Ineffective capital acquisition decisions at start-up may lead to business failure and bankruptcy: a result which is both costly and disruptive to the owners and other stakeholders of the firm. To cope with the risk of failure, owners embark on a variety of risk-reducing activities whereas the...

Despite the need to foster a technology-intensive industry, most Korean SMEs (small and medium-sized enterprises) are faced with the difficulty of raising funds. To resolve this problem, the government set up the technology credit fund to give loans to enterprise that achieve a certain...