A Study on the Success of Start-ups Using Systematic Literature Review Method Analysis of research trends

Startups are considered to play an important role in creating jobs, revitalizing the economy, and enhancing national competitiveness. Accordingly, the government's multifaceted efforts have increased the number of startups, but continued advancement in quality is necessary. In order for startups to grow into global companies and play a leading role in leading national economic growth, it is necessary to first clearly identify the various factors necessary for startup success. Accordingly, this study was conducted for the purpose of suggesting implications and future research tasks that can be provided by research trends on startup success by synthesizing previous studies. To this end, a total of 104 domestic documents were collected through a systematic literature review that collected and analyzed existing domestic studies, and the following results were obtained by analyzing the concept of startups and trends in research related to startup success, trends by research period, academic field, and method, trends in research topics, and the relationship with major variables in research. First, research on startup success has been steadily increasing from 3 studies in 2014 to 21 studies in 2023. This is because startups have different characteristics and potential from existing startups based on their innovativeness and rapid growth potential. Second, the fact that startup success research has been conducted in various fields such as society, culture, art, technology, science, and law and published in 50 academic journals suggests that startups play an important role in various industrial ecosystems. Third, the results of analyzing research on startup success based on the ERIS model show that research topics are more biased toward resource and management strategy dimensions. This suggests that resource factors and management strategy factors are recognized as key factors in startup success. However, since startup success is achieved through the mutual influence of various factors, research on founder factors and industrial environment factors should also be conducted in a balanced manner to ensure comprehensive interest in startup success. This study is significant in that it provides useful insights to founders and policymakers who want to continue the direction and growth of future startup research based on these results.