[Abstract]
This study analyzed the policy effectiveness by classifying the government's SME(small to medium‐sized enterprise) policy analysis research literature listed in the Korean Citation Index from 2002 to 2021 by policy target, policy tool, and policy performance. If most of the existing SME policy studies were analyzes focusing on specific policies, regions, or industries, this study divides 317 papers into 6 policy performances(management performance, economic performance, technological performance, employment performance, and establishment induction performance, policy satisfaction) and evaluates them. Therefore, it is meaningful in that it examined the effect of SME policies from an integrated point of view.
As a result of an overview of the research literature, first, in studies targeting small and medium-sized enterprises, the proportion of positive research is high, but policies for detailed targets such as small businesses are evaluated as having low effectiveness. In the case of policies confined to industries rather than regions, the proportion of studies with positive evaluations was higher. Second, the research literature was analyzed based on policy tools. In the case of support limited participation, informatization, surety, and package policies, the proportion of positive evaluation was high, but the government-led management support policy has mixed positive and negative evaluations because it does not meet the needs of companies. Finally, SME policy performance accounted for the highest proportion in economic performance.
In conclusion, policies aimed at clear targets, such as small business policies and management support, but which are ineffective or do not fit the needs of companies, should be reformed to suit the market environment. In addition, policies that are sure to be effective, such as industry-tailored policies, surety, certification, and informatization, must be actively supported. In addition, since SME policies have a very high effect on the overall macro economy, SME policies should move forward to have a positive impact on the overall industrial ecosystem through technological innovation, not just beneficiaries.