Policy involvement and policy consistency identification of supportive policies for SMEs

Juying Zeng (), Jiehui Li () and Qianqian Yang ()
Additional contact information
Juying Zeng: Hangzhou City University
Jiehui Li: Zhejiang University of Finance & Economics
Qianqian Yang: Zhejiang University of Finance & Economics

International Entrepreneurship and Management Journal, 2024, vol. 20, issue 4, No 17, 2937 pages

Abstract: Abstract The practice of supportive policies for small and medium-sized enterprises (SMEs) in Zhejiang Province during the post-epidemic period is of great importance in boosting economy, creating employment, and promoting innovation for other provinces and overall China. However, quantitative evaluation of supportive policies for SMEs in Zhejiang is under-represented in the existing literature. With application of text bibliometric approach, entropy weight method and Policy Modeling Consistency (PMC) index approach, the research innovatively identifies the policy involvement and policy consistency of 493 supportive policies for SMEs in the absence of sufficient statistical data at multi-hierarchy levels during the period of 2018–2022. First, the Citespace identification shows that the supportive policies for SMEs in Zhejiang has the features of multi-stage outbreaks along with time and bottom-up issuance in levels. Second, the supportive policies have witnessed the dynamic involvement from financial support, cost reduction in business operations, and risk mitigation and employment stabilization since 2019. Third, the policy consistency of the supportive policies among multi departments and multi-hierarchy governments is satisfying since the multiple department policy-making entities have stimulated the cross-responsibility and coordinated supports and realized better supportive effects for SMEs. Fourth, the supportive policies for SMEs in Zhejiang have shifted their focuses towards stimulating long-term innovations of the specialized and sophisticated SMEs. The PMC identification validates the precise governance for stimulating sustainable development in digital economy for SMEs in Zhejiang is of top priority. The policies provide a dynamic optimizing measures and gradually transfer the focuses on sustainable development and technological innovation of SMEs with sensitive recognition of the SMEs’ needs.

Keywords: SMEs; Supportive policies; Multi-hierarchy governments; Policy effect; Policy consistency (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11365-024-00987-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:intemj:v:20:y:2024:i:4:d:10.1007_s11365-024-00987-1

Ordering information: This journal article can be ordered from
http://www.springer. ... urship/journal/11365

DOI: 10.1007/s11365-024-00987-1

Access Statistics for this article

International Entrepreneurship and Management Journal is currently edited by Salvador Roig

More articles in International Entrepreneurship and Management Journal from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().