Meet Entrepreneurs: The Design of Effective 'Public Venture Capital' Programmes. The Economic Journal, 112(477), F73-F84. https://doi.org/10.1111/1468-0297.00684
  26. Lim, C. Y., Lee, Y. J., Lee, K. H., Kim, J. S., Bae, Y. I., & Kim, S. J.(2008). An Analysis for Korean Venture Survival(Policy Research 2008-11), Seoul: Science and Technology Policy Institute.
  27. Nam, C. W., Lee, H. K., & Kim, T. S.(2000). An Application of Survival Analysis for Firm Failure Prediction. Journal of Money & Finance, 5(3), 29-61.
  28. Radas, S., & Bozic, L.(2009). The Antecedents of SME Innovativeness in an Emerging Transition Economy. Technovation, 29(6-&), 438-450. https://doi.org/10.1016/j.technovation.2008.12.002
  29. Ryu, J. Y., Nam, J., & Yi, C. H.(2014). Analysis on the Survival Rate and Impact Factors on Survival Duration for Startup Medium and Small-sized Firms in Seoul. Journal of the Korean Urban Management Association, 27(4), 247-271.
  30. Saunila, M.(2017). Understanding Innovation Performance Measurement in SMEs. Measuring Business Excellence, 21(1), 1-16. https://doi.org/10.1108/MBE-01-2016-0005
  31. Song, C. S., & Noh, Y. H.(2011). Characteristics of Korean Venture Firms and Their Survival Analysis: A Micro-Level Approach. Journal of Entrepreneurship and Venture Studies, 14(3), 1-24.
  32. Van Reenen, J.(1997). Employment and Technological Innovation: Evidence from U.K. Manufacturing Firms. Journal of Labor Economics, 15(2), 255-284. https://doi.org/10.1086/209833
  33. Westhead, P.(1990). A Typology of New Manufacturing Firm Founders in Wales: Performance Measures and Public Policy Implications. Journal of Business Venturing, 5(2), 103-122. https://doi.org/10.1016/0883-9026(90)90003-C
  34. Westhead, P.(1995). Survival and Employment Growth Contrasts between Types of Owner-managed High-technology Firms. Entrepreneurship Theory and Practice, 20(1), 5-28. https://doi.org/10.1177/104225879502000101
  35. Yoo, H. S., Jun, S. P., & Kim, J. H.(2017). Effects of the Innovative Company Certification System on Technological Innovation Activities and Performance of SMEs. Journal of Korea Technology Innovation Society, 20(4), 1212-1242.