베트남 빈증성 지역 진출 한국 자회사의 누적 생존율 및 영향 요인 분석

Abstract

In recent years, Vietnam has continued to attract foreign investment and has joined the Trans-Pacific Strategic Economic Partnership (TTP) and various trade agreements. In particular, since the Korea-Vietnam FTA came into effect in 2015, both the investment and trade volume between Korea and Vietnam have been rapidly increasing. Considering that overseas exits are on the rise in investment in Korea and Vietnam, the survival factors of subsidiaries need to be analyzed. The purpose of this study is to estimate the cumulative survival rate of Korean subsidiaries and analyze the factors affecting the survival rate of subsidiaries through data analysis of 435 Korean subsidiaries that entered in Binh Duong Province between 2005 and 2015. The Kaplan-Meier method was chosen to perform analyses on survival rate and its affecting factors. As a result, findings of the study showed that the business survival rate by the 5 year operating subsidiaries reached 86% and the 10-year cumulative survival rate was 45 %. The result was higher than those of the previous studies in Korea and Vietnam. An empirical analysis on the survival factors of firms used total six explanatory variables such as characteristics of firm(initial investment size, current size, CEO characteristics, investment type) and, regional characteristics(industrial zone vs general area). As a result, initial investment size and current size, investment type and regional characteristics of subsidiaries was positively related with survival rate. But CEO’s gender and nationality was not related with the survival rate of Korean Subsidiaries in Binh Duong Province.