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on Small Business Management |
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Issue of 2020‒01‒06
sixteen papers chosen by João Carlos Correia Leitão Universidade da Beira Interior |
| By: | Gergely Farkas (University of Szeged, Faculty of Economics and Business Administration); Éva Málovics (University of Szeged, Faculty of Economics and Business Administration); Beáta Kincsesné Vajda (University of Szeged, Faculty of Economics and Business Administration) |
| Abstract: | We used the Schwartz theory of basic values to examine the effect of them on entrepreneurial behaviour. According to the literature, family businesses tend to act in business based on family values. In non-family business, the connection between the leader?s values and the organizational values is less tight. We measured entrepreneurial behaviour with Entrepreneurial Orientation (EO), Learning Orientation (LO), Growth Orientation (GO), and three more dimensions about how the entrepreneurs connect to their business environment. The study used survey method and reached 298 small and medium-sized firms in the Southern Great Plain region of Hungary.Results show that family and non-family entrepreneurs only differ in conservation values (security, conformity, tradition). This is a well-known difference in the literature. However, our primary goal was to compare groups of family and non-family entrepreneurs when a quadrant of the basic value model has a higher or lower value than the median of the sample. This way, we found, those family businesses with a high value of openness to change (stimulation, self-direction) have higher EO and GO. Both groups with a high value of self-transcendence have higher LO. Family firms with high conservation values have higher LO; meanwhile, in non-family businesses, the higher openness to change is associated with higher LO. We expected higher self-enchantment (achievement, power, hedonism) might lead to higher EO, but it stands only for family firms.The pattern of connection of basic values and behaviour differs in the case of family and non-family firms. Our study confirms that the effect of leader?s basic values is less visible on entrepreneurial behaviour in case of non-family firms, but it exists. In case of family firms, the higher conservation values benefit as higher EO and LO and more intense networking in behaviour. |
| Keywords: | Entrepreneurial Orientation, Learning Orientation, Growth Orientation, family business |
| JEL: | L26 O30 D23 |
| Date: | 2019–10 |
| URL: | http://d.repec.org/n?u=RePEc:sek:iacpro:9712056&r=all |
| By: | Nathalie Belhoste (GEM - Grenoble Ecole de Management); Rachel Bocquet (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Veronique Favre-Bonté (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Frédéric Bally (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc) |
| Abstract: | This article integrates research on the internationalisation processes of small and medium sized enterprises (SMEs) and export assistance services to investigate how such firms use support services drawing upon a large, qualitative study of 32 French traditional SMEs and international new ventures (INVs) that have entered Asia. Our key contribution is to consider the time to internationalisation (gradual or rapid) and the stage of internationalisation (entrance or intensification) rather than export intensity alone, and to examine how support services can help SMEs internationalise. The identification of different configurations of uses leads to the development of theoretical propositions that extend existing models pertaining to support services and firm internationalisation. These findings have several important managerial implications for support services to target their offer more precisely to two types of SMEs; they also provide useful guidance for SMEs to determine which tailor-made offerings from private and public actors are most applicable to their internationalisation efforts. |
| Keywords: | traditional small medium-sized enterprises,international new ventures,internationalisation process,internationalisation support services |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-02380381&r=all |
| By: | Rachel Bocquet (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Christian Le Bas (ESDES - École de management de Lyon - Université Catholique de Lyon); Caroline Mothe (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Nicolas Poussing (LISER - Luxembourg Institute of Socio-Economic Research - Luxembourg Institute of Socio-Economic Research) |
| Abstract: | Both corporate social responsibility and diversity influence firms' innovation, yet their relationship and links to innovation remain uncertain, especially among small to medium-sized enterprises. Relying on strategic and institutional CSR perspectives and a value-in-diversity approach, this study examines the mediating roles of gender and nationality diversity on the CSR–innovation link at the organizational level. With a sample of 1,348 SMEs from Luxembourg, the results show that strategic CSR can promote both types of diversity, but only nationality diversity triggers technological innovation. Nationality diversity emerges as a partial mediator of the relationship between CSR and SMEs' technological innovation. Thus, strategic CSR, through the genuine pursuit of such diversity, can help SMEs attain positive returns on their product or process innovation. These results have important theoretical and managerial implications. |
| Keywords: | strategic CSR,diversity,gender,innovation,nationality,responsive CSR |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-02380559&r=all |
| By: | Sciences, Research Coach in Social; Tran, Duc-Anh |
| Abstract: | The reasons for this exploratory investigation are to give a comprehension of the role of small and medium-sized enterprises (SMEs) in the new product development (NPD) procedure of SMEs in Vietnam and make a comparison between the NPD process and a particular case from the personal interview. The goal is to explore whether particular industries fully follow the NPD process or not. Firstly, discover the meaning of family business and SMEs; secondly, the NPD procedure; thirdly, using the NPD in the particular setting of SMEs (comparison). In addition, there are two questions, which are “How do small and medium-sized businesses conduct NPD activities?”, and “Which are the enabling factors and the constraining factors for NPD?” |
| Date: | 2019–09–06 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:3uk7t&r=all |
| By: | Daunfeldt, Sven-Olov (HUI Research); Engberg, Erik (Growth Analysis); Halvarsson, Daniel (The Ratio Institute); Kokko, Ari (Copenhagen Business School); Tingvall, Patrik (Growth Analysis) |
| Abstract: | This paper examines the role of wholesale firms as facilitators of exports for small and medium-sized Swedish businesses. Our findings suggest that wholesale firms do facilitate access to difficult markets located outside Europe. For exports of a particular good to a given market, we observe a positive correlation between the export volumes of wholesale and manufacturing firms. Finally, we present evidence that supports a prediction from recent trade models with differentiated firms, namely that wholesale firms can facilitate exports for firms that are not themselves capable of direct exports. |
| Keywords: | Trade; Wholesale; Intermediation; Productivity; Manufacturing; Institutions |
| JEL: | D22 F14 F18 |
| Date: | 2019–12–20 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:ratioi:0328&r=all |
| By: | Marzinotto, Benedicta; Wintr, Ladislav |
| Abstract: | This paper finds that employment protection legislation (EPL) had a significant impact on employment adjustment in Europe over 2001-2013, once we account for firm-size related exemptions to EPL. We construct a novel coverage-adjusted EPL indicator and find that EPL hinders employment growth at the firm level and increases the share of firms that remain in the same size class. This suggests that stricter EPL restrains job creation because firms fear the costs of shedding jobs during downturns. We do not find evidence that EPL has positive effects on employment by limiting job losses after adverse shocks. In addition to standard controls for the share of credit-constrained firms and the position in the business cycle, we also control for sizerelated corporate tax exemptions and find that these also significantly constrain job creation among incumbent firms. |
| Keywords: | employment protection,firm growth,job reallocation |
| JEL: | D22 J08 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:iwhcom:52019&r=all |
| By: | Vuong, Quan-Hoang; Ho, Toan Manh (Thanh Tay University Hanoi) |
| Abstract: | Conventional entrepreneurship considers three main characteristics: risk-taking, small-scale, and self-employment. The concept of computational entrepreneurship shares the same characteristics, but the computational power transforms the business. In computational entrepreneurship, risk-taking has become calculated risk-taking employing the availability of extensive computing power; the payoff for individual transaction might be smaller but the entrepreneur may benefit from a larger scale of business due to the connectivity of the Internet. Hierarchical models of entrepreneurial activities may also be possible, together with the serendipity-based modality of spotting emerging business opportunities. |
| Date: | 2018–12–09 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:6n9wb&r=all |
| By: | David Carassus (CREG - Centre de recherche et d'études en gestion - UPPA - Université de Pau et des Pays de l'Adour); Y. Queyroi; C. Favoreu; C. Maurel; Pierre Marin (CREG - Centre de recherche et d'études en gestion - UPPA - Université de Pau et des Pays de l'Adour) |
| Abstract: | Cet article s'intéresse aux innovations dites territoriales mises en oeuvre par les collectivités locales qui les perçoivent comme un levier principal d'amélioration de la performance des services publics en réponse à un contexte soumis à de fortes contraintes. Les auteurs proposent d'étudier tout particulièrement l'innovation comme un phénomène multidimensionnel dont la dynamique est influencée par plusieurs facteurs. Ainsi, l'objectif de cette recherche est d'analyser l'impact potentiel de différents types de déterminants sur les différentes formes d'innovations publiques territoriales, en s'appuyant sur une recherche quantitative menée auprès de collectivités locales françaises fin 2017. Les résultats de cette recherche sont doubles en apportant, sur le plan théorique, un éclairage sur les dynamiques de changement et d'innovation ainsi qu'en identifiant, sur le plan pratique et managérial, des déterminants communs à l'ensemble des innovations territoriales, à savoir le leadership administratif et le caractère frugal de l'innovation, ainsi que des leviers spécifiques à chaque type d'innovation. Abstract : In order to improve the performance of public services during this period of strong constraints, territorial innovations are implemented by local authorities. In this research, the authors specifically propose to study innovation as a multidimensional phenomenon whose dynamics are influenced by several factors. Thus, the objective of this research is to analyze the potential impact of different types of determinants on the different forms of territorial public innovation, based on quantitative research conducted among local authorities in France at the end of 2017. The results of this study are both theoretical and practical. First, the authors identify the specific dynamics of change and innovation and, secondly, they highlight the common determinants to all territorial innovations which are the administrative leadership and frugality of innovation, as well as they point out the specific levers to each type of innovation. |
| Keywords: | FAVOREU Christophe,Toulouse Business School,cfavoreu@tbs-educationfr MAUREL Christophe,Université d'Angers Mots clés : Innovation territoriale,déterminants,analyse quantitative |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-02142225&r=all |
| By: | Rachel Bocquet (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Sandra Dubouloz (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc) |
| Abstract: | The two main perspectives regarding the drivers of managerial innovation (MI)-institutional and rational-are often presented as contrasts in previous literature. This article seeks to bridge the two perspectives in an effort to analyze the external antecedents of MI in an open innovation framework. Using the French Organizational Change and Computerization survey, this analysis reveals that MI is influenced not only by active external search strategies but also by coercive pressures and a quest for legitimacy. The results also indicate a substitution effect between external search activity and absorptive capacity in relation to MI. That is, openness is beneficial for managerial innovation in manufacturing firms but internal obstacles still dominate. |
| Keywords: | Managerial innovation,Open innovation,Rational approach,Institutional theory,Manufacturing firms |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-02380541&r=all |
| By: | Konstantins Benkovskis (Bank of Latvia); Olegs Tkacevs (Bank of Latvia) |
| Abstract: | This study provides new evidence on sector-specific differences in the age-productivity profiles in a country that has witnessed substantial shifts in the economic structure and features flexible labour market and high labour force participation among the elderly. Using a matched employer–employee dataset of Latvian firms, the paper unveils a conventional hump-shaped or downward sloping relationship in manufacturing and trade, but almost no or very small negative effect of ageing workforce in knowledge-intensive service sectors that largely employ high-skilled white-collar employees. The results suggest that investing in human capital, in particular training of elderly employees as well as addressing severe skill shortages in the ICT services sector have to be considered to reduce the downward pressure of ageing on firm performance. It also highlights the importance of efforts made by public institutions in improving health care and promoting healthier lifestyles to increase the number of healthy life years. |
| Keywords: | firm productivity, ageing population, age-productivity profile |
| JEL: | C23 L25 |
| Date: | 2019–11–04 |
| URL: | http://d.repec.org/n?u=RePEc:ltv:dpaper:201903&r=all |
| By: | C. Maurel; David Carassus (CREG - Centre de recherche et d'études en gestion - UPPA - Université de Pau et des Pays de l'Adour); Y. Queyroi; C. Favoreu; Pierre Marin |
| Abstract: | Cet article s'intéresse aux innovations dites territoriales mises en oeuvre par les collectivités locales qui les perçoivent comme un levier principal d'amélioration de la performance des services publics en réponse à un contexte soumis à de fortes contraintes. Les auteurs proposent d'étudier tout particulièrement l'innovation comme un phénomène multidimensionnel dont la dynamique est influencée par plusieurs facteurs. Ainsi, l'objectif de cette recherche est d'analyser l'impact potentiel de différents types de déterminants sur les différentes formes d'innovations publiques territoriales, en s'appuyant sur une recherche quantitative menée auprès de collectivités locales françaises fin 2017. Les résultats de cette recherche sont doubles en apportant, sur le plan théorique, un éclairage sur les dynamiques de changement et d'innovation ainsi qu'en identifiant, sur le plan pratique et managérial, des déterminants communs à l'ensemble des innovations territoriales, à savoir le leadership administratif et le caractère frugal de l'innovation, ainsi que des leviers spécifiques à chaque type d'innovation. Abstract : In order to improve the performance of public services during this period of strong constraints, territorial innovations are implemented by local authorities. In this research, the authors specifically propose to study innovation as a multidimensional phenomenon whose dynamics are influenced by several factors. Thus, the objective of this research is to analyze the potential impact of different types of determinants on the different forms of territorial public innovation, based on quantitative research conducted among local authorities in France at the end of 2017. The results of this study are both theoretical and practical. First, the authors identify the specific dynamics of change and innovation and, secondly, they highlight the common determinants to all territorial innovations which are the administrative leadership and frugality of innovation, as well as they point out the specific levers to each type of innovation. |
| Keywords: | Innovation territoriale,déterminants,analyse quantitative |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-02141986&r=all |
| By: | MIYAKAWA Daisuke |
| Abstract: | We examine the association between changes in supply chain networks and firm dynamics. To determine the causal relationship, first, using data on over a million Japanese firms, we construct machine learning-based prediction models for the three modes of firm exit (i.e., default, voluntary closure, and dissolution) and firm sales growth. Given the high performance in those prediction models, second, we use the double machine learning method (Chernozhukov et al. 2018) to determine causal relationships running from the changes in supply chain networks to those indexes of firm dynamics. The estimated nuisance parameters suggest, first, that an increase in global and local centrality indexes results in lower probability of exits. Second, higher meso-scale centrality leads to higher probability of exits. Third, we also confirm the positive association of global and local centrality indexes with sales growth as well as the negative association of a meso-scale centrality index with sales growth. Fourth, somewhat surprisingly, we found that an increase in one type of local centrality index shows a negative association with sales growth. These results reconfirm the already reported correlation between the centrality of firms in supply chain networks and firm dynamics in a causal relationship and further show the unique role of centralities measured in local and medium-sized clusters. |
| Date: | 2019–12 |
| URL: | http://d.repec.org/n?u=RePEc:eti:dpaper:19100&r=all |
| By: | Christian Catalini; Jorge Guzman; Scott Stern |
| Abstract: | The majority of IPOs and acquisitions are achieved without venture capital financing, yet research has focused mostly on VC backed firms. Using founding choices and a predictive analytics approach on virtually all US registered businesses, we shed light into these “missing” growth firms. Founding choices that predict raising venture capital also strongly predict equity exits without VC. Firms with growth potential are similar to each other, irrespective of funding source. Moreover, matching firms that are born with identical observables, but only differ in whether they receive venture capital, suggests an upper bound to the returns to venture capital of 600%. |
| JEL: | G24 L26 |
| Date: | 2019–12 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:26521&r=all |
| By: | Antonio Costantini (Dept. of Management, Università Ca' Foscari Venice); Stefano Landi (Dept. of Management, Università Ca' Foscari Venice); Michele Bonazzi (Dept. of Management, Università Ca' Foscari Venice) |
| Abstract: | The balanced scorecard (BSC) has received considerable attention, by companies and researchers, for its potentiality in mitigating the limitations of traditional management accounting tools and supporting the strategic management. Despite this interest, there is still little empirical evidence on the levels of BSC implementation and on the contextual factors influencing it. This study explores whether company size and type of industry affect the BSC use. A survey was conducted in a highly productive region, the Northeast Italy, and a quantitative analysis was carried out to assess the statistically significance of the association between size or industry and the BSC use. The results confirm prior studies showing that the BSC use is biased towards larger companies. However, this holds in every industry except in the manufacturing, where also small firms are prone to adopt it. A qualitative analysis integrates these results, highlighting possible motivations of the BSC use (or non-use). |
| Keywords: | balanced scorecard, contingency factors, performance management tools, SME |
| JEL: | M41 |
| Date: | 2019–12 |
| URL: | http://d.repec.org/n?u=RePEc:vnm:wpdman:170&r=all |
| By: | Claudio A. Bonilla; Marcos Vergara; Richard Watt (University of Canterbury) |
| Abstract: | In this paper we study two decisions made by an individual. First, the decision to transit from paid and secure employment into risky entrepreneurship and second, the decision about the size or scale of the venture for transitioned entrepreneurs. In doing so, we focus on the risk attitudes and characteristics of the decision makers to analyze the effects of greater risk aversion, wealth increases and stochastic dominant shifts in the distribution of results. Interesting results arise for our comparative static results, where risk aversion, the DARA property and an upper bound for absolute risk aversion coefficient play the key roles in our results. |
| Keywords: | Entrepreneurship, Risk Aversion, DARA |
| JEL: | D81 L26 |
| Date: | 2019–12–01 |
| URL: | http://d.repec.org/n?u=RePEc:cbt:econwp:19/20&r=all |
| By: | Rikard FORSLID; OKUBO Toshihiro |
| Abstract: | This paper develops a simple model of spatial sorting where the least productive entrepreneurs are drawn to the large core region. This is an unusual feature. The literature on spatial sorting typically shows how the most productive individuals and firms agglomerate to the core. However, our model is consistent with data that reveals that large agglomerations also attract unproductive entrepreneurs. |
| Date: | 2019–12 |
| URL: | http://d.repec.org/n?u=RePEc:eti:dpaper:19102&r=all |