Exploring Entrepreneurial Growth Aspirations: Empirical Evidence of South Korea
Keywords:
Regional economy, Entrepreneurial aspiration, Entrepreneurship, Economic developmentAbstract
All major countries in the world are focusing on economic development through entrepreneurship. In this global trend, Korea has been making efforts to revitalize entrepreneurship by promoting entrepreneurship by region and supporting young entrepreneurship. However, there are many cases in which many policies for supporting start-ups are established and executed without grasping the actual situation of unique start-ups. The purpose of this study is to explore the actual conditions, enthusiasm and promotion plan of Busan, which is a representative local city in Korea. For this purpose, 2000 sample were collected and used for analysis. As a result, it is found that the enthusiasm for entrepreneurship of the entrepreneurs in Busan is slightly lower than metropolitan area or Korean average. This can be confirmed by the degree of utilization of new technology, entrants to new markets, and expected job creation level of entrepreneurial entrepreneurs. Implications for promoting entrepreneurship for regional economic development are discussed.
References
Autio, E., & Pathak, S. (2010). Entrepreneur’s exit experience and growth aspirations. Frontiers of Entrepreneurship Research, 30(5), Article 2.
Bahn Seongsik, seosanggu, Song Gyeongmo, Cho Donghwan, bakjonghae, tea Minseok, Park Jongbok (2013), GEM 2012 Research Report, Small and Medium Business Administration, 1-192.
Barkham, R.(1992), “Regional variations in entrepreneurship: Some evidence from the United Kingdomâ€, Entrepreneurship and Regional Development, 4, 225-244.
Chosun Ilbo (2013), "Hyeon-seok" role model of creative economy is Finland, "April 30th.
Efendic, A., Mickiewicz, T., & Rebmann, A. (2015). Growth aspirations and social capital: Young firms in a post-conflict environment. International Small Business Journal, 33(5), 537–561.
Estrin, S., Korosteleva, J., & Mickiewicz, T. (2013). Which institutions encourage entrepreneurial growth aspirations? Journal of Business Venturing, 28(4), 564–580.
Guesnier, B.(1994), “Regional variations in new firm formation in Franceâ€, Regional Studies, 28(4), 347-358.
Keeble, D. and Walker, S.(1994), “New firms, small firms and dead firms: Spatial patterns and determinants in the United Kingdomâ€, Regional Studies, 28(4), 411-427.
Kim, Young-Hye (2014), "Suggestions for Small and Medium-sized Enterprises in the Age of Creative Economy," Regional Industry Research, 37 (4), 215-236.
Kolk, A., Rivera-Santos, M., & RufÃn, C. (2014). Reviewing a decade of research on the “Base/Bottom of the pyramid†(BOP) concept. Business and Society, 53(3), 338–377.
Lee, Chul-Seung, and Roh Tae-woo (2015), "Impact of Innovative Cluster Support Projects on the Firm Performance," Regional Industry Research, 38 (3), 7-28.
Light, I., & Dana, L. P. (2013). Boundaries of social capital in entrepreneurship. Entrepreneurship Theory and Practice, 37(3), 603–624.
Shinnar, R. S., Giacomin, O., & Janssen, F. (2012). Entrepreneurial perceptions and intentions: the role of gender and culture. Entrepreneurship: Theory and Practice, 36, 465–493.
Sirec, K., & Mocnik, D. (2013). Determinants of growth aspirations: Empirical evidence of the south-eastern European countries. Economic Review – Journal of Economics and Business, XI(1), 3–15.
Stenholm, P., Acs, Z. J., & Wuebker, R. (2012). Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity. Journal of Business Venturing, 28, 176–193.
Storey, D.(1994), Understanding the Small Business Sector, London: Routledge.
Downloads
Published
Issue
Section
License
- Papers must be submitted on the understanding that they have not been published elsewhere (except in the form of an abstract or as part of a published lecture, review, or thesis) and are not currently under consideration by another journal published by any other publisher.
- It is also the authors responsibility to ensure that the articles emanating from a particular source are submitted with the necessary approval.
- The authors warrant that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required.
- The authors ensure that all the references carefully and they are accurate in the text as well as in the list of references (and vice versa).
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
- The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.
