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http://dx.doi.org/10.15207/JKCS.2019.10.9.209

Analysis of Factors Affecting Company Growth using PLS Structural Equation  

Seong, Byungho (Department of Consulting, Kumoh National Institute of Technology)
Kim, Taesung (School of Industrial Engineering, Kumoh National Institute of Technology)
Publication Information
Journal of the Korea Convergence Society / v.10, no.9, 2019 , pp. 209-219 More about this Journal
Abstract
This study analyzed the impacts and factors of the government's local industry upbringing policy on business growth. We analyzed the effect of product innovation and technological innovation on business competence, external cooperation level, R&D investment, and corporate growth using PLS(Partial Least Squares) structural equation. The results show that management competence and external cooperation level have a significant effect on firm growth and that there is a moderating effect between beneficiaries and non-beneficiaries. Management competence affects product innovation. Product innovation was analyzed to have mediating effects on firm growth. Finally, the policy direction of increasing managerial capacity is presented, and the limitations and future research directions are suggested.
Keywords
Local Industry Promotion Policy; Corporate Growth Factors; Management Competence; External Cooperation Level; R&D Investment; PLS Structural Equation;
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