A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from its current low level. The returns from Korea’s large...

The Korean government has made fostering a “creative economy” a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital market is still at an early stage of...

Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies. The large-scale support for SMEs should shift from...

When credit application experiences are examined, minority-owned small firms are not the discouraged borrowers that credit outcome studies generally suggest. This paper examines repeated application for credit by small firms. Univariate statistical analysis reveals that persistence is necessary...

Venture capital is an important source of finance for small businesses although it is least understood. The Venture Capital financing market in Afghanistan is inactive and mainly targets large companies instead of small to medium enterprises. The study sought to evaluate the role of venture...

The research on entrepreneurial orientation (EO) is undecided as to whether a specific EO improves firm performance. We considered EO in a different light by examining the role of emergent strategy. By considering entrepreneurial orientation as it is effected by emergent strategy, we found a...

The article analyzes under a case study methodology the first economic impact results of the Small Business Development Center program in Arica, a program financed by the Technical Cooperation Service (SERCOTEC). The preliminary conclusion of the article suggests that the first economic impact...

Young firm diversification is examined investigating whether diversifying firms have higher survival chances. We use extensive longitudinal data containing information on firms’ characteristics and environmental conditions, and their evolution over time. Firms that are born diversified are...

Basing on the results of a face-to-face survey and secondary data from General Statistics Office of Vietnam, we found that the administration reform of Vietnam has had a positive impact on entrepreneurial orientation (EO) on all of its three dimensions, namely managerial perception, firm...