Government support and small- and medium-sized enterprise (SME) performance: the moderating effects of diagnostic and support services

被引:41
作者
Park, Soonae [1 ]
Lee, In Hyeock [2 ]
Kim, Jung Eun [3 ]
机构
[1] Seoul Natl Univ, Grad Sch Publ Adm, 1 Gwanak Ro, Seoul, South Korea
[2] Loyola Univ Chicago, Dept Management, Quinlan Sch Business, 16 E Pearson St, Chicago, IL 60611 USA
[3] Small Business Corp, 430 Dongjin Ro, Jinju Si, Gyeongsangnam D, South Korea
关键词
Government support; SMEs; Public loan financing; Diagnostic and support services; SME survival; SME growth; EMPIRICAL-EVIDENCE; FIRM FORMATION; ENTREPRENEURSHIP; FINANCE; POLICY;
D O I
10.1057/s41291-019-00061-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a sample of 42,261 Korean SMEs from Small Business Corporation (SBC) survey over a period of 2006-2011, this study investigates the pivotal role of government-sponsored nonmonetary diagnostic and support services in helping Korean SMEs improve their survival and growth in conjunction with government loan financing. We find that financial resources from the Korean government indeed help Korean SMEs survive, but do not necessarily help them achieve higher annual assets and sales growth. However, when government-based diagnostic and support services are combined with public loan financing, they prove to be effective in enhancing the Korean SMEs' annual assets and sales growth.
引用
收藏
页码:213 / 238
页数:26
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