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TRANSACTION COSTS AND EXPORT CHANNELS OF SMALL AND MEDIUM‐SIZED ENTERPRISES: THE CASE OF KOREA
Author(s) -
KIM LINSU,
NUGENT JEFFREY B.,
YHEE SEUNGJAE
Publication year - 1997
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1997.tb00458.x
Subject(s) - business , transaction cost , industrial organization , sample (material) , database transaction , survey data collection , export marketing , commerce , finance , chemistry , statistics , mathematics , chromatography , computer science , programming language
This paper develops hypotheses concerning firm‐ and industry‐specific factors determining the relative importance to manufacturing exporters of different export channels in relatively high transaction cost Korean small and medium‐sized enterprises (SMEs). Data from a Korean SME survey demonstrate the validity of several hypotheses and reveal that most sample SMEs rate the external support for international marketing rather low. The paper offers recommendations for reforming such support.