Technology-based entrepreneurship: an analysis based on innovative and efficient economies
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Published:
Mar 31, 2020
Keywords:
Entrepreneurship, Technological base, Efficient, Innovative
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Abstract
This paper analyzes a set of environmental conditions that influence the development of Technology Based Enterprises (TBCs) in innovation-based and efficiency-based economies. The existing literature on this phenomenon is reviewed and data from the Global Entrepreneurship Monitor (GEM) is used. Exploratory factorial analysis is handled out with the application of the Varimax Orthogonal Rotation method. The study concludes that some of the factors identified are influential in certain economic environments for the consolidation of EBT's, particularly in innovative economies.
URL: http://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/883
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Aucanshala Pilatuña, A., Toainga Curay, O., & Carvajal Larenas, P. (2020). Technology-based entrepreneurship: an analysis based on innovative and efficient economies. Bolentín De Coyuntura, (24), 13–22. Retrieved from https://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/883
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Scientific research articles
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The publications of the Boletín de Coyuntura are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0). The Universidad Técnica de Ambato retains the copyright of the published works, and favors and allows the reuse of these, as long as: the authorship and original source of publication is cited, and they are not used for commercial or onerous purposes. The intellectual property of the published articles belongs to the authors.
References
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An, H. J., & Ahn, S. J. (2016). Emerging technologies—beyond the chasm: Assessing technological forecasting and its implication for innovation management in Korea. Technological Forecasting and Social Change, 102, 132-142. https://doi.org/10.1016/j.techfore.2015.06.015
Aportela, I. (2015). La información como recurso estratégico en las empresas de base tecnológica. Revista General de Información y Documentación, 25(2). https://doi.org/10.5209/rev_RGID.2015.v25.n2.51238
Barrientos, E., Quiroz, L., & López, W. (2017). Factores influyentes para el emprendimiento en tecnologías de la información y comunicación para economías de Latinoamérica vs economías de Europa y Norte América. Gestión de la innovación para la competitividad, 1-17.
Bertoni, F., Martt, J., & Reverte, C. (2017). The Impact of Government-Supported Participative Loans on Employment Growth in Entrepreneurial Ventures. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3088072
Binsawad, M., Sohaib, O., & Hawryszkiewycz, I. (2019). Factors impacting techology business incubator Performance. International Journal of Innovation Management, 23(01), 1950007. https://doi.org/10.1142/S1363919619500075
Borini, F., Ribeiro, F., & Miranda, M. (2017). The internationalisation of new technology-based firms from emerging markets. 23-41.
Brüne, N., & Lutz, E. (2019). The effect of entrepreneurship education in schools on entrepreneurial outcomes: A systematic review. Management Review Quarterly. https://doi.org/10.1007/s11301-019-00168-3
Brunet, I., & Alarcón, A. (2004). Teorías sobre la figura del emprendedor. Papers. Revista de Sociologia, 73, 81. https://doi.org/10.5565/rev/papers/v73n0.1108
College, B., & Park, B. (2017). Global Entrepreneurship Monitor report. 155.
Colovic, A., & Lamotte, O. (2015). Technological Environment and Technology Entrepreneurship: A Cross-Country Analysis: Technological Environment and Technology Entrepreneurship. Creativity and Innovation Management, 24(4), 617-628. https://doi.org/10.1111/caim.12133
Cooper, S. (2006). Exploring the pre-entrepreneurial careers of high-technology entrepreneurs. International Journal of Continuing Engineering Education and Life-Long Learning, 16(5), 341. https://doi.org/10.1504/IJCEELL.2006.010957
Costantini, V., & Crespi, F. (2015). European enlargement policy, technological capabilities and sectoral export dynamics. The Journal of Technology Transfer, 40(1), 25-69. https://doi.org/10.1007/s10961-013-9307-x
Cunningham, J. A., Lehmann, E. E., Menter, M., & Seitz, N. (2019). The impact of university focused technology transfer policies on regional innovation and entrepreneurship. The Journal of Technology Transfer. https://doi.org/10.1007/s10961-019-09733-0
De los Ríos, S., Rodríguez, I., & Sáenz, R. (2015). Emprendedores y capital riesgo en España: El caso de Fond-ICO Global. Revista Icade. Revista de las Facultades de Derecho y Ciencias Económicas y Empresariales, 0(94), 31. https://doi.org/10.14422/icade.i94.y2015.002
Díaz, E., Souto, J., & Tejeiro, M. (2013). Nuevas empresas de base tecnológica. Netbiblo, S. L. https://www.madrimasd.org/uploads/informacionidi/biblioteca/publicacion/doc/Nebts3.pdf
Etemad, H. (2016). Special Thematic Issue on: International Interactions and Activities of University-Based Technology Entrepreneurship. Journal of International Entrepreneurship, 14(3), 277-284. https://doi.org/10.1007/s10843-016-0189-5
García, A. M., García, M. G., & Olivares, A. (2018). Entrepreneurs’ Resources, Technology Strategy, and New Technology-Based Firms’ Performance. Journal of Small Business Management. https://doi.org/10.1111/jsbm.12411
Guercio, M., Martinez, L., & Vigier, H. (2017). Las limitaciones al financiamiento bancario de las Pymes de alta tecnología. Estudios Gerenciales, 33(142), 3-12. https://doi.org/10.1016/j.estger.2017.02.001
Gutiérrez Olvera, S. (2018). Emprendimiento en las empresas familiares / Entrepreneurship in family businesses. RICEA Revista Iberoamericana de Contaduría, Economía y Administración, 4(7), 163. https://doi.org/10.23913/ricea.v4i7.119
Harbi, S. E., & Anderson, A. R. (2010). Institutions and the shaping of different forms of entrepreneurship. The Journal of Socio-Economics, 39(3), 436-444. https://doi.org/10.1016/j.socec.2010.02.011
Hernández, I., Álvarez, R., Blanco, C., & Carvajal, A. (2014). El ascenso de la “mano invisible”: Análisis para el surgimiento de un mercado formal de financiación para empresas de base tecnológica (ebt) en Colombia. FACE: Revista de la Facultad de Ciencias Económicas y Empresariales, 13(1), 5–32.
Huang, Y., Audretsch, D. B., & Hewitt, M. (2013). Chinese technology transfer policy: The case of the national independent innovation demonstration zone of East Lake. The Journal of Technology Transfer, 38(6), 828-835. https://doi.org/10.1007/s10961-012-9292-5
harbiKirwan, P., Sijde, P., & Groen, A. (2006). Assessing the needs of new technology based firms (NTBFs): An investigation among spin-off companies from six European Universities. International Entrepreneurship and Management Journal, 2(2), 173-187. https://doi.org/10.1007/s11365-006-8683-1
Kuratko, D. F., & Menter, M. (2017). The Role of Public Policy in Fostering Technology-Based Nascent Entrepreneurship. En J. A. Cunningham & C. O’Kane (Eds.), Technology-Based Nascent Entrepreneurship (pp. 19-52). Palgrave Macmillan US. https://doi.org/10.1057/978-1-137-59594-2_2
Larsen, M., Vigier, H. P., Guercio, M. B., & Briozzo, A. E. (2014). Financiamiento mediante obligaciones negociables. El problema de ser PyME. Visión de futuro, 18(2). http://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/viewFile/26/18
Lasso, S., Mainardes, E., & Motoki, F. (2017). Why do entrepreneurs open tech startups? A comparative study between Brazilian and foreign enterprises. International Entrepreneurship and Management Journal. https://doi.org/10.1007/s11365-017-0445-8
Lecluyse, L., Knockaert, M., & Spithoven, A. (2018). The contribution of science parks: A literature review and future research agenda. The Journal of Technology Transfer. https://doi.org/10.1007/s10961-018-09712-x
Lima, R. (2016). Economic Growth and Human Capital in the Post-Knowledge Era: A Focus on Positive Externalities and Spillover Effects of Knowledge in Italy and the Emergency of the Less Developed Areas. Journal of Industrial Integration and Management, 01(03), 1650010. https://doi.org/10.1142/S242486221650010X
Lloret, S., Ferreres, A., Hernández, A., & Tomás, I. (2014). El análisis factorial exploratorio de los ítems: Una guía práctica, revisada y actualizada. Anales de Psicología, 30(3), 1151-1169. https://doi.org/10.6018/analesps.30.3.199361
Löfsten, H. (2016). Business and innovation resources: Determinants for the survival of new technology-based firms. Management Decision, 54(1), 88-106. https://doi.org/10.1108/MD-04-2015-0139
Maculan, A.-M., Hernández, C. N. J., & Domínguez, O. F. C. (2015). Aprendizaje en el proceso de incubación de empresas de base tecnológica. Económicas CUC, 36(1), 9-26. http://dx.doi.org/10.17981/econcuc.36.1.2015.21
Malhotra, N. K. (2008). Investigación de mercados. Pearson Educación.
McAdam, M., & Marlow, S. (2011). Sense and sensibility: The role of business incubator client advisors in assisting high-technology entrepreneurs to make sense of investment readiness status. Entrepreneurship & Regional Development, 23(7-8), 449-468. https://doi.org/10.1080/08985620903406749
Mian, S., Lamine, W., & Fayolle, A. (2016). Technology Business Incubation: An overview of the state of knowledge. Technovation, 50-51, 1-12. https://doi.org/10.1016/j.technovation.2016.02.005
Ramaciotti, L., Muscio, A., & Rizzo, U. (2017). The impact of hard and soft policy measures on new technology-based firms. Regional Studies, 51(4), 629-642. https://doi.org/10.1080/00343404.2016.1255319
Ramírez, M., & Fernández, M. (2018). Unravelling the effects of Science Parks on the innovation performance of NTBFs. The Journal of Technology Transfer, 43(2), 482-505. https://doi.org/10.1007/s10961-017-9559-y
Sempere, F., & Hervás, J. L. (2014). Innovación tecnológica y no tecnológica: Efectos complementarios en la performance empresarial. Economía Industrial, 2014, 71-76. https://riunet.upv.es/handle/10251/51948
Shane, S. (2012). Reflections on the 2010 AMD Decade Award: Delivering on the Promise of Entrepreneurship As a Field of Research. Academy of Management Review, 37(1), 10-20. https://doi.org/10.5465/amr.2011.0078
Torrecilla, J. A., Skotnicka, A. G., & Tous, D. (2017a). Dimensiones que afectan a los emprendedores tecnológicos: El auge de las nuevas empresas de base tecnológica. 1-10. http://www.revistaespacios.com/a18v39n11/a18v39n11p16.pdf
Vereinte Nationen (Ed.). (2018). Frontier technologies for sustainable development. United Nations.
Vicens, L., & Grullon, S. (2011). Innovación y emprendimiento. Un modelo basado en el desarrollo del emprendedor. Banco Interamericano de Desarrollo, 1-31. https://publications.iadb.org/es/publicacion/15039/innovacion-y-emprendimiento-un-modelo-basado-en-el-desarrollo-del-emprendedor
Xiao, L., & North, D. (2017). The graduation performance of technology business incubators in China’s three tier cities: The role of incubator funding, technical support, and entrepreneurial mentoring. The Journal of Technology Transfer, 42(3), 615-634. https://doi.org/10.1007/s10961-016-9493-4
Zapata, G., López, S. F., Vivel, M., Neira, I., & Rodeiro, D. (2014). El emprendimiento de base tecnológica; características diferenciales. 2-21. https://www.researchgate.net/publication/284545728_El_emprendimiento_de_base_tecnologica_caracteristicas_diferenciales
Zapata, Á. R. P., & Morales, L. I. R. (2016). Innovación y emprendimiento en América Latina Desafíos y oportunidades de la región para sumarse a la sociedad del conocimiento: México. 23.
Zapata, G., Fernández, S., & Neira, I. (2018). El emprendimiento tecnológico en Suramérica: Una aproximación a sus determinantes individuales. Perfiles Latinoamericanos, 26(52), 1-20. https://doi.org/10.18504/pl2652-003-2018
Zea, M. P. C., Fonseca, M. P., Pérez, R. A., Bermeo, M. R., & Molina, X. C. (2016). Emprendimientos Informáticos: Una mirada desde la Universidad del Siglo XXI. Revista Didasc@ lia: Didáctica y Educación. ISSN 2224-2643, 7(3), 153–158.
Zhang, H., & Sonobe, T. (2011). Business Incubators in China: An Inquiry into the Variables Associated with Incubatee Success. Economics: The Open-Access, Open-Assessment E-Journal, 5(2011-7), 1. https://doi.org/10.5018/economics-ejournal.ja.2011-7
Alarcón, M. A., & Díaz, C. del C. (2016). La empresa de base tecnológica y su contribución a la economía mexicana en el periodo 2004-2009. Contaduría y Administración, 61(1), 106-126. https://doi.org/10.1016/j.cya.2015.09.004
An, H. J., & Ahn, S. J. (2016). Emerging technologies—beyond the chasm: Assessing technological forecasting and its implication for innovation management in Korea. Technological Forecasting and Social Change, 102, 132-142. https://doi.org/10.1016/j.techfore.2015.06.015
Aportela, I. (2015). La información como recurso estratégico en las empresas de base tecnológica. Revista General de Información y Documentación, 25(2). https://doi.org/10.5209/rev_RGID.2015.v25.n2.51238
Barrientos, E., Quiroz, L., & López, W. (2017). Factores influyentes para el emprendimiento en tecnologías de la información y comunicación para economías de Latinoamérica vs economías de Europa y Norte América. Gestión de la innovación para la competitividad, 1-17.
Bertoni, F., Martt, J., & Reverte, C. (2017). The Impact of Government-Supported Participative Loans on Employment Growth in Entrepreneurial Ventures. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3088072
Binsawad, M., Sohaib, O., & Hawryszkiewycz, I. (2019). Factors impacting techology business incubator Performance. International Journal of Innovation Management, 23(01), 1950007. https://doi.org/10.1142/S1363919619500075
Borini, F., Ribeiro, F., & Miranda, M. (2017). The internationalisation of new technology-based firms from emerging markets. 23-41.
Brüne, N., & Lutz, E. (2019). The effect of entrepreneurship education in schools on entrepreneurial outcomes: A systematic review. Management Review Quarterly. https://doi.org/10.1007/s11301-019-00168-3
Brunet, I., & Alarcón, A. (2004). Teorías sobre la figura del emprendedor. Papers. Revista de Sociologia, 73, 81. https://doi.org/10.5565/rev/papers/v73n0.1108
College, B., & Park, B. (2017). Global Entrepreneurship Monitor report. 155.
Colovic, A., & Lamotte, O. (2015). Technological Environment and Technology Entrepreneurship: A Cross-Country Analysis: Technological Environment and Technology Entrepreneurship. Creativity and Innovation Management, 24(4), 617-628. https://doi.org/10.1111/caim.12133
Cooper, S. (2006). Exploring the pre-entrepreneurial careers of high-technology entrepreneurs. International Journal of Continuing Engineering Education and Life-Long Learning, 16(5), 341. https://doi.org/10.1504/IJCEELL.2006.010957
Costantini, V., & Crespi, F. (2015). European enlargement policy, technological capabilities and sectoral export dynamics. The Journal of Technology Transfer, 40(1), 25-69. https://doi.org/10.1007/s10961-013-9307-x
Cunningham, J. A., Lehmann, E. E., Menter, M., & Seitz, N. (2019). The impact of university focused technology transfer policies on regional innovation and entrepreneurship. The Journal of Technology Transfer. https://doi.org/10.1007/s10961-019-09733-0
De los Ríos, S., Rodríguez, I., & Sáenz, R. (2015). Emprendedores y capital riesgo en España: El caso de Fond-ICO Global. Revista Icade. Revista de las Facultades de Derecho y Ciencias Económicas y Empresariales, 0(94), 31. https://doi.org/10.14422/icade.i94.y2015.002
Díaz, E., Souto, J., & Tejeiro, M. (2013). Nuevas empresas de base tecnológica. Netbiblo, S. L. https://www.madrimasd.org/uploads/informacionidi/biblioteca/publicacion/doc/Nebts3.pdf
Etemad, H. (2016). Special Thematic Issue on: International Interactions and Activities of University-Based Technology Entrepreneurship. Journal of International Entrepreneurship, 14(3), 277-284. https://doi.org/10.1007/s10843-016-0189-5
García, A. M., García, M. G., & Olivares, A. (2018). Entrepreneurs’ Resources, Technology Strategy, and New Technology-Based Firms’ Performance. Journal of Small Business Management. https://doi.org/10.1111/jsbm.12411
Guercio, M., Martinez, L., & Vigier, H. (2017). Las limitaciones al financiamiento bancario de las Pymes de alta tecnología. Estudios Gerenciales, 33(142), 3-12. https://doi.org/10.1016/j.estger.2017.02.001
Gutiérrez Olvera, S. (2018). Emprendimiento en las empresas familiares / Entrepreneurship in family businesses. RICEA Revista Iberoamericana de Contaduría, Economía y Administración, 4(7), 163. https://doi.org/10.23913/ricea.v4i7.119
Harbi, S. E., & Anderson, A. R. (2010). Institutions and the shaping of different forms of entrepreneurship. The Journal of Socio-Economics, 39(3), 436-444. https://doi.org/10.1016/j.socec.2010.02.011
Hernández, I., Álvarez, R., Blanco, C., & Carvajal, A. (2014). El ascenso de la “mano invisible”: Análisis para el surgimiento de un mercado formal de financiación para empresas de base tecnológica (ebt) en Colombia. FACE: Revista de la Facultad de Ciencias Económicas y Empresariales, 13(1), 5–32.
Huang, Y., Audretsch, D. B., & Hewitt, M. (2013). Chinese technology transfer policy: The case of the national independent innovation demonstration zone of East Lake. The Journal of Technology Transfer, 38(6), 828-835. https://doi.org/10.1007/s10961-012-9292-5
harbiKirwan, P., Sijde, P., & Groen, A. (2006). Assessing the needs of new technology based firms (NTBFs): An investigation among spin-off companies from six European Universities. International Entrepreneurship and Management Journal, 2(2), 173-187. https://doi.org/10.1007/s11365-006-8683-1
Kuratko, D. F., & Menter, M. (2017). The Role of Public Policy in Fostering Technology-Based Nascent Entrepreneurship. En J. A. Cunningham & C. O’Kane (Eds.), Technology-Based Nascent Entrepreneurship (pp. 19-52). Palgrave Macmillan US. https://doi.org/10.1057/978-1-137-59594-2_2
Larsen, M., Vigier, H. P., Guercio, M. B., & Briozzo, A. E. (2014). Financiamiento mediante obligaciones negociables. El problema de ser PyME. Visión de futuro, 18(2). http://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/viewFile/26/18
Lasso, S., Mainardes, E., & Motoki, F. (2017). Why do entrepreneurs open tech startups? A comparative study between Brazilian and foreign enterprises. International Entrepreneurship and Management Journal. https://doi.org/10.1007/s11365-017-0445-8
Lecluyse, L., Knockaert, M., & Spithoven, A. (2018). The contribution of science parks: A literature review and future research agenda. The Journal of Technology Transfer. https://doi.org/10.1007/s10961-018-09712-x
Lima, R. (2016). Economic Growth and Human Capital in the Post-Knowledge Era: A Focus on Positive Externalities and Spillover Effects of Knowledge in Italy and the Emergency of the Less Developed Areas. Journal of Industrial Integration and Management, 01(03), 1650010. https://doi.org/10.1142/S242486221650010X
Lloret, S., Ferreres, A., Hernández, A., & Tomás, I. (2014). El análisis factorial exploratorio de los ítems: Una guía práctica, revisada y actualizada. Anales de Psicología, 30(3), 1151-1169. https://doi.org/10.6018/analesps.30.3.199361
Löfsten, H. (2016). Business and innovation resources: Determinants for the survival of new technology-based firms. Management Decision, 54(1), 88-106. https://doi.org/10.1108/MD-04-2015-0139
Maculan, A.-M., Hernández, C. N. J., & Domínguez, O. F. C. (2015). Aprendizaje en el proceso de incubación de empresas de base tecnológica. Económicas CUC, 36(1), 9-26. http://dx.doi.org/10.17981/econcuc.36.1.2015.21
Malhotra, N. K. (2008). Investigación de mercados. Pearson Educación.
McAdam, M., & Marlow, S. (2011). Sense and sensibility: The role of business incubator client advisors in assisting high-technology entrepreneurs to make sense of investment readiness status. Entrepreneurship & Regional Development, 23(7-8), 449-468. https://doi.org/10.1080/08985620903406749
Mian, S., Lamine, W., & Fayolle, A. (2016). Technology Business Incubation: An overview of the state of knowledge. Technovation, 50-51, 1-12. https://doi.org/10.1016/j.technovation.2016.02.005
Ramaciotti, L., Muscio, A., & Rizzo, U. (2017). The impact of hard and soft policy measures on new technology-based firms. Regional Studies, 51(4), 629-642. https://doi.org/10.1080/00343404.2016.1255319
Ramírez, M., & Fernández, M. (2018). Unravelling the effects of Science Parks on the innovation performance of NTBFs. The Journal of Technology Transfer, 43(2), 482-505. https://doi.org/10.1007/s10961-017-9559-y
Sempere, F., & Hervás, J. L. (2014). Innovación tecnológica y no tecnológica: Efectos complementarios en la performance empresarial. Economía Industrial, 2014, 71-76. https://riunet.upv.es/handle/10251/51948
Shane, S. (2012). Reflections on the 2010 AMD Decade Award: Delivering on the Promise of Entrepreneurship As a Field of Research. Academy of Management Review, 37(1), 10-20. https://doi.org/10.5465/amr.2011.0078
Torrecilla, J. A., Skotnicka, A. G., & Tous, D. (2017a). Dimensiones que afectan a los emprendedores tecnológicos: El auge de las nuevas empresas de base tecnológica. 1-10. http://www.revistaespacios.com/a18v39n11/a18v39n11p16.pdf
Vereinte Nationen (Ed.). (2018). Frontier technologies for sustainable development. United Nations.
Vicens, L., & Grullon, S. (2011). Innovación y emprendimiento. Un modelo basado en el desarrollo del emprendedor. Banco Interamericano de Desarrollo, 1-31. https://publications.iadb.org/es/publicacion/15039/innovacion-y-emprendimiento-un-modelo-basado-en-el-desarrollo-del-emprendedor
Xiao, L., & North, D. (2017). The graduation performance of technology business incubators in China’s three tier cities: The role of incubator funding, technical support, and entrepreneurial mentoring. The Journal of Technology Transfer, 42(3), 615-634. https://doi.org/10.1007/s10961-016-9493-4
Zapata, G., López, S. F., Vivel, M., Neira, I., & Rodeiro, D. (2014). El emprendimiento de base tecnológica; características diferenciales. 2-21. https://www.researchgate.net/publication/284545728_El_emprendimiento_de_base_tecnologica_caracteristicas_diferenciales
Zapata, Á. R. P., & Morales, L. I. R. (2016). Innovación y emprendimiento en América Latina Desafíos y oportunidades de la región para sumarse a la sociedad del conocimiento: México. 23.
Zapata, G., Fernández, S., & Neira, I. (2018). El emprendimiento tecnológico en Suramérica: Una aproximación a sus determinantes individuales. Perfiles Latinoamericanos, 26(52), 1-20. https://doi.org/10.18504/pl2652-003-2018
Zea, M. P. C., Fonseca, M. P., Pérez, R. A., Bermeo, M. R., & Molina, X. C. (2016). Emprendimientos Informáticos: Una mirada desde la Universidad del Siglo XXI. Revista Didasc@ lia: Didáctica y Educación. ISSN 2224-2643, 7(3), 153–158.
Zhang, H., & Sonobe, T. (2011). Business Incubators in China: An Inquiry into the Variables Associated with Incubatee Success. Economics: The Open-Access, Open-Assessment E-Journal, 5(2011-7), 1. https://doi.org/10.5018/economics-ejournal.ja.2011-7