중국과 한국 벤처기업의 경영성과 영향요인에 관한 비교연구

Abstract

Abstract

A Comparative Study on the Performance of Venture Business : China versus Korea

Kim oh soon Advisor : Prof. Jong-rok Yoon, Ph.D. Department of Business Adminstration Graduate School of Chosun University

This study attempts to analyze the factors affecting the performance there are some differences between Korea ventures business and China ventures business. Venture businesses have highly developed the industrial structure through a new technique and a new enterprise. They have been playing an important role in the development of the national economy and capital market through revitalizing a venture capital market. But these venture businesses have experienced the time of the remarkable success for very short time and painful failures at the same time. However, the venture businesses that have their high technical ability or profitability can get opportunities to be another new advance and the chance of development, .characteristics of entrepreneur, environmental characteristics, resource capabilities, characteristics, and competitive strategies were considered as the factors affecting the performance of ventures. For the study, Korea ventures the data were gathered from the establish of venture business in Seoul, Gyunggi, Busan, Daejeon, Gwangju province through the questionnaires. Research hypothesis were examined based on the gathered data. the data for this research was collected for 266 venture businesses China ventures business Jilin, Guangdong, Tianjin, Shanghai, province through the questionnaires. Research hypothesis were examined based on the gathered data. the data for this research was collected for 314 utilizing the sampling method after analysis of the data in terms of ML(maximum Likelihood) procedure in AMOS 6.0 was used and the major results are summarized as follows; There are some differences between Korea and China. Also, They show Significant difference in majors. Most koreans majored in engineering but Chinese occupy various fields like business management, engineering, natural science, Humanities, sociology and so on. Therefore venture capital or venture business which want to expand business into china have to grasp Chinese venture companies's new high-technology or different technology characteristics that can have disadvantages. Also domestic ventures business pursue technology differentiation, research development and so on. Relatively, Chinese ventures emphasize production and cost savings. So, Their cooperation will be possible to advance into global markets. Third, Questionnaires used in domestic will need more detailed analysis to target china venture companies. In addition, This study has limitations to reveal the characteristics of venture business in China and Korea. because it shows the difficulties of Data collection for chinese venture business and Researchers seems that limitations in understanding the Chinese language. so, In order to overcome this problem, Researchers in Korea and China have to write and plan questionnaires together. It seems that they need International cooperative research. To ensure the measurement equivalence when the questionnaire was converted from Korean to Chinese, the questionnaire was pretested in China and was back-translated. Most of the Chinese venture companies were founded by highly educated entrepreneurs. We found significant differences between Chinese and Korean ventures in terms of success factors and managerial characteristics. There were many research for venture business in many other countries, but there was little empirical study focuses on Korea ventures business and China ventures business Significant differences were found in the risk-taking of entrepreneur, environmental characteristics, competitive strategies. Most of the Chinese venture businesses were founded by highly educated entrepreneurs. Differential environmental opportunities have a possibility of motivating entrepreneurs to operate actively firm. But they were always accompanied with many threat factors of business area. An entrepreneur's risk-taking was reported to affect reversely the performance of venture business in China. An environmental uncertainty offers new insights into the characteristic of venture firms in an institutional environment. From the view of environment-strategy cost leadership was accounted as an more important strategy than technology innovation differentiation strategy.