D. J. Storey Editorial C. Karlsson The papers in this special issue are a selection Klepper, 1995), it is surely beyond questions that of those presented at a workshop organised by SMEs are an important, if not necessarily a dis- Jönköping International Business School, Sweden proportionate, contributor to the development of in September 1994. They focus primarily on the new industries and of innovation in developed entrepreneurial role of small and medium enter- economies. prises (SMEs) and technological change. But how does innovation actually occur within Whilst all papers exhibit an interest in these SMEs? Economic theory assumes the firm to be common themes, their approaches are highly an independent agent deciding upon investment in diverse. In ordering the papers within the issue, research and development, introduction of new we have taken account of this diversity by starting products etc. In this it is influenced by the market with the more theoretical contributions by Suarez- structures in the industry in which it operates, Villa and Gifford and then moving towards the although whether technical change is exogenous empirical contributions by the other authors. The or endogenous continues to be disputed. value of this approach is to provide the reader
Small Business Economics – Springer Journals
Published: Oct 6, 2004
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