Enterprise policies and R&D support for high-tech SMEs - a multi-perspective approach
Journal article
Authors | Park, C. and McQuaid, R. |
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Abstract | This article examines the role of enterprise policy and R&D subsidy schemes in supporting high-tech Small- and Medium-sized Enterprises, by examining a case study of South Korea. A qualitative approach is used to analyse the perspectives of three stakeholder groups, entrepreneurs, national policymakers and policy-practitioners (including street-level bureaucrats working in bodies directly supporting the SMEs), based on semi-structured interviews with thirty-five participants. The findings suggest, first, that there was a mismatch in the conceptualizations of entrepreneurship, with policymakers and policy-practitioners focusing on entrepreneurship as the event of starting-up a business. Second, while all groups feel the policy was beneficial, policymakers and policy-practitioners argue it was necessary to have a strict implementation process so-as-to deliver the subsidy fairly across many SMEs. In contrast, entrepreneurs considered such stringent and complicated policy implementation, and policy discontinuities, as impeding the R&D performance of SMEs. Third, although perspectives varied, all believed that flexibility in the policy implementation process is required to improve policy efficacy. The study highlights the critical role of ‘bottom-up’ policy approaches to improve policy efficacy; especially policy-practitioners’ interactions and networking with entrepreneurs in the policy development and implementation processes. This study contributes to understanding the roles and perspectives of stakeholder groups in developing and implementing enterprise policies. |
Keywords | enterprise policy; R&D support; high-tech SMEs; start-ups; owner-managers; entrepreneurs |
Year | 2023 |
Journal | Policy Studies |
Journal citation | pp. 1-22 |
Publisher | Taylor & Francis |
ISSN | 1470-1006 |
Digital Object Identifier (DOI) | https://doi.org/10.1080/01442872.2023.2268530 |
Web address (URL) | https://www.tandfonline.com/doi/full/10.1080/01442872.2023.2268530 |
Accepted author manuscript | License File Access Level Open |
Output status | Published |
Publication dates | |
Online | 16 Oct 2023 |
Publication process dates | |
Accepted | 03 Oct 2023 |
Deposited | 23 Oct 2023 |
https://repository.derby.ac.uk/item/q203y/enterprise-policies-and-r-d-support-for-high-tech-smes-a-multi-perspective-approach
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Accepted author manuscript
Manuscript_with author details figures and tables_Policy Studies.docx | ||
License: CC BY-NC 4.0 | ||
File access level: Open |
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