벤처기업 입지결정 요인에 관한 연구

This study investigates the influence of economic and non-economic factors on the geographical location of venture companies. Hypotheses that these entities have a spatially specific pattern and will aggregate in a particular region were presented. Using spatial regression models, 33,819 venture companies were analyzed nationwide. Results show that spatial autocorrelation influenced the location of venture companies, and thus, spatial regression models such as SLM, SEM, and SDM could be used. According to the analysis, among the economic factors, localization and urbanization economies had a positive influence on the location of venture companies in the region. Other economic factors such as knowledge creation activities, urbanization rates, and financial independence positively influence the localization of venture companies. However, the LQ index of manufacturing industries in adjacent regions influences the localization of venture companies in the region negatively, whereas the diversity of industrial structures influences the localization of venture companies positively. These results can also be found through the analysis of the direct and indirect effects. That is, these results indicate that the localization and urbanization economies in the surrounding regions have different effects on the localization of venture companies in the region. In addition, the green area per capita was shown to be a positive indirect effect. In summary, factors that directly influence venture positions in the region, positively were localization, urbanization, patent applications, financial independence, and urbanization rates, whereas factors that indirectly influence venture positions positively were urbanization economy and green area per capita.