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Opposite effects of R&D cooperation on financial and technological performance in SMEs

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  • Joowoong Park
  • Jihyun Kim
  • Hyungsoo Woo
  • Jae-Suk Yang

Abstract

The effect of R&D cooperation on SME performance is inconsistent in the literature. Using data on Korean SMEs from 2013 to 2015, we analyzed the effect of R&D cooperation on their financial and technological performance and examined the relationship between SME spontaneity and R&D cooperation. The results show that R&D cooperation has positive effects on financial performance and has negative effects on technological performance. Concerning the spontaneity of R&D cooperation, larger SMEs exhibit greater R&D cooperation without the need for government intervention, unlike smaller SMEs. SMEs and governments should consider performance goals and firm size to optimize R&D strategy.

Suggested Citation

  • Joowoong Park & Jihyun Kim & Hyungsoo Woo & Jae-Suk Yang, 2022. "Opposite effects of R&D cooperation on financial and technological performance in SMEs," Journal of Small Business Management, Taylor & Francis Journals, vol. 60(4), pages 892-925, July.
    • Handle: RePEc:taf:ujbmxx:v:60:y:2022:i:4:p:892-925
    DOI: 10.1080/00472778.2020.1740597
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