East Asian Journal of Business Economics (EAJBE) (동아시아경상학회지)
- Volume 6 Issue 4
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- Pages.47-57
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- 2018
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- 2288-2766(eISSN)
DOI QR Code
The Difference in the Determinants of Licensing-in and Licensing-out: Evidence from Korean Firms
- Park, Kyoo-Ho (Department of Business Administration, Hanshin University)
- Received : 2018.11.01
- Accepted : 2018.12.20
- Published : 2018.12.30
Abstract
Purpose - This paper aims to analyze the determinants of licensing behaviors of manufacturing firms empirically in non-advanced exporting countries. Research design and methodology - We try to approach licensing behavior from the perspective of innovation strategy and open innovation, and deal with two activities composing licensing, i.e. licensing-in and licensing-out using the result of Korean Innovation Survey Results - Firstly, Organizational characteristic factors, particularly the size and size related factors influence the firm behavior of licensing-out, but not in case of licensing-in. Secondly, innovation strategy influences the firm behavior of licensing-in, but not in case of licensing-out. Lastly, the determinants of licensing-in and that of licensing-out are different. Conclusions - In general, firms doing licensing-out have many complementary assets and orientation for global markets. Meanwhile, firms doing licensing-in are innovative firms utilizing patent as an appropriation mechanism. Licensing-out have relevance with product market-related factors and licensing-in have more relevance with technology market-related factors
Keywords
- Licensing-in;
- Licensing-out;
- Innovative strategy;
- Organizational factor;
- Open innovation;
- Technology market