• 한국벤처창업학회:학술대회논문집
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• 2007.04a
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• pp.101-122
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• 2007

In this study, as the result of analyzing the relationship and influence between economic outcome and R&D supporting investment, the number of supporting subjects among the technological innovational areas of SMEs, it is as below. First, as the economic result of analyzing companies from the investment in R&D of technological innovational areas of minor companies, the number of supporting subjects and amount of R&D have relationship with increase of sales and export amount, employee reduction & the effect of new job creation shows positive correlation with the effect of import replacement. Second, as analyzing the influence of the investment in R&D has economic effect from of technological innovational minor companies. This is thought that the financial and R&D support increase a significant effect on economical, technical against SMEs.

• Journal of Technology Innovation
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• v.24 no.4
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• pp.127-158
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• 2016

Multinational corporations' overseas R&D activities bring host countries positive effects such as knowledge spillover, technology transfer, job creation and etc. For this reason, many countries have made efforts to attract foreign firms' R&D investment in their national territories. Korean government have also implemented some policy measures to expedite foreign firms operating in Korea to increase R&D activities. However, the firms' R&D investment in Korea has still been unsatisfactory, and only few studies have examined this issue. Therefore, this study attempts to explain the R&D investment of foreign firms operating in Kore, from the perspective Dunning's eclectic paradigm. Utilizing linear regression and Tobit model, this study analyzes the influence of OLI advantages on R&D intensity of foreign firms in Korea. The result shows that locational advantages of Korea (such as revealed technological advantage) had positive influences on foreign firms' R&D intensity. However, the influence of other OLI advantages were different by foreign firms' nationalities. For instance, internalization advantages had influences on R&D intensity, but the directions were different between Japanese and other nationalities. Based on the results, we provided some discussion and attempted to draw implications for Korean government's FDI and R&D policy.

• Journal of Korea Technology Innovation Society
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• v.20 no.3
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• pp.546-575
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• 2017

This paper investigates the effects of public R&D support on medium-sized firms' R&D investment. The paper collects a panel dataset of Korean manufacturing firms' R&D investment and public support, and employs the DID (difference-in-differences) regression for the test of stimulating or crowding-out effect. Empirical analysis examines how the effect of public R&D support differs between small and medium-sized firms and whether firm size and technological capability moderate the effect in the sample of medium-sized firms. Empirical results show that public R&D support tends to generally stimulate private pure R&D investment for both small and medium-sized firms. Comparing the results for small and medium-sized firms, this paper finds that the stimulating effect is relatively larger and more significant for medium-sized firms, while the effect is not significant for small ones. Furthermore, the paper shows that the stimulating effect of public R&D subsidy on private R&D investment is relatively stronger for medium-sized firms with superior technological competence and the effect of tax support is greater for incompetent firms. These results suggest that public R&D policies and R&D programs, differentiated from those for existing small firms, are necessary for medium-sized firms to stimulate private R&D continuously and formulated carefully by considering firm size, technological capability and growth potential.

• Patent21
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• s.55
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• pp.9-12
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• 2004

본 조사는 국내 진출한 외국인투자기업의 연구개발 활동에 대한 실태조사로서, 외환위기 이후 외국인투자가 크게 증가하고 있는 상황에서 실시된 본격적인 실태조사로서 의의를 지닌다. 외국인투자는 외국인이 대한민국 법인(설리중인 법인을 포함) 또는 대한민국 국민이 영위하는 기업이 발행한 의결권 있는 주식총수 또는 출자총액의 100분의 10이상을 소유라고, 최소투자금액이 5천만원 이상인 기업을 의미한다. 본서에서는 외국인투자기업의 연구개발 현황을 살피기 위해, 한국에서 출원된 특허를 통한 IT 및 BT 분야 기술 동향을 보다 객관적인 지표로 진단해보고자 한다.

• Journal of Industrial Convergence
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• v.19 no.5
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• pp.13-19
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• 2021

In this study, the relationship between R&D investment and firm value was approached from ESG's G(governance) perspective to verify the moderating effect of the corporate governance and ownership structure. To this end, a panel analysis was conducted on a total of 2,825 samples of 405 manufacturing companies listed on the KOSPI market during 2013~2020. The main analysis results are as follows. First of all, we found that R&D investment has a negative impact on firm value, at least in the short term, and that these relationships are moderated by corporate governance and ownership structure. When professional CEO with high level of expertise in business and management does lead R&D investment, the negative impact of R&D investment on firm value is mitigated compared to owner-manager. Also, the stronger the power of outside blockholders, the more transparent the management and disclosure of information, alleviating the information asymmetry between internal and external shareholders, which mitigates the negative impact of R&D investment on firm value. The findings suggest that the factors of ESG may not only have a direct impact on firm value, but also have a moderating effect on firm value.

• Journal of Technology Innovation
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• v.31 no.1
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• pp.1-28
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• 2023

본 챕터는 과거 50년 연구개발정책의 역사를 돌이켜보면서 한국 산업과 경제의 성장과정에서 연구개발정책이 어떤 역할을 수행했는가를 조명한다. 1960년 초 경제개발 5개년계획을 추진하기 시작하던 때부터 1970년 대 말까지 연구기반 구축기, 1981년부터 2000년까지 연구역량 축적기, 2001년부터 2020년 현재까지 연구개발 도약기 등 3단계로 나눠서 살펴본다. 연구기반 구축기간 중에는 연구개발 투자의 증가와 함께 본격적인 연구와 우수 연구인력을 양성하기 위하여 여러 국책연구기관을 설립하였으며 연구 단지를 조성하는 등 연구기반을 구축하는 정책을 추진하였다. 다양한 분야의 전문 연구기관의 설립 필요성이 제기되자 주요 분야 연구조직을 KIST 부설 형태로 발족한 후 독립 연구기관으로 분리하는 것이 주요 정책이었다. 연구역량 축적기에는 정부가 연구개발 사업을 기획하여 추진하였고 1990년대에 이르러서는 대학의 연구 잠재력을 조직화함으로써 연구역량을 축적하였다. 수출 고도화와 수출시장에서의 경쟁력을 향상해야 하는 기업들의 절박한 기술혁신의 필요성에 기인하여 기업의 연구개발 투자가 급속도로 증가했다. 2000년대에 이르러서는 우리나라 연구개발투자가 절대규모에서도 세계 5위국으로 부상했고, GDP대비 연구개발투자 비중에서는 세계 최고 수준에 도달했다. 이렇듯 연구기반 구축기, 연구역량 축적기, 연구개발 도약기를 거치면서 우리나라는 매 20여년의 주기로 연구개발 시스템을 시대 상황에 맞도록 정책을 혁신하여 추진함으로써 오늘에 이르렀다. 과학기술의 혁신은 산업과 기업의 성장에 결정적인 기여를 하였다. 정부의 도전적인 연구개발 투자는 정밀한 정책 기획과 추진이 병행되면서 그 효과가 발휘되었고 산업과 기업의 성장을 견인할 수 있었다.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2005.05a
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• pp.18-32
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• 2005

본 연구는 IT 기업의 R&D활동의 성과를 파악하는 것을 목적으로 한다. 공공 R&D의 성과에 대한 연구는 상당부분 진척이 이루어졌으나, 경제의 주체인 민간기업의 R&D 활동에 대한 연구는 부족한 실정이다. 이 연구목적을 위하여, 기업의 재무자료를 이용하여 R&D투자액을 집계하였으며, IT기업의 경영성과도 분석하였다. 분석한 결과를 간단하게 요약하면, 다음과 같다. 첫째, IT기업은 대기업의 R&D투자 비중이 $93.6\%$에 달한다. IT R&D 투자 상위 10개 기업이 IT 산업에서 매출액의 $71\%$, 종업원의 $61\%,$ R&D 투자의 $87\%$를 차지한다. 둘째, 기업의 투자활동은 선택과 집중의 원칙에 따라 R&D 투자에 주력하는 경향이 강해졌다. 유형자산투자는 급격한 감소를 보이는 반면, R&D투자는 증가하고 있다. 셋째, IT 중소기업의 R&D투자는 한계가 있을 수밖에 없다. 본 연구에서 나타난 분석결과의 시사점을 보면, IT 중소기업의 R&D 투자는 한계가 있을 수밖에 없다. 따라서 중소기업의 R&D투자의 효율성을 높여주는 한편, 미래성장의 seed에 대한 준비와 단기 개발연구를 통해 기업의 수익에 기여할 수 있도록 해야 할 것이다. 또한 IT 대기업과 중소기업의 R&D에 대한 효율적인 네트워크를 구축하는 것도 IT기업의 활성화를 위해 요구된다.

• Journal of Convergence for Information Technology
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• v.8 no.4
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• pp.213-217
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• 2018

The relationship between R&D investment and subsequent change has been mostly confirmed under additional influencing factors, with the form of innovation investments. The research assumes that a firm adjusts its R&D spending in accordance to performance feedback. It is argued that an increased fluctuation of a firm's R&D expense is related to a reduced performance. This hypothesis is tested on SME in World class 300 Projet by SMBA. Using panel data models, instability measured by SD is related to performance levels measured by ROA, ROE & PM. Results support the proposed relationship between R&D expense instability and the subsequent performance. Although a causal link cannot be clearly established, the results indicate that firms with a lower performance have higher R&D investment fluctuations, possibly being more responsive to performance feedback.

• The Journal of the Korea Contents Association
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• v.17 no.5
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• pp.8-17
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• 2017

Using 1855 observations from 5 years-371 firms panel data during 2010 to 2014 in Chinese stock exchanges, this study examines the impact of managers' ownership on R & D expenditures. The empirical study finds that when firms are state-owned, managers' ownership have negative relation with the level of R & D expenses as well as the likelihood of executing R & D investment, implying that managers are less likely to invest in high risky projects due to managerial ownership's entrenchment effects to pursue private benefits rather than alignment of interest effect as shareholders. The empirical study also finds that when firms are private-owned, managerial ownership are inverse U shaped related to the level of R & D expenses, implying that managers are less likely to invest in high risky projects due to increasing risk aversion resulting from concentration of private wealth at its high level while managers are more likely to invest in high risky projects due to increasing incentives as shareholders at its low level. The results support that the effects of managerial ownership on R & D expenses may be different according to the ownership type of Chinese listed firms.

• Journal of Korea Technology Innovation Society
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• v.19 no.3
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• pp.417-438
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• 2016

The choice of SMEs between standardization and R&D is one of the strategies of building capabilities for achieving competitive advantages under the liabilities of newness and smallness. This paper provides empirical evidence of Korean SMEs choice between standardization and R&D. We hypothesize two possible impacts of standardization intensity on sales performance; a positive linear and a U-shaped relationship. The analysis of data on 821 Korean SMEs from information and technology, and electricity and electronics industries in 2013 shows an U-shaped relationship between relative standardization intensity over R&D and sales performance.