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http://dx.doi.org/10.5762/KAIS.2019.20.2.469

A Study on the Influence of the Government's Innovation Promotion Policy on the Innovation Performance of the Service Industry  

Woo, Jihwan (Graduate School of Management of Technology, Korea University)
Kim, YoungJun (Graduate School of Management of Technology, Korea University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.20, no.2, 2019 , pp. 469-482 More about this Journal
Abstract
This paper analyzes the effects of government support systems, regulation, and innovation promotion policy on technological innovation performance of companies in the service industry using 4,000 Korean service industry companies. Multiple and hierarchical multiple regression analysis were used to analyze the correlation between the individual factors and process innovation and product innovation. Government support, regulation and technology innovation in the service industry were tested. In addition, government innovation promotion policy includes government support and regulation and the technological innovation performance of service firms. As a result, the government support system affects both the process innovation and the product innovation performance in the service industry, but affects only the process innovation performance in the case of regulation. Innovation promotion policy was found to regulate the relationship between government support systems and regulation and innovation performance of the service industry. Therefore, these findings provide strategic implications for the management of enterprises in relation to government support systems and innovation policy. It is necessary to reorganize regulations that are outdated to improve the effect of innovation policies on innovation performance.
Keywords
Innovation Management; Product Innovation; Process Innovation; Government Support Program; Regulation; Innovation Promotion Policy;
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