• 제목/요약/키워드: New SMEs

검색결과 265건 처리시간 0.026초

알트만 Z-스코어를 이용한 신생 중소기업의 지속가능성 분석: 신재생에너지산업을 중심으로 (A Study on the Sustainability of New SMEs through the Analysis of Altman Z-Score: Focusing on New and Renewable Energy Industry in Korea)

  • 오낙교;윤성수;박원구
    • 기술혁신연구
    • /
    • 제22권2호
    • /
    • pp.185-220
    • /
    • 2014
  • 본 연구의 목적은 신기술을 바탕으로 급속히 성장한 신재생에너지 분야 기업의 재정적 어려움을 계량적으로 파악하고 부도위험과 지속가능성을 예측하는 것이다. 태양광 및 풍력기업으로 대표되는 신재생에너지산업은 신생기업이 많은 분야이며, 또한 한국의 현실상 중소기업이 많은 영역이라 start-up기업, 중소기업의 연구란 관점에서도 의의가 있다. 기업의 부도가능성 측정에 관한 연구는 재무비율을 이용한 초기모형 구축을 통한 분석, 기업의 지배구조 분석을 통한 모형분석, 위험과 생존요인을 이용한 분석 등이 주를 이룬다. 본 연구의 분석방법으로 많은 국가에서 이용되고 있는 'Altman Z-score'를 채택하였다. 분석 표본은 한국의 태양광과 풍력분야 상장기업 121개 이며, KIS-VALUE Data를 중심으로 수집, 분석하였다. 분석 대상기간은 2006년부터 2011년이다. 알트만 스코어로 분석한 결과, 태양광과 풍력기업 중에서 '경계 태세(on-alert)'로 분류되어 부도위험에 크게 노출된 기업은 38%,'예의주시(watch)'가 필요한 기업은 38%로, 합하여 76%가 지속가능성에 의문을 받는 기업으로 측정되었다. 신생기업의 경우 순수한 중소기업이 대기업군에 속한 기업보다 지속가능성이 낮았다. 기업규모가 대체적으로 큰 풍력분야 기업과 규모가 작은 태양광분야 기업의 부도위험을 비교한 결과, 풍력기업군의 부도위험이 다소 높게 나타났으나 유의적이지는 않았다. 결과적으로 Altman Z-score의 유용성이 한국의 신재생에너지 산업군 분석에도 검증되었다고 할 수 있다. 본 연구는 신성장산업인 태양광, 풍력기업의 상당수가 부도위험에 직면하였다는 것을 실증적으로 보여준 점에 의의가 있다. 또한 신생 start-up 기업의 연구, 중소기업과 대기업군기업과의 비교연구를 진전시켰다는 점에 의미가 있다.

An Evaluation of the Relationship between Origins of Corporate Competencies and Business Performance of Taiwan's SMEs

  • Tien, Shiaw-Wen;Wang, Ming-Lang;Tsai, Chih-Hung
    • International Journal of Quality Innovation
    • /
    • 제6권3호
    • /
    • pp.153-172
    • /
    • 2005
  • This study develops an exploratory model to evaluate the relationship between origins of corporate competencies and business performance, which targets small and medium-sized enterprises (SMEs) in Taiwan, analyzes 36 competence items in four functional dimensions: marketing, product design and development, manufacturing, and human resources management. The results from 760 valid samples from managers of Taiwan's SMEs reveal that in marketing competence and manufacturing competence were ranked high by Taiwan's SMEs managers. Elements contributed to manufacturing competence regarding reducing the number of suppliers has not been emphasized by Taiwan's SMEs managers. At the very top of the prevailing management competitive priority list are: (1) product or service quality, (2) timely delivery, (3) quality control improvement during the process, (4) increasing reliability of transportation, (5) introduction of new concepts and continuous improvement, and (6) improving after-sale services. The four competence dimensions are found highly correlated to business performance, which reflects the policy adjustments that Taiwan's small and medium-sized enterprises have made in the changing business environment to respond to the global market.

The Role of Knowledge on ASEAN Economic Community in Enhancing the Performance of Vietnamese Enterprises

  • NGUYEN, Nam Hoang;NGO, Minh Ngoc
    • The Journal of Asian Finance, Economics and Business
    • /
    • 제8권8호
    • /
    • pp.47-56
    • /
    • 2021
  • ASEAN Economic Community (AEC) was established in 2015 from 10 countries to realize the ultimate (adopted in 1997), which aimed to transform ASEAN into a stable, prosperous, and highly competitive region with equitable economic development, reduced poverty, and socioeconomic disparities. The purpose of this paper is to examine the effect of knowledge level on the AEC of Vietnamese small and medium enterprises (SMEs) in the textile and apparel industry towards attitudes, readiness, and performance. This study uses convenience sampling to get questionnaires from 150 SMEs in Hanoi, Vietnam. Then, the paper applies SPSS-AMOS 24 to process data. The empirical results show that AEC's implementation only has a small impact on improving SME performance. However, SMEs have adequate knowledge, attitude, and readiness about AEC. The structural modeling findings indicate that the knowledge factor has an indirect effect on SMEs' performance. This finding is to provide new insight into the roles of attitude and readiness in the case of Vietnam. These factors are needed to mediate the effect of attitudes and readiness in the relationship between knowledge and business performance, a framework strategy of business organizations, and can be used as a conceptual model to improve SMEs' performance.

IO(Information Orientation)를 이용한 중소기업 정보화 성과 분석 연구 (The Analysis on IT Performance of SMEs : Using IO(Information Orientation) Methodology)

  • 김문선;이중정
    • 한국IT서비스학회지
    • /
    • 제12권1호
    • /
    • pp.99-113
    • /
    • 2013
  • In spite of IT performance can be achieved through the interaction of IT and organization, many previous study has been treated the introduction of the information system itself as a final outcome. But if it doesn't clear about understanding on IT performance, performance management is difficult and also it is impossible to produce the intended outcomes. This study investigates the improvement of the business performance of SMEs through IT investment, whether the investment process on business performance. Analytical methods that were used in previous studies were maintained and new model IO(Information Orientation) analysis was applied. Therefore, this study is meaningful to establish a new methodology, that is not attempted until now, for evaluating the performance of IT investment, and analysis relationship between IT investment and business performance.

25KJ 초전도 에너지 저장장치의 전력제어와 발생고조파 분석 (A Power Control of 25KJ Superconducting Magnetic Energy Storage and Analysis of AC Side Current Harmonics)

  • 홍원표;원종수;이승원;황석영
    • 대한전기학회논문지
    • /
    • 제37권11호
    • /
    • pp.762-771
    • /
    • 1988
  • This paper presents the experimental study to confirm the basic properties extract the operating problems of SMES. A new fast control system including u-computer and 12pulse power converter are designed and fabricated. The experiment of 25KJ SMES discharge and charge is carried out by I-C (Inductor-Converter) unit using a new proposed control system. The proposed control algorithm is proved by the simulations and control properties tests. It is also confirmed experimetally that SMES connected I-C unit controlled by this control scheme has an effects on compansating freguency fluctuation by independent active power control.

  • PDF

Modeling and Control of Integrated STATCOM-SMES System to Improve Power System Oscillations Damping

  • Molina, Marcelo G.;Mercado, Pedro E.
    • Journal of Electrical Engineering and Technology
    • /
    • 제3권4호
    • /
    • pp.528-537
    • /
    • 2008
  • Primary frequency control(PFC) has the ability to regulate short period random variations of frequency during normal operation conditions and also to respond rapidly to emergencies. However, during the past decade, numerous significant sized blackouts occurred worldwide that resulted in serious economic losses. Therefore, the conclusion has been reached that the ability of the current PFC to meet an emergency is poor, and security of power systems should be improved. An alternative to enhance the PFC and thus security is to store excessive amounts of energy during off-peak load periods in efficient energy storage systems for substituting the primary control reserve. In this sense, superconducting magnetic energy storage(SMES) in combination with a static synchronous compensator(STATCOM) is capable of supplying power systems with both active and reactive powers simultaneously and very rapidly, and thus is able to enhance the security dramatically. In this paper, a new concept of PFC based on incorporating a STATCOM-SMES is presented. A complete detailed model is proposed and a new control scheme is designed, comprising an enhanced frequency control scheme, and a fully decoupled current control strategy in d-q coordinates with a novel controller to prevent dc bus capacitors voltage drift/imbalance. The performance of the proposed control schemes is validated through digital simulation carried out using MATLAB/Simulink.

Determinants Influencing Management Competency of Small and Medium Enterprise Directors in Vietnam

  • DOAN, Thi Mai Huong;DO, Minh Thuy;MAI, Thanh Lan;DO, Vu Phuong Anh;NGUYEN, Thi Loan
    • The Journal of Asian Finance, Economics and Business
    • /
    • 제8권12호
    • /
    • pp.107-115
    • /
    • 2021
  • Currently, small and medium-sized enterprises (SMEs) are accounting for about 98% of the total number of enterprises in Vietnam. Each year, SMEs create over one million new jobs, utilize up to 51% of the labor force in the society, and contribute more than 40% of GDP to the country. The study aims to analyze factors affecting the management competency of directors in small and medium enterprises in Vietnam. To achieve these research objectives, quantitative and qualitative methods were used concurrently. 300 questionnaires were sent out, but only 276 were collected and used for the quantitative analysis through SPSS 20.0 software. Cronbach's Alpha, EFA, and regression were used to further confirm the research findings. The research findings show that all four proposed factors have impacts on the management competency of SME directors, among which enterprise features and specific policies for entrepreneur development in the locality have the strongest impacts, followed by personal features and business environment. The findings of this study suggest that managers need to focus on factors affecting the management competency of directors. This paper also provides new insight into the management competency of directors. Based on the findings, some recommendations are given for SMEs to improve management competency.

e마켓플레이스 간 협업을 통한 전자무역 모델에 대한 연구 (A Study on Collaborative e-Marketplaces for Trade)

  • 박재천;양제민
    • 통상정보연구
    • /
    • 제7권2호
    • /
    • pp.115-137
    • /
    • 2005
  • E-trade is important that SMEs can do international business with activity. However, SMEs are facing psychological and economic barriers to e-trade. Therefore, SMEs depend on intermediaries for e-trading. In this context, APEC carried out the APEC Global B2B Interoperability Project to promote e-trade and increase benefits for member countries from 2002 to 2004. Especially this project emphasizes a collaboration with e-marketplaces. It has significance in that it is a new model to help SMEs do international trade. This study analyzes the APEC project in terms of technology and business and evaluates the project as a collaborative business model.

  • PDF

싸이리스터 PWM 컨버터를 이용한 초전도자기에너지저장장치의 전력변환기 (Power Conditioning System for SMES Using Thyristor PWM Converter)

  • 한병문
    • 대한전기학회논문지:전력기술부문A
    • /
    • 제50권6호
    • /
    • pp.293-299
    • /
    • 2001
  • This paper proposes a new power conditioning system for the SMES composed of a thyristor PWM converter with a resonant commutation circuit. The operation of the proposed system and the dynamic interaction between SMES and the power system is analyzed by a theoretical approach with equivalent circuits and verified by computer simulations with EMTP, considering a typical 154kV power system. The proposed system can provide a solution for the power factor regulation and harmonic level reduction in the ac terminal with low-cost system configuration.

  • PDF

The empirical analysis of the growth rate on Small and medium size Enterprises(SMEs) in Korea

  • Han, Jung-Hee
    • 벤처창업연구
    • /
    • 제1권1호
    • /
    • pp.105-125
    • /
    • 2006
  • This paper relates recent empirical research on the growth. Smaller and younger firms have been growing more quickly than larger and older firms, thus, generating proportionately more new jobs. It is not difficult to understand why small and medium firms receive so much attention. Because SMEs provide about 80 percent of private sector employment so SMEs performance is an important economic and social factor. Despite this, they are subject to higher risk and mobility than those at the large firms. This paper is analyzes the relationship between firm growth measured as growth in employment, sales and production and firms age, size and R&D investment. The growth and its relationship with the determinants is linked to industrial policy in Korea. Empirical results are based on an unbalanced panel data covering period 1999-2002. Results show significant relationship between growth, size and age of firm.

  • PDF