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• W4224903973 startingPage "102850" @default.
• W4224903973 abstract "The purpose of this paper is to establish an interpretable framework to describe the growth mechanism of small and micro enterprises (SMEs) under the tech-economic paradigm and develop a new measurement method for growth performance. Based on stochastic resonance theory, as the inherent capital–product switches are applied with capital driving and risk incentive, SMEs’ growth might exhibit an optimal state subject to the implementation of different strategies. Simulation results verify these strategies from management orientation, specialization level, and environmental uncertainty to reveal some nonintuitive phenomena. These findings lead us to create useful decision rules in risk management, growth path optimization or SME loans. Finally we wish the framework established in this paper may provide another new mathematical way to explain Schumpter’s economic development theory based on SMEs growth with innovation." @default.
• W4224903973 created "2022-04-27" @default.
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• W4224903973 date "2022-08-01" @default.
• W4224903973 modified "2023-10-17" @default.
• W4224903973 title "The mechanism for SMEs growth by applying stochastic dynamical approach" @default.
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• W4224903973 doi "https://doi.org/10.1016/j.frl.2022.102850" @default.
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