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

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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))

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.

Suggested Citation

  • Seungku Ahn & Juil Kim, 2019. "The Effect of Managerial Characteristics on the Performance of Technology-Based Start-ups in Korea," International Journal of Global Business and Competitiveness, Springer, vol. 14(1), pages 11-23, December.
    • Handle: RePEc:spr:ijogbc:v:14:y:2019:i:1:d:10.1007_s42943-019-00001-4
    DOI: 10.1007/s42943-019-00001-4
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    2. Krishna Satyanarayana & Deepak Chandrashekar & Bala Subrahmanya Mungila Hillemane, 2021. "An Assessment of Competitiveness of Technology-Based Startups in India," International Journal of Global Business and Competitiveness, Springer, vol. 16(1), pages 28-38, June.
    3. Pradeep Dwivedi & Jawaher Ibrahim Alabdooli & Rajeev Dwivedi, 2021. "Role of FinTech Adoption for Competitiveness and Performance of the Bank: A Study of Banking Industry in UAE," International Journal of Global Business and Competitiveness, Springer, vol. 16(2), pages 130-138, December.
    4. Ebrahim Mohammed Al-Matari & Mahfoudh Hussein Mgammal & Mushari Hamdan Alosaimi & Talal Fawzi Alruwaili & Sultan Al-Bogami, 2022. "Fintech, Board of Directors and Corporate Performance in Saudi Arabia Financial Sector: Empirical Study," Sustainability, MDPI, vol. 14(17), pages 1-23, August.

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