창업팀 특성 및 꽌시 이용도가 창업성과에 미치는 영향에 관한 연구 : 베이징 지역 기술창업기업을 중심으로

Since their first introduction in the early 1980’s in Zhongguancun Technology Park in Beijing, high-tech ventures in China have enjoyed an amazing success. Many researchers have tried to explain this performance, however it is hard to find empirical tests on the contributing factors on this success. Under this backdrop, this study identifies two key success factors (i.e., founding team characteristics and degree of guanxi utilization) through literature review. Specifically, founding team size, age, level of education and member career diversity are selected as founding team characteristics variables, while utilization of guanxi in employment, in public policy and in government relation are chosen as degree of guanxi utilization variables. We empirically test the effect of these factors on the earlier performance of high-tech ventures. The result shows that the founding team age affect the performance of high-tech ventures negatively, whereas the level of education positively. The degree of guanxi utilization in public policy and government relation contribute on the performance, while guanxi in employment which is emphasized as core success factors of Chinese ventures in former studies does not. Explanations and implications are discussed as a conclusion.