Financing Growth and Turning Data into Business

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Author

OECD.

Title

Financing Growth and Turning Data into Business.

ISBN

9789264443891

9789264616585

Edition

1st ed.

Publication

Paris : Organization for Economic Cooperation & Development, 2022.

Physical Description

1 online resource (195 pages)

Local Notes

Access is available to the Yale community.

Notes

Description based on publisher supplied metadata and other sources.

Access and use

Access restricted by licensing agreement.

Summary

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.

Variant and related titles

ProQuest ebook central.

Other formats

Print version: OECD Financing Growth and Turning Data into Business Paris : Organization for Economic Cooperation & Development,c2022

Format

Books / Online

Language

English

Added to Catalog

July 05, 2023

Contents

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.

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.

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).

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