금융환경의 변화에 따른 중소벤처기업의 자금조달 영향요인 인식분석 = The Perception Analysis of Factors Affecting Financing for SMEs and Venture Startups as the Change of Financial Environment

다국어 초록 (Multilingual Abstract)

In order to investigate the factors that affect the financing of small- and medium-sized venture companies in response to changes in the financial environment, this study was divided into two stages. The core suggestions identified by this study suggests are as follows : First, in the first stage of our analysis of variance, factors, such as government policies, housing prices, loan limits, interest rates, bank liquidity and BIS ratio, were found to affect the financing of small-and medium-sized venture companies. Also, our perception gap analysis of different groups of stakeholders, employees and executives of small-and medium-sized venture companies, bank employees in charge of loans, financial housing consultants, and CEO business consultants showed a stronger group perception than employees in charge of credit guarantees. This is believed to have a positive effect on the funding of small-and medium-sized venture companies. The conservative approach of employees in charge of credit guarantees is the cause of their have a low perception. Our empirical analysis of the second stage factors, in this case primary factors, showed that the housing financial environment accounted for 59.2% and the liquidity and BIS ratio of financial institutions accounted for 40.8%. Whilst there was a difference between the perceptions of the two groups, small-and medium-sized venture companies should establish financing plans by responding well to changes in bank liquidity, BIS ratio, government policies, and loan limits. Such an analysis will contribute to the development of the relevant industries by providing a framework of academic theory and suggesting activation ways for the funding of small-and medium-sized venture companies.