The Interactive Effect of Government Financial Support and Firms’ Innovative Efforts on Company Growth: A Focus on Climate-Tech SMEs in Korea

Given the growing importance of climate technology and its early stage of industrial development, the Korean government has supported climate-tech small- and medium-sized enterprises (SMEs) through various policy measures, including credit guarantees. Although the extant literature argues that government financial support plays an important role in the growth of high-tech firms, research has been limited on the impacts of government financial support on company growth in the context of the climate-related industry. Using a sample of 582 climate-tech SMEs in Korea, this study explores the moderating effects of credit guarantees on the relationship between patents and firms’ sales growth as well as their direct effects on growth. This study found that credit guarantees and patent registration have positive effects on the increase in sales volume. Additionally, credit guarantees appear to weaken the relationship between patent registration and the sales growth rate. Based on these findings, we propose that, to develop the climate-technology industry, the voluntary innovation efforts of enterprises should be encouraged and credit guarantees should be provided for SMEs. In terms of managerial interventions, the government should especially avoid providing excessive benefits.

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Relationships among Government Funding, R&D Model and Innovation Performance: A Study on the Chinese Textile Industry

Sustainability ◽

10.3390/su12020644 ◽

2020 ◽

Vol 12 (2) ◽

pp. 644

Author(s):

Zhiying Zhang ◽

Hua Cheng ◽

Yabin Yu

Keyword(s):

Textile Industry ◽

Industrial Development ◽

Innovation Policy ◽

Threshold Effect ◽

Government Funding ◽

Innovation Performance ◽

High Tech ◽

Promoting Effect ◽

Pillar Industry ◽

The Relationship

The textile industry is a traditional pillar industry of the national economy in China. The strategic goal of Chinese innovation is to upgrade and transform traditional industries and make them develop in coordination with high-tech industries, so as to realize sustainable industrial development. At the core of industrial sustainable development, the innovation of the textile industry in China has become an important issue worthy of attention. Based on resource-based theory and signal transfer theory, the relationship between government funding, R&D models and the innovation performance of the Chinese textile industry is studied. The results show that government funding has a significant, direct promoting effect on the internal R&D and science-based cooperation of enterprises. Government funding indirectly promotes market-based cooperation through internal R&D. The promoting effect of internal R&D on innovation performance is greater than that of cooperative R&D. Internal R&D and cooperative R&D have more promoting effects on R&D reserve performance than those on market performance. Government funding indirectly promotes innovation performance through the mediation of internal R&D and science-based cooperation. The threshold effect of cooperative R&D indicates that only when the cooperative R&D intensity exceeds the threshold can government funding foster innovation performance more effectively. The conclusions can provide theoretical guidance for the formulation of innovation policy.

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Effects of High-tech Corporate Characteristics on Social Capital and Role of Human Resource Management

Acta Oeconomica ◽

10.1556/032.65.2015.s2.16 ◽

2015 ◽

Vol 65 (s2) ◽

pp. 209-222

Author(s):

Jie yi Li ◽

Yu Chieh Lin ◽

Chich-Jen Shieh

Keyword(s):

Social Capital ◽

Resource Management ◽

Human Resource Management ◽

Human Resource ◽

Industrial Development ◽

High Tech ◽

Competitive Advantages ◽

Development Zone ◽

Positive Effects

Human resource is the major source of competitive advantages for an enterprise. Discussions aiming at the role of human resource in educational communities are progressing in past years. From the mobility of human resource in an organization, retaining human assets or reducing the mobility to the lowest are considered as the professional commitment of human resource and the direction for efforts. A new viewpoint about the role of human resource reveals that the role of human resource is to change social capital into the driving force of competitive advantages of an organization. It might affect the presentation of different roles of human resource in various corporate characteristics. For this reason, the effects of high-tech corporate characteristics on social capital and role of human resource management are discussed in this study. Aiming at Kunshan High-tech Industrial Development Zone, the management and the employees in the manufacturers are distributed 1000 copies of questionnaires, and 683 valid copies are retrieved, with the retrieval rate 68%. The research results show 1. significantly positive effects of social capital on the role of human resource, 2. remarkably positive effects of corporate characteristics on social capital, and 3. notably positive effects of corporate characteristics on the role of human resource. It is expected to verify richer and more diverse effects for the reference of successive research and practice communities.

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Justification of regional development of industrial enterprises in the plane of their financial support: experience of Ukraine

Technology audit and production reserves ◽

10.15587/2706-5448.2021.229787 ◽

2021 ◽

Vol 2 (4(58)) ◽

pp. 33-37

Author(s):

Tetiana Dedilova ◽

Iaroslava Levchenko ◽

Oleksandr Nosyriev ◽

Svitlana Osypova

Keyword(s):

Regional Development ◽

Financial Support ◽

Industrial Development ◽

General Structure ◽

High Tech ◽

Industrial Facilities ◽

Industrial Enterprises ◽

Industrial Complexes ◽

Technological Base ◽

High Level

The object of research is the regional industry of Ukraine. In the sectoral context, the general structure of the regional industry is significantly deformed, and the strategic and sectoral guidelines of economic policy are blurred, which makes it difficult to restore the economic growth of the country as a whole. The industrial potential is concentrated mainly in traditional industrial regions. The development of industry is hampered by the worn-out state of the technical and technological base of production, a high level of staff turnover, an insignificant percentage of the production of high-tech products, a lack of institutions for innovative development, and similar factors. The complexity of the procedures for financing the processes of industrial development is mediated by the innovative activity of its subjects. The processing industry is the central center of innovation in the industry. Among the sources of financing for innovations, enterprises’ own funds prevail. It is substantiated that the main directions of regional development of industrial enterprises in terms of financial support for their functioning are support and encouragement of innovation, measures to increase the competitiveness of industrial products, internationalization and support for exports. It is proved that the regions of the country unevenly use the mechanisms of investment support for industry, depending on the characteristics of the development of the regional economy. This necessitates the creation of investment mechanisms aimed at ensuring the management of the competitiveness of regional industrial complexes on the basis of the development and implementation of innovations. A multichannel investment mechanism has been proposed to ensure a full-fledged infusion of financial resources from several sources as an effective tool for financial influence on the development of industrial enterprises. It is noted that among the directions of development of industrial management should remain both traditional measures to support domestic producers (state regional purchases) and alternative (financial leasing, initial placement of securities, joint investment). For a separate direction of industrial development, it is recommended that state support of cluster interregional initiatives based on the use of leading European experience. The highlighted areas are relevant for potential foreign partners who intend to carry out joint business with Ukrainian industrial enterprises. Also, the indicated research results are significant in the process of attracting investments at the regional level and have practical value for foreign investors when they consider a portfolio of alternatives to foreign direct investment in Ukrainian industrial facilities.

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The Effect of Formal and Informal External Collaboration on Innovation Performance of SMEs: Evidence from China

Sustainability ◽

10.3390/su12229636 ◽

2020 ◽

Vol 12 (22) ◽

pp. 9636

Author(s):

Chang Lu ◽

Bo Yu

Keyword(s):

Entrepreneurial Orientation ◽

Innovation Performance ◽

Organizational Legitimacy ◽

High Tech ◽

Moderating Effects ◽

Positive Effects ◽

External Collaboration ◽

The Relationship ◽

Moderating Role

External collaboration is an effective way for small and medium-sized enterprises (SMEs) to improve innovation performance and obtain sustainable competitiveness. This study focuses on the influence of external collaboration on innovation performance of SMEs. Specifically, this study classifies external collaboration into formal and informal external collaboration, and explores their different impacts on innovation performance of SMEs, respectively. Moreover, this study examines the moderating effects of managers’ entrepreneurial orientation and organizational legitimacy on the relationships between formal and informal collaboration and innovation performance of SMEs. Survey data from 213 high-tech manufacturing SMEs in China reveals that: (1) Both formal and informal external collaboration have positive effects on innovation performance of SMEs, and informal external collaboration offers greater benefits than formal external collaboration; (2) managers’ entrepreneurial orientation positively moderates the relationship between informal external collaboration and SMEs’ innovation performance; (3) organizational legitimacy positively moderates the relationships between formal and informal external collaboration and SMEs’ innovation performance. This study enriches the research on the relationship between external collaboration and innovation performance of SMEs, and advances the understanding of the contextual factors between formal and informal external collaboration-SMEs’ innovation performance relationships through elucidating the moderating role of managers’ entrepreneurial orientation and organizational legitimacy.

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Colonialism and the Highland Clearances

Northern Scotland ◽

10.3366/nor.2017.0125 ◽

2017 ◽

Vol 8 (1) ◽

pp. 22-48 ◽

Cited By ~ 4

Author(s):

Iain Mackinnon

Keyword(s):

Industrial Development ◽

Comparative Approach ◽

Indigenous Research ◽

Internal Colonialism ◽

New Approach ◽

A Site ◽

Relationship Of ◽

The Relationship ◽

Imperial State ◽

Late Modern

This article employs a new approach to studying internal colonialism in northern Scotland during the 18th and 19th centuries. A common approach to examining internal colonial situations within modern state territories is to compare characteristics of the internal colonial situation with attested attributes of external colonial relations. Although this article does not reject the comparative approach, it seeks to avoid criticisms that this approach can be misleading by demonstrating that promoters and managers of projects involving land use change, territorial dispossession and industrial development in the late modern Gàidhealtachd consistently conceived of their work as projects of colonization. It further argues that the new social, cultural and political structures these projects imposed on the area's indigenous population correspond to those found in other colonial situations, and that racist and racialist attitudes towards Gaels of the time are typical of those in colonial situations during the period. The article concludes that the late modern Gàidhealtachd has been a site of internal colonization where the relationship of domination between colonizer and colonized is complex, longstanding and occurring within the imperial state. In doing so it demonstrates that the history and present of the Gaels of Scotland belongs within the ambit of an emerging indigenous research paradigm.

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THE ACCESS TO GOVERNMENT FINANCIAL SUPPORT THROUGH LEGAL CHANNELS OF SMALL AND MEDIUM ENTERPRISES IN FOUR ASIA PACIFIC COUNTRIES

JURNAL HUKUM DAN PERADILAN ◽

10.25216/jhp.9.2.2020.298-313 ◽

2020 ◽

Vol 9 (2) ◽

pp. 298

Author(s):

Muhamad Marwan

Keyword(s):

Financial Support ◽

Small And Medium Enterprises ◽

Mediation Effect ◽

Asia Pacific ◽

Survey Questionnaire ◽

Access To Finance ◽

Medium Enterprises ◽

The Impact ◽

The Relationship

The aim of this study is to determine the impact of networking on SME’s ability to access government financial support through legal channels in Asia Pacific. This study is quantitative in nature in which the data has been gathered from 281 employees and managers working in SMEs through survey questionnaire. The SEM technique was utilised for the purpose of analysing and testing the mediation effect. The study found that there is a partial mediation of government financial support through legal channels among the relationship between networking with officers and access to finance. This study is restricted to the SMEs operating in the region of Asia Pacific.

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The Western Connection: Western Support for the East German Opposition

German Politics & Society ◽

10.3167/104503003782353367 ◽

2003 ◽

Vol 21 (4) ◽

pp. 74-92 ◽

Cited By ~ 1

Author(s):

Belinda Cooper

Keyword(s):

Financial Support ◽

East Germany ◽

Secret Police ◽

The West ◽

Media Attention ◽

East German ◽

Environmental Network ◽

The Relationship

Without help from the west, the small East German opposition,such as it was, never would have achieved as much as it did. Themoney, moral support, media attention, and protection provided bywestern supporters may have made as much of a difference to theopposition as West German financial support made to the East Germanstate. Yet this help was often resented and rarely acknowledgedby eastern activists. Between 1988 and 1990, I worked withArche, an environmental network created in 1988 by East Germandissidents. During that time, the assistance provided by West Germans,émigré East Germans, and foreigners met with a level of distrustthat cannot entirely be blamed on secret police intrigue.Outsiders who tried to help faced a barrage of allegations and criticismof their work and motives. Dissidents who elected to remain inEast Germany distrusted those who emigrated, and vice versa,reflecting an unfortunate tendency, even among dissidents, to internalizeelements of East German propaganda. Yet neither the helpand support the East German opposition received from outside northe mentalities that stood in its way have been much discussed. Thisessay offers a description and analysis of the relationship betweenthe opposition and its outside supporters, based largely on one person’sfirst-hand experience.

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Introduction

10.1093/oso/9780198804116.003.0007 ◽

2017 ◽

Author(s):

Aled Davies

Keyword(s):

Industrial Development ◽

The Political ◽

Social Democratic ◽

Financial Centre ◽

Conservative Government ◽

The Social ◽

Post War ◽

City Of London ◽

The Relationship ◽

The City

This book is a study of the political economy of Britain’s chief financial centre, the City of London, in the two decades prior to the election of Margaret Thatcher’s first Conservative government in 1979. The primary purpose of the book is to evaluate the relationship between the financial sector based in the City, and the economic strategy of social democracy in post-war Britain. In particular, it focuses on how the financial system related to the social democratic pursuit of national industrial development and modernization, and on how the norms of social democratic economic policy were challenged by a variety of fundamental changes to the City that took place during the period....

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Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies

Sustainability ◽

10.3390/su13116009 ◽

2021 ◽

Vol 13 (11) ◽

pp. 6009

Author(s):

Se-Kyoung Choi ◽

Sangyun Han ◽

Kyu-Tae Kwak

Keyword(s):

Firm Performance ◽

Financial Support ◽

Political Support ◽

Sustainable Growth ◽

Government Support ◽

Role Of Government ◽

Positive Effects ◽

Start Up ◽

Start Ups

What kind of capacity is needed to improve the performance of start-ups? How effective are government support policies in improving start-up performance? Start-ups are critical firm group for ensuring the prospective and sustainable growth of an economy, and thus many countries’ governments have established support policies and they are likely to engage more widely in forward-looking political support activities to ensure further growth and expansion. In this paper, the effect of innovation capabilities and government support policies on start-up performance is examined. We used an unbalanced panel data analysis with a random effect generalized least squares. We investigated the effect of government support policies on 4368 Korean start-ups. The findings indicated that technology and knowledge capabilities had positive effects on the sales performance of start-ups, and government financial support positively affected the relationship between knowledge capability and firm performance. However, when government financial support increased, marketing capability was negatively associated with firm performance. These results demonstrate the significant role of government financial support, including its crowding in but also its crowding out effect. Practical implications: To be more effective, governments should employ innovation-driven entrepreneurship policy approaches to support start-ups. To improve their performance, start-ups need to increase their technology and knowledge capabilities. This study extends recent efforts to understand more fully the effect of government support policies on start-ups differing in their technology, knowledge, and marketing capabilities.

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COVID-19 uncertainty and sleep: the roles of perceived stress and intolerance of uncertainty during the early stage of the COVID-19 outbreak

BMC Psychiatry ◽

10.1186/s12888-021-03310-2 ◽

2021 ◽

Vol 21 (1) ◽

Author(s):

Dan Wu ◽

Tingzhong Yang ◽

Daniel L. Hall ◽

Guihua Jiao ◽

Lixin Huang ◽

...

Keyword(s):

Path Analysis ◽

Perceived Stress ◽

Mediation Analysis ◽

Early Stage ◽

Intolerance Of Uncertainty ◽

Policy Implications ◽

Self Report ◽

Poor Sleep ◽

The Relationship

Abstract Background The COVID-19 pandemic brings unprecedented uncertainty and stress. This study aimed to characterize general sleep status among Chinese residents during the early stage of the outbreak and to explore the network relationship among COVID-19 uncertainty, intolerance of uncertainty, perceived stress, and sleep status. Methods A cross-sectional correlational survey was conducted online. A total of 2534 Chinese residents were surveyed from 30 provinces, municipalities, autonomous regions of China and regions abroad during the period from February 7 to 14, 2020, the third week of lockdown. Final valid data from 2215 participants were analyzed. Self-report measures assessed uncertainty about COVID-19, intolerance of uncertainty, perceived stress, and general sleep status. Serial mediation analysis using the bootstrapping method and path analysis were applied to test the mediation role of intolerance of uncertainty and perceived stress in the relationship between uncertainty about COVID-19 and sleep status. Results The total score of sleep status was 4.82 (SD = 2.72). Age, place of residence, ethnicity, marital status, infection, and quarantine status were all significantly associated with general sleep status. Approximately half of participants (47.1%) reported going to bed after 12:00 am, 23.0% took 30 min or longer to fall asleep, and 30.3% slept a total of 7 h or less. Higher uncertainty about COVID-19 was significantly positively correlated with higher intolerance of uncertainty (r = 0.506, p < 0.001). The mediation analysis found a mediating role of perceived stress in the relationship between COVID-19 uncertainty and general sleep status (β = 0.015, 95%C.I. = 0.009–0.021). However, IU was not a significant mediator of the relationship between COVID-19 uncertainty and sleep (β = 0.009, 95%C.I. = − 0.002–0.020). Moreover, results from the path analysis further showed uncertainty about COVID-19 had a weak direct effect on poor sleep (β = 0.043, p < 0.05); however, there was a robust indirect effect on poor sleep through intolerance of uncertainty and perceived stress. Conclusions These findings suggest that intolerance of uncertainty and perceived stress are critical factors in the relationship between COVID-19 uncertainty and sleep outcomes. Results are discussed in the context of the COVID-19 pandemic, and practical policy implications are also provided.

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