How the Strategic Choice of an Entrepreneur and Government Support Influence Corporate Development

다국어 초록 (Multilingual Abstract)

This paper exammes how an entrepreneur's strategic choice influencescorporate development leading to the initial public offering. The data comefrom Korean startups in information technology industry. Vie consider the dynamic interplay between an entrepreneur's attributes and government's institutional support as key factors. An empirical analysis of 615 listed companies shows that an entrepreneur's attributes play a significant role In market entry especially in information technology industry which tends to have shorter lead time to the initial public offering. Government certification and venture capital investment also facilitated corporate growth toward the public company status.

목차 (Table of Contents)

• Ⅰ. Introduction 2
• Ⅱ. Theoretical Background and Hypothesis 3
• 1. The Entrepreneur's Managerial Background and strategic Choice 5
• 2. Efficiency of Information Technology Industry and Government Support 10
• Ⅲ. Methods 13
• 1. Sample 13
• 2. Variables 13
• 3. Analyses 13
• Ⅳ. Results 14
• 1. Establishment of Information Technology Industry : Logistic Regression Analysis 15
• 2. Effect on the Time to IPO: Survival Analysis 17
• V. Conclusion 19