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- Publisher Website: 10.1007/s11187-014-9571-7
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Article: Imperfect information and labor market bias against small and medium-sized enterprises: a Korean case
Title | Imperfect information and labor market bias against small and medium-sized enterprises: a Korean case |
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Authors | |
Keywords | Turnover intentions Imperfect information Korea Labor shortage Small and medium-sized enterprises |
Issue Date | 2014 |
Citation | Small Business Economics, 2014, v. 43 n. 3, p. 725-741 How to Cite? |
Abstract | We examine the labor market's bias against small and medium-sized enterprises focusing on the Seoul Digital Industrial Complex case. We adopt Heckman's approach to control selection bias, and use primary data from questionnaire surveys conducted at both firm and employee levels. We find that conventional firm-specific factors, such as wages, fringe benefits, and weekly work hours, primarily explain the labor market bias, but imperfect information is also positively associated with the bias. For example, a firm's inadequate ability to identify a pool of potential employee candidates or to provide them comprehensive firm- or job-specific information tends to worsen labor shortages, and an employee's ex-ante incomplete knowledge of on-the-job training or education opportunities tends to increase ex-post turnover intentions. Our results suggest that reducing the market bias requires improving imperfect information as well as conventional firm-specific conditions. © 2014 Springer Science+Business Media New York. |
Persistent Identifier | http://hdl.handle.net/10722/202210 |
ISSN | 2023 Impact Factor: 6.5 2023 SCImago Journal Rankings: 2.530 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Park, Soonae | - |
dc.contributor.author | Kim, Byungyeon | - |
dc.contributor.author | Jang, Wonchang | - |
dc.contributor.author | Nam, Kyungmin | - |
dc.date.accessioned | 2014-08-22T02:57:48Z | - |
dc.date.available | 2014-08-22T02:57:48Z | - |
dc.date.issued | 2014 | - |
dc.identifier.citation | Small Business Economics, 2014, v. 43 n. 3, p. 725-741 | - |
dc.identifier.issn | 0921-898X | - |
dc.identifier.uri | http://hdl.handle.net/10722/202210 | - |
dc.description.abstract | We examine the labor market's bias against small and medium-sized enterprises focusing on the Seoul Digital Industrial Complex case. We adopt Heckman's approach to control selection bias, and use primary data from questionnaire surveys conducted at both firm and employee levels. We find that conventional firm-specific factors, such as wages, fringe benefits, and weekly work hours, primarily explain the labor market bias, but imperfect information is also positively associated with the bias. For example, a firm's inadequate ability to identify a pool of potential employee candidates or to provide them comprehensive firm- or job-specific information tends to worsen labor shortages, and an employee's ex-ante incomplete knowledge of on-the-job training or education opportunities tends to increase ex-post turnover intentions. Our results suggest that reducing the market bias requires improving imperfect information as well as conventional firm-specific conditions. © 2014 Springer Science+Business Media New York. | - |
dc.language | eng | - |
dc.relation.ispartof | Small Business Economics | - |
dc.subject | Turnover intentions | - |
dc.subject | Imperfect information | - |
dc.subject | Korea | - |
dc.subject | Labor shortage | - |
dc.subject | Small and medium-sized enterprises | - |
dc.title | Imperfect information and labor market bias against small and medium-sized enterprises: a Korean case | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1007/s11187-014-9571-7 | - |
dc.identifier.scopus | eid_2-s2.0-84896410468 | - |
dc.identifier.hkuros | 239552 | - |
dc.identifier.volume | 43 | - |
dc.identifier.issue | 3 | - |
dc.identifier.spage | 725 | - |
dc.identifier.epage | 741 | - |
dc.identifier.eissn | 1573-0913 | - |
dc.identifier.isi | WOS:000341926400012 | - |
dc.identifier.issnl | 0921-898X | - |