Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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Patenting abroad and its effects on exports and sales in Korean Manufacturing firms

해외 특허출원이 한국 제조업 기업 수출과 매출에 미치는 영향 실증분석

  • Yun Bai (Department of International Trade, Chungnam National University) ;
  • Keunyeob Oh (Department of International Trade, Chungnam National University)
  • 백운 (충남대학교 무역학과) ;
  • 오근엽 (충남대학교 무역학과)
  • Received : 2022.11.30
  • Accepted : 2022.12.30
  • Published : 2022.12.30
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Abstract

With the advent of a recent knowledge-based society, interest in patents is steadily increasing. The patent is an important indicator that can capture the level of R&D investment and technology development. In an era of deepening new protectionism and the pandemic of COVID-19, patents play an important role in sustainable economic development and establishing a strong domestic industrial ecosystem. In this paper, we analyze the impact of patent applications on the corporate performance of the Korean manufacturing industry over the past 21 years from 1999 to 2019. We divide patents into overseas patents and domestic patents and analyze the respective effects on the entire manufacturing industry, ICT industries, and non-ICT industries. Major findings are summarized as follows. First, patents have a positive effect on both exports and sales of Korean manufacturing companies. Second, overseas patents have a greater impact on corporate performance than domestic patents. Third, Patents have a more positive effect on ICT industries than on non-ICT industries.

Keywords

Acknowledgement

본 연구는 2022학년도 충남대학교 4단계 BK21 대학원혁신사업 및 2021년도 산학협동재단의 지원을 받아 수행되었음.

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