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The Statistical Issues and Interests of the Korean women owned SMEs

The Statistical Issues and Interests of the Korean women owned SMEs. Republic of Korea. The Small and Medium Business Administration. Contents. Introduction The Progress of the Survey Results and Limitations Proposals for Further Improvements. Introduction.

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The Statistical Issues and Interests of the Korean women owned SMEs

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  1. The Statistical Issues and Interestsof the Korean women owned SMEs Republic of Korea The Small and Medium Business Administration

  2. Contents • Introduction • The Progress of the Survey • Results and Limitations • Proposals for Further Improvements The Small and Medium Business Administration

  3. Introduction • Contribution of women-owned business to national economy - No. of employment and establishments etc. The Small and Medium Business Administration

  4. Traditional industry sectors favored by women entrepreneurs : Hotels & Restaurant and Wholesale & retail trade - Emerging new sectors such as S/W, ICT and e-commerce • Government recognizes the importance of women entrepreneurs - introducing an Act, June 1999 - starting the survey on women owned businesses, Nov. 1999 The Small and Medium Business Administration

  5. Progress of the Survey • Since 1999, survey on women-owned business been done biannually The Small and Medium Business Administration

  6. Limitations • Inconsistency of parent population - leaving incomplete and incomparable data • Low retrieval rate and high rejection rate - causing extra labor, time and cost • Low credibility of answers in financial performance - threatening the whole credibility of the survey The Small and Medium Business Administration

  7. Inconsistency with other surveys The Small and Medium Business Administration

  8. Inconsistency within the survey The Small and Medium Business Administration

  9. 1st Stage : Making Contact The Small and Medium Business Administration

  10. 2st Stage : Retrieval Questionnaire The Small and Medium Business Administration

  11. Financial Performance (Ordinary profit to equity) The Small and Medium Business Administration

  12. Further improvements • Develop a population data base that covers the whole demography of SMEs for all surveys - make stratification of population as close as possible with that of already existing SMEs surveys • Utilize already available DB so that get rid of redundancy in the questionnaire as much as possible The Small and Medium Business Administration

  13. Further improvements • Elaborate on the questionnaire to make it more respondent friendly by incorporating the specific feature of women entrepreneurs • Provide accounting S/W for SMEs to get familiar with filing financial statement • Return some value to participating respondents The Small and Medium Business Administration

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