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http://dx.doi.org/10.11627/jkise.2020.43.3.087

Analyzing the Influence Factors on Efficiency in Open R&D by Tobit Model  

Min, Hyun-Ku (School of Business and Economics, Hanyang University ERICA)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.43, no.3, 2020 , pp. 87-94 More about this Journal
Abstract
In this study, the factors affecting the efficiency of 48 projects of private R&D institutes were analyzed using the Tobit model. Influencing factors were selected as open R&D network size, IT industry, interaction between R&D network size and IT industry, and type of R&D network cooperation. As a result of Tobit analysis, the R&D network size, the IT industry, and the type of R&D network cooperation were found to be significant. The larger the open R&D network size, the lower the efficiency, and the IT industry showed lower R&D efficiency than other industries. In addition, cooperation with universities and research institutes showed lower R&D efficiency than cooperation with companies. As a result of these studies, companies will be able to select and focus on cooperation with the outside in relations and investment allocation.
Keywords
Open R&D; Tobit Model; R&D Effectiveness; Influential Factors;
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