An Empirical Study on the Relationship between Technology Valuation and Performance in Ventures

벤처의 기술평가와 경영성과의 관계에 관한 연구

  • 양동우 (기술신용보증기금 벤처지원부)
  • Received : 2003.02.10
  • Accepted : 2003.03.15
  • Published : 2003.06.01


The Purpose of this study is to prove empirically the relationship between technology valuation and performance in Ventures, while considering the uniqueness of Korean firms. We use technology score, marketability score, business attractiveness score as ex-ante independent variables, use firm's performance(sales, asset, operating income ratio, net income ratio etc) as ex-post dependent variables. Parametric analysis such as Paired T-test, ANOVA are applied in this paper. The results of Empirical analysis is summarized as follows. Firstly, operating income ratio and net income ratio are different in portfolios classified by technology score. Secondly, the growth rate of operating income is different in portfolios classified by technology score. Finally, this study has shown that technology score has possibility which it use the predictive variables of firm performances.