The Effect of Managerial Characteristics on the Performance of Technology-Based Start-ups in Korea

Seungku Ahn () and Juil Kim ()
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Seungku Ahn: Korea Institute of Science & Technology Evaluation and Planning (KISTEP)
Juil Kim: Korea Institute of Science & Technology Evaluation and Planning (KISTEP)

International Journal of Global Business and Competitiveness, 2019, vol. 14, issue 1, No 2, 23 pages

Abstract: Abstract This study analyzed how managerial characteristics affect the performance of technology-based start-ups in Korea. This study conducted a multiple regression on 248 start-ups that were established on a technology basis. The study finds that gender, education and career of entrepreneur did not affect the firm performance. While founder characteristics do not affect financial performance, innovativeness and progressiveness have positive effects on non-financial performance among the sub-factors of entrepreneurship. However, risk taking has a limited impact on product competitiveness and non-financial performance of the early growth period, and it has a low correlation with firm performance. These findings suggest the need to foster specialized education for senior CEO and promote the entrepreneurship culture of risk taking. A customized support system for entrepreneurs should be established for different industry and each stage of growth.

Keywords: Technology-based start-ups; Technical entrepreneurship; Managerial characteristics; Firm performance; Product competitiveness (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s42943-019-00001-4

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