《金融支持文献综述及外文文献资料》由会员分享，可在线阅读，更多相关《金融支持文献综述及外文文献资料（22页珍藏版）》请在金锄头文库上搜索。
1、金融支持文献综述及外文文献资料金融支持文献综述及外文文献资料本份文档包含：关于该选题的外文文献 、文献综述一、外文文献标题: Internationalization strategy, firm resources and the survival of SMEs in the export market作者: Baum, Matthias期刊: Journal of International Business Studies卷: 45；期: 7；页: 821-841；年份: XXThe Activation of Technology Finance through Support fo
2、r Small and Medium-SizedEnterprises in KoreaAbstractAs the economy transitions to a knowledge-based paradigm, small and medium-sized enterprises can become more competitive by securing greater technological power, coupled with excellent innovation and flexibility. Thus, the objective of this paper i
3、s to gain a better understanding of the current situations of Small and medium-sized enterprises in Korea, and to discuss on the activation of technology finance provision systems.Keywords: Small and medium-sized enterprise, Technology finance, Ventures1. IntroductionThe Korean economy grew rapidly
4、until the mid-1990s. Such rapid economic growth was promoted in an economic structure in which large enterprises, rather than small and medium-sized enterprises, were the top priority. However, advanced countries must maintain a high-speed industrial structure based on up-to-date technology and high
5、 added value, and such structure must be considered subservient to the development of small and medium-sized enterprises characterized by excellent technology innovation and flexibility.In the past, policies and systems designed to support the technological development of small and medium-sized ente
6、rprises were not constructed in a generally efficient and organic manner, but were rather pursued in a very complex and makeshift way, in efforts to quickly address changing situations. Beginning in the mid-1990s, Korean economic growth was led by knowledge-based industries, whichexpanded over a sho
7、rt period of time, during which a great deal of support was provided to small and medium-sized enterprises in order to nurture knowledge-based enterprises and activate ventures according to the degree of firm growth. Such policies also contributed greatly to price and employment stability, as well a
8、s improved international payment balance. However, despite the rapid growth of knowledge-based industries, the majority of technology-driven enterprises in Korea suffer from fund-raising difficulties.Under the present global economic regime, the development of national industries requires the foster
9、ing of ventures and the strengthening of their competitiveness based on their technologies and intellectual property rights. In this age of globalization, in which technology finance is becoming increasingly important, the purpose of this paper is to determine the current state of small and medium-s
10、ized enterprises, as well as the actual conditions of technology finance support systems in Korea.2. The Characteristics and Current Situation of Small and Medium-Sized Enterprises in KoreaThe scale of small and medium-sized enterprises is relatively small as compared to large enterprises. In other
11、words, small and medium-sized enterprises in an economic regime tend to have less capital, technology, and management ability than large enterprises (Jeong, XX; Moon, XX). In our world, small and medium-sized enterprises play such a significant role in a national economy and have so great a politica
12、l and social impact on the country that the position of small and medium-sized enterprises must be considered of great value to a countrys economic stability and growth. Generally, small and medium-sized enterprises perform a positive role in establishing the foundation for the stability of the nati
13、onal economy, activating the development of the economy, expanding the export base, advancing the industrial structure, achieving balanced growth, enhancing the countrys ability to meet economic challenges, improving the balance of international payments, diversifying consumer choices, innovating re
14、levant technologies, and activating local economies (Friedman et al., XX; Kim, 1993).Small and medium-sized enterprises in Korea are facing substantial troubles, both at home and abroad. Their external problems include industrial adjustment-associated restructuring, while their internal problems inc
15、lude a rapidly changing international environment, including evolving international political conditions. The Gyeonggi Small and Medium Business Center monitored the on-site difficulties faced by small and medium-sized enterprises, and identified their most prominent problem as financial difficulty,
16、 followed by difficulties associated with manpower, rising costs, and markets (including domestic demand and exports). Table 1 below lists these difficulties, which can be considered the top priorities.According to the survey results of the lack of small and medium-sized enterprises funds in XX published by the Korean Federation of Small and Medium Business, the top difficulty experienced recently by small and medium-sized enterprises is that associated with the supply of and demand for raw
