Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
권호 표지
DOI QR코드

DOI QR Code

The Effect of the Use of 4th Industrial Revolution Technology on Export Performance

4차 산업혁명 기술 활용이 수출성과에 미친 영향

  • Sehwan Oh (School of Business Administration, Kyungpook National University)
  • Published : 2021.04.30
Download PDF
⟨ Previous Next ⟩

Abstract

With the advent of the 4th Industrial Revolution, there is a rising interest in the impact of these changes on Korea's trade. While the previous studies related to the 4th Industrial Revolution are very limited in the field of trade research, this study attempts an empirical analysis regarding the effect of the use of the 4th Industrial Revolution technology on the performance of exporters, based on the data of the Survey of Business Activities during 2017-2019 by the Korean government statistical office. Through the empirical analysis in combination with the propensity score matching (PSM) and the difference-in-difference (DID) analysis, this research confirms that the use of the 4th Industrial Revolution technology has a positive effect on the export performance of Korean exporters.

Keywords

References

  1. Aydiner, A. S., E. Tatoglu, E. Bayraktar, S. Zaim and D. Delen (2019), "Business Analytics and Firm Performance: The Mediating Role of Business Process Performance", Journal of Business Research, 96, 228-237. https://doi.org/10.1016/j.jbusres.2018.11.028
  2. Bharadwaj, A. S. (2000), "A Resource-based Perspective on Information Technology Capability and Firm Performance: An Empirical Investigation", MIS Quarterly, 169-196.
  3. Chae, Ho-Chang, Chang-E Koh and V. R. Prybutok (2014), "Information Technology Capability and Firm Performance: Contradictory Findings and Their Possible Causes", MIS Quarterly, 38(1), 305-326. https://doi.org/10.25300/MISQ/2014/38.1.14
  4. Cho, Won-Gil (2019), "The Direction & Strategy of Human Resources Development in Global Business Practise in the 4th Industrial Revolution", Korea Trade Review, 44(4), 67-85. https://doi.org/10.22659/KTRA.2019.44.4.67
  5. Chung, Hyuk (2021), "Adoption and Development of the Fourth Industrial Revolution Technology: Features and Determinants", Sustainability, 13(2), 871.
  6. Chung, Jae-Eun and Hee-Cheol Moon, (2019), "An Empirical Study on the Smart Technology Acceptance and Global Supply Chain Innovation in Korean Small and Medium Trading Companies - Focusing on the Key Technologies of 4th Industrial Revolution -", Korea Trade Review, 44(4), 169-188. https://doi.org/10.22659/KTRA.2019.44.4.169
  7. Garrison, G., R. L.Wakefield and Sang-Hyun Kim (2015), "The Effects of IT Capabilities and Delivery Model on Cloud Computing Success and Firm Performance for Cloud Supported Processes and Operations", International Journal of Information Management, 35(4), 377-393.
  8. Hendricks, K. B., V. R. Singhal and J. K. Stratman (2007), "The Impact of Enterprise Systems on Corporate Performance: A Study of ERP, SCM, and CRM System Implementations", Journal of Operations Management, 25(1), 65-82.
  9. Hitt, L. M., D. Wu and X. Zhou (2002), "Investment in Enterprise Resource Planning: Business Impact and Productivity Measures", Journal of Management Information Systems, 19(1), 71-98. https://doi.org/10.1080/07421222.2002.11045716
  10. Ho, D. E., K. Imai, G. King and E. A. Stuart (2007), "Matching as Nonparametric Preprocessing for Reducing Model Dependence in Parametric Causal Inference", Political Analysis, 15(3), 199-236. https://doi.org/10.1093/pan/mpl013
  11. Kim, Chang-Beom (2018), "Export Competitiveness and Dynamic Competition Relationship of Korea, China, and Japan for Commodities Related to Fourth Industry Revolution in USA and EU Markets", The E-Business Studies, 19(4), 85-100. https://doi.org/10.20462/TeBS.2018.8.19.4.85
  12. Kim, Hag-Min and Jing Zhang (2012), "The Impact of Innovation Types and Activities on Export Performance : Focused on Korean Firms", Korea Trade Review, 37(4), 15-137.
  13. Kim, Heung-Kyu (2013), "Evaluating Effectiveness of a Government's Supporting Program through Sequential Applications of PSM and DID", Information Systems Review, 15(3), 141-149.
  14. Kim, Pang-Ryong (2018), "Fourth Industrial Revolution Strategy: Japan's Case and Implications", Journal of the Korea Institute of Information and Communication Engineering, 22(2), 314-322.
  15. Kim, Sung-Hwan, Yeon-Woo Do and Jin-Geun Hong (2019), "The Influences of Innovative Technology Competence in 4th Industrial Revolution on Exports of Korean Firms: Applying Gravity Factor Model in Firm-level OFDI", Journal of International Trade & Commerce, 15(4), 443-463.
  16. Kim, Young-Min (2020), "Perception Difference about the Necessity of Logistics 4.0 Technology in Logistics Companies", Korea International Commerce Review, 35(4), 159-179. https://doi.org/10.18104/kaic.2020.35.4.159
  17. Lee, Byung-Mun, Kwang-So Park and Hee-Jin Jeong (2017), "An Influence of the Fourth Industrial Revolution on International Trade and Countermeasure Strategies to Promote Export in Korea", Korea Trade Review, 42(3), 1-24.
  18. Lee, Ho-Gun (2018), "A Study on the Confrontation Plan of Trade Education in Universities against Paradigm Shift by the 4th Industrial Revolution", The E-Business Studies, 19(1), 187-202 https://doi.org/10.20462/TeBS.2018.2.19.1.187
  19. Lee, Ho-Hyung (2020), "Systematic Literature Review and Case Study of the 4th Industrial Revolution-Related Trade Research", International Commerce and Information Review, 22(2), 23-41.
  20. Oh, Se-Hwan, Hyun-Mi Baek and Sae-Rom Lee (2016), "Revisiting the Relationship between Information Technology Capability and Firm Performance: Focusing on the Impact of the Adoption of Enterprise Resource Planning Systems", The Journal of Information Systems, 25(1), 49-73. https://doi.org/10.5859/KAIS.2016.25.1.49
  21. Pan, X., X. Pan, M. Song, B. Ai and Y. Ming (2020), "Blockchain Technology and Enterprise Operational Capabilities: An Empirical Test". International Journal of Information Management, 52, 101946.
  22. Park, Se-Hun (2019), "A Study on the Development and Application of Trade Practice Curriculum Reflecting the Demand of Trading Companies in the 4th Industrial Revolution", The International Commerce & Law Review, 84, 275-291. https://doi.org/10.35980/KRICAL.2019.12.84.275
  23. PricewaterhouseCoopers (2021), The Essential Eight (Webpage). Available from https://www.pwc.com/gx/en/issues/technology/essential-eight-technologies.html
  24. Rosenbaum, P. R. and D. B. Rubin (1983), "The Central Role of the Propensity Score in Observational Studies for Causal Effects", Biometrika, 70(1), 41-55. https://doi.org/10.1093/biomet/70.1.41
  25. Rosenbaum, P. R. and D. B. Rubin (1985), "Constructing a Control Group Using Multivariate Matched Sampling Methods that Incorporate the Propensity Score", The American Statistician, 39(1), 33-38.
  26. Santhanam, R. and E. Hartono (2003), "Issues in Linking Information Technology Capability to Firm Performance", MIS Quarterly, 125-153.
  27. Schwab, K. (2017), The Fourth Industrial Revolution, New York: Currency.
  28. Shin, Il-Soon (2006), "Adoption of Enterprise Application Software and Firm Performance", Small Business Economics, 26(3), 241-256. https://doi.org/10.1007/s11187-005-0215-9
  29. Statistics Korea (2019), Preliminary Results of the Survey of Business Activities in 2019. Available from http://kostat.go.kr/portal/eng/pressReleases/1/index.board?bmode=read&aSeq=387845
  30. Tang, Chia-Pei, Tony Cheng-Kui Huang and Szu-Ting Wang (2018), "The Impact of Internet of Things Implementation on Firm Performance", Telematics and Informatics, 35(7), 2038-2053. https://doi.org/10.1016/j.tele.2018.07.007
  31. The Presidential Committee on the 4th industrial revolution (2018, June 14), Technology and the 4th Industrial Revolution, Seoul: Author. Available from https://www.4th-ir.go.kr/4ir/detail/8?boardName=code1
  32. Yu, Kwang-Hyun and Joong-Kwon Doh (2017), "A Study on the Efficient Export Support Policy in Response to the Fourth Industrial Revolution", The E-Business Studies, 18(2), 273-286. https://doi.org/10.15719/GEBA.18.2.201705.273