본문 바로가기
KERD
논문KCI 등재

Industrial R&D Expenditure: Its Determinants and Propensity of Technology Transfer of Top Ten Companies in Malaysia, Singapore and Taiwan

2

조회

0

다운로드

0

인용

0

참고문헌

키워드

주제분류기술정책

초록

Global research and development (R&D) spending has increased in recent years as the need for new technologies has grown and structural changes in the market have become evident. R&D and its transfer into the commercial sector have an important relationship. This paper analyzes the relationship between industrial R&D expenditure and how it affects technology transfer in Malaysia, Singapore and Taiwan. The research is based on the analysis of secondary data from published annual reports followed by a quantitative analysis of primary data using survey questionnaires. The research finds that the bulk of R&D expenditure was from the top ten organizations and the top five industries for each country. The findings also reveal that an organization’s readiness in terms of technology and people capabilities is still weak in Malaysia and Singapore. The findings also indicate that there is a relationship between industrial R&D expenditure and the propensity of technology transfer in Taiwan.

Abstract

Global research and development (R&D) spending has increased in recent years as the need for new technologies has grown and structural changes in the market have become evident. R&D and its transfer into the commercial sector have an important relationship. This paper analyzes the relationship between industrial R&D expenditure and how it affects technology transfer in Malaysia, Singapore and Taiwan. The research is based on the analysis of secondary data from published annual reports followed by a quantitative analysis of primary data using survey questionnaires. The research finds that the bulk of R&D expenditure was from the top ten organizations and the top five industries for each country. The findings also reveal that an organization’s readiness in terms of technology and people capabilities is still weak in Malaysia and Singapore. The findings also indicate that there is a relationship between industrial R&D expenditure and the propensity of technology transfer in Taiwan.

참고문헌 (74)

  1. Anthony Arundel, "Proximity and the use of public science by innovative European firms", Economics of Innovation and New Technology, 13(6), pp.559~580 (2004), Informa UK Limited[DOI]
  2. Sung C Bae, "Multinational corporations versus domestic corporations: a comparative study of R&D investment activities", Journal of Multinational Financial Management, 11(1), pp.89~104 (2001), Elsevier BV[DOI]
  3. Mary E. Barth, "Analyst Coverage and Intangible Assets", Journal of Accounting Research, 39(1), pp.1~34 (2001), Wiley[DOI]
  4. "2014 R&D and global R&D funding forecast" (2013)[URL]
  5. BETTINA BECKER, "WHAT DETERMINES INDUSTRIAL R&D EXPENDITURE IN THE UK?*", The Manchester School, 76(1), pp.66~87 (2008), Wiley[DOI]
  6. Sanjai Bhagat, "Corporate research & development investments international comparisons", Journal of Accounting and Economics, 19(2-3), pp.443~470 (1995), Elsevier BV[DOI]
  7. Biemer, P.P., "Introduction to Survey Quality" (2003), Wiley-Inter Science
  8. Investment, R&D and financial constraints in Britain and Germany, "Bond, S.", IFS, ~, pp.IFS Working Paper, 99(5) (1999)
  9. Corporate R&D and productivity in Germany and the United Kingdom, "Bond, S.", London School of Economics, ~, pp.CE Discussion Paper 595 (2003)
  10. Burhanuddin, M.A, "Barriers and challenges for technology transfer in Malaysian small and medium industries", Presented at International Conference on Information Management and Engineering, pp.258~261 (2009)
  11. Evidence on the usefulness of capitalizing and amortizing research and development costs, "Chambers, D.", University of Texas at Austin, ~ (2001)
  12. Cheng, H., "Determinants of firm R&D investment: evidence from China", Presented at PICMET 2006, pp.740~743 (2006)
  13. A Study of Rational R&D Policy in IT Industry, "Cho, S.", Korea Information Society Development Institute, ~, pp.Korea Information Society Development Institute, 99-01 (1999)
  14. Christensen, L.B., "Research Methods, Design and Analysis" (2011), Pearson
  15. Churchill, G.A., "Marketing Research: Methodological Foundations" (2010), South-Western Cengage Learning
  16. Alex Coad, "Firm growth and R&D expenditure", Economics of Innovation and New Technology, 19(2), pp.127~145 (2010), Informa UK Limited[DOI]
  17. David T. Coe, "International R&D spillovers", European Economic Review, 39(5), pp.859~887 (1995), Elsevier BV[DOI]
  18. Cohen, G., "Technology Transfer: Strategic Management in Developing Countries" (2004), Sage Publications
  19. Anna Shaojie Cui, "The influence of market and cultural environmental factors on technology transfer between foreign MNCs and local subsidiaries: A Croatian illustration", Journal of World Business, 41(2), pp.100~111 (2006), Elsevier BV[DOI]
  20. Grabowski, H.G., "The determinants of pharmaceutical research and development expenditures", The Journal of Evolutionary Economics, 10, pp.201~215 (2000)
  21. The Determinants of Research and Development and Intellectual Property Usage among Australian Companies, "Griffiths, W.", Melbourne Institute, ~, pp.Melbourne Institute Working Paper, 27 (2004)
  22. William Griffiths, "What governs firm-level R&D: Internal or external factors?", Technovation, 30(7-8), pp.471~481 (2010), Elsevier BV[DOI]
  23. Zvi Griliches, "Issues in Assessing the Contribution of Research and Development to Productivity Growth", The Bell Journal of Economics, 10(1), pp.92~116 (1979), JSTOR[DOI]
  24. Griliches, Z., "R&D and Productivity: Econometric Evidence" (1998), University of Chicago Press
  25. Guellec, D., "From R&D to productivity growth: do the institutional settings and the sources of funds of R&D matter?", Oxford Bulletin of Economics and Statistics, 66(3), pp.353~378 (2004)[DOI]
  26. Dominique Guellec, "The impact of public R&D expenditure on business R&D*", Economics of Innovation and New Technology, 12(3), pp.225~243 (2003), Informa UK Limited[DOI]
  27. Hall, B., "The stock market's valuation of R&D investment during the 1980's", American Economic Review, 83(2), pp.259~264 (1993)
  28. Bronwyn Hall, "How effective are fiscal incentives for R&D? A review of the evidence", Research Policy, 29(4-5), pp.449~469 (2000), Elsevier BV[DOI]
  29. Bronwyn H. Hall, "Exploring the relationship between R&D and productivity in French manufacturing firms", Journal of Econometrics, 65(1), pp.263~293 (1995), Elsevier BV[DOI]
  30. Deepak Hegde, "The maturation of global corporate R&D: Evidence from the activity of U.S. foreign subsidiaries", Research Policy, 37(3), pp.390~406 (2008), Elsevier BV[DOI]
  31. From ideas to development: the determinants of R&D and patenting, "Jaumotte, F.", OECD Economics Department, 1~59, pp.Working Paper, 457 (2005)
  32. "Pharma R&D in the U.S. and Europe: A comparative analysis" (2003)[URL]
  33. Kim, D.Y., "A Study on corporate R&D investment model in Korea", Economic Study, 41(1), pp.141~159 (1993)
  34. Vimal Kumar, "New technology commercialisation in India: experiences and imperatives - an empirical study", International Journal of Technology Transfer and Commercialisation, 1(3), pp.268~279 (2002), Inderscience Publishers[DOI]
  35. Sylvie Laforet, "Size, strategic, and market orientation affects on innovation", Journal of Business Research, 61(7), pp.753~764 (2008), Elsevier BV[DOI]
  36. 이명호, "Determinants of Corporate R&D Investment: An Empirical Study Comparing Korea's IT Industry with Its Non-IT Industry", ETRI Journal, 25(4), pp.258~265 (2003), 한국전자통신연구원
  37. Baruch Lev, "The capitalization, amortization, and value-relevance of R&D", Journal of Accounting and Economics, 21(1), pp.107~138 (1996), Elsevier BV[DOI]
  38. Yi Liu, "Transfer of market knowledge in a channel relationship: Impacts of attitudinal commitment and satisfaction", Industrial Marketing Management, 39(2), pp.229~239 (2010), Elsevier BV[DOI]
  39. Mairesse, J., "R&D and productivity: A survey of econometric studies at the firm level", Science Technology and Industry Review, 8, pp.317~348 (1991)
  40. R&D and financial systems: the determinants of R&D expenditures in the Swedish pharmaceutical industry, , CIRCLE, ~ (2008)
  41. Mamat, F.M., "Critical success factors (CSFs) on Technology Transfer Effectiveness in Manufacturing Industry: a critical review", International Journal of Business, Economics and Law, 1, pp.163~170 (2012)
  42. Mansfield, E., "East-West technological transfer issues and problems, international technology transfer: Forms, resource requirements, and policies", American Economic Review, 65(2), pp.372~376 (1975)
  43. Millman, A.F., "Technology transfer in the international market", European Journal of Marketing, 17(1), pp.26~47 (2001)
  44. G Morbey, "R&D: Its relationship to company performance", Journal of Product Innovation Management, 5(3), pp.191~200 (1988), Wiley[DOI]
  45. Firm level investment and R&D in France and the United States: A comparison, "Mulkay, B.", National Bureau of Economic Research Inc, ~, pp.NBER Working Papers 8038 (2000)
  46. Contributions and Determinants of Research and Development Expenditures in the US Manufacturing Industries, "Nadiri, I.M.", New York University, ~, pp.79-16 (1979)
  47. "OECD Regions at a Glance 2011 - Public and Business Research and Development Expenditure" (2011)[URL]
  48. Osman-Gani, A. A. M., "International technology transfer for competitive advantage: A conceptual analysis of the role of HRD", Competitiveness Review, 9(1), pp.9~18 (1999)
  49. Seung-Ho Park, "Perspectives on Technology Transfer Strategies of Korean Companies in Point of Resource and Capability Based View", Journal of technology management & innovation, 6(1), pp.161~184 (2011), SciELO Comision Nacional de Investigacion Cientifica Y Tecnologica (CONICYT)[DOI]
  50. Determinants of Firm R&D: Evidence from Swedish Firm Level Data, "Patrik, G.", FIEF, ~, pp.FIEF Working Papers Series, 190 (2003)
  51. Perry, S., "Earnings expectations and discretionary research and development expenditures", Accounting Horizons, 8(4), pp.43~51 (1994)
  52. Rhonda G. Phillips, "Technology business incubators: how effective as technology transfer mechanisms?", Technology in Society, 24(3), pp.299~316 (2002), Elsevier BV[DOI]
  53. Larry D. Qiu, "Policy on international R&D cooperation: Subsidy or tax?", European Economic Review, 42(9), pp.1727~1750 (1998), Elsevier BV[DOI]
  54. Raji Srinivasan, "Should Firms Spend More on Research and Development and Advertising During Recessions?", Journal of Marketing, 75(3), pp.49~65 (2011), American Marketing Association (AMA)[DOI]
  55. Ramanathan, K., "E-strategies for technological capability development", Presented at Portland International Conference on Management and Technology (2001)
  56. E. L. Reynard, "A Method for Relating Research Spending to Net Profits", Research Management, 22(4), pp.12~14 (2016), Informa UK Limited[DOI]
  57. Roessner, J. D., "What companies want from the Federal Labs", Issues in Science and Technology, 10(1), pp.37~42 (1993)
  58. Rouach, D., "Technology transfer and management: guidance for small and medium-sized enterprises", Tech Monitor, 21~28 (2003)
  59. "The future is in our palm" (2012)[URL]
  60. F.M. Scherer, "The propensity to patent", International Journal of Industrial Organization, 1(1), pp.107~128 (1983), Elsevier BV[DOI]
  61. Scherer, F.M., "The Link between gross profitability and pharmaceutical R&D spending", Health Affairs, 20(5), pp.216~220 (2001)
  62. "The Global Competitiveness Report 2016- 2017" (2016)[URL]
  63. R.A.F. Seaton, "The development and application of interactive models of industrial technology transfer", Technovation, 13(1), pp.45~53 (1993), Elsevier BV[DOI]
  64. Smith, D.K., "Fumbling the Future: How Xerox Invented, the Ignored, the First Personal Computer" (1988), William Morrow
  65. Souder, W.E., "A guide to the best technology transfer practices", Journal of Technology Transfer, 15(1-2), pp.5~16 (1990)
  66. Barbara J. Spencer, "International R & D Rivalry and Industrial Strategy", The Review of Economic Studies, 50(4), pp.707~722 (1983), Oxford University Press (OUP)[DOI]
  67. Toregas, C, Campbell, E. C., "Technology Transfer: Bringing Innovation to NASA and the Nation" (2004), National Academy of Public Administration
  68. "Science and Engineering Indicators 2008" (2008)[URL]
  69. Wahab, A., "Defining the concept of technology and technology transfer: a literature analysis", International Business Research, 5(1), pp.61~71 (2012)
  70. Walter, J., "Technological adaptation and learning by cooperation: a case study of a successful onshore technology transfer", Journal of Technology Transfer, 25(1), pp.13~22 (2000)
  71. Michael Waterson, "The determinants of research and development intensity in the UK", Applied Economics, 15(3), pp.379~391 (2006), Informa UK Limited[DOI]
  72. Wu, X., "The characteristic of the economy of Zhejiang province: an R&D intensity perspective", Studies In Science of Science, 2003(05) (2003)
  73. Zaltman, G., "Innovation and Organizations" (1973), Wiley
  74. Zhouying, J., "Globalization, technological competitiveness and the ‘catch-up’ challenge for developing countries: some lessons of experience", International Journal of Technology Management and Sustainable Development, 4(1), pp.35~46 (2005)[DOI]

관련 논문AI추천

이 간행물의 다른 논문 (6건)