1
The Statistical Issues and Interestsof the Korean women owned SMEs
Republic of Korea
The Small and Medium Business Administration
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.
0
5
10
15
20
25
1998 2000 2001
No. of Employment(100,000)
No. of Establishment(100,000)
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
Parent PopulationClassifi-cation Restriction No.
SampleSize
1st +5 workers 9,800 2,010
2nd None 980,000 2,080
3rd None 1,000,000 2,040
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
Name of the Survey (frequency)
Sample PopulationScope
(No. of workers)
Sectors
(ISICS)
Fact finding survey on women SMEs
Women owned businesses 1 ~ 299B ~ J, L, M, Q, R
Fact finding survey on SMEs
Business in manufacturing industry
5 ~ 299 D
Analysis of financial data
Business whose turnover exceeds 1 bill. KRW
5 ~ 299B ~ J, L, M, Q, R
Financial statement analysis
Legal entities whose turnover exceeds 2 bill. KRW
1 ~ no restriction
B ~ J, L, M, Q, R
The Small and Medium Business Administration 8
Inconsistency within the survey
Parent PopulationClassifi-cation Restriction No.
SampleSize
SamplingMethodology
1st
(1999)+5 workers 9,880 2,010 Purposive
2nd
(2001)None 980,000 2,080 Proportional
The Small and Medium Business Administration 9
1st Stage : Making Contact
Lost/Missing contactOwner changed to maleRefuse to answerNominal women ownerAgreed to survey
The Small and Medium Business Administration 10
2st Stage : Retrieval Questionnaire
Retrived-not usedNot retrived in timeRefuse to answerRetrived-used
The Small and Medium Business Administration 11
Financial Performance (Ordinary profit to equity)
Classification
The fact-finding
survey onwomenowned
business
Fact findingsurvey on
SMEs
Analysis offinancial
data
Financialstatementanalysis
Manufacturingbusiness with
5 - 299workers
22.7% 10.4% 7.1% 11.8%
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