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Innovation and SMEs patent propensity in Korea

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  • Junghee Han
  • Almas Heshmati

Abstract

In general, all inventions are patented. However, there are numerous innovative activities that do not come under the coverage of patent protection even though patenting an innovation in different contexts remains vital. This paper analyses patent propensity as an outcome of innovative activities of regional SMEs. To achieve this, it does a robust regression analysis to estimate models to test five research hypotheses related to patent propensity using 263 firms participating in collaborative R%D with universities located in the Gwangju region in Korea. The empirical results show that a CEO's academic qualifications are positively related to propensity to patent. The findings also show that a CEO's intention to pursue new knowledge through open innovations is more relevant for patent propensity than public incentive policy instruments for making SMEs innovative by adapting innovation manuals, including the number of patents.

Suggested Citation

  • Junghee Han & Almas Heshmati, 2021. "Innovation and SMEs patent propensity in Korea," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 42(1/2), pages 51-68.
    • Handle: RePEc:ids:ijesbu:v:42:y:2021:i:1/2:p:51-68
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    Cited by:

    1. Kotsopoulos, Dimosthenis & Karagianaki, Angeliki & Baloutsos, Stratos, 2022. "The effect of human capital, innovation capacity, and Covid-19 crisis on Knowledge-Intensive Enterprises’ growth within a VC-driven innovation ecosystem," Journal of Business Research, Elsevier, vol. 139(C), pages 1177-1191.
    2. Nnaemeka Vincent Emodi & Girish Panchakshara Murthy & Chinenye Comfort Emodi & Adaeze Saratu Augusta Emodi, 2017. "A Literature Review on the Factors Influencing Patent Propensity," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 14(03), pages 1-30, June.

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    More about this item

    Keywords

    patent propensity; photonics industry; SMEs growth; innovation; R%D; InnoBiz; Korea.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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