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http://dx.doi.org/10.7469/JKSQM.2013.41.4.601

The Empirical Study on the Relationship between R&D Investment and Growth Rate Change of Manufacturing Firms in Incheon  

Lee, Yune (Division of International Trade, Incheon National University/Incheon Technopark)
Han, Seong Ho (Incheon Technopark)
Yoo, Gwang Min (Incheon Technopark)
Publication Information
Journal of Korean Society for Quality Management / v.41, no.4, 2013 , pp. 601-610 More about this Journal
Abstract
Purpose: The purpose of this paper is to analyze the relationship between R&D investment and growth rate of manufacturing firms in Incheon. Methods: The balanced panel data of 246 firms which have existed for the period 2001-2012 are constructed. As a method of analysis, fixed effects panel data model is used. Results: There is a one year lag in the relationship between R&D intensity and the subsequent sales growth of firms and its relation depends on the firms' characteristics. Conclusion: We suggest the emphasis on R&D investment for firms' growth and the differentiated R&D program based on firm size. This article has the limitation that various types of R&D investment cannot be included in this analysis.
Keywords
R&D; Firm Growth; Firm Size; Panel Data; Manufacturing;
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Times Cited By KSCI : 2  (Citation Analysis)
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