• International Area Studies Review
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• v.22 no.4
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• pp.99-121
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• 2018

This study investigated the factors influencing the knowledge acquisition of Thai local partners from advanced foreign partners through international joint ventures(IJVs). For this purpose, this study initially identified three dimensions of characteristics in the context of IJVs that would influence local partners' knowledge acquisition - a local partners' own characteristic (absorptive capacity), a relationship characteristic with IJVs (proximity to the equal equity ownership), and a relationship characteristic with foreign partners (trust), and examined their effects on local partners' knowledge acquisition. The study further investigated the moderating effects of the tacitness of knowledge on the relationships between those characteristics and knowledge acquisition. Based on the data collected from Thai IJV local partners, results revealed that a local partners' own characteristic, absorptive capacity, and a relationship characteristic with IJVs, proximity to the equal equity ownership, had a strong positive effect on local partners' knowledge acquisition. Results further showed that the tacitness of knowledge strengthened the relationships between absorptive capacity and knowledge acquisition and between trust and knowledge acquisition, but not the relationship between proximity to the equal equity ownership and knowledge acquisition.

• 한국벤처창업학회:학술대회논문집
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• 2017.04a
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• pp.49-49
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• 2017

This paper provides theory and evidence on how venture capital's (VC's) investment influence on new venture (NV) performance. Despite the wealth of research on the relationship between VC's investment and NV's performance, there are conflicts about whether the VC's investment can contribute to the performance of NV and NV's market value or not. For the accurate measure of the investment effect from VC, this research explored how the venture capital's investment in each development stage affects the NV's performance. The research was based on signaling theory and the theory of information asymmetry and looked for which factors affect a NV's performance. Using a sample of 364 firms went to public from 2000 to 2007, we find NV performance increases as NV acquires initial investment of VC in the early stage of development. While NV's potential absorptive capacity moderates the main relationship positively, we find no indication that NV's realized abortive capacity and NV's reputation have significant effect on the main relationship as moderators.

• Journal of Practical Engineering Education
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• v.7 no.1
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• pp.57-66
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• 2015

While North-South cooperation (NSC) continues to play a considerably dominant role in international development cooperation efforts, there is growing criticisms across the world as to the role and effectiveness of the NSC to support the developing countries to meet their development needs. As such, South-South cooperation (SSC) has become a subject of discussion in recent years across the world in international development and has increasingly become popular as an effective aid modality. However, there is unavailability of sufficient empirical studies about the efficacy of the SSC in the context of Bangladesh. The present paper attempts to examine two KOICA's projects to facilitate HRD in ICT in Bangladesh taking into consideration of Korea as a southern country. The study revealed that Korea's bilateral development cooperation efforts have been effective so far to fulfill their objectives. The findings of the study put forward that SSC may work in the form of technical cooperation to support the developing countries, provided that technical cooperation is demand-driven, and that there is sufficient level of absorptive capacity and supportive policy as well on the part of developing partner country to utilize external skills and technology.

• Journal of Technology Innovation
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• v.27 no.4
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• pp.49-84
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• 2019

This study analyzes the improvement of absorptive capacity by basic research and the mediating effect of applied research to the innovations in the semiconductor industry. With 103 firms in the last 20 years tested firstly, applied research gives a more significant effect than basic research on the innovations. Secondly applied research functions as complete mediating effect between basic research and technological innovations. We also confirms high-performing firms are active in basic research to overcome technological hurdles. This paper suggests that basic research is needed as well as applied research. This study also implies strategic partnership and joint research with universities which have more suitable environment for basic research are needed in a long-term.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.1
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• pp.205-215
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• 2020

The purpose of this paper is to empirically analyze the determinants of foreign subsidiary's local embeddedness because it is critically important for the subsidiary to build a variegated local network. This paper suggests that a MNC's global capability, the degree of autonomy granted by the headquarters of the multinational corporation to its foreign subsidiary, the foreign subsidiary's absorptive capacity based on local environment, and its level of localization will affect the subsidiary's local network embeddedness. The empirical analysis confirmed that when the headquarters gives the foreign subsidiary more autonomy, this has a positive effect on the local embeddedness of the foreign subsidiary and when the foreign subsidiary has a strong absorptive capacity, this has a positive correlation with the local embeddedness of the foreign subsidiary. And this paper found that when the foreign subsidiary has achieved a high level of staff localization, this foreign subsidiary will have a higher level of local embeddedness. This study identified the preceding conditions necessary for a foreign subsidiary of a multinational corporation to effectively embed itself in the local network by analyzing factors related to the multinational corporation's headquarters and subsidiaries, and thus contributes significantly to continued research on the local embeddedness of subsidiaries.

• Asian Journal of Innovation and Policy
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• v.7 no.1
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• pp.103-130
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• 2018

It is generally understood that clusters are the promoters of innovation and therefore, the attention of researchers has been increasingly to discern the factors driving innovation among the firms in a cluster, especially in a high-tech cluster. In this study, we identify the variables capturing the nature of a firm that possibly impact the absorptive capacity of a firm and subsequently ascertain their impact on the degree of interactions between a firm, and other firms and associated institutions within and outside a cluster, respectively. Furthermore, we probe the influence of these interactions as a whole on firm-level innovation. The study was carried out in the context of Bengaluru, which houses the densely interconnected network of innovation-intensive high-tech manufacturing firms forming a high-tech manufacturing cluster. Data were drawn from 101 high-tech manufacturing firms belonging to electronics, machine tools, electrical and pharmaceutical industries. Based on the cluster analysis and subsequent graphical analysis on each of the three profiled clusters, it was found that size and origin of a firm have significant impact on the degree of firm's interactions. In turn, higher dynamism of firms in terms of degree of interactions led to higher innovation performance.

• Journal of Digital Convergence
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• v.8 no.2
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• pp.29-42
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• 2010

To improve the performance of R&D investments, government has taken great efforts for advancing the structure and process in R&D systems. However, due to the drastic internal/external changes in the technological environment and the steady increase of investment scale, the necessity for a innovative approach which accomplishes returns to scale through the utilization of various external resources is emerging. In this regard, open innovation approach can minimize the possibility of government failures by strengthening the absorptive capacity of external resources and enhancing the cooperation and participation of diverse innovative participants within the R&D system. This paper evaluates the previous researches and government policies concerning the performances of government R&D investments, and presents the connectivity between open innovation and its possible contribution to the improvement of R&D investment performances.

• Journal of Distribution Science
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• v.20 no.10
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• pp.51-60
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• 2022

Purpose: The aim of this research is to study 1) the effects of internal factors (technological capability and entrepreneurial orientation) that affect Thailand's hotel business network capability. 2) the effects of external factors (government policy and trust relationship) that affect Thailand's hotel business network capability. 3) the impact of network capability on the firm performance. 4) the moderating effect of absorptive capacity between network capability and firm performance. Research design, data and methodology: The test model collected data from a mail survey of 164 hotel businesses in Thailand. The correlation and multiple regression were adopted to analyze and test the proposed hypotheses. Results: Interestingly, technological capability, entrepreneurship orientation, and trust relationship have a direct impact on network capability. However, network capability still does not have a significant relationship with firm performance in all dimensions. Surprisingly, the absorptive capacity does not have a moderating effect on the relationship of network capability on firm performance of hotel businesses in Thailand. Conclusions: This research found that the hotel business should focus on analyzing the external and internal environment as it affects network building, which will guide the creation of strategies for further increasing hotel distribution channels and competitive advantage.

• Journal of Korea Technology Innovation Society
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• v.22 no.2
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• pp.186-206
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• 2019

While the amount of Official Development Assistance (ODA) in Korea has been increasing, there are some criticism about the effectiveness and management of ODA itself. The ODA in the area of Science, Technology and Innovation (STI) is also increasing but seems to have many problems. First, there is not clearly defined or agreed definition for STI ODA internationally as well as domestically. Second, the evaluation on the STI ODA performance is not enough. Third, the planning and management capability to implement ODA project is generally lacking. In this background, the issue of performance factors of STI policy consultation project was analyzed using the case studies and expert interviews. It is concluded that not only STI knowledge transferring capacity but also the absorptive capacity is important for the success of STI policy consultation project. In this sense, it is suggested to plan and manage the STI ODA project with the consideration of both transferring capacity and absorptive capacity.

• Journal of Soil and Groundwater Environment
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• v.28 no.3
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• pp.12-28
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• 2023

Each national groundwater monitoring well showed distinct change patterns in groundwater levels and electrical conductivity (EC) in the Nakdong River Estuary, implying different external forces (EFs) on each well. According to the annual average data in 1997-2020, seawater was invaded into Well C. The desalination rate of -1,062 µS/cm/year represents the adaptive capacity of the well to seawater intrusion. The water levels and EC in Well E responded to precipitation, indicating the low absorptive capacity to climate changes. Meanwhile, Well B showed constant increases in water levels, suggesting that problems by rising groundwater should be considered in the study area where confined aquifers are overlaid by clay aquitards. The other wells showed consistent water levels and EC, indicating resilience to EFs. Here, resilience is the capacity of a well to resist changes by EFs, including the absorptive and adaptive capacity. The resilience of Wells E and F to climate changes was quantitatively compared using a resilience cost (RC). The RC showed Well F was more resilient than Well E, and the bedrock aquifer was more resilient than the alluvium aquifer, supporting the usefulness of RC. The resilience assessment against EFs (e.g., changes in land use and climate) helps sustainable groundwater management.