• Title/Summary/Keyword: Small Enterprises

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The Influence of Government Dimension on Financial Education and Empowerment of Micro-, Small- and Medium-Sized Enterprises in Indonesia

  • SAHELA, Karisa Zeisha;SUSANTI, Riana;ADJIE, Askardiya Radmoyo
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.637-643
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    • 2021
  • The study examines the influence of the five pillars of inclusive financing on the empowerment of micro-, small- and medium-sized enterprises (MSMEs) and the influence of institutional conditions on the empowerment of MSMEs. This study uses primary and secondary data. The population of the study are MSMEs; the is a total of 930,620 MSMEs in Jakarta. Owners of micro-, small- and medium-sized enterprises is a good population to be measured because they are the main actors that know exactly the challenges and the obstacles in doing business addressing problems faced in inclusive financing, which is related to the purpose of the study. The research borrows from finance and entrepreneurial theories for model design. The results of the study show that all the variables are significant and positive in the efforts to finance MSMEs in Indonesia, which means that financial education plays an important role in the sustainability of financial inclusion. The financial theory, developed to explain financing at the company level, needs to be adapted to the entrepreneurial situation, so that it can explain the behavior of small businesses. This means that, with correct financial knowledge, financial inclusion plays an important role in the sustainability of MSMEs in Indonesia.

Priority Analysis of Supply Chain Risk Management for Business Using AHP (공급사슬 리스크 관리에 관한 우선순위 분석)

  • Ji-Yeong Ko
    • Korea Trade Review
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    • v.47 no.3
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    • pp.17-35
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    • 2022
  • The Pandemic crisis caused by COVID-19 has raised awareness of the importance of supply chain risk management, such as the control of movement between countries and the simultaneous manufacturing paralysis in the world. Effective risk management within the supply chain of the company is a core competency in the global environment. Therefore, this study quantitatively analyzed the perspective of domestic large corporations and small and medium enterprises (SMEs) by using the hierarchical analysis method (AHP) to identify the factors that should be considered as the priority when establishing supply chain risk management plans for large and small business employees. In order to conduct the study, a survey was conducted on large corporations and small and medium enterprises in Gyeongnam and Busan, and AHP analysis was conducted using Microsoft 365 excel program. In addition, Mann-Whitney U test (independent sample-nonparametric test) was conducted using SPSS/18 version of statistical package program for comparative analysis between groups. As a result, the priority was highly evaluated in the order of financial ability, competitiveness, disaster in the overall priority evaluation. There were statistically significant differences in internal risk and strategic decision making of supply chain between groups. This suggests that fandemics such as COVID-19 can not be predicted, but strategic responses are needed to utilize opportunities expressed in the crisis through supply chain risk management and to increase the competitive advantage of domestic companies even in the crisis.

A Study for Governmental Support to building Information Systems of Small and Medium-sized Enterprises (중소기업의 정보화지원정책에 관한 연구)

  • 서정우;김은홍;안성만
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.11a
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    • pp.289-292
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    • 2003
  • SME's (Small and Medium-sized Enterprises) have limited resources to build information systems on their own. We suggest what government need to do to support SME's, which includes establishing a one-stop service center, outsourcing of public service, and triggering strategy In order for the government support to be effective, it should serve SME's needs continuously and professionally.

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A Study on the Development of Enterprise Resource Planning System for Small-and-Medium Sized Enterprises (중소기업형 표준정보시스템 개발에 관한 연구)

  • 이교상;박화규;손주찬;고영철;백종명;박상봉
    • The Journal of Society for e-Business Studies
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    • v.2 no.2
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    • pp.137-153
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    • 1997
  • The acceptance of enterprise resource planning (ERP) system in the industries is essential to enhance the enterprise-wide productivity and global competitiveness. In this study, we first describe the needs for the ERP system and the structural backgrounds of the system. Then we suggest our strategies for the implementation of the standard ERP system under the small and medium enterprises (SMEs).

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A case study on revitalization scheme for hybrid business association (강원도 산학 협력 프로그램 운영 방안 사례)

  • Lee, U-Cheon;Park, No-Guk
    • Proceedings of the Safety Management and Science Conference
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    • 2011.11a
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    • pp.145-155
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    • 2011
  • Ten years have passed since the establishment of KOSHBA(Korea Small and medium enterprises Hybrid Business Association). KOSHBA is composed of over 400 regional groups; over 6,000 enterprises are participating in the association. To become a dynamic and vital association, it is necessary to share, learn, and discuss their managerial problems based on mutual trust and respect at the regular monthly meeting.

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Rational Cooperation Methodology for Activities of Single PPM and 6 Sigma (싱글PPM활동과 6시그마활동의 합리적인 연계방법)

  • Koh Sang-Rag;Kim Chang-Eun
    • Journal of the Korea Safety Management & Science
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    • v.7 no.4
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    • pp.121-140
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    • 2005
  • In Korea, an enterprise usually operates two kinds of similar innovative activities at the same time and the same place. The activities make medium and small enterprises incur conflicts of taske and wastes of resources. The solutions for cooperation of the activities, Single PPM and 6 Sigma, are increasing the competency and efficiency of the medium and small enterprises in Korea.

A case study on revitalization scheme for hybrid business association (중소기업 이업종교류회의 효율적 운영 방안)

  • Park, No-Guk;Jang, Seok-Ju;Kim, Hong-Jae
    • Proceedings of the Safety Management and Science Conference
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    • 2008.11a
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    • pp.371-382
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    • 2008
  • Ten years have passed since the establishment of KOSHBA(Korea Small and medium enterprises Hybrid Business Association). KOSHBA is composed of over 400 regional groups; over 6,000 enterprises are participating in the association. To become a dynamic and vital association, it is necessary to share, learn, and discuss their managerial problems based on mutual trust and respect at the regular monthly meeting.

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The Role of Overconfident CEO to Dividend Policy in Industrial Enterprises

  • HOANG, Lam Xuan;DANG, Duong Quy;TRAN, Thuan Duc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.361-367
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    • 2020
  • Researching the influence and role of CEO overconfidence to dividend policy is important for stock market investors. Therefore, this study was conducted to find out the relationship between CEO overconfidence and dividend policy in industrial enterprises in Vietnam. Data collected from 222 industry enterprises listed on the Vietnam Stock Exchange from 2012 to 2018. Data is collected on financial statements of listed companies. GLS model with panel data is used to analyze regression results. The results show that CEO overconfidence has dividend yield higher than CEO non-overconfidence. At the same time, the dividend payout ratio of enterprises has no difference between CEO overconfidence and CEO non-overconfidence. The results also showed that revenue growth has a positive impact on dividend yield in small enterprises, but negative impact on dividend payout in large enterprises. Research results by firm size have similar results with the general analysis for all enterprises. At the same time, the analysis of ownership type shows that CEO overconfidence has a positive impact on dividend yield of non-state enterprises without affecting other types of enterprises. From these results, the authors also made a number of recommendations to help investors choose businesses to invest in accordance with their strategies.

A study an actual proof analysis for design management strategy of minor enterprise (중소기업의 디자인 경영 전략을 위한 실증 분석연구)

  • 홍성수;박재연
    • Science of Emotion and Sensibility
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    • v.7 no.1
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    • pp.65-81
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    • 2004
  • With the arrival of the 21th century, the management environments such as the knowledge system, information system, and technology system surrounding small and medium enterprises are being rapidly changed. These rapidly changing the environment of enterprises like the above can be thought rather profitable for the elastic and resiling medium enterprises than large enterprises. Additionally, these environments are recognized as the management circumstances which provide with the change by which medium enterprises equipped with the trustworthy creativity in the 21th century are able to become the main player of the industrial development. The position and role of medium enterprises in the national economical system are very important. The execution of the local autonomy system and the policy to activate the local economy will generally enlarge the power of medium enterprises which are based on the concerned local society more ant more. But, by the standpoint of designer, it is pointed out that there is the problem that the effective application means or the availability of the industrial design was not sufficiently recognized or understood by the manager in enterprises. Notwithstanding the above problem, a lot of domestic small and medium enterprises became to apply the industrial design as the means for improving the competitiveness of their own products in the relatively short time powered by the governmental policy, and moreover both of the concerned partners(the manager and industrial designer) had the opportunity to newly recognize the industrial design and evaluate the availability or problem of the industrial design in the actual aspect. This event means very important change. With the understanding on the above situation, the purpose of this study is to recognize whether the design is strategically applied in the management level of domestic small and medium enterprises, whether the strategical establishment of the design management is performed without any problem, whether the field designer and CEO are well recognizing the design management and what their recognition level is in order to seek the new solution for plenty of problems. Therefore, the actual proof analysis was performed for the field designer and management CEO of small and medium enterprises with the questionnaire survey and direct interview method to understand the actuality of small and medium enterprises.

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