ICT 벤처기업 성장단계별 정부지원의 효과 분석

In this research, I figure out the effect of government supports on ICT venture firms in Korea by their development stage. In particular, I set up three criteria for the development stage of ICT venture firms: products, organization, and firm age. According to the criteria, firms can be on early stage, developing stage, and mature stage. I analyze how sales and employment growth of ICT venture firms in each stage can be affected by government supports such as funds, research and development (R&D), tax, and so on. It turns out that most of government supports do not improve sales and employment growth of ICT venture firms in their early and developing stages by products and organization criteria. However, sales growth of firms in developing stage by organization criterion can be improved by R&D support. By firm age criterion, firms in early stage increase their sales growth by R&D support and their employment growth by fund support significantly. In addition, firms in developing stage improve their sales growth significantly by marketing support. In the following analysis, I examine whether newly supported venture firms can be positively affected by government support. It turns out that marketing, R&D, and other supports significantly increase firms’ sales growth. In addition, the sales growth of developing venture firms can be raised significantly by marketing support. Moreover, fund and R&D supports positively affect sales and employment growth of developing venture firms as well.