Factors Affecting the Survival of SMEs: A Study of Biotechnology Firms in South Korea

Shin, Kwangsoo; Park, Gunno; Choi, Jae Young; Choy, Minkyung

doi:10.3390/su9010108

Cited by 25 publications

(13 citation statements)

References 101 publications

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“…According to the resourcebased view, the survival and growth of a company is determined by the company's resources and capabilities (Barney, 1991). Each company has unique resources, both tangible and intangible resources (Shin et al, 2017).…”

Section: Innovation Capabilitymentioning

confidence: 99%

The Effect of Muslim Religiosity and Innovation Capability on Firm Survival: A Study on Small Enterprises During the Covid-19 Pandemic

Utomo

2020

IQTISHADIA

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<p>This research aimed to examine and analyze the effect of Muslim religiosity and innovation capability on firm survival. Also, this research investigated the moderation role of environmental uncertainty on the effect of Muslim religiosity and innovation capability on firm survival. The study was conducted during the covid-19 pandemic. The analysis unit of this research was the owners of processed food small enterprises fostered by the regional government of Bantul Regency, Yogyakarta. The number of respondents involved in this research was 120 Muslim entrepreneurs. Data were collected using closed questionnaires distributed online, than processed using SEM-WarpPLS. The results showed that the Muslim religiosity and innovation capability significantly affected firm survival. Environmental uncertainty significantly weakened the effect of innovation capability on firm survival. However, environmental uncertainty insignificantly weakened the effect of Muslim religiosity on firm survival. These research results indicate the importance of religious formation for small entrepreneurs in this crisis time. Innovation is also important in increasing the firm survival of small companies during the covid-19 pandemic. </p>

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Section: Innovation Capabilitymentioning

confidence: 99%

The Effect of Muslim Religiosity and Innovation Capability on Firm Survival: A Study on Small Enterprises During the Covid-19 Pandemic

Utomo

2020

IQTISHADIA

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“…Delmar et al [22] found that the profitability of Swedish firms is the main factor associated with their survival and growth. Guimaraes [23] analyzed the effect of indebtedness in small enterprises in Brazil; Pellegrini and Muccigrosso [24] and Shin [25] analysed the effect of subsidies in the survival of Italian and Korean firms, respectively. Analyses of these or other factors related to the survival of cultural enterprises are scarce or practically non-existent.…”

Section: Introductionmentioning

confidence: 99%

The Survival of Cultural Firms: A Study of Multiple Accounting Parameters in Spain

2020

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Cultural firms are an important development factor in economic and social terms. Their objectives are often aimed at maintaining and disseminating the traditions and values of societies. The prosperity of these firms in a nation ensures that its tangible and intangible cultural heritage is made known to other nations and generations. Despite their importance, little is known about their survival and the factors associated with it. This paper analyses data from 6951 Spanish firms, of which 2105 are cultural firms. We have studied the survival of non-cultural firms in comparison with cultural firms and also the impact that profitability, solvency and indebtedness may have on their survival. We have used the Kaplan–Meier method in order to assess their survival and the Harrington–Fleming test and the Cox regression model to check the statistical significance of variables. These variables are key factors influencing the survival of cultural enterprises. Particularly, low solvency in firms increases by twenty the risk of disappearance. This paper contributes to literature highlighting some of the key factors for the survival of cultural enterprises. It provides administrations with a roadmap in order to implement measures for the promotion of the cultural industry, favouring the process of enhancement of cultural heritage.

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“…However, the strategy for latecomers have not been extensively studied in existing business model literature. Especially in science-intensive industries such as biopharmaceutical industry, it is not easy for latecomers to sustain a business because they lack technological capabilities, organizational learning as well as responding to regulatory inquiries [7]. For this reason, the hegemony of leading companies in the biopharmaceutical industry has hardly changed compared to other industries.…”

Section: Introductionmentioning

confidence: 99%

Business Model Design for Latecomers in Biopharmaceutical Industry: The Case of Korean Firms

Song

Shin

2019

Sustainability

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Given high business risks and interdependency with various organizations in biopharmaceutical industry, business model has become a key element for firms that aim to be more sustainable and profitable. Despite its growing importance, research on the business model design in biopharmaceutical industry is limited. In particular, there is a lack of research dealing with business models or strategies for latecomers. In the face of drastic changes such as market expansion and patent expiration, there has been growing interest in latecomer’s business model in the biopharmaceutical industry. This study identifies different types of business model designs using hierarchical clustering. Based on an empirical study of 313 biopharmaceutical firms in Korea, we find three types of business models: business diversified research firm, non-diversified research firm, and mature firm. We then compare the general characteristics and performances of each cluster. The findings indicate that business diversification of biopharmaceutical firms is beneficial in terms of profit. This implies that the biopharmaceutical firms in latecomer countries such as Korea are recommended to consider business diversification for sustainable management.

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Factors Affecting the Survival of SMEs: A Study of Biotechnology Firms in South Korea

Cited by 25 publications

References 101 publications

The Effect of Muslim Religiosity and Innovation Capability on Firm Survival: A Study on Small Enterprises During the Covid-19 Pandemic

The Effect of Muslim Religiosity and Innovation Capability on Firm Survival: A Study on Small Enterprises During the Covid-19 Pandemic

The Survival of Cultural Firms: A Study of Multiple Accounting Parameters in Spain

Business Model Design for Latecomers in Biopharmaceutical Industry: The Case of Korean Firms

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