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http://dx.doi.org/10.5762/KAIS.2018.19.12.491

Analysis on the Relationship between R&D Inputs and Performance by using Panel Data : Focus on Defense Industry  

Lee, Kang-Taek (LIG Nex1)
Kim, Geun-Hyung (LIG Nex1)
Lee, Seung-Hyun (LIG Nex1)
Lee, Ik-Do (LIG Nex1)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.19, no.12, 2018 , pp. 491-497 More about this Journal
Abstract
This study analyzes the relationship between R&D input and performance using panel data from the defense industry. A research model is established based on the R&D logic model, and the study sample consists of a strongly balanced panel data (n=351) empirically analyzed using panel linear regression. Results identified that defense improvement expenditure has a positive influence on the R&D input, and R&D input positively affected patents using a 5-year time lag. In addition, R&D input positively impacts economic performance, including sales and profit. Hence, the major finding includes R&D inputs have statistically significant effects on economic outcome and the R&D logic model featuring a time-lag.
Keywords
Panel Data; R&D Input; R&D Performance; Time Lag; Defense Industry;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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