Factors affecting business performance of e-mobility companies in Korea
The emergence of e-mobility is leading to significant changes in the field of mobility. It has the potential to address the issue of climate change and provide personalized technology to various consumers through the use of intelligent technology. As e-mobility is an emerging industry, technological...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-06-01
|
| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853123001403 |
| _version_ | 1797391836413689856 |
|---|---|
| author | Seunghyun Kim Changhyeon Song Kwangsoo Shin |
| author_facet | Seunghyun Kim Changhyeon Song Kwangsoo Shin |
| author_sort | Seunghyun Kim |
| collection | DOAJ |
| description | The emergence of e-mobility is leading to significant changes in the field of mobility. It has the potential to address the issue of climate change and provide personalized technology to various consumers through the use of intelligent technology. As e-mobility is an emerging industry, technological innovation and the survival and growth of companies within it are crucial. Unlike the automobile industry, e-mobility industry is a low-tech sector and low entry barriers, and has characteristics that are composed of SMEs. Nevertheless, there is a lack of research on the factors that affect the performance of e-mobility companies. This study aimed to identify the performance factors of e-mobility companies and analyze their impact on growth and profits. The study was conducted on the e-mobility industry in Korea, where advanced ICT and transportation technology have enabled the industry to make significant progress. The study found that higher investment in R&D for technological innovation led to better growth potential and profitability for e-mobility companies. It also revealed that improving synergies at the regional level cluster policy is crucial for performance, rather than just temporary policy support at the national level. |
| first_indexed | 2024-03-08T23:38:28Z |
| format | Article |
| id | doaj.art-218ceede25054cebbfbc66f4b4ffcf92 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-08T23:38:28Z |
| publishDate | 2023-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-218ceede25054cebbfbc66f4b4ffcf922023-12-14T05:22:13ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312023-06-0192100038Factors affecting business performance of e-mobility companies in KoreaSeunghyun Kim0Changhyeon Song1Kwangsoo Shin2Office of Entrepreneurship and Innovation Studies, Science and Technology Policy Institute, 370 Sicheong-daero, Sejong 30147, Republic of KoreaOffice of National R&D Evaluation and Analysis, Korea Institute of S&T Evaluation and Planning, 1339, Wonjung-ro, Maengdong-myeon, Eumseong-gun, Chungcheongbuk-do 27740, Republic of KoreaGraduate School of Public Health and Healthcare Management / Catholic Institute for Public Health and Healthcare Management, Songeui Medical Campus, The Catholic University of Korea, 222 Banpo-daero, Seocho-gu, Seoul 06591, Republic of Korea; Corresponding author.The emergence of e-mobility is leading to significant changes in the field of mobility. It has the potential to address the issue of climate change and provide personalized technology to various consumers through the use of intelligent technology. As e-mobility is an emerging industry, technological innovation and the survival and growth of companies within it are crucial. Unlike the automobile industry, e-mobility industry is a low-tech sector and low entry barriers, and has characteristics that are composed of SMEs. Nevertheless, there is a lack of research on the factors that affect the performance of e-mobility companies. This study aimed to identify the performance factors of e-mobility companies and analyze their impact on growth and profits. The study was conducted on the e-mobility industry in Korea, where advanced ICT and transportation technology have enabled the industry to make significant progress. The study found that higher investment in R&D for technological innovation led to better growth potential and profitability for e-mobility companies. It also revealed that improving synergies at the regional level cluster policy is crucial for performance, rather than just temporary policy support at the national level.http://www.sciencedirect.com/science/article/pii/S2199853123001403E-mobility industryEmerging industryBusiness performanceR&D investmentNational-level policyRegional-level policy |
| spellingShingle | Seunghyun Kim Changhyeon Song Kwangsoo Shin Factors affecting business performance of e-mobility companies in Korea Journal of Open Innovation: Technology, Market and Complexity E-mobility industry Emerging industry Business performance R&D investment National-level policy Regional-level policy |
| title | Factors affecting business performance of e-mobility companies in Korea |
| title_full | Factors affecting business performance of e-mobility companies in Korea |
| title_fullStr | Factors affecting business performance of e-mobility companies in Korea |
| title_full_unstemmed | Factors affecting business performance of e-mobility companies in Korea |
| title_short | Factors affecting business performance of e-mobility companies in Korea |
| title_sort | factors affecting business performance of e mobility companies in korea |
| topic | E-mobility industry Emerging industry Business performance R&D investment National-level policy Regional-level policy |
| url | http://www.sciencedirect.com/science/article/pii/S2199853123001403 |
| work_keys_str_mv | AT seunghyunkim factorsaffectingbusinessperformanceofemobilitycompaniesinkorea AT changhyeonsong factorsaffectingbusinessperformanceofemobilitycompaniesinkorea AT kwangsooshin factorsaffectingbusinessperformanceofemobilitycompaniesinkorea |