• Title/Summary/Keyword: 모험자본

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A Study on Performance of New Ventures in Korea (국내 벤처기업의 경영성과에 관한 연구)

  • 정현호;강희정
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2001.10a
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    • pp.237-241
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    • 2001
  • 우리 나라와 세계 경제에서 모험기업이 차지하는 비중이 날로 높아져 가고 있다. 모험기업의 전략과 성과에 관한 연구는 1980년대 이후로 경영학 분야인 마케팅, 조직 등에서 꾸준히 진행되어 왔다. 그러나 기술전략 분야에서는 상대적으로 소홀히 되어 온 점이 다분하다. 이러한 연구의 필요성에 부응하여 마케팅 전략과 더불어 어떠한 기술전략이 모험기업의 성과에 어떠한 영향을 미치는지를 연구함으로써 향후 이 분야의 연구에 대한 방법론적 틀을 제공하고자 하는 것이다. 연구 내의 독립 변수는 크게 기술전략, 마케팅전략, 산업 환경의 세 부분으로 분류하였다. 조절변수로는 벤처연구소에서 실시한 벤처기업의 유형 분류(하이테크형, 우량기업형, 부띠크형, 일반기업형)를 사용하였고, 모험기업의 성과를 종속변수로 사용하였다. 이러한 변수들이 모험기업의 성과에 미치는 상대적 영향력을 연구자료를 확보하기 위하여 서베이가 행하여졌는데, 대상은 중소모험기업의 자본시장인 코스닥에 등록된 모험기업업체로 선정하였다. 연구 결과, 위에서 열거한 변수들의 대부분이, 각 전략의 종류에 따라 차이가 있지만, 모험기업의 성과에 유의적인 영향력을 행사하고 있다는 사실이 밝혀졌다. 또한, 분류된 모험기업의 종류에 따라 추구하는 전략이 달라진다는 사실도 밝혀졌다

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벤처인이여 혁신하라,도전하라,창조하라

  • Korea Venture Business Association
    • Venture DIGEST
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    • s.69
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    • pp.12-13
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    • 2005
  • 세계적인 석학 피터 드러커는 우리나라를 기업가정신이 가장 왕성한 나라라고 칭찬한 바 있다. 하지만 국민소득 2만달러의 목전에서 겪은 외환위기, 내수침체, 청년실업난 등으로 10여 년 간 제자리걸음하고 있는 지금, 그 말이 참 무색하게 다가온다. 이 악순환의 고리를 끊기 위해 우리 경제 활성화의 견인차로 다시 벤처가 나섰다. 지금이야말로 우리 벤처인들이 위험을 무릅쓰고 포착한 기회를 사업화하려는 모험과 도전의 기업가정신으로 재무장하여야 할 때이다. 기업가정신은 돈을 벌기 위한 정신이 아니다. 주위 사람과 공동체를 중시 여겨 자기희생을 감수하는 결단이고, 상상하기 어려운 힘든 역경 속에서도 좌절하지 않고 죽을 힘을 다하는 도전이며, 탄탄대로를 거부하고 비바람 부는 날 풀이 무성한 인적 드문 길을 선택하는 모험이다. ‘자본이 없어서, 기술이 없어서, 인재가 없어서’일을 못하겠다고 조건을 탓하거나 주저하지 말자. “신에게는 아직 12척의 배가 있사옵니다”라며 백의종군하여 병사도, 배도, 무기도, 군량미도 없이 홀몸으로 대함대와 맞서 찬란한 승리를 거둔 이순신 장군을 되새겨보라. 우리 벤처인에겐 아직 혁신과 도전과 모험정신이라는 기업가정신이 있지 않은가. 하늘에 온통 구름이 끼여있고 천둥번개가 내리쳐도 여전히 구름 뒤에는 밝은 태양이 빛나고 있다. 우리 벤처인이 기업가정신을 놓지않고 이상을 위해 도전한다면, 곧 구름 뒤 태양은 모습을 드러내고, 그대 벤처인을 향해 찬란히 빛날 것이다. 벤처인이여! 벤처 재도약의 동력이 될 기업가정신으로 재무장하고, 두 발로 땅을 박차고 일어나 구름 위 이상을 향해 힘차게 도약하자.

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Determinants of Innovation of ICT firms listed on the Korea Stock Exchange (특허출원자료를 활용한 기업의 기술혁신 결정요인: 정보통신제조업 유가증권시장 상장사를 대상으로)

  • Kim, Jin-Soo;Choi, Moon-Jong
    • 한국IT서비스학회:학술대회논문집
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    • 2007.11a
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    • pp.210-215
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    • 2007
  • 본 연구는 한국증권선물거래소 유가증원시장에 상장된 정보통신제조업체를 대상으로 기술혁신 결정요인을 분석하였다. 연구모형은 Romer(1990)에서 시작되는 내생적 경제성장 모험의 지식생산함수를 이용하였으며, 기술혁신의 측정은 특허청의 기업별 특허출원수를 활용하였다. 분석결과 연구개발집약도, 기술수준, 수출비중, 자본집약도는 기술혁신에 양(+)의, 반면 관계사 매입.매출비중은 기술혁신에 음(-)의 유의한 영향을 미치는 것으로 나타났다. 특히 관계사 매출비중보다 매일비중이 자사의 기술혁신에 보다 나쁜 영향을 미침을 확인하였다. 이는 경영자에게 자사의 기술혁신을 위해 무엇보다 관계사 매입비중을 감소시킬 것을 보여준다.

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A Study on Improvement of the KONEX, the Emerging Exchange for SMEs and Startups (코넥스(KONEX)시장의 재도약을 위한 제도개선 연구)

  • Kim, Yun Kyung;Shin, Hyun-Han;Joe, Byoung-Moon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.17 no.1
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    • pp.177-189
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    • 2022
  • This study proposes policy recommendations for the Korea New Exchange ("KONEX"), which is a financial platform for SMEs and startups that relied on indirect and policy financing in the past. SMEs and venture firms with limited human and physical listing resources can grow through market incubation, and venture capitalists expect an early exit or return on investment. However, the lack of liquidity and sluggish trading volume have weakened the function of the market. Despite prior policy efforts, the number of newly listed companies has decreased while listing demand for KOSDAQ and K-OTC has increased. This study aims to suggest short- and long-term improvements in regulations and throughout the KONEX firms' listing life cycle. First, the minimum deposit requirement on individual investors should be abolished to increase the number of investors. Second, information disclosure should be conducted by firms so that the nominated advisor can focus on discovering and supporting new listed companies. Third, in order to increase trading volume, the 5% dispersion rule should be changed to 25% dispersion incentive principle. Fourth, a new track without profit condition in expedited transfer listing should be introduced because the KOSDAQ relaxes the profit realization requirements for listing. Lastly, transfer listing without additional review for firms that fulfill ownership dispersion, information disclosure, and investor protection will strengthen the incubating role of the KONEX.

Spatial Demand Estimation for the Knowledge-Based Industries in the Capital Region of Korea (지식기반산업의 입지수요추정)

  • Kab Sung Kim;Sung Jae Choo;Kee Bom Nahm
    • Journal of the Korean Geographical Society
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    • v.38 no.3
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    • pp.363-374
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    • 2003
  • There is very high preference for the firms to locate in the Capital region, the City of Seoul and its surrounding areas, which inevitably meets diverse types of regulations to prevent over-concentration in Korea. In order to suggest an urgent need to reform these regulations, the demand for knowledge-based industries is estimated. A legit model is employed to estimate the demand of relocation of the current firms based on a survey conducted in 2001. A logistic curve is used to forecast the demand of new start-ups in Korea. The lands for industrial use only are estimated as many as 2.1 million~3.9 million pyung(1 pyung=3.3$m^2$) in nation-wide. Considering affiliate facilities and infrastructures, 3.1 million~5.9 million of industrial area should be developed in Korea for next five years. Since the rents are very high and the available land is short in the southern parts of Seoul, where most knowledge-based firms locate right now. Many firms have considered relocating on any other places where there exist a plenty of lands available and cheaper rents and cheaper wage rates, but still not far away from Seoul so that they could obtain new advanced information, skilled labors, venture capitals, and high quality of producer services. The Capital region, especially Gyeonggi and Incheon, is the only place to meet those conditions in Korea.

Analysis of Animation < How To Train Your Dragon > (애니메이션 <드래곤 길들이기>의 연출 분석)

  • Ahn, Jong-Hyeck
    • The Journal of the Korea Contents Association
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    • v.11 no.12
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    • pp.162-170
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    • 2011
  • Through this thesis, I intended to analyze Hollywood animation through that achieved in box office by directing viewpoint. of Chris Sanders and Dean Deblois not only shows standard narrative structure of adventure, comedy, fantasy, but also express message of story and thorough visual. Analysis of directing classify contents and form. In contents, constitution of narrative and set up of character, irony of plot, characterization and popularity are embossed. In form, lighting and special effect, design and layout, 3D technology and stereoscopic camera technique based on the capital strength are outstanding. The high evaluation for film is possessed of box offic, remained within value and popularity, and delivered metaphysical theme without repulsion. The director's direction make success even if the pre-production manage by huge system approach.

The Study on the Balance of Ambidextrous Strategy of Exploration and Exploitation for Startup Performance (조직의 탐색과 활용에 대한 양손잡이 전략의 균형이 스타트업 성과에 미치는 영향)

  • Choi, Sung Chul;Lee, Woo Jin
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.16 no.6
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    • pp.131-144
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    • 2021
  • The organizational ambidexterity is an organizational strategy designed to pursue exploration activities to seize new opportunities and exploitation activities to efficiently use resources. Most of these ambidextrous structures have been studied for large corporations with slack resources, and there are still not many studies on the necessity of an ambidextrous structure for startups with relatively low-level resources. However, recently, the startup ecosystem is being advanced globally, and the amount of VC investment is rapidly increasing. This is a time when a lot of venture fund is invested in startups and a startup-friendly environment for rapid growth is created. This is the time to discuss the necessity and applicability of an ambidextrous organizational structure for startups. Therefore, this study conducted a hypothesis test whether the importance and necessity of balance that startups solving market problems with new ideas and utilizing accumulated resources have. To conduct this study, we analyzed 140 startups data gathered from the survey and the moderation effect was also analyzed. As a result of the study, it was verified that the balance of startup exploration and exploitation had a significant effect on startup performance, and the moderating effect of environmental dynamics was found to have a significant effect on the relationship with non-financial performance. Therefore, for startups with insufficient resources, it was concluded that the surplus resources generated in the process of a firm's growth should be effectively utilized and the balance between exploration and exploitation should be balanced from the initial stage of searching for a new business. In other words, it was confirmed that it is important for continuous growth and survival to seek the structure of an ambidextrous organization in order to internalize a mechanism that enables startups to pursue both effectiveness and efficiency in the long term. This study suggests a strategic direction for the growth of startups from the perspective of organizational structure. We expect that this meaningful results on the relationship between the ambidextrous capabilities of startups and performance contribute to the growth of startups in the rapidly growing startup venture environment.

What are the Characteristics and Future Directions of Domestic Angel Investment Research? (국내 엔젤투자 연구의 특징과 향후 방향은 무엇인가?)

  • Min Kim;Byung Chul Choi;Woo Jin Lee
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.18 no.6
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    • pp.57-70
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    • 2023
  • The investigation delved into 457 pieces of scholarly work, encompassing articles, published theses, and dissertations from the National Research Foundation of Korea, spanning the period of the 1997 IMF financial crisis up to 2022. The materials were sourced using terms such as 'angel investment', 'angel investor', and 'angel investment attraction'. The initial phase involved filtering out redundant entries from the preliminary collection of 267 works, leaving aside pieces that didn't pertain directly to angel investment as indicated in their abstracts. The next stage of the analysis involved a more rigorous selection process. Out of 43 papers earmarked in the preceding cut, only 32 were chosen. The criteria for this focused on the exclusion of conference presentations, articles that were either not submitted or inconclusive, and those that duplicated content under different titles. The final selection of 32 papers underwent a thorough systematic literature review. These documents, all pertinent to angel investment in South Korea, were scrutinized under five distinct categories: 1) publication year, 2) themes of research, 3) strategies employed in the studies, 4) participants involved in the research, and 5) methods of research utilized. This meticulous process illuminated the existing landscape of angel investment studies within Korea. Moreover, this study pinpointed gaps in the current body of research, offering guidance on future scholarly directions and proposing social scientific theories to further enrich the field of angel investment studies and analysis also seeks to pinpoint which areas require additional exploration to energize the field of angel investment moving forward. Through a comprehensive review of literature, this research intends to validate the establishment of future research trajectories and pinpoint areas that are currently and relatively underexplored in Korea's angel investment research stream. This study revealed that current research on domestic angel investment is concentrated on several areas: 1) the traits of angel investors, 2) the motivations behind angel investing, 3) startup ventures, 4) relevant institutions and policies, and 5) the various forms of angel investments. It was determined that there is a need to broaden the scope of research to aid in enhancing and stimulating the scale of domestic angel investing. This includes research into performance analysis of angel investments and detailed case studies in the field. Furthermore, the study emphasizes the importance of diversifying research efforts. Instead of solely focusing on specific factors like investment types, startups, accelerators, venture capital, and regulatory frameworks, there is a call for research that explores a variety of associated variables. These include aspects related to crowdfunding and return on investment in the context of angel investing, ensuring a more holistic approach to research in this domain. Specifically, there's a clear need for more detailed studies focusing on the relationships with variables that serve as dependent variables influencing the outcomes of angel investments. Moreover, it's essential to invigorate both qualitative and quantitative research that delves into the theoretical framework from multiple perspectives. This involves analyzing the structure of variables that have an impact on angel investments and the decisions surrounding these investments, thereby enriching the theoretical foundation of this field. Finally, we presented the direction of development for future research by confirming that the effect on the completeness of the business plan is high or low depending on the satisfaction of the entrepreneurs in addition to the components.

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