대․중소기업 관계와 중소기업의 투자: 홀드업과 동반성장지수를 통한 금융부문의 잠재적 역할
- Title
- 대․중소기업 관계와 중소기업의 투자: 홀드업과 동반성장지수를 통한 금융부문의 잠재적 역할
- Other Titles
- SME-Large Firm Relationships and SMEs’ Investment: Hold-up and the Potential Role of Financial Sector through the Win-win Growth Index
- Author
- 하준경
- Keywords
- SME-Large Firm Relationship; Hold-Up; Schumpeterian Model; Win-Win Growth Index; 대중소기업 관계; 홀드업; 슘페터리안 모형; 동반성장지수
- Issue Date
- 2015-00
- Publisher
- 한국중소기업학회
- Citation
- 기업가정신과 벤처연구, v. 18, NO. 3, Page. 51-66
- Abstract
- This paper analyzes the effect of SME-large firm relationships on SMEs’ investment in a Schumpeterian framework, and discusses the potential role of financial sector in tackling the problem given relevant information such as the Win-win growth index of Korea. Due to the hold-up issues caused by relationship-specific investment of SMEs, large firms have a strong incentive to behave opportunistically by slashing the ex post price of SME’s intermediate product. This tendency has become stronger as the time span of SME-large firm relationship has gotten shorter and shorter due to rapid changes in technologies and globalization. In analyses using a Schumpeterian growth model and related simulations, this hold-up problem significantly reduces SMEs’ incentive to undertake both equipment investment and R&D, which, in turn, reduces the revenue basis of the financial sector. Therefore, financial sector potentially has a strong incentive to solve this problem as long as they have access to relevant information such as the fairness in price settings and contracts which are intended to be provided by Korea’s Win-win growth index.
- URI
- https://www.kci.go.kr/kciportal/ci/sereArticleSearch/ciSereArtiView.kci?sereArticleSearchBean.artiId=ART002031138https://repository.hanyang.ac.kr/handle/20.500.11754/182486
- ISSN
- 1738-2599
- Appears in Collections:
- COLLEGE OF BUSINESS AND ECONOMICS[E](경상대학) > ECONOMICS(경제학부) > Articles
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