Financing Growth and Turning Data into Business.

Small and medium-sized enterprises (SMEs) that scale up have long raised policy interest for their extraordinary potential in terms of job creation, innovation, competitiveness and economic growth. Yet, little is known about which firms could effectively become scalers, and what policies could effec...

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Bibliographic Details
Main Author: OECD
Format: eBook
Language:English
Published: Paris : Organization for Economic Cooperation & Development, 2022.
Edition:1st ed.
Subjects:
Online Access:Click for online access

MARC

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520 |a Small and medium-sized enterprises (SMEs) that scale up have long raised policy interest for their extraordinary potential in terms of job creation, innovation, competitiveness and economic growth. Yet, little is known about which firms could effectively become scalers, and what policies could effectively promote SME growth. 
505 0 |a Intro -- Foreword -- Acknowledgements -- Table of contents -- Executive Summary -- 1 Rethinking SME scale up and growth policies -- Introduction -- Firm size, growth and performance: concepts and definitions -- Firm size and size growth -- Turnover and employment -- Determinants of firm size -- Firm performance and performance growth -- Productivity -- Profit, mark-ups, market shares and stock markets -- Innovation -- Export and internationalisation -- Sustainability and resilience performance -- High growth and scale up -- Scaling up drivers: which levers do scalers use? -- Innovation -- R&amp -- D and disruptive innovation -- Digital adoption -- Business development -- Investments -- Physical capital -- Skills and human capital -- Intangible assets -- Network expansion -- Domestic market expansion -- International trade -- Cooperation and partnerships -- Digital platforms -- Multiplier effects of scaling up drivers -- Rethinking SME scale up policies -- 1. Scale up policies can pay off -- 2. There is a broad scaling up potential, beyond the select club of high-tech start-ups -- 3. It is hazardous to seek to pick future winners -- 4. It needs an ecosystem to nurture scalers and a whole-of-government approach to support them -- Framing, scoping and mapping scale up policy -- Conclusion -- References -- Annex 1.A. Template for mapping institutions -- Annex 1.B. Template for mapping policy initiatives -- Annex 1.C. Lessons from microdata work -- Scalers: who are they? Not who you think they are... -- Scalers undergo a deep transformation that is all but linear or even for all -- Notes -- 2 Financing growth -- Introduction -- Identifying the diverse sources of finance to scale up (all sorts of) business -- Most future high growth firms resort to bank loans to prepare for scaling up. 
505 8 |a The internal financing capacity of SMEs remains critical for scaling up -- There is a great diversity of financing sources available for a long tail of diverse scalers -- A number of internal and external barriers limit SME access to scale up finance -- There is a persistent gap for SMEs in leveraging internal and accessing external finance, across all scaler profiles and trajectories -- In addition, common SME financing barriers can arise and compound both on the supply and demand-side of the scale up finance market -- Financing solutions for scalers could also be place-specific, or place-blind -- Mapping scale up finance institutions and policies: analytical framework, sources and methods -- Main strategic objectives pursued -- Cutting across multiple policy domains -- Identifying typologies of policy instruments -- Methodology and sources -- How are scale up finance policies shaping across OECD countries? Key findings of the pilot phase -- All OECD countries act to improve scale up finance, albeit at different intensities -- Public action for scale up finance often falls beyond the SME and entrepreneurship policy domain -- There are signs of a general fragmentation of scale up finance policies... -- ... raising the risk of governance failures and the need for sound coordination across-the-board -- Scale up finance policy is in fact highly targeted... -- ... which can raise difficulties for potential scalers to navigate a broad and disperse range of public services -- Scale up finance policies are different depending on the scale up driver at play -- National policy mixes are not geared towards the same scaling up drivers -- Disruptive innovation, investment in physical capital and global expansion are first in the line of sight of governments -- Public measures for improving scale up finance often target SMEs directly, through various instruments. 
505 8 |a The finance market is an important intermediary for providing scale up finance, which could be further leveraged through government policies -- In practice, increasing the supply of scale up finance is not only about equity -- The public sector and the civil society play a more marginal role -- Conclusion -- References -- Annex 2.A. Standard instruments to promote conditions for scaling up in SMEs -- Notes -- 3. Turning data into business -- Introduction -- Businesses are increasingly leveraging data, with broad scope for driving SME scale up -- Data create economic value by enhancing business operations, and sometimes even enable the creation of new business models... -- ...and data will play a key role in helping SMEs scale up through more sustainable business models -- A number of barriers continue to prevent SMEs' access to and use of data for scaling up their business -- From skills gaps... -- ...to a lower capacity in leveraging intellectual property rights (IPRs) -- Mapping SME data policy and institutions: analytical framework, sources and methods -- Main strategic objectives pursued -- Cutting across multiple policy domains -- Identifying typologies of policy instruments -- Methodology and sources -- How are SME data policies shaping across countries? Key findings -- SME data policies are cross-cutting by nature -- Consequently, implementation takes place through a diverse set of institutional and governance arrangements -- Multiple institutions with different mandates -- Different governance models -- Centralised governance (Estonia, Chile, Sweden and the Republic of Türkiye) -- Blended governance (Austria, France, Germany, Ireland and the United Kingdom) -- Diffused governance (Italy, Norway, Portugal, Slovenia, Spain and Switzerland). 
505 8 |a Governance aspects are predominant, with policy coordination taking notably place through national strategies on cybersecurity, digitalisation or innovation -- Countries place a strong policy focus on improving SMEs' internal capacity to manage data... -- Improving data culture and related skills, first in focus -- Improving data use and valorisation, second in focus -- Protecting data and closing the digital "back door" -- ...and less attention on access, infrastructural and interoperability issues... -- ...with some nascent policy efforts to leverage data as a way toward more sustainable business models -- If dedicated data policies are rare, public action in the field remains relatively targeted -- International policy initiatives are advancing in parallel to national ones -- The EU impulse -- Cross-border partnerships -- Conclusion -- References -- Notes. 
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