In the past decade, market globalization has not only been a threat for small and medium-sized enterprises (SMEs), but also an opportunity to expand their activities in many countries (Murphy and al., 1991). In fact, some of SMEs are worldwide leaders in their sectors (Simon, 1990; Entreprise,...

Las pequeñas y medianas empresas –en adelante las pyme– son actores fundamentales de la economía colombiana, tal como ocurre en otros países. El acelerado ritmo de la globalización impone retos para estas compañías a partir de las nuevas oportunidades y amenazas que se gestan en el...

Este artículo es el resultado de la investigación realizada en Boyacá por la UniversidadPedagógica y Tecnológica de Colombia, dentro del proyecto Datos, indicadores,información y conocimiento de la innovación en Colombia, realizado también en susrespectivas regiones por las universidades...

Previous research on relationship lending has paid very little attention to the role of trust. Trust might be ex-pected to reduce agency costs, perceived credit risk and thus the request for personal collateral. Trustworthiness is associated with three attributes of SME owner/managers’:...

The article analyzes the factors determining the capital structure of the Spanish small and medium enterprises [SMEs]. The analysis is grounded on the agency theory, the signalling approach and the pecking order theory. In particular, the article provides a qualitative and quantitative analysis...

Article is devoted to the continuation of the study hypotheses on the relationship between marketing and life cycle of a small business. Some results of studies of small innovative companies in the Russian Federation: Moscow and St. Petersburg, Moscow, Novgorod, Novosibirsk, Sverdlovsk, Tomsk,...

Article is devoted to marketing innovation in small business. The article notes the lack of marketing in small business. Indicates the focus on turning a small business into a major consumer of innovations. The necessity of state support for the creation of marketing.

This paper sets out to locate Mauritian SMEs in the present context of global competition and more particularly to identify the extent to which they have adopted ICTs as a tool to meet the challenges which they now face. The essence of the argument that comes to the fore is that despite having...

• Purpose: To identify facilitating and redundant components of core competence development during the growth phases in entrepreneur-driven SMEs. • Methodology: Conducts a longitudinal empirical study based on large number of interviews. • Findings: Describes how individual competences...