A Study on the Influence of Youth Startup Support Project in Gangwon-do Province on Startup Performance

강원도 청년창업 지원사업이 창업성과에 미치는 영향에 관한 연구

  • Yun, Jiwon (The Graduate School of G. B. Entrepreneurship, Yonsei University) ;
  • Park, Woojin (College of Government & Business, Yonsei University) ;
  • Bae, Byung Yun (College of Government & Business, Yonsei University)
  • 윤지원 (연세대학교 정경.창업대학원 창업학전공) ;
  • 박우진 (연세대학교 정경대학 경영학부) ;
  • 배병윤 (연세대학교 정경대학 경영학부)
  • Received : 2020.03.10
  • Accepted : 2020.06.23
  • Published : 2020.08.31

Abstract

As youth employment has become a social issue every year, the government is pushing for policies to support youth start-ups to create jobs voluntarily as a way to enhance the youth employment rate. In the case of young people in Gangwon Province, the number of people moving to other regions is increasing. This research is intended to empirically analyze the actual achievements of youth start-ups through the 'Youth Start-up Project' in Gangwon-do. It was divided into four categories: participation in government support, education completion, intellectual property right retention, and certification retention, which are characteristics of start-up companies, and hypotheses that they will have a positive impact on start-up performance (sales amount, duration of existence, or whether they are retained or not). Age and geographical factors (Yeongdong and Yeongseo) were injected as control variables to see how they affect them. Furthermore, empirical analysis was conducted by setting up a hypothesis that the characteristics of start-up companies and subsequent support between start-up performance would have a positive intermediary effect. The research results showed that the remaining characteristics, except for education completion, had a positive impact on sales, and that the more participation in government projects, the longer the duration of the company's existence. In addition, the level of participation in government support projects was significant in the direction of the government. The analysis results of the parameter, follow-up support, had a positive impact on the start-up performance, and the subsequent support mediating effect showed the mediating effect of the start-up performance, except for geographical factors. The results of this study suggest the need for customized support suitable for the characteristics of youth start-ups in order to enhance the performance of young start-ups. Support agencies need to refer to corporate characteristics for smooth management and selection. In the Gangwon-do area, the government should seek to provide timely and organic support for start-up companies in order to produce successful start-up cases.

청년취업은 매해 사회적인 이슈가 되면서 정부에서는 청년취업률 제고방안으로 자발적인 일자리 창출을 위하여 청년창업 지원정책을 추진 중에 있다. 강원지역의 청년들의 경우 타 지역으로 전출하는 인구수가 높아지고 있는 실정이다. 본 연구는 강원도에서 추진 중인 '청년 창업 프로젝트'를 통해 실질적으로 청년 창업에 어떤 성과를 보였는지 실증적으로 분석하고자 한다. 창업기업의 특성인 정부지원 참여도, 교육이수 정도, 지식재산권 보유정도, 인증 보유정도인 4가지로 분류하고 창업성과(매출액, 존속기간, 존폐여부)에 긍정적인 영향을 미칠 것이라고 가설을 설정하였다. 통제변수로 나이와 지리적 요인(영동·영서)으로 투입하여 어떠한 영향을 미치는지 알아보았다. 나아가, 창업기업 특성과 창업성과 간의 후속지원이 긍정적인 매개효과를 나타낼 것으로 가설을 설정하여 실증분석 하였다. 연구결과는 교육이수를 제외하고 나머지 특성은 매출액에 긍정적인 영향을 미쳤고, 정부사업 참여도가 많을수록 기업 존속기간이 긴 것으로 나타났다. 그리고 기업의 존폐여부에 대해서는 정부지원사업 참여도가 정(+)의 방향으로 유의한 결과를 보였다. 매개변수인 후속지원에 대한 분석결과는 창업성과에 긍정적인 영향을 미쳤고 후속지원 매개효과에서는 지리적 요인을 제외한 나머지 특성 모두 창업성과간의 매개효과가 나타났다. 본 연구결과를 통해 청년 창업기업의 성과제고를 위하여 (예비)청년창업자 특성에 적합한 맞춤형 지원의 필요성을 시사하고 있다. 창업지원기관에서는 원활한 기업 관리와 선정을 위하여 기업 특성들을 참고해볼 필요성이 있다. 강원도지역에서는 성공적인 창업사례를 도출하기 위하여 창업기업의 시기별 유기적 연계지원을 강구해야할 것이다.

Keywords

References

  1. Acs, Z. J., & Plummer, L. A.(2005). Penetrating the "knowledge filter'' in regional economies. The Annals of Regional Science, 39(3), 439-456. https://doi.org/10.1007/s00168-005-0245-x
  2. Aghion, P., & Howitt, P.(1990). A model of growth through creative destruction. National Bureau of Economic Research, 1(1), 3223.
  3. Barney, J.(1991). Firm resources and sustained competitive advantage. Journal of management, 17(1), 99-120. https://doi.org/10.1177/014920639101700108
  4. Barr, S. H., Baker, T. E. D., Markham, S. K., & Kingon, A. I.(2009). Bridging the valley of death: Lessons learned from 14 years of commercialization of technology education. Academy of Management Learning & Education, 8(3), 370-388. https://doi.org/10.5465/AMLE.2009.44287937
  5. Bhuiyan, M. F., & Ivlevs, A.(2019). Micro-entrepreneurship and subjective well-being: Evidence from rural Bangladesh. Journal of Business Venturing, 34(4), 625-645. https://doi.org/10.1016/j.jbusvent.2018.09.005
  6. Becker, G. S.(1975). Human capital: a theoretical and empirical analysis. with special refence to education.
  7. Carland, J. W., Hoy, F., Boulton, W. R., & Carland, J. A. C.(1984). Differentiating Entrepreneurs from Small Business Owners: A Conceptualization. Academy of Management Review, 9(2), 354-359. https://doi.org/10.5465/amr.1984.4277721
  8. Chen, M. H.(2007). Entrepreneurial leadership and new ventures: Creativity in entrepreneurial teams. Creativity and Innovation Management, 16(3), 239-249. https://doi.org/10.1111/j.1467-8691.2007.00439.x
  9. Chun, D. P.(2018). The Effect of Characteristics of Entrepreneur on Venture Business Managerial Performance: By Separating the Duration of Firms Survival. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 13(4), 1-12. https://doi.org/10.16972/apjbve.13.4.201808.1
  10. Chung, D. H., Lee, G. P., & Shin, J. H.(2019). The Influences of Intellectual Property-based Entrepreneurship on major Entrepreneurial Performance. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 14(3), 1-11.
  11. Covin, J. G., & Slevin, D. P.(1990). New Venture Strategic Posture,Structure, and Performance: An Industry Life Cycle Analysis. Journal of Business Venturing, 5(2), 123-135. https://doi.org/10.1016/0883-9026(90)90004-D
  12. DeCarolis, D. M., & Deeds, D. L.(1999). The impact of stocks and flows of organizational knowledge on firm performance: An empirical investigation of the biotechnology industry. Strategic management journal, 20(10), 953-968. https://doi.org/10.1002/(SICI)1097-0266(199910)20:10<953::AID-SMJ59>3.0.CO;2-3
  13. Dickson, P. R.(1996). The Static and Dynamic Mechanics of Competition: a Comment on Hunt and Morgan's Comparative Advantage Theory. The Journal of Marketing, 102-106.
  14. Gangwon Province(2017). Gangwon Statistical Information. Retrieved (2020.4.26.) from http://stat.kosis.kr/statHtml_host/statHtml.do?orgId=211&tblId=DT_A21&conn_path=I3.
  15. Go, B. S., Yong, S. J., & Lee, S. C.(2003). An Empirical Study on the Determinants of New Venture Performance. The Korean venture management review, 6(2), 3-33.
  16. Hong, H. S., & Seol, B. M.(2013). Effects of Entrepreneurship Education and Students' Business Incubation Club on Youth Start-ups. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 8(2), 141-151. https://doi.org/10.16972/apjbve.8.2.201306.141
  17. Hwang, I. K., Lee, W. J., & Kim, D. H.(2017). A Study on the Impact of Entrepreneurship and Experience on the Firm's Performance in Manufacturing Industry. Journal of the Korea Entrepreneurship, 12(4), 189-214. https://doi.org/10.24878/tkes.2017.12.4.189
  18. Jeon, I. H.(2012). Established business start: up support Impact on The youth of business performance. Journal of Digital Convergence, 10(11), 103-114. https://doi.org/10.14400/JDPM.2012.10.11.103
  19. Kierulff, H. E.(2005). Entrepreneurship education in Poland: Findings from the field. Human Factors and Ergonomics in Manufacturing & Service Industries, 15(1), 93-98. https://doi.org/10.1002/hfm.20015
  20. Kim, H. C.(2019). A Study on the Factors Affecting the Revenue in Seoul's Side Street Trade Areas. The Seoul Institute, 20(1), 117-134.
  21. Kim, H. S., & Park, B. J.(2009). The Demand Level for Business Start-up Education and Willingness of Starting a Business of College Students. Journal of the Korean Entrepreneurship Socieity, 4(4), 139-165. https://doi.org/10.24878/TKES.2009.4.4.139
  22. Kim, I. S., Kim, S. H., & Kim, Y. M.(2011). The Effect of the Inno-biz Certificate on Management Performance: in the KOSDAQ Market. Accounting information review, 29(1), 183-210.
  23. Kim, I. S., & Kim, W. B.(2013). A Study on Effects of R&D Investment and Technological Innovation Ability of Inno-Biz Companies on Corporate Performances. The Journal of Business Education, 27(2), 137-160.
  24. Kim, J. H.(2014). Regional Disparity in Gangwon-do since Financial Crisis: A Comparative Analysis on the Pattern and Path of Regional Growth. Journal of Social Science, 53(1), 3-36.
  25. Kim, M. S., Hwang, B. Y., & Kim, H.(2010). A Study on Influence to Business performance of business incubator company via CEO's Characteristics. Asia-Pacific journal of business and venturing, 5(2), 33-57.
  26. Kim, Y. S., Gyu, H. W., & Su, Y. J.(2003). On the Determinants of Merger and Liquidation of Korean Companies. Journal of the Korean Econometric Society, 14(4), 1-24.
  27. Kirzner, I. M.(1997). Entrepreneurial discovery and the competitivemarket process: An austrian approach. Journal of EconomicLiterature, 35(1), 60-85.
  28. Korea Technology Finance Corporation(2014). An Analysis of the Survival and Impact Factors of Technology Guarantee Fund Support Companies. 4(2), 152-179.
  29. Kuratko, D. F. (2016). Different entrepreneurial ventures for greater societal value: A portfolio approach to assist public policy. The Antitrust Bulletin, 61(4), 546-560. https://doi.org/10.1177/0003603X16673949
  30. Kwak, K. T., Cheon, Y. J., & Choi, S. K.(2018). Performance Analysis on Types of Startup Promotion Policy: Focusing on Supporting Programs, Targets, andMode. Innovation studies, 13(2), 83-103. https://doi.org/10.46251/INNOS.2018.05.13.2.83
  31. Lee, C. G., & Seo, Y. W.(2018). A Study on the Revitalization Plans of Entrepreneurship in Young Adults through the Analysis of Local Entrepreneurial Ecosystem: Focusing on Entrepreneurship Program Participants in Daejeon Area. Journal of the Korean Entrepreneurship Socieity, 13(6), 182-207. https://doi.org/10.24878/tkes.2018.13.6.182
  32. Lee, J. H.(2006). Location factors and spatial networks of enterprises established in and around DaeJeon. The Institute For Korean Regional Studies.
  33. Lee, K. S., & Park, S. H.(2019). Geographical Characteristics of Business Start-up and Closing Business according to the Type of Industry. Journal of the Economic Geographical Society of Korea, 22(2), 178-195. https://doi.org/10.23841/egsk.2019.22.2.178
  34. Lee, S. C.(2014). Youth Startup Firms: A Case Study on the Survival Strategy for Creating Business Performance. Journal of Distribution Science, 12(6), 81-88. https://doi.org/10.15722/jds.12.2.201402.81
  35. Lee, S. J., & Hwang, B. Y.(2010). Exploratory study on a psychological traits changes by entrepreneurship short-term education. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 5(1), 19-44. https://doi.org/10.16972/apjbve.5.1.201003.19
  36. Lee, Y. H., Hong, K. P., Jeong, Y. S., & Park, S. H.(2016). Developing entrepreneurship education strategy for venture's successful startup. Enterprise Education Research, 18(1), 133-157.
  37. Mann, R. J., & Sager, T. W.(2007). Patents, venture capital, and software start-ups. Research Policy, 36, 193-208. https://doi.org/10.1016/j.respol.2006.10.002
  38. Marshall. A.(1890). Principles of Economics. The Macmillan Company: NY
  39. Murphy, L. M., & Edwards, P. L.(2003). Bridging the valley of death: Transitioning from public to private sector financing. Golden, CO: National Renewable Energy Laboratory.
  40. Na, S. G.(2016). A Study on the Structural Relationship among Entrepreneurial Characteristics, Success Factors and Performances of Small Business Start-up Founders. Management & Information Systems Review, 35(4), 251-268.
  41. Park, H. R., & Oh, H. S.(2016). Lessons from Experience of Entrepreneurs. Journal of Corporate Education and Talent Research, 18(1), 85-112.
  42. Park, J. W., Choi, M. G., & Kim, Y. T.(2010). An Empirical Study on Factors Affecting Educational Performancein Entrepreneurship Education-Focused on Short Program of Local Government. Journal of the Korea Academia-Industrial cooperation Society, 11(3), 1085-1094. https://doi.org/10.5762/KAIS.2010.11.3.1085
  43. Park, W. M., & Choi, S. Y.(2014), The Impact of Work Experience of Related Domain on the 'Good Quality Startup' : K-Ventures Case Study. Asia-Pacific journal of business and venturing, 9(5), 141-155.
  44. Patel, P. C., Wolfe, M. T., & Williams, T. A.(2019). Self-employment and allostatic load. Journal of Business Venturing, 34(4), 731-751. https://doi.org/10.1016/j.jbusvent.2018.05.004
  45. Pontikes, E. G., & Hannan, M. T.(2014). An ecology of social categories. Sociological science, 1, 311-343. https://doi.org/10.15195/v1.a20
  46. Roure, J. B., & Maidique, M. A.(1986). Linking Prefunding Factors and High-Technology Venture Success: An Exploratory Study. Journal of Business Venturing, 1(3), 295-306. https://doi.org/10.1016/0883-9026(86)90006-6
  47. Ryu, J. Y., Nam, J., & Yi, C. H.(2014). Analysis on the Survival Rate and Impact Factors on Survival Duration for Startup Medium and Small-sized Firms in Seoul. Journal of The Korean Urban Management Association, 27(4), 247-271.
  48. Shane, S., & Venkataraman, S.(2000). The promise of entrepreneurship as a field of research. Academy of management review, 25(1), 217-226. https://doi.org/10.5465/amr.2000.2791611
  49. Shin, S. H., & Kim, M. K.(2013). The Effects of Innovation Type SME Certificates focused on the Financial Performance between the Inno_biz and the Main_biz. Korean Management Consulting Review, 13(3), 193-217.
  50. Siqueira, A. C. O., Webb, J. W., & Bruton, G. D.(2016). Informal entrepreneurship and industry conditions. Entrepreneurship Theory and Practice, 40(1), 177-200. https://doi.org/10.1111/etap.12115
  51. Slater, S. F., & Narver, J. C.(1995). Market Orientation and The Learning Organization. Journal of Marketing, 59(3), 63-74. https://doi.org/10.1177/002224299505900106
  52. Song, C. S., & Park, J. P.(2013). An Study on the Effectiveness of Venture Firm Supporting Policies in Korea. Korean Corporation Management Review, 51, 215-240.
  53. Statistics Korea(2018). National Population Movement Statistics. Retrieved (2019.4.7.) from http://kosis.kr/statHtml/statHtml.do?orgId=101&tblId=DT_1B26B10&conn_path=I3.
  54. Statistics Korea(2018). Economic Activity Population Survey. Retrieved (2019.4.6.) from http://kosis.kr/statHtml/statHtml.do?orgId=101&tblId=DT_1DA7002S&conn_path=I3.
  55. Timmons, J.(1994). New Venture Creation; Entrepreneurship for The 21st Century. 4th Edition. Boston. Macgraw-Hill.
  56. Timmons, J. A., Muzyka, D. F., Stevenson, H. H., & Bygrave, W. D.(1987). Opportunity recognition: the core of entrepreneurship. Frontiers of Entrepreneurship Research, 7, 109-123.
  57. Venkatraman, N., & Ramanujam, V.(1986) Measurement of Business Performance in Strategy Research: A Comparison of Approaches. Academy of Management Review, 11(4), 801-814. https://doi.org/10.5465/amr.1986.4283976
  58. Wallsten, S. J.(2001). An econometric analysis of telecom competition, privatization, and regulation in Africa and Latin America. The Journal of industrial economics, 49(1), 1-19. https://doi.org/10.1111/1467-6451.00163
  59. Weick, K. E.(1996). Drop your tools: An allegory for organizational studies. Administrative science quarterly, 301-313.
  60. Yi, H. D.(2009). The Relation between R&D Cuts of Venture Firms and Future Financial Performance. Accounting information review, 27(4), 275-298.
  61. You, Y. Y., & Roh, J. W.(2011). Analysis of Difference in Effect of Venture Certification and Innobiz Certification of Manufacturing Venture Enterprise. Journal of Korea Technology Innovation Society, 14(1), 1000-1023.