The effect of managerial characterristics on the performance of technology-baseed start-ups in Korea

Abstract

This study analyzed how managerial characteristics affected the performance of technology-based start-ups in Korea. This study conducted a multiple regression on 248 start-ups that were established on a technology basis. According to the study, gender, education and career of entrepreneur did not affect the firm performance. The entrepreneurship does not affect financial performance, but innovativeness and progressiveness have positive effects on non-financial performance among the sub-factors of entrepreneurship. However, risk-taking has a limited impact on product competitiveness and non-financial performance of early growth period, and it has a low correlation with firm performance. These findings suggest the need to foster specialized education for senior CEO, and promote the entrepreneurship culture of risk-taking.