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Determinants for the success of regional ICT ventures: a close examination of South Korea.

Park E, Kim KJ, Kwon SJ, Ohm JY, Del Pobil AP, Yoo K - Springerplus (2016)

Bottom Line: This study identifies the key motivational factors in enhancing economic performance and increasing new job opportunities for information and communication technology ventures (ICTVs) in South Korea and examines their potential causal relationships through structural equation modeling analysis on data collected from over 200 ICTVs located in Daedeok Innopolis.The results indicate that the economic performance of ICTVs is determined mainly by government support, innovation effort, and private equity and support.Government support and innovation effort are also positively associated with new job opportunities.

View Article: PubMed Central - PubMed

Affiliation: Korea Institute of Civil Engineering and Building Technology (KICT), Goyang, Republic of Korea.

ABSTRACT

Background: This study identifies the key motivational factors in enhancing economic performance and increasing new job opportunities for information and communication technology ventures (ICTVs) in South Korea and examines their potential causal relationships through structural equation modeling analysis on data collected from over 200 ICTVs located in Daedeok Innopolis.

Results: The results indicate that the economic performance of ICTVs is determined mainly by government support, innovation effort, and private equity and support. Government support and innovation effort are also positively associated with new job opportunities.

Conclusions: The theoretical, industrial implications of the key findings, and recommendations for the Korean government are discussed.

No MeSH data available.


Summary of the research model
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Mentions: As Fig. 2 and Table 7 show, all hypotheses were supported except H4. The economic performance of ICTVs was determined by government support (H5, β = 0.329, p < 0.001), innovation effort (H1, β = 0.243, p < 0.001), and private equity and support (H3, β = 0.144, p < 0.05). New job opportunities were influenced by two factors—government support (H6, β = 0.284, p < 0.001) and innovation effort (H2, β = 0.225, p < 0.01). However, private equity and support did not have a significant effect on job creation (H4, p > 0.05); 24.2 % of the variance in job creation was explained by innovation effort and government support, while government support, innovation effort, and private equity and support explained 28.8 % of the variance in ICTVs’ economic performance.Fig. 2


Determinants for the success of regional ICT ventures: a close examination of South Korea.

Park E, Kim KJ, Kwon SJ, Ohm JY, Del Pobil AP, Yoo K - Springerplus (2016)

Summary of the research model
© Copyright Policy - OpenAccess
Related In: Results  -  Collection

License
Show All Figures
getmorefigures.php?uid=PMC4940321&req=5

Fig2: Summary of the research model
Mentions: As Fig. 2 and Table 7 show, all hypotheses were supported except H4. The economic performance of ICTVs was determined by government support (H5, β = 0.329, p < 0.001), innovation effort (H1, β = 0.243, p < 0.001), and private equity and support (H3, β = 0.144, p < 0.05). New job opportunities were influenced by two factors—government support (H6, β = 0.284, p < 0.001) and innovation effort (H2, β = 0.225, p < 0.01). However, private equity and support did not have a significant effect on job creation (H4, p > 0.05); 24.2 % of the variance in job creation was explained by innovation effort and government support, while government support, innovation effort, and private equity and support explained 28.8 % of the variance in ICTVs’ economic performance.Fig. 2

Bottom Line: This study identifies the key motivational factors in enhancing economic performance and increasing new job opportunities for information and communication technology ventures (ICTVs) in South Korea and examines their potential causal relationships through structural equation modeling analysis on data collected from over 200 ICTVs located in Daedeok Innopolis.The results indicate that the economic performance of ICTVs is determined mainly by government support, innovation effort, and private equity and support.Government support and innovation effort are also positively associated with new job opportunities.

View Article: PubMed Central - PubMed

Affiliation: Korea Institute of Civil Engineering and Building Technology (KICT), Goyang, Republic of Korea.

ABSTRACT

Background: This study identifies the key motivational factors in enhancing economic performance and increasing new job opportunities for information and communication technology ventures (ICTVs) in South Korea and examines their potential causal relationships through structural equation modeling analysis on data collected from over 200 ICTVs located in Daedeok Innopolis.

Results: The results indicate that the economic performance of ICTVs is determined mainly by government support, innovation effort, and private equity and support. Government support and innovation effort are also positively associated with new job opportunities.

Conclusions: The theoretical, industrial implications of the key findings, and recommendations for the Korean government are discussed.

No MeSH data available.