Open innovation strategy and performance of SMEs in the IT industry located in Korea's innovation clusters: the role of government subsidies

被引:1
作者
Son, Soo Chang [1 ]
Zo, Hangjung [2 ,4 ]
Jeong, Myeongki [3 ]
Steinberger, Tom [2 ]
机构
[1] Korea Innovat Fdn, Daejeon, South Korea
[2] Korea Adv Inst Sci & Technol KAIST, Coll Business, Sch Business & Technol Management, Daejeon, South Korea
[3] Korea Railroad Res Inst KRRI, Uiwang, South Korea
[4] Korea Adv Inst Sci & Technol KAIST, Coll Business, Sch Business & Technol Management, 291 Daehak Ro, Daejeon 34141, South Korea
关键词
Open innovation; Government R&D subsidy; Innovation performance; Korea's innovation cluster; Growth stage; RESEARCH-AND-DEVELOPMENT; ABSORPTIVE-CAPACITY; FIRM PERFORMANCE; KNOWLEDGE TRANSFER; DEVELOPMENT COLLABORATION; DEVELOPMENT INVESTMENT; FINANCIAL PERFORMANCE; EMPIRICAL-EVIDENCE; TECHNOLOGY; IMPACT;
D O I
10.1080/19761597.2023.2208641
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examines the effect of small and medium-sized enterprises (SMEs)' open innovation activities on performance, depending on the growth stage. It also studies the mediating effect of government subsidies on SMEs' innovation performance. We collected data from 452 SMEs in the information technology (IT) industry located in Korea's innovation clusters. The findings show that SMEs' absorptive capacity and external network activities positively influence their performance, with stronger effects for SMEs in their mature growth stage. Moreover, a higher ratio of government subsidies in R&D investment positively mediates the relationship between external network activities and innovation performance. This study presents several implications for policymakers to support SMEs' R&D activities using government subsidies.
引用
收藏
页码:274 / 296
页数:23
相关论文
共 104 条
[1]   The effects of public R&D subsidies on firms' innovation activities: The case of Eastern Germany [J].
Almus, M ;
Czarnitzki, D .
JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 2003, 21 (02) :226-236
[2]   Cash-Out or Flameout! Opportunity Cost and Entrepreneurial Strategy: Theory, and Evidence from the Information Security Industry [J].
Arora, Ashish ;
Nandkumar, Anand .
MANAGEMENT SCIENCE, 2011, 57 (10) :1844-1860
[3]   What percentage of innovations are patented? empirical estimates for European firms [J].
Arundel, A ;
Kabla, I .
RESEARCH POLICY, 1998, 27 (02) :127-141
[4]   Sources of increasing returns and regional innovation in the UK [J].
Athreye, SS ;
Keeble, D .
REGIONAL STUDIES, 2002, 36 (04) :345-357
[5]   Firm's Choice between Export and R&D and its Effect on the Firm's Productivity and Survival [J].
Aw, Bee Yan ;
Song, Backhoon .
GLOBAL ECONOMIC REVIEW, 2013, 42 (03) :291-310
[6]   How Does Outside-In Open Innovation Influence Innovation Performance? Analyzing the Mediating Roles of Knowledge Sharing and Innovation Strategy [J].
Bagherzadeh, Mehdi ;
Markovic, Stefan ;
Cheng, Jim ;
Vanhaverbeke, Wim .
IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 2020, 67 (03) :740-753
[7]   Do firms in clusters innovate more? [J].
Baptista, R ;
Swann, P .
RESEARCH POLICY, 1998, 27 (05) :525-540
[8]   FIRM RESOURCES AND SUSTAINED COMPETITIVE ADVANTAGE [J].
BARNEY, J .
JOURNAL OF MANAGEMENT, 1991, 17 (01) :99-120
[9]   Assessing the effectiveness of the Eureka Program [J].
Bayona-Saez, Cristina ;
Garcia-Marco, Teresa .
RESEARCH POLICY, 2010, 39 (10) :1375-1386
[10]   The financial rewards of new product introductions in the personal computer industry [J].
Bayus, BL ;
Erickson, G ;
Jacobson, R .
MANAGEMENT SCIENCE, 2003, 49 (02) :197-210