@article{ART003403094},
author={Se Yong Kim and Jong Won Lee},
title={The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities},
journal={Industry Promotion Research},
issn={2466-1139},
year={2026},
volume={11},
number={4},
pages={97-108},
doi={10.21186/IPR.2026.11.4.097}
TY - JOUR
AU - Se Yong Kim
AU - Jong Won Lee
TI - The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities
JO - Industry Promotion Research
PY - 2026
VL - 11
IS - 4
PB - Industrial Promotion Institute
SP - 97
EP - 108
SN - 2466-1139
AB - This study examines the effects of CEO entrepreneurship and the utilization of government policy support on M&A intention in SMEs, focusing on the mediating role of dynamic capabilities. Entrepreneurship comprises innovativeness, proactiveness, and risk-taking; government policy support comprises financial support, management consulting, and education and information provision; and dynamic capabilities comprise absorptive, adaptive, and innovative capabilities. A survey was conducted for one month beginning on April 16, 2026, targeting founders who also serve as CEOs of SMEs in Korea, and 366 valid responses were analyzed. The data were analyzed using PLS-SEM with SPSS 31 and SmartPLS 4.0. The results are as follows. First, entrepreneurship and the utilization of government policy support have significant positive effects on dynamic capabilities. Second, entrepreneurship and the utilization of government policy support have significant positive effects on M&A intention. Third, dynamic capabilities have a significant positive effect on M&A intention. Fourth, dynamic capabilities significantly mediate the relationships between entrepreneurship and M&A intention and between the utilization of government policy support and M&A intention. These findings suggest that promoting M&A among SMEs requires integrated policy support that links financial support, consulting, education, and information provision to strengthen firms’ dynamic capabilities.
KW - SMEs;Entrepreneurship;Utilization of Government Policy Support;Dynamic Capabilities;M&A Intention
DO - 10.21186/IPR.2026.11.4.097
ER -
Se Yong Kim and Jong Won Lee. (2026). The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities. Industry Promotion Research, 11(4), 97-108.
Se Yong Kim and Jong Won Lee. 2026, "The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities", Industry Promotion Research, vol.11, no.4 pp.97-108. Available from: doi:10.21186/IPR.2026.11.4.097
Se Yong Kim, Jong Won Lee "The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities" Industry Promotion Research 11.4 pp.97-108 (2026) : 97.
Se Yong Kim, Jong Won Lee. The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities. 2026; 11(4), 97-108. Available from: doi:10.21186/IPR.2026.11.4.097
Se Yong Kim and Jong Won Lee. "The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities" Industry Promotion Research 11, no.4 (2026) : 97-108.doi: 10.21186/IPR.2026.11.4.097
Se Yong Kim; Jong Won Lee. The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities. Industry Promotion Research, 11(4), 97-108. doi: 10.21186/IPR.2026.11.4.097
Se Yong Kim; Jong Won Lee. The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities. Industry Promotion Research. 2026; 11(4) 97-108. doi: 10.21186/IPR.2026.11.4.097
Se Yong Kim, Jong Won Lee. The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities. 2026; 11(4), 97-108. Available from: doi:10.21186/IPR.2026.11.4.097
Se Yong Kim and Jong Won Lee. "The Impact of Entrepreneurship and the Utilization of Government Policy Support on M&A Intention in SMEs : The Mediating Role of Dynamic Capabilities" Industry Promotion Research 11, no.4 (2026) : 97-108.doi: 10.21186/IPR.2026.11.4.097
