Role of Information in SMEs Supporting Services on Business Performance in South Korea

Park, Hun; Kwon, Taekyoung; Jang, Tae-Jong; Yoo, Jae-Young; Lee, Ho-Shin; Moon, Seong-Hee; Hahn, Hyuk

doi:10.1177/0971721817723383

Cited by 8 publications

(6 citation statements)

References 22 publications

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Section: Resultssupporting

confidence: 95%

“…Therefore, it can be seen that it is important to consider mediating factors when analysing the SME business performances by SME supporting services. This result is consistent with our previous study (Park et al, 2017). Moderating effect of technology and market dynamism on SME performances was analysed when the independent variable was the contribution degree to decision-making.…”

Section: Resultssupporting

confidence: 92%

“…Several studies related to SMEs in South Korea have been reported (Kang & Mah, 2015; Park et al, 2017; Sung, Rhee, & Yoon, 2016; Yun, Park, & Kim, 2016a). Our previous study clarified the route from information provision in SME supporting services to business performances by using Baron and Kenny’s mediation model (Park et al, 2017). Sung et al reported the mediating role of learning transfer in the relationship between learning organisation activities and innovativeness (2016).…”

Section: Introductionmentioning

confidence: 99%

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Effect of Technology and Market Dynamism on the Business Performances of SMEs by Supporting Services

Park¹,

Yoo²,

Moon³

et al. 2018

Science, Technology and Society

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Research objective of our study is to find the effect of technology and market dynamism on the business performances by small- and medium-sized enterprises (SME) supporting services. Technology and market dynamism have been introduced as moderating variables, utilisation degree of information provided by SME supporting services was selected as an independent variable and contribution degree to SME business performances such as revenue, export, employment and so on were selected as dependent variables. Structural equation modeling was established to analyse moderating and mediating effects on SME business performances by SME supporting services using Smart PLS programme. The SME supporting services had a direct effect on SME business performances and also indirectly influenced SME business performances via contribution degree to decision-making of SME executives. Technology and market dynamism significantly moderated the effect of decision-making of SME executives on SME business performances. It could be seen that technology and market dynamism had a mediated-moderating effect on SME business performances.

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Section: Resultssupporting

confidence: 95%

Section: Resultssupporting

confidence: 92%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Effect of Technology and Market Dynamism on the Business Performances of SMEs by Supporting Services

Park¹,

Yoo²,

Moon³

et al. 2018

Science, Technology and Society

Self Cite

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show abstract

“…It is not possible to absorb knowledge from the outside if one cannot even create or store internal knowledge in a way that it can benefit the whole organization. It was also showed that small and medium enterprises are more prone to develop open innovation due to being more flexible [41,44].…”

Section: Discussion: Open Innovation In Knowledge Management Maturitymentioning

confidence: 99%

Knowledge Management Maturity Contributes to Project-Based Companies in an Open Innovation Era

Pereira

Fernandes

Sempiterno³

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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Knowledge is a crucial asset for any organization nowadays. Despite the temporary nature of projects, proper knowledge management can improve outcomes and benefit future endeavors. However, an effective knowledge management system has to be tailored to each organization. Therefore, it is extremely important to assess the stage of knowledge management (KM) maturity of an organization. The present study analyzed the general maturity level of European project-based organizations. The analysis was performed to understand the maturity of the knowledge management cycle’s phases and it was possible to distinguish which phases were more developed and what are the main steps to create effective organizational learning in a project-based organization. Overall, European-based project-oriented organizations are halfway through the implementation of KM systems. While the need for a proper system has already been acknowledged, the infrastructure to support it still needs to be developed so proper measures can be put in practice.

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“…The growth of companies is measured using growth rates of several factors such as sales, employment, assets, capital, and profits [43,[48][49][50][51][52][53][54]. Especially, sales and employment reflect both the short-term and long-term changes of companies and can be a more objective measure of growth [43,55,56]. The relative growth is usually measured as a percentage growth rate [42,57], and this study uses both absolute and relative growth measures.…”

Section: Measurement Of Variablesmentioning

confidence: 99%

The Study on the Difference in Corporate Performance and Employment Outcomes According to the Results of Equity-Based Crowdfunding Investment

Cho

Park

Sung

2019

Journal of Open Innovation: Technology, Market, and Complexity

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The purpose of this study is to identify the difference in firm performance and employment growth between successful and failed capital procurement through equity-based crowdfunding. We conduct an empirical analysis using entire crowdfunding projects that attempted to raise capital through equity-based crowdfunding in South Korea in 2016. We summarize our findings as follows. Descriptive statistics show that the survival rate, sales growth rate, profitability growth, absolute employment growth, and employment growth rate of companies with successful crowdfunding are higher than those of companies with failed crowdfunding. However, from the difference analysis, we do not find a significant difference in the survival rate, sales growth rate, and profitability growth between companies with crowdfunding success and companies with crowdfunding failure. We find that the absolute employment growth and employment growth rate are significantly higher for companies that succeeded in crowdfunding projects compared to companies that did not. In this study, we find that the characteristics of these firms that are conducting or verifying new projects through equity-based crowdfunding financing are similar to those of prior studies results confirming the short-term effects of entrepreneurial activities or new business activities on economic performance and employment growth. In particular, it is very meaningful to confirm that the direct effect of employment growth is also found in start-up firms that raise capital through equity-based crowdfunding. By investigating the difference in firm performance and employment outcomes according to the results of equity-based crowdfunding investment, this study provides useful insights to investors for their efforts to validate participation in crowdfunding. Also, our study raises important policy implications for regulators in their efforts to resolve unemployment and the lack of capital problem for startups and new businesses.

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Role of Information in SMEs Supporting Services on Business Performance in South Korea

Cited by 8 publications

References 22 publications

Effect of Technology and Market Dynamism on the Business Performances of SMEs by Supporting Services

Effect of Technology and Market Dynamism on the Business Performances of SMEs by Supporting Services

Knowledge Management Maturity Contributes to Project-Based Companies in an Open Innovation Era

The Study on the Difference in Corporate Performance and Employment Outcomes According to the Results of Equity-Based Crowdfunding Investment

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