The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture Companies
Today, innovation is achieved by challenging the existing paradigm through cross-field collaboration, and R&D innovation plays a particularly crucial role. This study analyzed the effects of R&D innovation activities on business management performance in South Korea and examined the role tha...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2021-10-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/7/4/210 |
| _version_ | 1797669242596753408 |
|---|---|
| author | Seunghoo Jin Daeyu Kim |
| author_facet | Seunghoo Jin Daeyu Kim |
| author_sort | Seunghoo Jin |
| collection | DOAJ |
| description | Today, innovation is achieved by challenging the existing paradigm through cross-field collaboration, and R&D innovation plays a particularly crucial role. This study analyzed the effects of R&D innovation activities on business management performance in South Korea and examined the role that patents play in various R&D innovation activities. Panel regression and moderating effect analyses were conducted on small- and medium-sized venture enterprises that undertook new technology projects over five years (2015–2019). The results showed that R&D innovation activities had a significantly positive effect on both revenue, an indicator of business growth, and operating profit, an indicator of profitability. This implies that such activities play a positive role in management activities. Thus, enterprises should consider R&D innovation activities from a business growth strategy perspective. Additionally, the analysis showed that a firm’s capacity to hold patents on R&D innovation activities has a positive moderating effect on business management performance. This study is significant, as it reveals the cause-and-effect relationship between R&D innovation actives and business management performance as well as the role of various types of innovation. The results could help enterprises to seamlessly implement innovation activities in the future. |
| first_indexed | 2024-03-11T20:41:22Z |
| format | Article |
| id | doaj.art-56191b1d492a4810ab5c6fa7b22803e2 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-11T20:41:22Z |
| publishDate | 2021-10-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-56191b1d492a4810ab5c6fa7b22803e22023-10-02T02:00:27ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312021-10-01721021010.3390/joitmc7040210The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture CompaniesSeunghoo Jin0Daeyu Kim1Innovation Team, Samsung SDS, Seoul 05510, KoreaDepartment of Bigdata Industrial Security, Namseoul University, Seoul 31020, KoreaToday, innovation is achieved by challenging the existing paradigm through cross-field collaboration, and R&D innovation plays a particularly crucial role. This study analyzed the effects of R&D innovation activities on business management performance in South Korea and examined the role that patents play in various R&D innovation activities. Panel regression and moderating effect analyses were conducted on small- and medium-sized venture enterprises that undertook new technology projects over five years (2015–2019). The results showed that R&D innovation activities had a significantly positive effect on both revenue, an indicator of business growth, and operating profit, an indicator of profitability. This implies that such activities play a positive role in management activities. Thus, enterprises should consider R&D innovation activities from a business growth strategy perspective. Additionally, the analysis showed that a firm’s capacity to hold patents on R&D innovation activities has a positive moderating effect on business management performance. This study is significant, as it reveals the cause-and-effect relationship between R&D innovation actives and business management performance as well as the role of various types of innovation. The results could help enterprises to seamlessly implement innovation activities in the future.https://www.mdpi.com/2199-8531/7/4/210business performanceR&D activitiespanel data analysispatents |
| spellingShingle | Seunghoo Jin Daeyu Kim The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture Companies Journal of Open Innovation: Technology, Market and Complexity business performance R&D activities panel data analysis patents |
| title | The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture Companies |
| title_full | The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture Companies |
| title_fullStr | The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture Companies |
| title_full_unstemmed | The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture Companies |
| title_short | The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture Companies |
| title_sort | effects of patents on the relationship between r d activities and business management performance focus on south korean venture companies |
| topic | business performance R&D activities panel data analysis patents |
| url | https://www.mdpi.com/2199-8531/7/4/210 |
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