Characteristics of Colombian SMEs and their founders: an analysis in two regions of that country
DOI:
https://doi.org/10.18046/j.estger.2019.150.2968Keywords:
SMEs, Characteristics of SMEs, Entrepreneurs of SMEsAbstract
This research aims to make a description of Colombian small and medium enterprises —SMEs— and their founders. We performed a descriptive research with 384 firms located in the regions of Cundinamarca and Valle del Cauca. The results indicate that most firms are over 48 months old, their average annual sales are up to 1,6 million dollars, and the size of their personnel is up to five times the original size. Their founders, in general, are older than 36 years old, have a solid academic background, and they consider themselves as good leaders.
Downloads
References
Abouzeedan, A., Klofsten, M. y Hedner, T. (2013). Internetization management as a facilitator for managing innovation in High-Technology smaller firms. Global Business Review, 14(1), 121-136. https://doi.org/10.1177/0972150912466462
Adomako, S., Danso, A., Uddin, M. y Damoah, J. (2016). Entrepreneurs’ optimism, cognitive style and persistence. International Journal of Entrepreneurial Behavior & Research, 22(1), 84-108. https://doi.org/10.1108/IJEBR-07-2015-0158
Álvarez, C. y Urbano, D. (2011). Environmental factors and entrepreneurial activity in Latin America. Academia Revista Latinoamericana de Administración, 48(1), 126-139.
Álvarez, C., Urbano, D., Coduras, A. y Ruiz-Navarro, J. (2011). Environmental conditions and entrepreneurial activity: a regional comparison in Spain. Journal of Small Business and Enterprise Development, 18(1), 120-140. https://doi.org/10.1108/14626001111106460
Amer, M., Daim, T.U. y Jetter, A. (2013). A review of scenario planning. Futures, 46, 23-40. http://dx.doi.org/10.1016/j.futures.2012.10.003
Amit, R. y Schoemaker, P.JH. (1993). Strategic assets and organizational rents. Strategic Management Journal, 14(1), 33-46.
Ardic, O.P., Mylenko, N. y Saltane, V. (2011). Small and medium enterprises: a cross-country analysis with a new data set. The World Bank Policy Research, Working Paper 5538, 1(1), 1-30. https://doi.org/10.1111/j.1468-0106.2012.00596.x
Ates, A., Garango, P., Cocca, P. y Bititci, U. (2013). The development of SME managerial practice for effective performance management. Journal of Small Business and Enterprise Development, 20(1), 28-54. https://doi.org/10.1108/14626001311298402
Banco Mundial. (2015a). Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises. Recuperado el 20 de mayo de 2018 de: Recuperado el 20 de mayo de 2018 de: http://www.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/Annual-Reports/English/DB14-Full-Report.pdf
Banco Mundial. (2015b). Small and Medium Enterprises (SMEs) Finance: The World Bank Key Messages Bulletin. Recuperado el 15 de mayo de 2018 de: Recuperado el 15 de mayo de 2018 de: http://www.worldbank.org/en/topic/smefinance
Banco Mundial. (2018). Enterprise Surveys 2017. Recuperado el 15 de noviembre de 2018 de: Recuperado el 15 de noviembre de 2018 de: http://www.enterprisesurveys.org/data/exploreeconomies/2017/colombia
Baporikar, N., Nambira, G. y Gomxos, G. (2016). Exploring factors hindering SMEs’ growth: evidence from Nambia. Journal of Science and Technology Policy Management, 7(2), 190-211. https://doi.org/10.1108/JSTPM-11-2015-0036
Barbero, J., Casillas, J. y Feldman, H. (2011). Managerial capabilities and paths to growth as determinants of high-growth small and medium-sized enterprises. International Small Business Journal, 29(6), 671-694. https://doi.org/10.1177/0266242610378287
Benzing, C., Chu, H. y Orhan, K. (2009). Entrepreneurs in Turkey: a factor analysis of motivations, success factors, and problems. Journal of Small Business Management, 47(1), 58-91. https://doi.org/10.1111/j.1540-627X.2008.00262.x
Blyde, J. (2014). Fábricas Sincronizadas: América Latina y el Caribe en la Era de las Cadenas Globales de Valor. Washington, DC: Banco Interamericano de Desarrollo. Recuperado el 15 de junio de 2018 de: Recuperado el 15 de junio de 2018 de: https://publications.iadb.org/bitstream/handle/11319/6668/FLagship-2014-ESPANOL.pdf?sequence=2
Bouri, A., Breij, M., Diop, M., Kempner, R., Klinger, B. y Stevenson, K. (2011). Report on support to SMEs in Developing Countries through Financial Intermediaries. Recuperado el 10 de abril de 2018 de: Recuperado el 10 de abril de 2018 de: http://www.eib.org/attachments/dalberg_sme-briefing-paper.pdf
Burgstaller, J. y Wagner, E. (2015). How do family ownership and founder management affect capital structure decisions and adjustment of SMEs? Evidence from a bank-based economy. The Journal of Risk Finance, 16(1), 73-101. https://doi.org/10.1108/JRF-06-2014-0091
Calderón, G., Álvarez, C. y Naranjo, J. (2009). Orientación estratégica y recursos competitivos: Un estudio en grandes empresas industriales en Colombia. Cuadernos de Administración, 22(38), 49-72.
Candiya, G., Mpeera, J., Munene, J. y Akol, Ch. (2017). The relationship between access to finance and growth of SMEs in developing economies: Financial literacy as a moderator. Review of International Business and Strategy, 27(4), 520-538. https://doi.org/10.1108/RIBS-04-2017-0037
Casaburi, G., Suaznábar, C. y Llisterri, J. (2016). Extensión tecnológica para PyME. En: J. Navarro y Y. Olivari, (Eds), La política de innovación en América Latina y el Caribe. Nuevos caminos (pp. 101-132). Washington D.C: Banco Interamericano de Desarrollo.
Chatzoglou, P., Chatzoudes, D., Sarigiannidis, L. y Theriou, G. (2018). The role of firm-specific factors in the strategy-performance relationship: Revisiting the resource-based view of the firm and the VRIO framework. Management Research Review, 41(1), 46-73. https://doi.org/10.1108/MRR-10-2016-0243
Correa, F., Dini, M. y Stumpo, G. (2018). El rol de las mipymes y las políticas de fomento: algunas conclusiones. En: M. Dini y G. Stumpo. (Coords.), MIPYMES en América Latina Un frágil desempeño y nuevos desafíos para las políticas de fomento (pp. 547-557). Santiago: Comisión Económica para América Latina y el Caribe (CEPAL).
Correa, F., Leiva, V. y Stumpo, G. (2018). Mipymes y heterogeneidad estructural en América Latina. En: M. Dini y G. Stumpo. (Coords.), MIPYMES en América Latina Un frágil desempeño y nuevos desafíos para las políticas de fomento (pp. 9-34). Santiago: Comisión Económica para América Latina y el Caribe (CEPAL) .
Crespi, G., Tacsir, E. y Vargas, F. (2016). Innovation Dynamics and Productivity: Evidence for Latin America. En: M. Grazzi y C. Pietrobelli. (Eds.), Firm innovation and productivity in Latin America and the Caribbean. The Engine of Economic Development (pp. 37-71). New York: Springer Nature. https://doi.org/10.1057/978-1-349-58151-1
Departamento Administrativo Nacional de Estadística- DANE. (2016). Encuesta Anual Manufacturera- EAM. 2015. Recuperado el 22 de noviembre de 2018 de: Recuperado el 22 de noviembre de 2018 de: https://www.dane.gov.co/index.php/estadisticas-por-tema/industria/encuesta-anual-manufacturera-enam/eam-historicos
Departamento Administrativo Nacional de Estadística- DANE. (2017). Encuesta de Desarrollo e Innovación Tecnológica Industria manufacturera- EDIT VIII 2015-2016. Recuperado el 15 de noviembre de 2018 de: Recuperado el 15 de noviembre de 2018 de: https://www.dane.gov.co/files/investigaciones/boletines/edit/boletin_EDIT_manufacturera_2015_2016.pdf
Departamento Nacional de Planeación de Colombia- DNP. (2016). CONPES 3866- Política nacional de desarrollo productivo. Recuperado el 20 de noviembre 2018 de: Recuperado el 20 de noviembre 2018 de: https://colaboracion.dnp.gov.co/CDT/Conpes/Econ%C3%B3micos/3866.pdf
Dierickx, I. y Cool, K. (1989). Asset stock accumulation and sustainability of competitive advantage. Management Science, 35(12), 1504-1511. https://doi.org/10.1287/mnsc.35.12.1504
Dini, M. y Stumpo, G. (2018). MIPYMES en América Latina Un frágil desempeño y nuevos desafíos para las políticas de fomento. Santiago: Comisión Económica para América Latina y el Caribe (CEPAL) .
Drexler, A., Fischer, G. y Schoar, A. (2014). Keeping it simple: financial literacy and rules of thumb. American Economic Journal: Applied Economic, 6(2), 1-31. http://dx.doi.org/10.1257/app.6.2.1
Escandón-Barbosa, D., Arias, A., Medina, L., Gómez, L., Varela, R., Martínez, P. y Parra, L. (2016). Reporte GEM Colombia 2015/2016. Cali: Ediciones Sello Javeriano.
Franco, M., Santos, M., Ramalho, I. y Nunes, C. (2014). An exploratory study of entrepreneurial marketing in SMEs: The role of the founder-entrepreneur. Journal of Small Business and Enterprise Development, 21(2), 265-283. https://doi.org/10.1108/JSBED-10-2012-0112
Franco-Ángel, M. y Urbano, D. (2010). El éxito de las PYMES en Colombia: un estudio de casos en el sector salud. Estudios Gerenciales, 26(114), 77-97. https://doi.org/10.1016/S0123-5923(10)70103-0
Franco-Ángel, M. y Urbano, D. (2014). El dinamismo de las PYMES en Colombia: un estudio comparativo de empresas. Revista Venezolana de Gerencia, 66(1), 319-338.
Franco-Ángel, M. y Urbano, D. (2016). Factores determinantes del dinamismo de las pequeñas y medianas empresas en Colombia. Revista de Ciencias Sociales, 22(1), 110-125.
Frohmann, A., Mulder, N. y Olmos, X. (2018). Promoción de la innovación exportadora Instrumentos de apoyo a las pymes. Santiago: Comisión Económica para América Latina y el Caribe (CEPAL) .
Gómez, H. y Borda, S. (2018). Diagnóstico de las micro, pequeñas y medianas empresas: políticas e instituciones de fomento en Colombia. En M. Dini y G. Stumpo. (Coords.), MIPYMES en América Latina: Un frágil desempeño y nuevos desafíos para las políticas de fomento (pp. 227-288). Santiago: Comisión Económica para América Latina y el Caribe (CEPAL) .
Grant, RM. (1991). The resource-based theory of competitive advantage- Implications for strategy formulation. California Management Review, 33(3), 114-135. https://doi.org/10.2307/41166664
Haji, A. y Ghazali, N. (2018). The role of intangible assets and liabilities in firm performance: empirical evidence. Journal of Applied Accounting Research, 19(1), 42-59. https://doi.org/10.1108/JAAR-12-2015-0108
Hussain, J.G. y Matlay, H. (2007). Financing preferences of ethnic minority owner/managers in the UK. Journal of Business and Enterprise Development, 14(3), 487-500. https://doi.org/10.1108/14626000710773565
Jones, R. y Rowley, J. (2011). Entrepreneurial marketing in small businesses: A conceptual exploration. International Small Business Journal, 29(1) 25-36. https://doi.org/10.1177/0266242610369743
Kamasak, R. (2017). The contribution of tangible and intangible resources, and capabilities to a firm’s profitability and market performance. European Journal of Management and Business Economics, 26(2), 252-275. https://doi.org/10.1108/EJMBE-07-2017-015
Karlan, D. y Valdivia, M. (2011). Teaching entrepreneurship: impact of business training on microfinance institutions and clients. Review of Economics and Statistics, 93(2), 510-527. https://doi.org/10.1162/REST_a_00074
Kontinen, T. y Ojala, A. (2011). Network ties in the international opportunity recognition of family SMEs. International Business Review, 20(4), 440-453. https://doi.org/10.1016/j.ibusrev.2010.08.002
Kunc, M. y Morecroft, J. (2010). Managerial decision making and firm performance under a resource-based paradigm. Strategic Management Journal, 31(11), 1164-1182. https://doi.org/10.1002/smj.858
Lavia, O. y Hiebl, M. (2015). Management accounting in small and medium-sized enterprises: current knowledge and avenues for further research. Journal of Management Accounting Research, 27(1), 81-119. https://doi.org/10.2308/jmar-50915
Lindstrand, A., Melen, S. y Nordman, E. (2011). Turning social capital into business: a study of the internationalization of biotech SMEs. International Business Review, 20(2), 194-212. https://doi.org/10.1016/j.ibusrev.2011.01.002
Llisterri, J. y García-Alba, J. (2008). High-Growth SMEs in Latin American Emerging Economies. Recuperado el 20 de mayo de 2018 de: Recuperado el 20 de mayo de 2018 de: http://services.iadb.org/wmsfiles/products/Publications/35166777.pdf
Lussier, R. y Halabi, C. (2010). A three-country comparison of the business success versus failure prediction model. Journal of Small Business Management, 48(3), 360-377. https://doi.org/10.1111/j.1540-627X.2010.00298.x
Madrid-Guijarro, A., García-Pérez-de-Lema, D. y Van Auken, H. (2013). An Investigation of Spanish SME Innovation during Different Economic Conditions. Journal of Small Business Management, 51(4), pp. 578-601. https://doi.org/10.1111/jsbm.12004
Mendes, L. y Lourenço, L. (2014). Factors that hinder quality improvement programs’ implementation in SME: Definition of a taxonomy. Journal of Small Business and Enterprise Development, 21(4), 690-715. https://doi.org/10.1108/JSBED-03-2014-0054
Middleton, K. y Chambers, V. (2010). Approaching digital equity: is wifi the new leveler? Information Technology & People, 23(1), 4-22. https://doi.org/10.1108/09593841011022528
Ministerio de Comercio, Industria y Turismo (2018). Informe dinámicas de producción y comercio exterior de pymes manufactureras. Programa de Transformación Productiva. Recuperado el 1 de noviembre de 2018 de: Recuperado el 1 de noviembre de 2018 de: https://www.ptp.com.co/CMSPages/GetFile.aspx?guid=1a3f1658-4ab6-432c-b038-6a2c7d9ad5a8
Murillo, M. y Restrepo, L. (2016). Nacimiento y supervivencia de las empresas en Colombia. Bogotá: Confecámaras. Recuperado el 1 de diciembre de 2018 de: Recuperado el 1 de diciembre de 2018 de: http://www.confecamaras.org.co/phocadownload/Cuadernos_de_analisis_economico/Cuaderno_de_An%D0%B0lisis_Economico_N_11.pdf
Presbitero, A. y Rabellotti, R. (2016). Credit Access in Latin American Enterprises. En M. Grazzi y C. Pietrobelli. (Eds.), Firm innovation and productivity in Latin America and the Caribbean. The Engine of Economic Development (pp. 245-284). New York: Springer Nature . https://doi.org/10.1057/978-1-349-58151-1
Rasmussen, P. y Nielsen, P. (2011). Knowledge management in the firm: concepts and issues. International Journal of Manpower, 32(5/6), 479-493. https://doi.org/10.1108/01437721111158161
Schweizer, R. (2013). SMEs and networks: overcoming the liability of outsidership. Journal of International Entrepreneurship, 11(1), 80-103. https://doi.org/10.1007/s10843-012-0097-2
Segarra, A. y Callejón, M. (2000). New firm´s survival and market turbulence. New evidence from Spain. Review of Industrial Organization, 20(1) 1-14.
Sidik, I. (2012). Conceptual framework of factors affecting SME development: mediating factors on the relationship of entrepreneur traits and SME performance. Proceedings from ICSMED 2012: International Conference on Small and Medium Enterprises. Procedia Economics and Finance, 4, 373-383. https://doi.org/10.1016/S2212-5671(12)00351-6
Soini, E. y Veseli, L. (2011). Factors influencing SMEs growth in Kosovo (Tesis de Maestría). Recuperado el 10 de diciembre de 2018 de: Recuperado el 10 de diciembre de 2018 de: https://www.theseus.fi/bitstream/handle/10024/28428/Soini_Eveliina_Veseli_Labinot.pdf?sequ
Song, H. y Wang, L. (2013). The impact of private and family firms’ relational strength on financing performance in clusters. Asia Pacific Journal of Management, 30(3), 735-748. https://doi.org/10.1007/s10490-012-9316-6
Spithoven, A., Vanhaverbeke, W. y Roijakkers, N. (2013). Open innovation practices in SMEs and large enterprises. Small Business Economics, 41(3), 537-562. https://doi.org/10.1007/s11187-012-9453-9
Swoboda, B., Meierer, M., Foscht, T. y Morschett, D. (2011). International SME alliances: the impact of alliance building and configurational fit on success. Long Range Planning, 44(4), 271-288. https://doi.org/10.1016/j.lrp.2011.04.002
Tarapuez, E., Guzmán, B. y Parra, R. (2016). Estrategia e innovación en las mipymes colombianas ganadoras del Premio Innova 2010-2013. Estudios Gerenciales, 32(138), 170-180. http://dx.doi.org/10.1016/j.estger.2016.01.002
Temtime, Z. y Pansiri, J. (2005). Managerial competency and organizational flexibility in small and medium enterprises in Botswana. Problems and Perspectives in Management, 1, 25-36.
Tey, L. y Idris, A. (2012). Cultural fit, knowledge transfer and innovation performance: a study of Malaysian offshore international joint ventures. Asian Journal of Technology, 20(2), 201-218. https://doi.org/10.1080/19761597.2012.727698
Varum, C. y Rocha, V. (2013). Employment and SMEs during crises. Small Business Economics, 40(1), 9-25. https://doi.org/10.1007/s11187-011-9343-6
Welter, F. y Smallbone, D. (2011). Institutional perspectives on entrepreneurial behaviour in challenging environments. Journal of Small Business Management, 49(1), 107-125. https://doi.org/10.1111/j.1540-627X.2010.00317.x
Yan, S. (2010). Competitive strategy and business environment: the case of small enterprises in China. Asian Social Science, 6(11), 64-71. https://doi.org/10.5539/ass.v6n11p64
Downloads
Published
Issue
Section
License
Articles are the sole responsibility of their authors, and will not compromise Icesi’s University principles or policies nor those of the Editorial Board of the journal Estudios Gerenciales. Authors authorize and accept the transfer of all rights to the journal, both for its print and electronic publication. After an article is published, it may be reproduced without previous permission of the author or the journal but the author(s), year, title, volume, number and range of pages of the publication must be mentioned. In addition, Estudios Gerenciales must be mentioned as the source (please, refrain from using Revista Estudios Gerenciales).
How to Cite
