기술 융합이 기업 성과에 미치는 영향: 항공기 기술을 사용한 자동차 기업을 중심으로
How Does Technological Convergence Influence Firm Performance?: A Case Study of Automobile Firms Adopting Aircraft Technologies
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
본 연구는 항공기 및 자동차 기술의 융합과 파급이 자동차 기업의 성과에 미친영향을 분석한다. 구체적으로 본 연구는 항공기 관련 기술을 도입한 자동차 기업들의 재무성과 변화를 측정하여 분석한다. 이를 위해 본 연구는 자동차 기업들이 항공기 기술과 관련된 특허 변수들을 활용하는 정도와 방식을 측정하고, 이 변수들이 자동차 관련 기업들의 시장가치와 매출액에 미치는 영향을 분석한다. 분석 결과, 자동차 기업이 항공기 관련 기술을활용할수록 시장가치가 상승하였다. 반면, 항공기 기술의 활용과 자동차 기업의 매출액 간에는 유의미한 관계가 발견되지 않았다. 이는 항공기 관련 기술의 보유 및 사용이 상품 시장에서 직접적인 매출액 증가 보다는 금융 시장을 통해 기업의 기술력에 대한 신호 기능을 수행하고 있음을 시사한다.
Abstract
We investigate the effect of technology convergence and spillover on firm performance. In doing so we specifically examine how automobile firms adapting aircraft technologies perform in stock market and product market. In order to use technology convergence and spillover, we investigate the patent citation relationship between aircraft and automobile related patents and construct the measures on automobile firms’ adaptation of aircraft technologies. We also measure automobile firms’ performance based on market value of firms in the stock market and revenues in product market. We find that the market value increases as automobile firms use the knowledge of aircraft technologies more. However, there is no relationship between the use of the aircraft technology and the revenue of automobile firms. This suggests that the use of advance aircraft technology plays a positive signaling role in financial market while it is not associated with generating revenues in product market.
참고문헌 (46)
- 김정언, "특허권 강화와 특허출원 변화의 기술혁신 및 생산성 파급효과: 산업내 및 IT산업의 산업간 파급효과를 중심으로", 기술혁신연구, 15(1), pp.145~173 (2007), 기술경영경제학회
- 박재민, "산업연관모형을 바탕으로 한 우리나라 지식기반서비스업의 기술적 산업연계구조 분석", 기술혁신연구, 10(2), pp.1~18 (2002), 기술경영경제학회
- 이희경, "연구개발투자의 산업간 파급효과: 한국제조업에 대한 실증연구", 기술혁신연구, 4(1), pp.129~146 (1996)
- 조형곤, "정보통신 기술지식의 파급효과에 대한 실증분석", 기술혁신연구, 8(1), pp.73~93 (2000)
- 한국항공우주산업진흥협회, "항공기 기술파급효과의 정량화(계량화)", Aerospace Industry, 77, pp.34~45 (2002)
- Antonelli C., "The Economics of Localized Technological Change and Industrial Dynamics, Vol. 3" (2012), Springer Science & Business Media
- Arora A., "The Changing Technology of Technological Change: General and Abstract Knowledge and the Division of Innovative Labour", Research Policy, 23(5), pp.523~532 (1994)
- Atkinson A.B., "A New View of Technological Change", Economic Journal, 79(315), pp.573~578 (1969)
- Bernstein J.I., "Interindustry R&D Spillovers, Rates of Return, and Production in High-tech Industries" (1988)
- Bloom N., "Identifying Technology Spillovers and Product Market Rivalry", Econometrica, 81(4), pp.1347~1393 (2013)
- Breschi S., "Knowledge-relatedness in Firm Technological Diversification", Research Policy, 32(1), pp.69~87 (2003)
- Bresnahan T.F., "General Purpose Technologies ‘Engines of growth’?", Journal of Econometrics, 65(1), pp.83~108 (1995)
- Cohen W.M., "Innovation and Learning: the Two Faces of R&D", Economic Journal, 9(397), pp.569~596 (1989)
- Daghfous A., "An Empirical Investigation of the Roles of Prior Knowledge and Learning Activities in Technology Transfer", Technovation, 24(12), pp.939~953 (2004)
- Dale Buss, "Turbocharging is Back, Adding Punch to Smaller, More Fuel-efficient Engines", Automotive News, ~ (2002)
- David P.A., "Technical Choice Innovation and Economic Growth: Essays on American and British Experience in the Nineteenth Century" (1975), Cambridge Univ. Press
- Eriksson S., "Technology Spill-over from the Aircraft Industry: the Case of Volvo Aero", Technovation, 20(12), pp.653~664 (2000)
- Farjoun M., "Beyond Industry Boundaries: Human Expertise, Diversification and Resource-related Industry Groups", Organization Science, 5(2), pp.185~199 (1994)
- Gambardella A., "Does Technological Convergence Imply Convergence Inmarkets? Evidence from the Electronics Industry", Research Policy, 27(5), pp.445~463 (1998)
- Garfield E., "Citation Indexes for Science: A New Dimension in Documentation through Association fo Ideas", Science, 122(3159), pp.108~111 (1955)
- Identifying Agglomeration Spillovers: Evidence from Million Dollar Plants, "Greenstone M.", National Bureau of Economic Research, ~, pp.No. w13833 (2008)
- Griliches Z., "Issues in Assessing the Contribution of Research and Development to Productivity Growth", Bell Journal of Economics, pp.92~116 (1979)
- Hall B.H., "“Recent Research on the Economics of Patents", Annual Review of Economics, 4, pp.541~565 (2012)
- Hall B.H., "Market Value and Patent Citations", RAND Journal of Economics, 36(1), pp.16~38 (2005)
- The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools, "Hall B.H.", National Bureau of Economic Research, ~, pp.No. w8498 (2001)
- Hall B.H., "Handbook of the Economics of Innovation, Vol. 2", pp.1033~1082 (2010)
- Henderson R., "Scale, Scope, and Spillovers: the Determinants of Research Productivity in Drug Discovery", RAND Journal of Economics, 27(1), pp.32~59 (1996)
- Hughes K., "The Interpretation and Measurement of R&D Intensity-A Note", Research Policy, 17(5), pp.301~307 (1988)
- Technological Opportunity and Spillovers of R&D: Evidence from Firms’ Patents, Profits and Market Value, "Jaffe A.B.", ~ (1986)
- Patent Citation Data in Social Science Research: Overview and Best Practices, "Jaffe A.B.", National Bureau of Economic Research, ~, pp.No. w21868 (2016)
- Kim N., "Dynamic Patterns of Industry Convergence: Evidence from a Large Amount of Unstructured Data", Research Policy, 44(9), pp.1734~1748 (2015)
- Kodama F., "Technology Fusion and the New R &D", Harvard Business Review, 70(4), pp.70~78 (1993)
- Kodama F., "MOT in Transition: From Technology Fusion to Technology-service Convergence", Technovation, 34(9), pp.505~512 (2014)
- Levin R., "R&D, patents, and productivity", pp.175~208 (1984), University of Chicago Press
- Malerba F., "Learning by Firms and Incremental Technical Change", Economic Journal, 102(413), pp.845~859 (1992)
- Markides C.C., "Related Diversification, Core Competences and Corporate Performance", Strategic Management Journal, 15(S2), pp.149~165 (1994)
- Mowery D.C., "Technological Overlap and Interfirm Cooperation: Implications for the Resource-based View of the Firm", Research Policy, 27(5), pp.507~523 (1998)
- Pakes Ariel, "On patents, R & D, and the Stock Market Rate of Return", Journal of Political Economy, 93(2), pp.390~409 (1985)
- Robins J., "A Resource‐based Approach to the Multibusiness Firm: Empirical Analysis of Portfolio Interrelationships and Corporate Financial Performance", Strategic Management Journal, 16(4), pp.277~299 (1995)
- Rosenberg N., "Technological Change in the Machine Tool Industry, 1840–1910", The Journal of Economic History, 23(4), pp.414~443 (1963)
- Rosenberg N., "Perspectives on Technology" (1976), Cambridge Univ. Press
- Suzuki J., "Technological Diversity of Persistent Innovators in Japan: Two Case Studies of Large Japanese Firms", Research Policy, 33(3), pp.531~549 (2004)
- Tanriverdi H., "Knowledge Relatedness and the Performance of Multibusiness Firms", Strategic Management Journal, 26(2), pp.97~119 (2005)
- Trajtenberg M., "University Versus Corporate Patents: A Window on the Basicness of Invention", Economics of Innovation and New Technology, 5(1), pp.19~50 (1997)
- Verspagen B., "Measuring Intersectoral Technology Spillovers: Estimates from the European and US Patent Office Databases", Economic Systems Research, 9(1), pp.47~65 (1997)
- Wooldridge J.M., "Econometric Analysis of Cross Section and Panel Data" (2002), MIT Press
