A Meta-Analysis Comparing Factors Affecting the Growth of SMEs: The Case of Germany and South Korea

摘要

This study analyzed the effect size of predictors that affects the growth of SMEs in Germany and Korea using meta-analysis. A total of 34,154 studies from six databases in English and Korean were collected, and finally 38 studies were selected by sorting related empirical studies. A total of 288 effect sizes was used by classifying the predictors from these studies. As a result, the effect size and ranking of factor of predictorsthat lead SME growth in Germany and Korea were different. However, the key factorsin both countries for firm growth was entrepreneurship and innovation. In Germany, investment in human capital and physical capital for R&D was the important factor that led a firm to grow with global competitiveness.In Korea, various characteristics of innovation were found to be simultaneously necessary factors for actual results of innovation success.