Venture Capital is defined as the form of high risk and high profit investment capital growing the small and medium enterprises to competitive ones through capital and management support and collecting the capital. Korean venture capitals specialize business and regional areas instead of diversified investments. This paper investigates the time series analysis using Venture Capital's investment information. The VARMAX model has a convergent representation with the pairs of impulse and responses. The major results of this study are as follows. The sample can be classified into two groups: venture capital-backed firms and nonventure capital-backed firms. In KOSDAQ IPOs market, venture capital could not reduce the information asymmetry between investors and issuing firms. The internal management and operational system of venture capital should be strengthened by quality to that of global venture capital firms.
한국창업학회는 기업가정신, 사회적기업가정신, 조직기업가정신, 국제․지역창업, 기술창업, 문화창업, 비영리창업, 여성창업, 소상공․자영업창업, 중소벤처창업, 창업경영, 창업교육, 창업지원정책, 창업컨설팅, 가족기업, 사회적기업, 벤처캐피탈 등 창업학 및 이와 관련되는 학문의 연구와 적용을 통하여 한국창업학의 발전과 창업정책개발, 국가경제 및 기업의 성장 발전에 기여하며, 회원 상호간의 학술교류와 친목 도모를 목적으로 한다.
간행물
간행물명
한국창업학회지 [Journal of the Korean Entrepreneurship Socieity]