The role of cooperative R&D in innovation performance of SMEs: evidence from South Korean materials, parts, and equipment firms

References

• Adams, R., Bessant, J., & Phelps, R. (2006). Innovation management measurement: A review. International Journal of Management Reviews, 8(1), 21–47. https://doi.org/10.1111/j.1468-2370.2006.00119.x
   Web of Science ®Google Scholar
• Ahn, J., Lee, W., & Mortara, L. (2020). Do government R&D subsidies stimulate collaboration initiatives in private firms? Technological Forecasting and Social Change, 151(151), 1–14.
   Google Scholar
• Ansell, C., & Gash, A. (2008). Collaborative governance in theory and practice. Journal of Public Administration Research and Theory, 18(4), 543–571. https://doi.org/10.1093/jopart/mum032
   Web of Science ®Google Scholar
• Antràs, P. (2020). Conceptual aspects of global value chains. The World Bank Economic Review, 34(3), 551–574. https://doi.org/10.1093/wber/lhaa006
   Web of Science ®Google Scholar
• Bae, S. J., & Lee, H. (2020). The role of government in fostering collaborative R&D projects: Empirical evidence from South Korea. Technological Forecasting and Social Change, 151, 119826. https://doi.org/10.1016/j.techfore.2019.119826
   Web of Science ®Google Scholar
• Ballesteros, J. A., & Rico, A. M. (2001). Public financing of cooperative R&D projects in Spain: The Concerted Projects under the National R&D Plan. Research Policy, 30(4), 625–641. https://doi.org/10.1016/S0048-7333(00)00096-2
   Web of Science ®Google Scholar
• Belderbos, R., Carree, M., & Lokshin, B. (2004). Cooperative R&D and firm performance. Research Policy, 33(10), 1477–1492. https://doi.org/10.1016/j.respol.2004.07.003
   Web of Science ®Google Scholar
• Carlsson, B., & Jacobsson, S. (1997). Diversity creation and technological systems: A technology policy perspective (Vol. 7). Pinter Publishers.
   Google Scholar
• Chang, S.-M., & Yoo, M.-H. (2010). Productivity and International Competitiveness of Parts and Material Industries in Korea. Journal of Industrial Economics and Business, 23(2), 1095–1112. DBpia. http://www.dbpia.co.kr/journal/articleDetail?nodeId=NODE01639620
   Google Scholar
• Chen, Y.-S., Lin, M.-J. J., & Chang, C.-H. (2009). The positive effects of relationship learning and absorptive capacity on innovation performance and competitive advantage in industrial markets. Industrial Marketing Management, 38(2), 152–158. https://doi.org/10.1016/j.indmarman.2008.12.003
   Web of Science ®Google Scholar
• Cho, D.-S., Kim, D.-J., & Rhee, D. K. (1998). Latecomer strategies: Evidence from the semiconductor industry in Japan and Korea. Organization Science, 9(4), 489–505. https://doi.org/10.1287/orsc.9.4.489
   Web of Science ®Google Scholar
• Choi, H. (1986). Science and technology policies for industrialization of developing countries. Technological Forecasting and Social Change, 29(3), 225–239. https://doi.org/10.1016/S0040-1625(86)80001-4
   Web of Science ®Google Scholar
• Choi, J., & Lee, J. (2017). Repairing the R&D market failure: Public R&D subsidy and the composition of private R&D. Research Policy, 46(8), 1465–1478. https://doi.org/10.1016/j.respol.2017.06.009
   Web of Science ®Google Scholar
• Chun, H., & Mun, S. B. (2012). Determinants of R&D cooperation in small and medium-sized enterprises. Small Business Economics, 39(2), 419–436. https://doi.org/10.1007/s11187-010-9312-5
   Web of Science ®Google Scholar
• Cin, B. C., Kim, Y. J., & Vonortas, N. S. (2017). The impact of public R&D subsidy on small firm productivity: Evidence from Korean SMEs. Small Business Economics, 48(2), 345–360. https://doi.org/10.1007/s11187-016-9786-x
   Web of Science ®Google Scholar
• Coombs, J. E., & Bierly, P. E., III. (2006). Measuring technological capability and performance. R&D Management, 36(4), 421–438. https://doi.org/10.1111/j.1467-9310.2006.00444.x
   Web of Science ®Google Scholar
• Czarnitzki, D., Ebersberger, B., & Fier, A. (2007). The relationship between R&D collaboration, subsidies and R&D performance: Empirical evidence from Finland and Germany. Journal of Applied Econometrics, 22(7), 1347–1366. https://doi.org/10.1002/jae.992
   Web of Science ®Google Scholar
• Das, T. K., & Teng, B.-S. (2000). A resource-based theory of strategic alliances. Journal of Management, 26(1), 31–61. https://doi.org/10.1177/014920630002600105
   Web of Science ®Google Scholar
• d’Aspremont, C., & Jacquemin, A. (1988). Cooperative and noncooperative R & D in duopoly with spillovers. The American Economic Review, 78(5), 1133–1137. https://www.jstor.org/stable/1807173
   Web of Science ®Google Scholar
• de Jong, J. P., & Freel, M. (2010). Absorptive capacity and the reach of collaboration in high technology small firms. Research Policy, 39(1), 47–54. https://doi.org/10.1016/j.respol.2009.10.003
   Web of Science ®Google Scholar
• Fagerberg, J., & Srholec, M. (2008). National innovation systems, capabilities and economic development. Research Policy, 37(9), 1417–1435. https://doi.org/10.1016/j.respol.2008.06.003
   Web of Science ®Google Scholar
• Freitas, I. M. B., Marques, R. A., & e Silva, E. M. d. P. (2013). University–industry collaboration and innovation in emergent and mature industries in new industrialized countries. Research Policy, 42(2), 443–453. https://doi.org/10.1016/j.respol.2012.06.006
   Web of Science ®Google Scholar
• Gao, S., Xu, K., & Yang, J. (2008). Managerial ties, absorptive capacity, and innovation. Asia Pacific Journal of Management, 25(3), 395–412. https://doi.org/10.1007/s10490-008-9096-1
   Web of Science ®Google Scholar
• González, X., & Pazó, C. (2008). Do public subsidies stimulate private R&D spending? Research Policy, 37(3), 371–389. https://doi.org/10.1016/j.respol.2007.10.009
   Web of Science ®Google Scholar
• Griliches, Z. (1990). Patent statistics as economic indicators: A survey. Journal of Economic Literature, 28(4), 1661–1707.
   Web of Science ®Google Scholar
• Guimarães, L. G. d. A., Blanchet, P., & Cimon, Y. (2021). Collaboration among small and medium-sized enterprises as part of internationalization: A systematic review. Administrative Sciences, 11(4), Article 4. https://doi.org/10.3390/admsci11040153
   Web of Science ®Google Scholar
• Hong, S. H. (2021). Determinants of selection of R&D cooperation partners: Insights from Korea. Sustainability, 13(17), 1–11.
   Web of Science ®Google Scholar
• Hong, S. J., Sun, I., Lee, H., Jeon, J., Lee, H., Kim, M., Kim, B., & Jeon, C. (2022). A Study on Transitioning to a mission-centered National STI Policy I. Policy Research, 1–328. http://www.dbpia.co.kr/journal/articleDetail?nodeId=NODE11402709
   Google Scholar
• Hud, M., & Hussinger, K. (2015). The impact of R&D subsidies during the crisis. Research Policy, 44(10), 1844–1855. https://doi.org/10.1016/j.respol.2015.06.003
   Web of Science ®Google Scholar
• Hwang, W.-S., & Oh, S. (2023). The effectiveness of public R&D subsidy on SMEs’ innovation capability and catch-up in the Korean manufacturing industry. Technology Analysis & Strategic Management, 35(10), 1–16. https://doi.org/10.1080/09537325.2021.2005781
   Web of Science ®Google Scholar
• Jeong, H. (2020). Small yet significant technology: The secret of Japan’s small and medium-sized enterprises. Maeil Business Newspaper. https://www.yes24.com/Product/Goods/91104463.
   Google Scholar
• Jeong, H. (2021). Analysis of the interconnectivity of GVC in materials, parts, and equipment industries among South Korea, China, and Japan and responses of Korean companies. Korea Institute for International Economic Policy.
   Google Scholar
• Jeong, H., Lee, H., Lee, H., & Park, M. (2020). Study on the interconnectivity of GVC in South Korea, China, and Japan’s materials, parts, and equipment industries. Korea Institute for International Economic Policy.
   Google Scholar
• Joint Press Release of Relevant Ministries. (2019, August 5). Announcement of “measures to enhance competitiveness in materials, parts, and equipment” for overcoming dependent industrial structure on overseas sources. https://www.motie.go.kr/motie/ne/presse/press2/bbs/bbsView.do?bbs_cd_n=81&bbs_seq_n=161958.
   Google Scholar
• Joint Press Release of Relevant Ministries. (2020). Announcement of the “materials, parts, and equipment 2.0 strategy” for the leap toward becoming a global factory in advanced industries. https://www.motie.go.kr/motie/ne/presse/press2/bbs/bbsView.do?bbs_cd_n=81&bbs_seq_n=163128.
   Google Scholar
• KAIST, Graduate School of Innovation & Technology Management. (2020). Korean industry innovation strategies. Seoul.
   Google Scholar
• Kamien, M. I., Muller, E., & Zang, I. (1992). Research joint ventures and R&D cartels. The American Economic Review, 1293–1306. https://www.jstor.org/stable/2117479
   Web of Science ®Google Scholar
• Kim, J., Bae, S. J., & Yang, J.-S. (2014). Government roles in evaluation and arrangement of R&D consortia. Technological Forecasting and Social Change, 88, 202–215. https://doi.org/10.1016/j.techfore.2014.06.022
   Web of Science ®Google Scholar
• Koh, Y. T., & Choi, S. O. (2023). A study on effects of government R&D subsidies on business performance of companies specializing in materials, components, and equipment: Focusing on the industrial R&D program of Korea. Journal of Korea Technology Innovation Society, 26(2), 317–346. https://doi.org/10.35978/jktis.2023.4.26.2.317
   Google Scholar
• Korean Ministry of Trade, Industry, and Energy. (2016). The 4th materials and components development basic plan.
   Google Scholar
• Kostopoulos, K., Papalexandris, A., Papachroni, M., & Ioannou, G. (2011). Absorptive capacity, innovation, and financial performance. Journal of Business Research, 64(12), 1335–1343. https://doi.org/10.1016/j.jbusres.2010.12.005
   Web of Science ®Google Scholar
• Lach, S. (2002). Do R&D subsidies stimulate or displace private R&D? Evidence from Israel. The Journal of Industrial Economics, 50(4), 369–390. https://doi.org/10.1111/1467-6451.00182
   Web of Science ®Google Scholar
• Lee, J., & Ki, J. (2020). An empirical study on the effectiveness of the government R&D subsidies for ICT firms. Journal of Korea Technology Innovation Society, 23(4), 698–722. https://doi.org/10.35978/jktis.2020.8.23.4.698
   Google Scholar
• Lee, K., & Lim, C. (2001). Technological regimes, catching-up and leapfrogging: Findings from the Korean industries. Research Policy, 30(3), 459–483. https://doi.org/10.1016/S0048-7333(00)00088-3
   Web of Science ®Google Scholar
• Lee, M. S. (2010). The impact of R&D subsidies and non-R&D subsidies on innovation output of biopharmaceutical firms. Science, Technology and Society, 28(2), 319–341. https://doi.org/10.1177/09717218231161008
   Google Scholar
• Lieberman, M. B., & Montgomery, D. B. (1988). First-mover advantages. Strategic Management Journal, 9(S1), 41–58. https://doi.org/10.1002/smj.4250090706
   Web of Science ®Google Scholar
• Lowndes, V., & Skelcher, C. (1998). The dynamics of multi-organizational partnerships: An analysis of changing modes of governance. Public Administration, 76(2), 313–333. https://doi.org/10.1111/1467-9299.00103
   Web of Science ®Google Scholar
• Mabenge, B. K., Ngorora-Madzimure, G. P. K., & Makanyeza, C. (2022). Dimensions of innovation and their effects on the performance of small and medium enterprises: The moderating role of firm’s age and size. Journal of Small Business & Entrepreneurship, 34(6), 684–708. https://doi.org/10.1080/08276331.2020.1725727
   Google Scholar
• McEvily, S. K., Eisenhardt, K. M., & Prescott, J. E. (2004). The global acquisition, leverage, and protection of technological competencies. Strategic Management Journal, 25(8–9), 713–722. https://doi.org/10.1002/smj.425
   Web of Science ®Google Scholar
• Ministry of Trade, Industry and Energy. (2021). Writing a new history of k-small but powerful industries—a two-year record of strengthening competitiveness in materials, parts, and equipment.
   Google Scholar
• Ministry of Trade, Industry and Energy. (2022). New government’s policy direction for materials, parts, and equipment industry.
   Google Scholar
• Miotti, L., & Sachwald, F. (2003). Co-operative R&D: Why and with whom?: An integrated framework of analysis. Research Policy, 32(8), 1481–1499. https://doi.org/10.1016/S0048-7333(02)00159-2
   Web of Science ®Google Scholar
• Muscio, A. (2007). The impact of absorptive capacity on SMES’ collaboration. Economics of Innovation and New Technology, 16(8), 653–668. https://doi.org/10.1080/10438590600983994
   Google Scholar
• Naidoo, V. (2010). Firm survival through a crisis: The influence of market orientation, marketing innovation and business strategy. Industrial Marketing Management, 39(8), 1311–1320. https://doi.org/10.1016/j.indmarman.2010.02.005
   Web of Science ®Google Scholar
• Nam, S., & Lee, H. (2000). Import trends and evaluation of recently diversified import lines (written in Korean). Korea Institute for Foreign Economic Policy. https://www.kiep.go.kr/board.es?mid=a10503000000&bid=0025&act=view&list_no=1633&tag=&nPage=69.
   Google Scholar
• National Assembly Budget Office. (2009). Evaluation of improving competitiveness in parts and materials industry.
   Google Scholar
• National Assembly Budget Office. (2020). Analysis of policies in materials, parts, and equipment industry.
   Google Scholar
• O’Sullivan, E., Andreoni, A., Lopez-Gomez, C., & Gregory, M. (2013). What is new in the new industrial policy? A manufacturing systems perspective. Oxford Review of Economic Policy, 29(2), 432–462. https://doi.org/10.1093/oxrep/grt027
   Web of Science ®Google Scholar
• Patel, P. (1995). Pattern of technological activity: Their measurement and interpretation. In Handbook of the economics innovation and technological change (pp. 14–51). New Jersey: Blackwell Publishers.
   Google Scholar
• Royston, P. (2005). Multiple imputation of missing values: Update. The Stata Journal: Promoting communications on statistics and Stata, 5(2), 188–201. https://doi.org/10.1177/1536867X0500500204
   Google Scholar
• Sakakibara, M. (1997). Heterogeneity of firm capabilities and cooperative research and development: An empirical examination of motives. Strategic Management Journal, 18(S1), 143–164. https://doi.org/10.1002/(SICI)1097-0266(199707)18:1+<143::AID-SMJ927>3.0.CO;2-Y
   Web of Science ®Google Scholar
• Sakakibara, M. (2003). Knowledge sharing in cooperative research and development. Managerial and Decision Economics, 24(2–3), 117–132. https://doi.org/10.1002/mde.1080
   Google Scholar
• Sakakibara, M., & Cho, D.-S. (2002). Cooperative R&D in Japan and Korea: A comparison of industrial policy. Research Policy, 31(5), 673–692. https://doi.org/10.1016/S0048-7333(01)00150-0
   Web of Science ®Google Scholar
• Sánchez-Sellero, P., & Bataineh, M. J. (2022). How R&D cooperation, R&D expenditures, public funds and R&D intensity affect green innovation? Technology Analysis & Strategic Management, 34(9), 1095–1108. https://doi.org/10.1080/09537325.2021.1947490
   Web of Science ®Google Scholar
• Scherer, F., & Ross, D. (1990). Industrial market structure and economic performance. Houghton Mifflin.
   Google Scholar
• Tripsas, M., Schrader, S., & Sobrero, M. (1995). Discouraging opportunistic behavior in collaborative R & D: A new role for government. Research Policy, 24(3), 367–389. https://doi.org/10.1016/0048-7333(93)00771-K
   Web of Science ®Google Scholar
• Vittinghoff, E., Glidden, D. V., Shiboski, S. C., & McCulloch, C. E. (2006). Regression methods in biostatistics: Linear, logistic, survival, and repeated measures models. Springer.
   Google Scholar
• Walker, R. (1995). Patents as scientific and technical literature. Scarecrow Press.
   Google Scholar
• Yoo, H., Lee, C., & Jun, S.-P. (2018). The characteristics of SMEs preferring cooperative research and development support from the government: The case of Korea. Sustainability, 10(9), 3048. https://doi.org/10.3390/su10093048
   Web of Science ®Google Scholar
• You, H., Kim, Y.-M., & Chung, D.-B. (2021). The impact of government support on overcoming growing pains of small and medium-sized enterprises with materials and components: Policy effectiveness analysis using PSM-DID combination model. Journal of Korea Technology Innovation Society, 24(5), 871–890. https://doi.org/10.35978/jktis.2021.10.24.5.871
   Google Scholar
• Zhu, H., Zhao, S., & Abbas, A. (2020). Relationship between R&D grants, R&D investment, and innovation performance: The moderating effect of absorptive capacity. Journal of Public Affairs, 20(1), e1973. https://doi.org/10.1002/pa.1973
   Web of Science ®Google Scholar