The Characteristics of SMEs Preferring Cooperative Research and Development Support from the Government: The Case of Korea

Yoo, Hyoung Sun; Lee, Chul; Jun, Seung-pyo

doi:10.3390/su10093048

Cited by 12 publications

(9 citation statements)

References 72 publications

(85 reference statements)

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“…Considering the results of Yoo et al, the support program at the R&D planning stage may be expected to be synergistic in connection with the cooperative research program [27].…”

Section: Discussion and Concluding Remarksmentioning

confidence: 99%

“…In addition to evaluating the outcomes of the policy, the ultimate goal of policy evaluation for SMEs is to study the characteristics of the demand group of the SME joint research support program in terms of open innovation from the approach of efficiency improvement of policies [27][28][29][30]. Using survey data of SMEs, through decision tree analysis and discriminant analysis methodology, SMEs that prefer a joint research support program have long R&D planning time, high external R&D investment, and lack of available equipment.…”

Section: Assessment Of Randd Planningmentioning

confidence: 99%

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Analysis of the Effect of R&D Planning Support for SMEs Using Latent Growth Modeling

2018

AJLPA

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Small and medium enterprises (SMEs) in Korea play a pivotal role in the national economy. However, due to scale limitations, the resources available to SMEs for innovation activities are limited. Therefore, as a means to compensate for the market failure of SMEs, which can be caused by resource limitations, and to ensure sustainable growth, the government supports the SMEs for innovation activities. Korea has fulfilled SME R&D planning support projects since 2002 to efficiently support SMEs' technology commercialization activities through systematic support in the early stages of the technology commercialization cycle. In order to analyze the effectiveness of SME R&D planning support program, this study conducted latent growth modeling analysis using financial data of three years of SMEs participating in the program. According to the analysis results, SMEs receiving R&D planning support funds have an increase in sales compared to those that do not. In particular, it was analyzed that the sales increase effect of companies supported by R&D funds continuously appeared more clearly. The result of this analysis is that policy support for SMEs can help technological innovation activities necessary for R&D planning, which is an early stage of SME technological innovation. This study is meaningful in that it quantitatively analyzes using latent growth model and the contribution of government support at the R&D planning stage to SMEs' innovation capabilities and their contribution to performance. However, it has a limitation that it does not address the specific impact path of the planning stage support on innovation capacity and innovation performance.

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“…Considering the results of Yoo et al, the support program at the R&D planning stage may be expected to be synergistic in connection with the cooperative research program [27].…”

Section: Discussion and Concluding Remarksmentioning

confidence: 99%

Section: Assessment Of Randd Planningmentioning

confidence: 99%

Analysis of the Effect of R&D Planning Support for SMEs Using Latent Growth Modeling

2018

AJLPA

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“…Songling et al [50] studied the influences of government policies on firm performance, and government policies are separated into two types: financial and non-financial. In addition, there are studies on the relationship of various government policies such as subsidies [51] and R&D support [52] to firms' performance.…”

Section: Background and Theorymentioning

confidence: 99%

What Types of Government Support on Food SMEs Improve Innovation Performance?

et al. 2021

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Since small and medium enterprises (SMEs) play an important role in economic development, the government implements various supports. Nevertheless, SMEs have difficulties in gaining a competitive advantage in the market owing to lack of capital and capacity. Accordingly, SMEs try to secure a competitive advantage through innovation. Government support is necessary for the innovation of SMEs, and it is essential for food SMEs as well. Whether government support for firms can affect firm’s innovation is still a matter of debate. In particular, it is necessary to empirically investigate the relationship between government support and innovation for SMEs in latecomers to the food industry such as Korea. Therefore, this study conducted an empirical study on the factors that determine the innovation performance of food SMEs by government support. This study used a two-stage regression model. The government support does not unilaterally affect innovation performance, but rather, an endogeneity problem occurs through the interaction between them. This study examined the interrelationships between variables for a clear estimate of government support. Before two-stage regression, this study used the ordered logistic regression to determine the instrumental variables. Each instrumental variable was estimated for the seven types of government support that are normally implemented. The result suggests that the government certification support is effective in improving the innovation performance of food SMEs. This study is useful to establish innovation strategies for supporting food SMEs’ innovation in late-coming countries.

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“…A few decades ago, in-house developments were the main source of innovation in enterprises [25]. Today, only large corporations can afford to carry out expensive research on their own.…”

Section: Problem Statementmentioning

confidence: 99%

Cooperation for Innovation: Opportunities and Challenges for SMEs (The Case of the Republic of Moldova)

Stratan

Novac

Виноградова

2020

International Conference Innovative Business Management &Amp; Global Entrepreneurship (IBMAGE 2020)

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In the contemporary economy, the sustainable growth of the competitiveness of small and medium-sized enterprises (SMEs) can be ensured provided that innovations are implemented in enterprises. The innovative potential of enterprises can be raised through various methods, including cooperation with other enterprises and researchers. The purpose of this paper is to analyze the innovation activity of SMEs in the Republic of Moldova and identify opportunities and barriers to cooperation of SMEs with other enterprises and research institutions in the Republic of Moldova in order to develop and/or implement innovations. The results of the research showed that in the Republic of Moldova, SMEs are quite reluctant and passive in cooperating with other companies and research institutions to implement innovations. Moreover, for the most part, Moldovan SMEs are not aware of the need to implement innovations based on research results, but researchers - of the need to market their results.

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The Characteristics of SMEs Preferring Cooperative Research and Development Support from the Government: The Case of Korea

Cited by 12 publications

References 72 publications

Analysis of the Effect of R&D Planning Support for SMEs Using Latent Growth Modeling

Analysis of the Effect of R&D Planning Support for SMEs Using Latent Growth Modeling

What Types of Government Support on Food SMEs Improve Innovation Performance?

Cooperation for Innovation: Opportunities and Challenges for SMEs (The Case of the Republic of Moldova)

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