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Interplay of entrepreneur, government, and industry in the development of ventures : The case of emerging IT industry in Korea

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  • Interplay of entrepreneur, government, and industry in the development of ventures
  • Choi, Youngkeun; Kim, JeongYeon
  • Springer Nature


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Title Interplay of entrepreneur, government, and industry in the development of ventures
Similar Titles
Sub Title

The case of emerging IT industry in Korea

Material Type Articles
Author(English)

Choi, Youngkeun; Kim, JeongYeon

Publisher

Berlin, Germany : Springer Nature

Date 2013-02
Journal Title; Vol./Issue EURASIP Journal on Wireless Communications and Networking:vol.49
Pages 7
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Entrepreneurship
Government and Law < Public Administration
Holding Springer Nature
License

Abstract

This article examines how an entrepreneur’s strategic choice influences corporate development leading to the initial public offering. The data come from Korean startups in information technology industry. We 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.