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An Analysis of the Effect of Government Support on Automation and Smart Factory  

Kang, Jung-Seok (한국생산기술연구원)
Cho, Keun-Tae (성균관대학교 시스템경영공학과/기술경영전문대학원)
Publication Information
Journal of Korea Technology Innovation Society / v.21, no.2, 2018 , pp. 738-766 More about this Journal
Abstract
The purpose of this paper is to figures out the impact on the business performance based on the case studies about the establishment of automated smart factories supported by the government. In this study, the effectiveness of supporting business is verified by comparing supported company with non-supported ones using methods such as T-test and ANOVA. The PSM method was used to solve the selection bias issue between the experimental group and the controlled group. The research results have shown that the effect of the supporting business to the automated system was tenuous, and the amount of sales and research and development costs was increased after a certain schedule passed in case of the supporting project to the smart factory. There is some time lag to appear the effect of the government supporting businesses and the supporting business to the automated system leads to long term sales increase by increasing parameters like research and development costs rather than direct influence. Therefore, this research will be useful information for the process of establishing useful basic data and policies which helps to secure new budget Government Supporting Businesses and find ways improve the business.
Keywords
Government support; automated system; smart factory; SME's; Propensity Score Matching;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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