Browse > Article

The Effect of Government Corporate Support Projects on Corporate Growth: Focusing on the Mediation Effect of Absorption Capacity and Enterprise Support Satisfaction  

Kim, Su gil (Dept. of Business Consulting Graduate School, Daejeon University)
Hyun, Byung-Hwan (Dept. of Business Consulting Graduate School, Daejeon University)
Publication Information
Asia-Pacific Journal of Business Venturing and Entrepreneurship / v.17, no.4, 2022 , pp. 143-161 More about this Journal
Abstract
The government is promoting policies to increase policy efficiency by supporting corporate growth through corporate support and establishing the Ministry of SMEs and Startups as a control tower for corporate support projects. However, opinions on the efficiency of the government's corporate support project are divided, and this study aims to check how the government's corporate support project affects corporate performance and how absorption capacity and satisfaction, which are internal factors, affect corporate growth. Research was conducted on companies receiving government corporate support projects, and previous studies focused on financial support among government corporate support projects, while the effect of government corporate support was analyzed by dividing government support projects into financial and non-financial support, and absorption capabilities and corporate support satisfaction were analyzed. Through this, the effect on corporate financial performance and non-financial performance was empirically analyzed according to the mediating effect of absorption capacity and corporate support satisfaction in the government's corporate support project. As a result, both the government's financial and non-financial support had a positive effect on financial and non-financial performance, and it was confirmed that both absorption capacity and corporate support satisfaction mediate both financial and non-financial performance, and it was analyzed that it had a positive (+) effect. In order to improve the absorption capacity of a company, it is expected that it will be meaningful to improve the efficiency of the business by defining the problems faced by the company and suggesting solutions through the establishment of a supplier and consumer network.
Keywords
government support; financial support; non-financial support; absorption capacity; satisfaction with corporate support; mediating effect;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
연도 인용수 순위
1 Min, K. Y.(2010). An Empirical Study on the Effect of Entrepreneurial Consulting for the Business Performance of Start-Up. Master's Thesis, Chung-Ang University.
2 Ministry of SMEs and Startups(2022a). 2022 Business Report. Retrieved(2022.04.11) https://www.mss.go.kr/site/smba/main.do.
3 Duchek, S.(2013). Capturing absorptive capacity: A critical review and future prospects. Schmalenbach Business Review. 65(3), 312-329.   DOI
4 Durst, S., & Gerstlberger, S.(2021). Financing Responsible Small- and Medium-Sized Enterprises_An International Overview of Policies and Support Programmes. Journal of Risk and Financial Management. 14(1), 10.   DOI
5 Dzung, B., Lena, D., Bernd, H., & Giang, N.(2022). The effects of fiscal policy on households during the COVID-19 pandemic: Evidence from Thailand and Vietnam. World Development, 153, 105828.   DOI
6 El Mercurio(2020). 10 Anos de Start-Up Chile: cifras revelan un alto retorno de la inversion, pero bajo financiamiento para negocios liderados por mujeres. Santiago. El Mercurio Newspaper. Retrieved(2022.04.12.) https://revistaemprende.cl/start-up-chile-a-10-anos-de-sucreacion-1-960-emprendimientos-apoyados-mas-de-14-mil-empleos-generados-y-us-12-mil-millones-en-ventas-acumuladas/.
7 Erramilli, M. K., & Rao, C. P.(1993). Service Firms' International Entry-mode Choice: A Modified Transaction-cost Analysis Approach. Journal of Marketing, 57(3), 19-38.
8 Fornell, C., & Larcker, D. F.(1981). Structural equation models with unobservable variables and measurement error. Algebra and statistics, 18(3), 382-388.
9 Darwish, T. K., Zeng, J., Rezaei Zadeh, M., & Haak-Saheem, W.(2020). Organizational learning of absorptive capacity & innovation: Does leadership matter?. European Management Review, 17(1), 83-100.   DOI
10 Daiyou, X., & Jinxia, S.(2022). Macroeconomic lockdown effects of COVID-19 on small business in China: empirical insights from SEM technique. Environmental Science and Pollution Research, 1-13.
11 De Marco, C. E., Martelli, I., & Di Minin, A.(2020). European SMEs' Engagement in Open Innovation When the Important Thing Is toWin and Not Just to Participate, What Should Innovation Policy Do?. Technological Forecasting and Social Change. 152, 119843.   DOI
12 Ministry of SMEs and Startups(2022b). Announcement of the Integration of Startup Support Projects in 2022. Retrieved(2022.04.11) https://www.mss.go.kr/site/smba/main.do.
13 Korea Business Incubation Association(2020). A start-up child care center. Retrieved(2020.10.30) from https://www.bi.go.kr/incubate/bi/view.do.
14 Garvin, D. A.(2000). Learning in action: A guide to putting the learning organization to work. Boston, MA: Harvard Business School Press.
15 Grant, R. M.(1996). Toward a knowledge-based theory of the firm. Strategic management Journal, 17(S2), 109-122.   DOI
16 Kim, G. H., & Won, Y. H.(2015). An Analysis on Performance influence factors of Enterprise Support based upon the Local Industrial Development Policy: Focused on the Industry Types of Region-Specialized Industries. Korean Policy Sciences Review, 19(2), 31-51.
17 Kim, S. S., Jeon, B. H., & Yoon, S. I.(2020). Meta-analysis on the Effect of Startup Support Policies to Startup Performance. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 15(6), 95-114.   DOI
18 Kim, S. W., & Jung, H. J.(2019). Comparison and implications of R&D support for SMEs in Korea and the United States. STEPI Insight, 231, 1-32.
19 Nam, Y. H.(2021). A Study on the Effect of the Internal Characteristics of Startup and the Relationship with Public Enterprises on Management Performance. Doctoral dissertation, Daejeon University.
20 Ministry of SMEs and Startups(2022c). Start-up Support Project Guidebook. Retrieved(2022.08.17.) https://www.k-startup.go.kr/web/contents/webFND_GUIDE.do.
21 National Business Incubation Association(2010). Fundamentals of Incubator Management. NBIA Preconference Institute.
22 Niven, P. R.(2002). Balanced scorecard step-by-step: Maximizing performance and maintaining results. John Wiley & Sons.
23 Nor', A. A., Arifhabt, M., Jogeswari, R., SitiRoshaidaAbd, R., Azman, I., & FarizaMd, S.(2021). The Role of Career Function, Quality Relationship on Mentee's Job Satisfaction: A Moderating Model Approach. Elementary Education Online, 20(4), 695-705.
24 Nunnally, J. C., & Bernstein, I. H.(1994). Psychometric Theory, 3rd ed. New York: McGraw-Hill.
25 Oh, S. H., & Kim, S. W.(2017). Current Status and Performance Analysis of SME R&D Support. STEPI Insight, 211, 1-27.
26 Oh S. H., & Jang. P. S.(2020). The Effect of Government R&D Support on Manufacturing Firms' Innovation Activities and Innovation Performance. Journal of Korea Technology Innovation Society, 23(5), 941-966.   DOI
27 Oliver, R. L.(1980). A Cognitive Model of the Antecedents and Consequences of Satisfaction Decision. Journal of Marketing Research, 17(4), 460-469.   DOI
28 Onyiewu, S.(2015). Does Lack of Innovation Capability and Absorptive Capacity Retard Economic Growth in Africa?. Growth and Institutions in African Development, 41-57.
29 Kwon, H. S., & Hwang, D. H.(2019). The Analysis on the Effect of Public R&D System for Performance of Small-medium Enterprises: Focusing on the Mediating Effect of the Asymmetric Information. Journal of Korea Technology Innovation Society, 22(6), 1107-1137.   DOI
30 Koo, D. M.(2015). Fundamental Regulation Mediation Effect Analysis Research Methodology. Seoul: Changmyeong.
31 Lecraw, D. J.(1984). Bargaining Power, Ownership, and Profitability of Transnational Corporations in Developing Countries. Journal of International Business Studies, 15, 27-43.   DOI
32 Lee, C. G., & Seo, Y. U.(2019). A Research on the Activation Measures of Youth Entrepreneurship through Analysis of Local Entrepreneurial Ecosystem: Focused on Entrepreneurship Program Participants in Daejeon. Journal of the Korean Entrepreneurship Socieity, 13(6), 182-207.   DOI
33 Lee, D. H.(2000). Operational Characteristics and Success Factors of Korea's Startup Childcare Project. STEPI Research Report.
34 Mahmood, R., & Norshafizah, H.(2013). Entrepreneurial Orientation and Business Performance of Women-Owned Small and Medium Enterprises in Malaysia: Competitive Advantage as a Mediator. International Journal of Business and Social Science, 4(1), 82-89.
35 Mahoney, J. T.(1995). The management of resources and the resource of management. Journal of Business Research. 33(2), 91-101.   DOI
36 Lee, J. S.(2011). A Study on Determinants of Technology Innovation Performance: Based on the Roles of R&D Investment, Governmental Support and Information Sources. Master's Thesis, Konkuk University.
37 Lee, K. H., & Ha K. S.(2022). A Effects of Start-up Preparation, Start-up Support Policy And Accelerator Support on Business Satisfaction. Journal of Digital Convergence, 20(4), 333-342.   DOI
38 Khanh, H., Muhammadb, A., & Cuongb, N.(2022). Corporate investment and government policy during the COVID-19 crisis. International Review of Economics and Finance, 80, 677-696.   DOI
39 Jung, K. H.(2020). Effectiveness Analysis of Startup Support Policy of Early Start-ups: Moderating Effect of the Industry and Growth Stage of the Start-ups. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 15(1), 59-70.   DOI
40 Kang, H. I.(2020). The Effect of ICT Government R&D Support on Corporate Revenue and Export. Journal of Korea Technology Innovation Society, 146-158.
41 Kim, K. W.(2008). An Analysis of the Effectiveness of Government R&D Subsidies on Corporate Performance. KDI Research Report.
42 Gil, W. G., Bae, H. B., Shim, Y. H., & Kim, S. K.(2018). A Study on the Improvement the Start-up Support Policy: Focused on the ICT Start-up. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 13(4), 117-128   DOI
43 Global Startup Ecosystem Report(2018). Succeeding in the New Era of Technology, Startup Genome. Startup Genome & Global Entrepreneurship Network, 21, 34.
44 Liu, Y. H., Kim, C. Y., Lee, E. H., & Yoo, J. W.(2022). Relationship between Sustainable Management Activities and Financial Performance: Mediating Effects of Non-Financial Performance and Moderating Effects of Institutional Environment. Journal of Sustainability, 14(3), 1168.   DOI
45 Lee, Y. H., & Song, Y. J.(2019). The Effects of the Government Funding on Venture Firms' Management Performance Focusing on the Mediation Effect of Firms' Internal Competencies and the Moderation Effect of Firm's Growth Stage. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 14(2), 31-46.   DOI
46 Li, X., Huang, L., Ren, A., Li, Q., & Zeng, X.(2021). The Effect of Production Structure Roundaboutness on the Innovation Capability of High-Tech Enterprises The Mediating Role of Technology Absorption Path. Sustainability, 14(9), 5116.
47 Lin, B. W., Lee, Y. S., & Hung, S. C.(2006). R&D Intensity and Commercialization Orientation Effects on Financial Performance. Journal of Business Research, 59(6), 679-685.   DOI
48 Locke, E. A., Sirota, D., & Wolfson, A. D.(1976). An experimental case study of the successes and failures of job enrichment in a government agency. Journal of Applied Psychology, 61(6), 701-711.   DOI
49 Thomas, P.(2020). Efficient Programs to Support Businesses During and After Lockdowns. The Review of Corporate Finance Studies, 10(1), 188-203.
50 Tendur, S. T. E., Hutabarat, V. V., & Tumbelaka, S. S. X.(2021). Price perception, service quality and customer satisfaction (Empirical study on cafes at Tondano City). International Journal of Tourism & Hospitality in Asia Pacific, 4(3), 19-31.
51 Tonge, J., & Moore, S. A.(2006). Importance-satisfaction analysis for marine-park hinterlands: A Western Australian case study. Tourism Management, 28(3), 768-776.   DOI
52 Wang, C. H., Lu, I. Y., & Chen, C. B.(2008). Evaluating firm technological innovation capability under uncertainty. Technovation, 28(6), 349-363.   DOI
53 Wang, H., Liu, Y., Xiong, W., & Zhu, D.(2019). Government Support Programs and Private Investments in PPP Markets. International Public Management Journal, 22(3), 499-523.   DOI
54 Wernerfelt, B.(1984). A resource-based view of the firm. Strategic management journal. 5(2), 171-180.   DOI
55 Werts, C. E., Linn, R. L., & Joreskog, K. G.(1974). Intraclass reliability estimates: Testing structural assumptions. Educational and Psychological measurement, 34(1), 25-33.   DOI
56 Xia, H., Xiaohui, L., Tianjiao, X., & Lan, G.(2018). Home-country government support, interstate relations and the subsidiary performance of emerging market multinational enterprises. Journal of Business Research, 93, 160-172.   DOI
57 Yang, H. B.(2000). A study on the efficiency of start-up policy promotion. Sejong: KIET.
58 Yang, Z.(2018). Knowledge Sharing Serves as a Mediator between Collaborative Culture and Innovation Capability. Journal of Business & Industrial Marketing, 33, 958-969.   DOI
59 Shin, G. K.(2018). SmartPLS 3.0 Structural Equation Modeling. Seoul: Chung-ram.
60 Schumpeter, J.(1961). The Theory of Economic Development. Oxford University Press.
61 Hall, B., & Van Reenen, J.(2000). How Effective are Fiscal Incentives for R&D? A Rreview of the Evidence. Research Policy, 29(4-5), 449-469.   DOI
62 Guo, D., Guo, Y., & Jiang, K.(2022). Government R&D support and firms' access to external financing: funding effects, certification effects, or both?. Technovation, 115, 102469.   DOI
63 Gupta, A., & Govindarajan, V.(1984). Business unit strategy, managerial characteristics and business unit effectiveness at strategy implementation. Journal of Academy of Management, 27(1), 25-41.
64 Hair, J. F., Ringle, C. M., & Sarstedt, M.(2011). PLS-SEM: Indeed a silver bullet. Journal of Marketing theory and Practice, 19(2), 139-152.   DOI
65 Hanks, S., & Chandler, G. N.(1994). The impact of new venture growth research on entrepreneurship education. Frontiers in Entrepreneurship Research.
66 Hwangbo, Y., & Kim, J. H.(2016). Impact of Start-Up Incubator Service On the Start-up Performance. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 11(5), 57-66.   DOI
67 Isenberg, D.(2011). The entrepreneurship ecosystem strategy as a new paradigm for economic policy: Principles for cultivating entrepreneurship. Presentation at the Institute of International and European Affairs, 1(781), 1-13.
68 Park, S. H.(2021). A Study for the effects of perceived startup environments on the performance of university business incubators and tenant companies: from the managers' perspective. Doctoral dissertation, Hannam University.
69 Parasuraman, A., Zeithaml, V. A., & Berry, L. L.(1994). Alternative Scales for measurin Service Quality: A Comparative Assessment based on Psychometric and Diagnostic Criteria. Journal of Retailing, 70(3), 201-230.   DOI
70 Park, H. S., & Seo, Y. W.(2020). A Study on the Impact of Entrepreneurial Action and Government Support through the Network on Management Performance. Journal of Distribution and Management Research, 23(2), 19-35.
71 Park, Y. W., Chung, Y. H., & Son, H. S.(2022). Configurational paths for SMEs' innovation: focusing on information resources, absorptive capacity, and government support. Technology Analysis & Strategic Management, 1-14.
72 Pearce, D. W.(1983). The Dictionary of Modern Economics, the 3rd edition. Cambridge: Mcamillan Reference Books.
73 Real, J. C., Roldan, J. L., & Leal, A.(2014). From entrepreneurial orientation and learning orientation to business performance: analysing the mediating role of organizational learning and the moderating effects of organizational size. British Journal of Management, 25(2), 186-208.   DOI
74 Roh, Y. H.(2014). Analysis of the effectiveness of SME-supported R&D projects. Seoul: National Assembly Budget Office.
75 Rosario, C., Varum, C., & Botelho, A.(2022). Impact of Public Support for Innovation on Company Performance: Review and Meta-Analysis. Journal of Sustainability, 14(8), 4731.   DOI
76 Rumelt, R. P.(1984). Towards a Strategic Theory of the Firm. Competitive Strategic Management, 26(3), 556-570.
77 Lee, W. S., & Kim, B. Y.(2019). Business sustainability of start-ups based on government support: An empirical study of Korean start-ups. Sustainability, 11(18), 4851.   DOI
78 Shin, H. W.(2010). An Empirical Study on the Relationship between Barriers and Policy Measures in Technological Innovation. JOURNAL OF TECHNOLOGY INNOVATION, 17(2), 81-107.
79 Kaplan, R. S.(1984). The evolution of management accounting. The Accounting Review. 59(3), 390-418.
80 Kim, D. J., Park, J. S., & Park, D. I.(2017). Effects of Justice Perception of Start-Up Support System on Expectancy Effect and Satisfaction: Focusing on Venture For Korea. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 12(3), 107-117.   DOI
81 Jang, S. J., Kim, K. H., & Yoon, S. P.(2016). Differences in R&D Efficiency of Enterprises by Government-Supported Types With the IoT industry at the center. Journal of Korea Technology Innovation Society, 713-729
82 Stevenson, H. H., Roberts, M. J., & Irving, J. I.(1994). New Business Ventures and the Entrepreneur. Illinois: Irwin.
83 Yoo, H. S., Kim, Y. M., & Jeong, D. B.(2021), The impact of government support on overcoming growing pains of small and medium-sized enterprises with materials and components: Policy effectiveness analysis using PSM-DID combination model. Journal of Korea Technology Innovation Society, 24(5), 871-890.   DOI
84 Yoon, D. M., Jeong, H. I., Park, G. W., Lee, S. Y., & Lee, J. K.(2020). The Effect of Government SME Support Programs (2008-2017): Focused on Consulting Support Programs. Korean Journal of Business Administration, 33(9), 1597-1623.
85 Isensee, C., Teuteberg, F., Griese, K. M., & Topi, C.(2020). The Relationship between Organizational Culture, Sustainability, and Digitalization in SMEs. A Systematic Review. Journal of Cleaner Production, 275, 122944.   DOI
86 Islam, E. S., Ahmed, M. E., Zakaria, E., & Karam, M. G.(2021). The COVID-19 pandemic: The mitigating role of government and hotel support of hotel employees in Egypt. Tourism Management, 85, 104305.   DOI
87 Kang, J. S., & Cho, K. T.(2018). An Analysis of the Effect of Government Support on Automation and Smart Factory. Journal of Korea Technology Innovation Society, 21(2), 738-766.
88 Yoon, H. J., Hong, A. R., & Jeong, S. D.(2018). The effects of R&Ds, technology innovation capability and the innovation support system of small and medium-sized businesses on the company performance. INNOVATION STUDIES, 13(2), 209-238.   DOI
89 Yoon, S. M., Lee, Y. H., & Seo, Y. W.(2018). A Study on Innovation Activities of Firms by Government Policies and Internal Innovation Factors: A Group Analysis of Manufacturing and Service Industries. Korea coproration Management Association, 25(5), 131-157.
90 Jang, S. D., Christopher, S., & Lee, S. S.(2008). Failure of High-Tech Venture Firms: Integrating Age-Dependence and Resource-Based Perspectives. Advancing Small Enterprise Innovation Research, 11(2), 41-63.
91 Jang, Y. H., Lee, J. H., & Kim, P. S.(2020). The Effect of Government's Fairness as the Entrepreneur's Satisfactions & Managerial Performance: Focusing on the Differences between Start-up Companies' Growth Stages. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 15(4), 109-120.   DOI
92 Jeon, C. S.(2011). An Empirical Study on Corporate Financial Performance. Master's Thesis, Paichai University.
93 Jeong, Y. H., Lee, C. S., & Lee, J. D.(2003). Comparison of Characteristics and Performance between Firms in the Incubation Centers at University and Research Institute. Asia Pacific Journal of Samall Business, 25(3), 159-183.
94 Jon, C. H., Kai, H. T., Ming, Y. H., Yen, C. K., & Jhih, S. C.(2017). Internet cognitive failure relevant to users' satisfaction with content and interface design to reflect continuance intention to use a government e-learning system. Computers in Human Behavior, 66, 353-362   DOI
95 Czarnitzki, D., Hussinger, K., & Leten, B.(2011). The Market Value of Blocking Patent Citations. ZEW-Centre for European Economic Research Discussion Paper 11-021.
96 Byun, C. G., & Ha, H. H.(2013). An Application of Dominance Analysis and Regression Analysis for Determining the Relative Importance of Critical Factors in Satisfaction of Start-up Support Service Program. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 8(3), 67-76.   DOI
97 Cho, H. N., & Kim, J. K.(2019). The Effect of Government R&D Subsidies on Private R&D Investment. Journal of Korea Technology Innovation Society, 1-30.
98 Cho, N. M., & Oh, S. J.(2018). The Effect of Absorption Capacity and Unlearning Capacity on the Innovation Behavior of Members in the Organization: Focused on Mediation of Knowledge Creation and Knowledge Sharing. Korean Business Education Review, 33(3), 261-289.   DOI
99 Chundakkadan, R., & Sasidharan, S.(2020). Financial constraints, government support, and firm innovation: empirical evidence from developing economies. Innovation and Development, 10(3), 279-301.   DOI
100 Cohen, W. M., & Levinthal, D. A.(1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152.   DOI
101 Basso, A., Baltar, E., & Andonova, E.(2018). Startup Innovation Ecosystems in Southern Europe. Brussels European Commission, 113872, 4-9.
102 Bozic, K., & Dimovski, V.(2019). Business intelligence and analytics for value creation: The role of absorptive capacity. International Journal of Information Management, 46, 93-103.   DOI
103 Bae, S. J., Ko, C. R., & Seol, S. S.(2017). Suitability Analysis of SMEs Support Means by Customized Information Analysis. Journal of Korea Technology Innovation Society, 20(1), 81-102.
104 Kim, Y. J., Seo, Y. K., & Hong, J. I.(2018). The Effects of Internal Competence and Growth Stages on the Performance of Venture Business: the Moderating Effect in Connection with Government Funding Utilization. Journal of Korea Technology Innovation Society, 21(2), 636-662
105 Kumar, V. B., & Shirish, S.(2022). Structural process model of absorptive capacity for stakeholder's integration in decision-making: dynamic capability perspective. Society and Business Review, 17(3), 421-440.   DOI
106 Lee, B. H., Lee, S. W., & We, S. A.(2014). The Effect of Government R&D Supports on SME's Technological Innovation Performance in Korea. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 9(5), 157-171.
107 Suzanne, R., Tristram, H., & Sue, C.(2022). Approaches to quality assurance in school-based career development: policymaker perspectives from Australia. British Journal of Guidance & Counselling, 50(1), 110-127.   DOI
108 Ahn, S. G., Kim, J. H., & Kim, J. I.(2017). The effect of the government's R&D support on investment by mid-sized companies. Journal of Korea Technology Innovation Society, 20(3), 546-575.
109 Amit, R., & Schoemaker, P. J.(1993). Strategic assets and organizational rent. Journal of Strategic Management. 14(1), 33-46.   DOI
110 Arrow, K.(1962). Economic Welfare and the Allocation of Resources for Invention, in Nelson, R. (Ed.), The Rate and Direction of Inventive Activity. Princeton University Press, 609-625.
111 Bagozzi, R. P., Yi, Y., & Philipps, L. W.(1991). Assessing Construct Validity in Organization Research. Administrative Science Quarterly, 36, 421-458.   DOI
112 Barney, J.(1991). Firm Resources and Sustained Competitive Advantage. Journal of Management. 17(1), 99-120.   DOI
113 March, J. G.(1991). Exploration and Exploitation in Organizational Learning. Organization Science, 2(1), 71-87.   DOI
114 Lee, H. J., Kim, S. H., & Ge, H. S.(2007). An Empirical Study on the Performance of ITBI's Tenant. Journal of Korea Technology Innovation Society, 10(2), 727-754.
115 Lee, S. J., & Kim, T. Y.(2015). A Study on Determinants of National R&D Projects: With the Focus on the National R&D for the Competitiveness Enhancement of the Parts and Materials Industry. Journal of Korea Technology Innovation Society, 18(4), 590-620.
116 Ling, N., Aneiros, G., & Vieu, P.(2020). kNN estimation in functional partial linear modeling. Statistical Papers, 61(1), 423-444.   DOI
117 Meng, L. H., & Zhou, J.(2021). Trait conscientiousness, thriving at work, career satisfaction and job satisfaction: Can supervisor support make a difference?. Personality and Individual Differences, 183, 111116.   DOI
118 Marrucci, L., Iannone, F., Daddi, T., & Iraldo, F.(2021). Antecedents of absorptive capacity in the development of circular economy business models of small and medium enterprises. Business Strategy and the Environment, 31(1), 532-544.
119 Mayuri. H.(2020). Business Incubators: Meaning, Definition, Services. Development and Types, https://www.businessmanagementideas.com/.
120 Mcwiliams, A., & Siegel, D.(2000). Corporate social responsibility and financial performance: correlation or misspecification. Journal of Strategic Management, 21(4), 603-609.   DOI
121 Mian, S.(2011). University's involvement in technology business incubation: what theory and practice tell us?. International Journal of Entrepreneurship and Innovation Management, 13(2), 113-121.   DOI