CORPORATE VENTURE CAPITAL IN EAST ASIA- ANALYSING THE SURVIVAL AND THE PROBABILITY OF GOING PUBLIC OF SOUTH KOREAN PORTFOLIO COMPANIES

Overriding rationale of the study is to analyse the performance of South-Korean portfolio companies that received corporate venture capital funding, focusing on their probability of survival and of going public. The underlying method used is a survival analysis conducted in the form of bivariate life tables, survival functions, and the multivariate Cox Proportional Hazard model. Eight factors are tested for their influence. The data sample contains 370 portfolio companies. The findings suggest a general probability of survival of 81.5 percent while the general probability of going public is computed as 12.6 percent within the first six years after foundation