기술보증기업의 생산성 변화와 결정요인에 관한 연구

This paper examined the productivity of companies that received loan guarantees from KOTEC(Korea Technology Finance Corporation) and analyzed which factors affect productivity changes. The results can be summarized as follows. First, we found that the companies borrow money through loan guarantees by technology at a time when overall productivity declines. Second, we found that the level of productivity improved after receiving technology guarantee. In detail, it seems that the level of productivity is increased by improving internal inefficiency, and the level of productivity is increased through technological change and progress. This may mean that technology guarantees play a role in restoring some of the deteriorated productivity levels, and it can also be seen as helping companies grow by promoting financing. Third, changes in technology level appear to show a time difference of about three years, not a short period, which may mean that technology guarantees should be in the form of long-term guarantees, not short-term guarantees. In the determinant analysis of productivity changes, sales and assets had a negative (-) effect, and it was found to be significant at the 1% level. On the other hand, labor cost was found to have a positive (+) effect and was significant at the 1% level.