• Proceedings of the Korea Contents Association Conference
• /
• 2011.05a
• /
• pp.121-122
• /
• 2011

본 연구는 한정된 비용으로 효율적/효과적인 기업성과를 도출하기 위해서는 R&D와 마케팅 부문의 연계가 필요하다는 기본관점에서 시작하였다. 연구 결과 R&D와 마케팅 연계 정도와 기술개발성공건수와는 무의미한 관계로 나타났으며 기술상용화건수와 매출액과는 유의한 (+)의 관계를 가지는 것으로 나타났다. 즉, R&D와 마케팅 연계는 기술개발 자체와는 관계가 없으며 개발된 기술의 경제적 성공에는 많은 영향을 미치는 것으로 나타났다.

• Journal of Korea Technology Innovation Society
• /
• v.20 no.1
• /
• pp.239-270
• /
• 2017

This paper examines the relationship between ownership structure and the intensity of R&D expenditures of a firm by analyzing the panel data composed of 553 manufacturing firms in KSE(Korea Stock Exchange) and KOSDAQ listed firms for the period of 2007-2014. The major findings are as follows; (1) Regarding the relationship between CEO stockholding and R&D intensity, we find the inverted-U shape relationship in KOSDAQ firms, consistent with the theoretical discussion and empirical studies on U.S. firms. The result suggests that management stockholding reduces agency problem at the R&D margin. On the contrary, the insignificant result in KSE firms seems to be due to the scant stockholding of most 'non-owner' CEOs. (2) Regarding the relationship between the largest shareholder's portion and R&D intensity, KSE firms exhibit negatively significant relationship, suggesting the existence of serious agency problem between the largest shareholder and the minor shareholders. This agency problem seems to be alleviated in KOSDAQ firms mainly because the founders with technology expertise are still in charge of the business. (3) Foreign investors seem to fail in effectively encouraging R&D expenditures in either KSE or KOSDAQ listed firms. This study contributes to the existing literature by showing for the first time that ownership structure affects R&D activities in different ways between KSE and KOSDAQ firms.

• Korea Trade Review
• /
• v.41 no.2
• /
• pp.29-60
• /
• 2016

Research and Development(R&D) investment is an issue of central importance in any economy. In this paper we analyze the relationship between R&D spillovers and trade-related variables, using a two-stage model where duopolists simultaneously decide on R&D in the first stage and engage in Cournot competition in the second stage. We characterized and compared the free-trade and trade-restriction R&D equilibrium in a two-stage game of R&D investment followed by Cournot market competition. We also assessed the impact of varying the R&D spillover on the equilibrium outcomes and tariff. We showed for both free trade and protection cases that there exists a unique symmetric solution(subgame perfect Nash equilibrium). As the solution, while analytical, cannot be stated in closed form, we resorted to numerical experiments to investigate the equilibrium results. Our estimates indicate for both free trade and protection cases that the level of R&D investment and the rate of R&D expenditure decrease as the degree of R&D spillovers increases, and that there is an inverse relation between the degree of R&D spillovers and level of protection. The latter implies that the larger the degree of R&D spillovers, the lesser the level of protection.

• Journal of Korea Technology Innovation Society
• /
• v.7 no.2
• /
• pp.257-281
• /
• 2004

In this paper we： (1) analyze the relationship among public R＆D investment, private R＆D investment, and GDP by employing the Clangor causality test; (2) examine if there is any country-specific pattern in the relationship by testing the cases of Korea, the U.S. and Japan. We found some common results for the above countries as follows： (i) GDP causes Public R＆D, not vice versa; (ii) Private R＆D causes GDP; and (iii) Public R＆D does not cause Private R＆D. For the bivariate model of GDP and total R＆D, the results show the existence of one-way causality running from total R＆D to GDP f3r both U.S. and Japan. We also found bidirectional causal relationship between GDP and total R＆D for Korea, which could be interpreted as a typical pattern for newly industrialized countries.

• Proceedings of the Korea Technology Innovation Society Conference
• /
• 2004.05a
• /
• pp.77-97
• /
• 2004

In this paper we: (1) analyze the relationship among public R&D investment, private R&D investment, and GDP by employing the Granger causality test; (2) examine if there is any country-specific pattern in the relationship by testing the cases of Korea, the U.S. and Japan. We found some common results for the above countries as follows: (i) GDP causes Public R&D, not vice versa; (ii) Private R&D causes GDP; and (iii) Public R&D does not cause Private R&D. For the bivariate model of GDP and total R&D, the results show the existence of one-way causality running from total R&D to GDP for both U.S, and Japan. We also found bidirectional causal relationship between GDP and total R&D for Korea, which could be interpreted as a typical pattern for newly industrialized countries.

• Journal of the Korea Convergence Society
• /
• v.10 no.11
• /
• pp.367-374
• /
• 2019

This study aims to examine the impact of corporate governance systems on the relationship between R&D investment and the performance of Chinese firms. The sample firms were obtained from the statistical yearbook of Chinese high-tech firms. We implement a multiple-regression analysis for an empirical examination. The findings of showed that the separation of the board chair with CEO strengthen the R&D investment-performance relationship of Chinese firms. However, the outsider ratio of the board was found to negatively moderate that relationship. This study provides practical guidelines for Chinese firms undertaking R&D management and corporate governance systems. It also encourages future study on the effects of corporate governance as the means for R&D investment management.

• 한국어정보학회:학술대회논문집
• /
• 2016.10a
• /
• pp.201-204
• /
• 2016

본 논문에서는 문서의 공기관계를 통해 추출된 문서의 특징을 이용하여 유사 보고서를 판별하는 시스템을 제안한다. 국가 R&D 보고서의 XML형식 파일에서 텍스트를 추출 후, 문장 단위로 나누어 각 문장의 공기관계를 추출한다. 그 후 공기관계의 노드와 엣지를 문서에 추가하고, 노드로 사용된 단어만 남기고 나머지 단어는 제외한다. 그리고 이것을 문서의 특징으로 삼고 유사도 계산을 한다. 이 때, 유사도 계산은 코사인 유사도를 사용한다. 실험결과, 국가 R&D문서 유사도 계산에서 제안된 방법이 기존의 방법보다 높은 분류율을 보여주었다.

• Annual Conference on Human and Language Technology
• /
• 2016.10a
• /
• pp.201-204
• /
• 2016

본 논문에서는 문서의 공기관계를 통해 추출된 문서의 특징을 이용하여 유사 보고서를 판별하는 시스템을 제안한다. 국가 R&D 보고서의 XML형식 파일에서 텍스트를 추출 후, 문장 단위로 나누어 각 문장의 공기 관계를 추출한다. 그 후 공기관계의 노드와 엣지를 문서에 추가하고, 노드로 사용된 단어만 남기고 나머지 단어는 제외한다. 그리고 이것을 문서의 특징으로 삼고 유사도 계산을 한다. 이 때, 유사도 계산은 코사인 유사도를 사용한다. 실험결과, 국가 R&D문서 유사도 계산에서 제안된 방법이 기존의 방법보다 높은 분류율을 보여주었다.

• Journal of Technology Innovation
• /
• v.18 no.1
• /
• pp.75-98
• /
• 2010

The purpose of this paper is to give policy implications for relevant policy-makers by analyzing factors affecting performance of industrial R&D programs of the Ministry of Knowledge Economy. The independent variables are type of project leader organization(Big Enterprises, SMEs, Ventures Businesses, Public Research Institutions, Universities), cooperative or noncooperative R&D among industry-university-research institution, total number of project participant organization, total R&D investment, and the ratio of private investment to total R&D investment. The dependent variables are domestic or foreign patents granted and domestic or foreign papers accepted. The method of analysis is Poisson Regression analysis operated by STATA. The results of this research are follows ; Universities show higher R&D performance compared to enterprises or public research institutions in terms of patents and papers as well. Venture businesses show higher patent performance compared to SMEs. Inverted U-shaped relationship between total number of project participant organization and R&D performance is not supported. The higher total R&D investment, the higher R&D performance. The higher the ratio of private investment to total R&D investment, the higher R&D performance.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.12 no.7
• /
• pp.3053-3061
• /
• 2011

This study examines the relationship between R&D(research & development) investment and market value among KOSDAQ firms in the Korea Stock Exchange. We investigate the effect of R&D investment on firm value in both total sample and sub-samples classified by firm characteristics based on types of firms. And we study the impact of a major economic disruption as the global financial crisis triggered by sub-prime mortgage problem in the US on R&D investment relative to the firm value. We find that R&D investment positively affects firm value and the squared term of R&D investment is found to be significant and negatively correlated with market value. This suggests the presence of nonlinear relationship like a reverse U-shape between R&D investment and market value in total sample and most of sub-samples. And we find firm characteristics and global financial crisis partially affect the contribution of R&D investment to market value in some of sub-samples.