• Title/Summary/Keyword: Small and medium enterprises

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A Study on the Design Policy Reinforcing Korea's design Competitiveness - Focusing on Clusters System in Italia (우리나라의 디자인 경쟁력 강화를 위한 디자인정책 연구 - 이탈리아의 Clusters System을 중심으로)

  • 천정임;변추석
    • Archives of design research
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    • v.15 no.3
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    • pp.191-200
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    • 2002
  • In the 1980s, even though Italy faced economic depression, Italy (she), now, internationally became a strong nation with its best design by national unity and the developmental leap of industry through design. In Italy, especially, small and medium enterprises are accumulated by the same business in each area on the structure of a Cluster system. Italy has some characteristics that being the Italians' elastic way of management, family management and development of a consortium of small and medium enterprises, which have flexibility, imagination and decisiveness. We have to bring these intensified factors of design competitiveness to our country so that we should form the union in order to have a monopoly of specific enterprises based on the specialized technology of small and medium enterprises innovating the structure of a small quantity production having developmental flexibility. We also heighten the sense of designer and publics by achieving social opinion and cult! ural revival. Moreover, the mind of managers has to be changed more aggressively. Finally, the actual policy of design will be established and peformed, and design-company (enterprises) and the industrial economy will generally develop when we activate the structure of the industry centered on small and medium enterprises and design-related association that is united and participates in the establishment of design policy.

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Factors Affecting the Outsourcing of Accounting Activities in Small and Medium Transport Enterprises in Vietnam

  • DANG, Thuy Anh;HO, My Hanh;HO, Thi Dieu Anh;NGUYEN, Thi Thanh Hoa
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.10
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    • pp.265-275
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    • 2022
  • In the current fast-growing market economy, the accounting-outsourcing trend of small and medium-sized enterprises is on the increase. Studies from both foreign and domestic sources have shown that many factors influence this decision. However, each country has different economic and political characteristics, so these factors and their degree of impact on accounting outsourcing also vary. This study aimed to determine the factors affecting the decision to outsource accounting activities of small and medium transport enterprises in Vietnam. A survey of 384 transport SMEs was conducted using the convenience sampling method. A personal interview with owners/managers/CFOs in 3 major cities of Vietnam based on a research review was conducted. The model examines the influence of many independent variables on accounting outsourcing. The multilinear regression analysis shows that the higher the Assets Specificity, the lower the degree of accounting outsourcing. In addition, the degree of outsourcing is positively and significantly related to frequency and trust in accountants. Besides, when we include control variables such as gender, administrative level, firm size, company age, education, and experience into the model. The results show that small and medium enterprises with limited resources should switch from the traditional internal accounting method to a professional accountant with external knowledge. Based on this study, the author proposes several implications for the accounting outsourcing of small and medium-sized transport enterprises in Vietnam to be more effective. Finally, this study also contributes to the basic knowledge of accounting outsourcing.

Causes Analysis of Increasing Revocation for IMS Certification in Small and Medium-sized Enterprises (중소기업의 IMS인증 취소 증가 원인에 관한 연구)

  • Kim, Kyung-Ihl
    • Journal of Convergence Society for SMB
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    • v.2 no.2
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    • pp.7-12
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    • 2012
  • The objectivity of this study is to analyze why revocation of certification of Information Management System(IMS) increase in small and medium-sized enterprises. In this study, the main causes of revocation is the correlation between customers and enterprises. In other words, the decreases of request of customer to IMS bring about the decreases of interest of enterprises. As a result, enterprises don't feel the need of IMS, which cause revocation of IMS. This study will be helpful in improving IMS for small and medium-sized enterprises to avail themselves of the system.

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A Study on Implementation Method of ECM-based Electronic Document Leakage Prevention System through Security Area Location Information Management (보안구역 위치정보 관리를 통한 ECM기반 전자문서유출방지 시스템 구현방안 연구)

  • Yoo, Gab-Sang;Cho, Seung-Yeon;Hwang, In-Tae
    • Journal of Information Technology Services
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    • v.19 no.2
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    • pp.83-92
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    • 2020
  • The current technology drain at small and medium-sized enterprises in Korea is very serious. According to the National Intelligence Service's survey data, 69 percent of technology leaks are made through employees of small and medium-sized enterprises. A document security system was introduced to compensate for the problem. However, small and medium-sized enterprises are not doing well due to their poor environment. Therefore, it proposes a document security system suitable for small businesses by developing a location information machine learning system that automatically creates a document security Green Zone through learning, and an ECM-based electronic document leakage prevention system that manages generated Green Zone information by reflecting it into the document authority system. And step by step, propose a universal solution through cloud services..

The Effect of Job Stress and Depression on Job Satisfaction among Workers in Small and Medium Sized Enterprises (중소기업 근로자의 직무스트레스와 우울이 직무만족에 미치는 효과)

  • Choi, Soo-Chan;Lee, Ji-Sun;Sim, Se-Yeon;Lee, Ji-Hye;Park, Ji-Hye
    • Journal of Convergence for Information Technology
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    • v.7 no.1
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    • pp.1-9
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    • 2017
  • This study is to verify the mediating effect of depression between job stress and job satisfaction among workers in small and medium sized enterprises. The survey was conducted to workers in small and medium sized enterprises, and 117 cases were finally applied. As results, job stress has significantly negative effect on job satisfaction and positive effect on depression. Depression also has partial mediating effect on between job stress and job satisfaction. We finally suggest that customized management system should be provided for the workers in small and medium-sized enterprises, and occupational welfare system, including employee assistance program (EAP), must be launched for these workers.

Risk Prediction Model of Legal Contract Based on Korean Machine Reading Comprehension (한국어 기계독해 기반 법률계약서 리스크 예측 모델)

  • Lee, Chi Hoon;Woo, Noh Ji;Jeong, Jae Hoon;Joo, Kyung Sik;Lee, Dong Hee
    • Journal of Information Technology Services
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    • v.20 no.1
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    • pp.131-143
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    • 2021
  • Commercial transactions, one of the pillars of the capitalist economy, are occurring countless times every day, especially small and medium-sized businesses. However, small and medium-sized enterprises are bound to be the legal underdogs in contracts for commercial transactions and do not receive legal support for contracts for fair and legitimate commercial transactions. When subcontracting contracts are concluded among small and medium-sized enterprises, 58.2% of them do not apply standard contracts and sign contracts that have not undergone legal review. In order to support small and medium-sized enterprises' fair and legitimate contracts, small and medium-sized enterprises can be protected from legal threats if they can reduce the risk of signing contracts by analyzing various risks in the contract and analyzing and informing them of toxic clauses and omitted contracts in advance. We propose a risk prediction model for the machine reading-based legal contract to minimize legal damage to small and medium-sized business owners in the legal blind spots. We have established our own set of legal questions and answers based on the legal data disclosed for the purpose of building a model specialized in legal contracts. Quantitative verification was carried out through indicators such as EM and F1 Score by applying pine tuning and hostile learning to pre-learned machine reading models. The highest F1 score was 87.93, with an EM value of 72.41.

The Effects of Policy Funds on the Investment and Management Stabilization Financing of Small- and Medium-sized Enterprises

  • Jinhwa Chung;Bohyun Kim;Seongman Moon
    • East Asian Economic Review
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    • v.27 no.4
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    • pp.347-376
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    • 2023
  • This study empirically examines the impacts of policy funds from three different aspects using data on Daegu city's local government loans. First, we estimate the influence of policy funds on mitigating financial constraints affecting the investment decisions of Small- and Medium-sized Enterprises (SMEs), yielding inconclusive results indicating no significant discernible effects of policy funds. Second, we scrutinize the ramifications of policy funds on enterprise's management stability, revealing that these funds contribute to stabilizing the operations of small-scale enterprises. Third, we explore whether policy funds engender an unintended consequence of bolstering distressed enterprises, presenting empirical evidence that suggests a delayed exit of such enterprises.

An Empirical Study on the Establishment of a Korean Co-Prosperity Model (한국형 동반성장 모델구축에 관한 실증 연구: 포스코와 투자관련 중소기업과의 구축 사례를 중심으로)

  • Yun, Jeong-Keun;Lee, Hee-Je;Ryu, Mi-Jin;Lim, Jeong-Min;Seo, Won-Young
    • Journal of Distribution Science
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    • v.11 no.12
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    • pp.13-23
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    • 2013
  • Purpose - There is a dominant opinion that medium and small enterprises in the Korean economy have not developed qualitatively but only towards quantitative growth and, therefore, the unbalanced structure between large enterprises and those that are medium and small has worsened. In particular, this rapid industrialization causes after-effects such as polarization as well as anti-business sentiment, the collapse of the middle class, and hostility against the establishment. The consensus contends that it is difficult for Korea to be an advanced nation without resolving these problems. This paper attempts to suggest a co-prosperity model by limiting the focus to business relations with medium and small manufacturers (with regard to investment among the various co-prosperity institutions of POSCO). These co-prosperity institutions have been established in POSCO; however, it is thought that the development of a co-prosperity model regarding investment in medium and small manufacturers will help many needy investment manufacturers. Research design, data, and methodology - This study analyzes research on the co-prosperity model, using it to examine Korean cases and foreign cases. The co-prosperity model has been continuously extended but is determined to be seriously insufficient. The purpose of this study is to develop the Korean co-prosperity model by reinterpreting it in various aspects. In order to develop the Korean co-prosperity model, this study suggests the case of the establishment of the co-prosperity model by POSCO with medium and small manufacturers with regard to investment. This model is expected to be presented to many enterprises as the future co-prosperity model. Results - To date, analysis of the co-prosperity model itself and the co-prosperity model through the case of POSCO have been suggested. As empirical studies on co-prosperity in Korea are not sufficient, successful models of co-prosperity should be developed in various aspects in future. It is expected that through this study, medium and small manufacturers would have an opportunity to find various growth engines by actively using the cooperation platform and establishing optimized competitiveness of steel material through a steel business model. The ecosystem of enterprises may evolve and be healthier by making more joint products through productive business relationships between large enterprises and those that are medium and small. From the enterprises' ecosystem viewpoint, cooperation between such businesses rather than one-way support is identified as an essential element for the security of inter-competitiveness. Conclusions - Infrastructure should be established to form a dynamic industry ecosystem not by transient efforts in co-prosperity, but by an entire culture of co-prosperity across industries. In this respect, the leading role of public institutions needs to be intensified initially. In addition, the effects of co-prosperity should be extended to blind spots of policies such as third party companies and regions. A precise co-prosperity monitoring system should be established to continuously conduct and extend these efforts.

Effects of Absorptive Capacity on Innovation Performance: Evidence from Small and Medium Enterprises in Vietnam

  • NGUYEN, Dan Thi Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.139-149
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    • 2022
  • The article investigates the impact mechanism of absorption capacity (potential absorptive capacity - PAC and realized absorptive capacity - RAC) on the innovation efficiency of enterprises through the intermediate variable of dual innovation (exploratory innovation- INOR and exploitative innovation- INOI), based on the actual situation of Vietnam's small and medium enterprises (SMEs). A survey of Vietnam's SMEs was conducted from August 2020 to April 2021. The data was collected through interviews and questionnaires, and 146 valid questionnaires were received. The following results were acquired using SPSS 20.0 software to do correlation and regression analysis of data results.: The results show that the absorptive capacity of enterprises has a positive impact on innovation performance and dual innovation acts as a mediator in how absorptive capacity affects innovation performance. This study deepens the understanding of how absorptive capacity affects innovation performance and provides important new evidence for developing absorptive capacity and dual innovation in both theories and practice in Vietnam's SMEs. The study also proposes several solutions and recommendations to help Vietnam's small and medium enterprises improve their innovation capacity, competitiveness, and performance.

Determinants on the Capital Structure of Small and Medium Sized Enterprises in China (중국 중소기업의 자본구조 결정요인)

  • Yang, Zhen Tao;Park, Hee-Jung;Kang, Ho-Jung
    • Journal of Digital Convergence
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    • v.11 no.11
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    • pp.191-196
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    • 2013
  • The proportion of small and medium sized enterprises based on the number of corporations in China is 99%, the number of employees is 80%, and the proportion of GDP is 60%. These facts show that small and medium sized enterprises have an very significant effect on the economic growth of China. However, most of the researches conducted so far have studied large corporations, thus, there are relatively insufficient researches on the determinant of the capital structure of small and medium sized enterprises. Therefore, the purpose of this paper is to confirm the factors that determine the capital structure of small and medium sized enterprises in China. To achieve this purpose, we performed multiple regression method to 45 small and medium sized manufacturing enterprises listed on the Shenzhen Stock Exchange of China. Results of this study are as follows. First, the growth appeared to have a significant positive effect to the debt ratio in 1% significance level. Second, the profitability appeared to have a significant negative effect to debt ratio in 1% significance level. Third, the firm size appeared to have no effect on the debt ratio. Fourth, the secured value and tax shield effect by non-debt appeared to have a weak positive effect on the debt ratio, however these variables showed statistical insignificant.