TY  - SER
AU  - Heo, In Seok
TI  - Effects of the matching fund program on IPO and bankruptcy o Korea
PY  - 2014///
KW  - Smes
KW  -  Small And Medium-Sized Enterprises
KW  - Kitia
KW  - Logistic Regression
KW  - Psm
KW  - Propensity Score Matching
KW  - Bankruptcy
KW  - Ipo
KW  - Venture Capital
KW  - Mfp
KW  - Matching Fund Program
N2  - Most small and medium enterprises (SMEs) in Korea struggle in financing R&D. Thus, the Korea Core Industrial Technology Investment Association  (KITIA) was established to implement a matching fund program (MFP) to help SMEs with this undertaking. Applicant firms to the MFP are reviewed first based on their technology levels and are required to attract financing from venture capitalists (VCs), before receiving funds from the MFP. This paper, based on KITIAs MFP applicant data from 2001 to 2004, evaluates the performance of the MFP in terms of the success rate of funded SMEs
ER  -