The Korean government has made fostering a “creative economy” a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital market is still at an early stage of...

Researchers have completed a few studies to determine if performance differences exist between venture capital-backed firms and nonventure-backed firms.This research attempts to extend this research through further exploration of the following three areas:1) small businesses that performed an...