The determinants of growth in small and medium enterprises: an empirical study in the logistics industry in Hong Kong
Small and Medium Enterprise (SMEs) have contributed significantly to the economic growth of Hong Kong and it is worth investigating how they prosper. This study was based on an examination of a sample of SMEs in the logistics industry operating during the economic crisis in Hong Kong. The factors influencing the growth of small firms are many, complex and erratic. The primary objective of this study was to test the determinants of SME growth. The research question addressed was how and to what extent the characteristics of the owner-manger, the nature of the firm, and company strategy, together with the economic and government factors, impact upon the growth of small business. This study was conducted in 2004, based on a survey of 102 SMEs within the logistics industry in Hong Kong SAR. By studying the factors contributing to the growth of SMEs, this research investigated and analyzed the characteristics of SMEs which were at least three years old during of the period 1998 - 2003. The appropriateness and the support of the determinants that affect SME growth were empirically analysed. The research design was quantitative in nature, testing various hypotheses and theories about the associations between perceived constructs. Outcomes were then compared with factual indicator data, subjected to multiple regression analysis and co-efficiency analysis. The results of the regression analysis showed no tremendous incongruity compared to research conducted in previous studies, although there were some factors associated significantly and some factors associated positively but insignificantly with firm growth. Even though some findings appeared to be inconsistent with previous studies, the preoccupation of researchers and policy-makers worldwide with matters relating to SME growth was recognized.
Year of publication: |
2006
|
---|---|
Authors: | Cheng, Raymond Wai Man |
Publisher: |
Curtin University of Technology, Graduate School of Business. |
Subject: | small and medium enterprise (SMEs) | logistics industry | Hong Kong | economic growth |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
ASEAN economic community impact on SMSs : a regional case study
Kustina, Lisa, (2017)
-
Legg, Stephen, (2014)
-
The role of small and medium enterprises (SMEs) to employment in Ghana
Amoah, Seth Kwaku, (2018)
- More ...