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An Empirical Study on the Effects of Technology Strategy and Technology Planning Capability on Firms' Profits  

Lee, Jongmin (한국산업기술진흥협회(KOITA) 전략기획본부)
Chung, Sunyang (건국대학교 기술경영학과)
Publication Information
Journal of Korea Technology Innovation Society / v.18, no.1, 2015 , pp. 1-27 More about this Journal
Abstract
Korea has increased R&D investment continuously for the improvement of global technological competencies. Korea ranked first in the world with 4.15 percent in the ratio of R&D investment to GDP. In particular, the private sector occupies a crucial position of technological innovations in Korea, constituting 78.5% of total R&D investment. However, quantitative growth strategy is no longer effective, so efforts to enhance efficiency by upgrading qualitative level are badly needed. This paper studied methods for improving firms' business performance. For this, it tried to empirically verify technology strategy and technology planning capability's influence factors on the improvement of business performance. The study showed that technology strategy and technology planning activities have positive effects on the improvement of business performance. And it was revealed that coordination flexibility contributes to the enhancement of business performance by positively controlling technology planning activities. The study performed sample survey on the companies with R&D centers and multiple regression analysis and quantile regression were used for the analysis.
Keywords
Technology Strategy; Technology Planning; Coordination Flexibility; Quantile Regression;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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