U-shaped relationship between market liberalisation and technology exploration: evidence from South Korean firms

被引：0

作者：

Gang, Kwang Wook ^{[1
]}

Choi, Byungchul ^{[2
]}

Kim, Seungbeom ^{[3
]}

机构：

[1] Salisbury Univ, Franklin P Perdue Sch Business, 1101 Camden Ave, Salisbury, MD 21801 USA

[2] Hankuk Univ Foreign Studies, Coll Business, Seoul, South Korea

[3] Hongik Univ, Coll Business Adm, Seoul, South Korea

来源：

TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT | 2021年 / 33卷 / 04期

关键词：

Institutional change; market liberalisation; technology exploration; firm Heterogeneity;

D O I：

10.1080/09537325.2020.1818717

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

A variety of countries have instituted market liberalisation to develop their economies in the footsteps of more developed countries and changes in market system significantly influence a firm's behaviour and performance. This paper investigates the impact of market liberalisation on a firm's strategy of technology exploration in South Korea. We find that there is a U-shaped relationship between market liberalisation and technology exploration. In addition, we find that financial slack and industry concentration negatively moderate the curvilinear relationship between market liberalisation and technology exploration, while business group positively moderates this relationship.

引用

页码：439 / 452

页数：14