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http://dx.doi.org/10.5762/KAIS.2018.19.9.427

The Study on the Performance and Determinants of Product Innovation in Machinery Industry  

Bong, Kang Ho (Department of Management of Technology, Konkuk University)
Park, June Young (Hansung Precision Co., Ltd.)
Park, Jaemin (Department of Management of Technology, Konkuk University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.19, no.9, 2018 , pp. 427-434 More about this Journal
Abstract
As noted by Pavitt (1984) and Malerbar (2002), previous studies have focused on identifying differences in industry characteristics between the machinery industry and other manufacturing industries. This study considered quantitative and qualitative aspects of performance of product innovation in analyzing what factors determine those outcomes. In particular, this study examined stepwise selection processes embedded in innovation activities by applying a hurdle negative binomial model as well as the Heckman two-step selection model. Results show that factors affecting performance improvement and patents differ, and the threshold effect and the intensity effect of innovation were also distinguished. These results imply that the R&D capability should be enhanced and external innovation is required to be effectively embodied in the organization. Furthermore, motivating employees plays a pivotal role in this technology and skill-intensive sector.
Keywords
Machinery Industry; Product Innovation; Determinant; Innovation Performance; Technological Innovation;
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Times Cited By KSCI : 3  (Citation Analysis)
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