벤처경영연구9권3호 (2006년 11월)
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Venture Companies with Higher Export Performance and Lower Performance: A Descriptive Comparative Analysis
- - Kim Jooheon (Sookmyung Women's University)
This study empirically compared various characteristics of venture companies with higher export performance and those with lower performance using mail survey data from 167 Korean venture companies. The results show that CEOs of venture companies with higher export performance have more aggressive attitudes toward exports. Venture companies with higher performance were found to have more international experience, to adapt their product and promotion strategies more actively to local environments, and to use their own brands, vis-a-vis OEM brands, to a more degree than those with lower export performance. They also tend to build and use more external networks with other institutions than those with lower performance.
Economic Issue in Online Game Management: a Case of Qplay
- - Ryu Sungil (Yonsei University)
- - Park Sunju (Yonsei University)
As the virtual economy inside online games grows, it becomes critical to understand the workings of virtual economy and the interplay between virtual economy and real-world economy. As a first step toward this goal, this paper examines the economic activities inside Qplay, one of the oldest online games in Korea, and analyzes the impacts of the virtual economy on the players’ incentives to continue playing the game and on the profitability of the game company. Our preliminary study reveals the following. First, a major program glitch of the game, if happens, makes the cyber-money exchange more risky, and thus results in the devaluation of cyber-money. Second, the shortage of cyber-money in circulation reduces the players’ fun factor. On the other hand, the oversupply of cyber-money reduces the players’ monetary incentives to play the game and causes the market values of game items to depreciate. Third, the excess supply of game itemscauses the amount of items on sale at game-item marketplaces to increase, which results in either the drop in sales of the game company or the increase in the amount of cyber-money in circulation.
A study on the tax buren of venture firms
- - Song Hyuck Jun (Duksung University)
- - Kim Yi Bae (Soongsil University)
- - O Oung Rak (Bucheon College)
- - Choi Jong Uk (Soongsil University)
This study examines whether the tax-support policy for small venture firms is effective by testing the difference of tax buren and tax benefit among venture firms and non-venture firms and non-small firms. The sample listed firms with December fiscal year are included and investigated by different analysis and regression analysis during 1999 and 2005.
our main results are as follows:
First, the analysis of difference in tax burden among three different groups - venture firms, non-venture firms, non-small firms - shows that venture firms have less tax burden and more tax benefit than other groups.
Second, the analysis of whether small firm or not influences on the tax burden, controlling firm-characteristic variables related with tax burden ratio by using effective tax rate as a dependent variable suggests the same results.
Third, the analysis of whether there is significant difference in tax burden depending on different firm groups shows that firm size variable of venture firms and non-small firms has a significant positive coefficient while the non-small firms has no significant value. In addition, debt ratio of venture firms is not statistically significant.
The contributions of this study lie in that it empirically test whether venture firms which belong to small firms experience the lower tax burdens through the double tax benefit policy, which verifies the effectiveness of current tax support policy for the venture firms.
A Comparative Study of Korean and Chinese Venture Firms
- - Chang Sooduck (Hannam University)
The purpose of this research is to compare Korean and Chinese venture firms, so as to identify the characteristics of both countries ventures at exploratory level. For the study, the questionnaire which was previously tested on 116 Korean venture firms to identify the characteristics of Korean venture firms was translated from Korean to Chinese, and then back-translated to Korean to ensure consistency between the two versions. 93 venture firms in Northern China were surveyed, so this research tested on 93 Chinese venture firms and 116 Korean firms. To compare the ventures of these two nations, this study used research framework in terms of entrepreneur, environment, strategy, organizational structure, and capabilities. As a result, this research found several differences between Chinese and Korean venture firms. Discussions and limitations of this paper are presented in conclusions section.
The Key Success Factors of Technology Transfer: A Comparative Case Study of Korea and U.S. S/W Copyright Intermediaries
- - Yukun Hahm (Konkuk University)
- - Seogjun Lee (Konkuk University)
- - Joon M An (Konkuk University)
- - Chisun Cho (Konkuk University)
Despite the number of newly registered software copyright increasing every year, the exchange of s/w copyright, as a technology, is still progressing slowly. S/W copyright, if acquired outside, could be the driver of innovation of an organization, realizing so called 'open innovation'. This case study examines the critical success factors of software copyright exchange by agent institutions who intermediate transactions between the owners of s/w copyright and the buyers of the right. A comparative analysis of Korean cases and US. cases reveals that five factors are required for market intermediaries to make s/w copyright exchange work effectively: (1) approaching from the perspective of fulfilling buyer's business needs rather than protecting owner's copyright, (2) dealing with all intellectual property rights, rather than s/w copyright only, (3) providing a fair valuation capability of s/w copyright, (4) transferring technology from government and university research institutions as well as business institutions, and (5) balancing act between online search & match and offline contract fulfillment.
A study on the marketing revitalization strategy for promoting small and medium sized venture Business
- - Chang Seog Ju (Honam University)
This study analyzed domestic venture firms in business incubator in terms of marketing activities, identified weaknesses and improvements, and finally derived the direction to focus on. We analyzed these marketing issues along the four core activities; (1) characteristics and competitiveness of business, (2) marketing activities, (3) governmental marketing subsidy, (4) foreign marketing. In order to achieve the above objectives, we performed a sample survey including 1,031 ventures in business incubator provided by KOBIA.
Based on the survey analysis, we devised how to revitalize marketing activities of ventures in business incubator in the level of incubating business and governmental subsidy. The current study is significant in that its empirical findings could help venture incubating managers to improve marketing competence of incubating ventures and this in turn help them to increase competitiveness of incubating business. Our findings will provide some insights with both incubating managers and venture business for enhancing their marketing abilities and government policy makers for increasing their understanding of how to help ventures grow.
The Influence of the Financial Support on BIC has on the Management Results
- - Park Gyungju (Inchon city College BI)
The results of analyzing on the financial support and operating results about 9 bic organs in inchon area are following. first, analyzing supports in business for bic and operating results, it showed, the more the sales increase, the more the number of hired people in operating results increases. second, by the increasement and decrease of support about bic increases or decrease, the correlation between change of employment number and the sales was showed. third, as a result of analyzing on the management results about national and municipal support costs and self-costs, it indicates, the more the national and municipal support costs is, the higher the make-work effect is, and the more the support of self-charge is, the more the export amount is likely to increase. in this sense, this study suggests that the evaluation control of the support about bic was performed more strictly focusing the outer activites, size and fame.