• Journal of Korea Trade
• /
• 제26권5호
• /
• pp.39-55
• /
• 2022

Purpose - This study empirically examines the effect of the Korean government export promotion program (EPP) on small and medium-sized enterprise (SMEs) export performance using firm-level data. Unlike most previous studies that investigated some specific samples of firms, this study analyzes a vast amount of SME data of the Korean Small and Medium Business Administration over the period 2005 to 2008. Design/methodology - An endogeneity problem arises when a firm's probability of being selected is correlated with the likelihood of successfully implementing EPPs. To control for the endogeneity of the EPPs in a relatively short-period sample, we employ 2-Stage Residual Inclusion (2SRI) RE-Tobit and bivariate Tobit procedure. Findings - Analyses show that Korean government EPPs have positive significant effects on SME exports. Empirical results also show that SME export activities are significantly encouraged by R&D investment and capital intensity, but not obviously by labor productivity. Originality/value - This study provides evidence that SME capital intensity, R&D investment, and the number of workers are significant determinants to SME exporting activities, whereas per worker labor cost and employee education are not. These results imply that even for SMEs, firm size is a major factor in promoting exporting activities.

• 디지털융복합연구
• /
• 제9권5호
• /
• pp.31-43
• /
• 2011

1997년부터 시행중인 중소기업기술혁신 개발사업은 지원대상의 재무적인 여력이 충분하지 못하고 개별과제의 기술료 금액이 상대적으로 소규모이기 때문에 사업에 참여한 중소기업들이 기술료 미납으로 인해 정부연구개발사업의 참여를 제한 당하고 관리기관은 기술료 징수로 인한 행정업무가 과다한 비효율이 있었다. 중소기업청에서는 2009년부터 보증보험을 기술료 납부 수단으로 적극적으로 활용하도록 하고 있다. 본 연구에서는 기술료 납부수단으로써의 보증보험의 성공가능성을 수치를 통한 분석을 통해 검토한다. 1997년부터 2006년까지 10년간 지원된 중소기업기술혁신사업의 기술료 징수 자료를 분석하여 주요한 모수들을 추정하고, 2008년에 지원된 동사업의 기술료 징수가 확정되는 2011년을 기준으로 보증보험 도입으로 인한 효과들을 정량적인 효과와 정성적인 효과로 구분하여 예측한다.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권9호
• /
• pp.341-350
• /
• 2020

This study aims to verify the relationship between overseas activities and performance of Korea's SMEs during the last financial crisis. Whether overseas activity performance of enterprises differed was determined based on characteristic variables, including the degree of concentration on R&D and marketing. This study also examined how SMEs' international transactions and their performance differed based on internal variable such as the level of stock holding and firm size. This study developed a model for analyzing the relationship between the level of internationalization and performance of Koran SMEs listed in the KOSDAQ. We used firm-level data, including annual reports and various data sources such as the KISVALUE program. To smooth annual fluctuations in accounting data, we used a three-year average from 2006 to 2009 for each variable in the study. The results showed that proactive overseas activities ultimately had a positive effect on an enterprise's performance, even though it initially had a negative effect. Therefore, enterprises should focus their capacity on R&D and marketing environment. Although numerous studies have focused on the relationship between overseas activities and performance of enterprises, the present study analyzed whether enterprises should continuously engage in overseas activities and what capacities they should strengthen during a global economic recession.