A Study on the Impact of Regional Entrepreneurial Ecosystem Factors on Firm Performance : Focused on Companies Supported by the University-Centered Entrepreneurship Program
Myeong Kwan Lee, Jeong Sun Park, In Bang Song, Sang Hyeok Park
언어
영어(ENG)
URL
https://www.earticle.net/Article/A467874
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5,200원
원문정보
초록
영어
This study empirically analyzed the impact of entrepreneurial ecosystem factors, including regional policy, entrepreneurial culture, infrastructure (incubation facilities), investment attraction environment, networks, market exploration, growth, and local attachment, on the firm performance of 75 startups supported by the University-Centered Entrepreneurship Program. The factor analysis results indicated that the eight factors (policy, culture, infrastructure, investment attraction environment, network, market exploration, growth, and local attachment) demonstrated high reliability and validity, distinctly categorized. Correlation analysis revealed significant positive (+) correlations between firm performance and factors such as networks, market exploration, growth, and local attachment. In the multiple regression analysis, infrastructure (β=0.481), networks (β=0.298), growth (β=0.349), and local attachment (β=0.247) were found to have significant positive (+) effects on firm performance. However, entrepreneurial culture unexpectedly exhibited a significant negative (-) coefficient (β=-0.351). Meanwhile, regional policy, investment attraction environment, and market exploration were not statistically significant in this model. These findings suggest that incubation infrastructure, networks, growth strategies, and local attachment directly contribute to short-term improvements in firm performance. On the other hand, entrepreneurial culture and regional policies may exert indirect effects through mediating variables. Therefore, future research should expand the sample and apply structural equation modeling (SEM) to investigate more sophisticated causal relationships. This study holds academic and practical significance by emphasizing the importance of “practical support systems,” “growth strategies,” and “community integration” in designing and managing regional entrepreneurial ecosystem policies and programs.
목차
Abstract 1. Introduction 2. Theoretical Background 2.1 University-Centered Entrepreneurship Program 2.2 Entrepreneurial Ecosystem 2.3 Firm Performance 3. Research Methodology 3.1 Research Model and Hypothesis Development 3.2 Research Subjects and Sampling Design 3.3 Operational Definitions of Variables and Measurement Tools 4. Analysis Results 4.1 Descriptive Statistics 4.2 Factor Analysis and Reliability Analysis 4.3 Correlation Analysis Results 4.4 Regression Analysis Results 5. Interpretation of Results and Discussion 6. Conclusion 6.1 Summary and Contributions 6.2 Policy and Practical Recommendations 6.3 Limitations and Directions for Future Research References
키워드
Entrepreneurial EcosystemFirm PerformanceUniversity-Centered Entrepreneurship ProgramStartup SupportRegional InnovationInfrastructure and NetworkLocal AttachmentEntrepreneurial CultureScale-up StrategyPolicy Impact on Startups
저자
Myeong Kwan Lee [ Senior Researcher, Beautiful Village Research Institute, Gyeongsang National University ]
First Author
Jeong Sun Park [ Professor, Graduate School of Entrepreneurship, Gyeongsang National University ]
Coauthor
In Bang Song [ Professor, Graduate School of Entrepreneurship, Gyeongsang National University ]
Coauthor
Sang Hyeok Park [ Professor, Graduate School of Entrepreneurship, Gyeongsang National University ]
Corresponding Author