ScholarWorks@숙명여자대학교

초록

Innovative venture firms have contributed to the economy by achieving good financial performance and creating new jobs in the labour market. In this process, the government has played crucial roles in building an entrepreneurial environment and financially supporting the venture firms. This research aims to explore how the innovation activities of venture firms and government support affect firm performance and new job creation. A total of 488 venture companies in South Korea were selected to test the hypotheses of this study. Results indicate that marketing and managerial innovations, as well as government support, play positive roles as the key elements for good firm performance and new job creation. Technological innovation, however, exhibits notable positive effects on new job creation, although it was not significantly related to firm performance. The theoretical contributions and practical implications of this research are discussed based on the results.

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