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The Effects of Entrepreneurial Self-Efficacy on Perceived Firm-Efficacy, Policy Satisfaction, and Managerial Performance in SMEs and Startups : Focusing on Government Support Policies for SMEs and Startups

원문정보

Jong-Han Lee, Myung-Soo Kang, Jeong-Hoon Lee

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초록

영어

The government’s various support policies have helped Korea’s SMEs and startups to grow from the beginning to the end, from domestic companies to exporters. In particular, direct business support policies such as financial support, R&D projects, and export support have been effective in helping a large number of entrepreneurs and startup companies to establish themselves in the market and have achieved tangible results every year since the establishment of the Ministry of SMEs and Startups. As such, the government is making significant efforts to create and promote various types of support policies and to help companies utilize them in their business. However, this study aims to analyze the factors that affect the satisfaction of government policies and the achievement of managerial performance from the companies’ perspective and to suggest the purpose of government support policies and the direction companies should take. Specifically, this study categorizes entrepreneurial self-efficacy into marketing, innovation, management, risk-taking, and financial management, using the relationship model of self-efficacy and collective efficacy to ultimately lead to practical results for SMEs and startups support policies. It uses perceived firm efficacy as a variable to reveal the influence relationship. In addition, the direct and mediating effects of entrepreneurial self-efficacy and policy satisfaction on managerial performance were analyzed to determine what SMEs and startups support policies should do. The results showed that, first, among the five components of entrepreneurial self-efficacy, innovation, and risk-taking efficacy positively affected perceived firm efficacy. Second, the specific components of entrepreneurial self-efficacy, marketing, and financial management efficacy positively influenced policy satisfaction. Third, we found that perceived firm efficacy positively influenced policy satisfaction and managerial performance, which are factors of SMEs and startups’ policy performance. Specifically, perceived firm efficacy positively influenced policy satisfaction managerial performance. Fourth, we found that policy satisfaction positively influenced managerial performance.

목차

Abstract
1. Introduction
2. Theoretical Background
2.1 Entrepreneurial Self-efficacy
2.2 Components of Entrepreneurial Self-Efficacy
2.3 Entrepreneurs’ Perceived Firm Efficacy and Managerial Performance
2.4 Policy Satisfaction
2.5 Managerial Performance
3. Research Model and Hypothesis Setting
3.1 Hypothesis on the Relationship between Entrepreneurial Self-efficacy and Entrepreneurs’ Perceived Firm Efficacy
3.2 Hypotheses on the Relationship between Entrepreneurs’ Self-efficacy and Policy Satisfaction
3.3 Hypotheses on Perceived Firm Efficacy, Policy Satisfaction, and Managerial Performance
3.4 Hypotheses on Policy Satisfaction and Managerial Performance
4. Research Method and Hypothesis Testing
4.1 Data Collection and Sample Characteristics
4.2 Measurement and Evaluation of Variables
4.3 Hypothesis Testing
5. Conclusion
5.1 Summary of Findings and Implications
5.2 Research Limitations and Future Research Directions
References

저자정보

  • Jong-Han Lee Ph.D. Candidate, Graduate School of Commerce, Hansung University
  • Myung-Soo Kang Professor, Global Business Track, College of Future Convergence and Social Sciences, Hansung University
  • Jeong-Hoon Lee Associate Professor, Global Business Track, College of Future Convergence and Social Sciences, Hansung University

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