IDEAS home Printed from https://ideas.repec.org/a/ids/ijesbu/v2y2005i4p301-311.html
   My bibliography  Save this article

"Value creation" by allocation of resources in SMEs under different conditions of economic development

Author

Listed:
  • Karl-Heinz Schmidt

Abstract

The long term development of economic activities and economic thought demonstrates that the earlier research on "values" and "value creation" brought about different, even antagonistic theoretical approaches. Three main versions of "economic value" were identified: exchange value, user value and returns value (Hubig/Muller, 1989). Taking into account also the dimensions of value – objective and subjective value – (Stavenhagen, 1969, p.53 f, 227 ff), the impact of economic resources on the creation of value turns out to be a severe problem in economic reasoning especially if entrepreneurship and SMEs are considered (Dobb, 1977, esp. p.185 ff). The following contribution is restricted to two specific aspects of the relations between allocation of resources and value creation: the changes of theoretical hypotheses of value creation and empirical findings on value creation by allocation of resources in SMEs of Germany, Japan and South Africa.

Suggested Citation

  • Karl-Heinz Schmidt, 2005. ""Value creation" by allocation of resources in SMEs under different conditions of economic development," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 2(4), pages 301-311.
    • Handle: RePEc:ids:ijesbu:v:2:y:2005:i:4:p:301-311
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=7083
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Igor Kheifets, 2011. "Goodness-of-fit testing (in Russian)," Quantile, Quantile, issue 9, pages 25-34, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijesbu:v:2:y:2005:i:4:p:301-311. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=74 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.