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http://dx.doi.org/10.5762/KAIS.2017.18.5.35

The Influence of regional environment factor on Technology-based firms' Performance -Moderator effect of Innovation Intermediaries-  

Yoon, Ho-Yeol (Department of Industrial Management, KoreaTech)
Kim, Byung-Keun (Department of Industrial Management, KoreaTech)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.18, no.5, 2017 , pp. 35-46 More about this Journal
Abstract
This study analyzed the role of innovation intermediaries on the performance of technology-based firms in Korea. Technology-based firms are important to the economy because they contribute to regional economic development and national competitiveness. In Korea, various types of intermediaries, such as Techno-parks and incubators have been established to foster technology-based firms. Researchers analyzed various factors influencing the performance of technology-based firms. On the other hand, there have been few studies on the relationship between the innovation intermediaries and the performance of technology-based firms in Korea. This study identified the firms' capabilities, institutional and environmental factors in the light of the literature. A total of 2,313 technology-based firms in Techno-parks, business incubator of public institutes and universities were surveyed. Of these, 110 respondents were used for empirical analysis. OLS techniques were applied to analyze the data. The empirical results showed that the marketing competence, R&D capacity, which is a firms' innovation capacity, have a positive effect on the performance. The support of intermediaries positively affects the performance of technology-based firms. The economic aspects of regional innovation infrastructure, and cooperation with the customer has a positive effect on the performance of technology-based firms.
Keywords
Regional Innovation System; Regional Innovation Capabilities; Regional Network; Firm Innovation Capability; Innovation Intermediaries; Techno-Park; Business Incubator; Technology-based firm; Regional Policy;
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