The Impacts of the Internal and External Technology R&D Investments on Korean IT SMEs’Success in Technology Development
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In order to increase the effectiveness of technology R&D investment, it is essential for Korean small and medium sized-enterprises (SMEs) in the information technology (IT) sector to have good knowledge about the impacts of their internal and external technology R&D investments on their success in technology development. Accordingly, this research empirically analyzed the respective impacts of Korean IT SMEs' internal and external technology R&D investments on their success in technology development and compared their effect sizes. The statistical analysis results of this study by using the Cobb-Douglas type innovation production function and 310 samples collected from Korean IT SMEs have presented the following findings which prior studies on SMEs' R&D investment have not shed enough light on so far. First, both internal and external technology R&D investments have positive impacts on Korean IT SMEs' success in technology development. Second, The effect of the internal technology R&D investment is about twice larger than the effect of the external technology R&D investment on Korean IT SMEs' success in technology development. Third, Korean IT SMEs' Cobb-Douglas type innovation production function shows the decreasing return to scale. Based on these findings, this research provides new meaningful academic and practical implications for scholars and CEOs in Korean IT SMEs.
Abstract
In order to increase the effectiveness of technology R&D investment, it is essential for Korean small and medium sized-enterprises (SMEs) in the information technology (IT) sector to have good knowledge about the impacts of their internal and external technology R&D investments on their success in technology development. Accordingly, this research empirically analyzed the respective impacts of Korean IT SMEs' internal and external technology R&D investments on their success in technology development and compared their effect sizes. The statistical analysis results of this study by using the Cobb-Douglas type innovation production function and 310 samples collected from Korean IT SMEs have presented the following findings which prior studies on SMEs' R&D investment have not shed enough light on so far. First, both internal and external technology R&D investments have positive impacts on Korean IT SMEs' success in technology development. Second, The effect of the internal technology R&D investment is about twice larger than the effect of the external technology R&D investment on Korean IT SMEs' success in technology development. Third, Korean IT SMEs' Cobb-Douglas type innovation production function shows the decreasing return to scale. Based on these findings, this research provides new meaningful academic and practical implications for scholars and CEOs in Korean IT SMEs.
참고문헌 (17)
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