The Impact of Efficiency Parameters on Firms Innovative Activities: Evidence from Korean Firm-level data
With the premise that patent data are reliable indicators of innovativeness, the empirical analysis of R&D?patents relationship is useful for monitoring the efficiency of the innovation process. This paper extends the research on the relationship between R&D spending and patent counts by estimating the impact of efficiency parameters. A data set from 1255 firms with nonzero R&D expenditures in Korea was studied. Results show that the difference in firms¡¯ innovative performance is attributable to firm-specific characteristics, including propensity to patent and firm size, and differences in efficiency parameters. They also indicate that firms that conduct patent searches before starting R&D activities obtain an average of 13.9% more patents with an increase of one unit on the ¡®patent search¡¯ scale. Results also show the importance of the role of IP managers and revenue splitting policy for employee-inventors in the innovation process.
|Date of creation:||Oct 2009|
|Date of revision:||Nov 2009|
|Publication status:||Published in Innovation, Management, Policy & Practice journal (Volume 12 Issue 3, 2010) of eContent Management Pty Ltd|
|Contact details of provider:|| Postal: 599 Gwanak-Ro, Gwanak-Gu, Seoul 151-744|
Web page: http://temep.snu.ac.kr/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jinyoung Kim & Gerald Marschke, 2004.
"Accounting for the recent surge in U.S. patenting: changes in R&D expenditures, patent yields, and the high tech sector,"
Economics of Innovation and New Technology,
Taylor & Francis Journals, vol. 13(6), pages 543-558.
- Gerald Marschke & Jinyoung Kim, 2002. "Accounting for the recent surge in U.S. patenting: Changes in R&D expenditures, patent yields, and the high tech sector," Discussion Papers 02-10, University at Albany, SUNY, Department of Economics.
- Jinyoung Kim & Sangjoon John Lee & Gerald Marschke, 2009.
"Relation of Firm Size to R&D Productivity,"
International Journal of Business and Economics,
College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 8(1), pages 7-19, April.
- Jeroen de Jong & O'Shaughnessy & Patrick Vermeulen, 2003. "Innovation in SMEs: An Empirical Investigation of the Input-Throughput-Output-Performance Model," Scales Research Reports N200302, EIM Business and Policy Research.
- Blind, Knut & Edler, Jakob & Frietsch, Rainer & Schmoch, Ulrich, 2006. "Motives to patent: Empirical evidence from Germany," Research Policy, Elsevier, vol. 35(5), pages 655-672, June.
- Bronwyn H. Hall & Zvi Griliches & Jerry A. Hausman, 1984. "Patents and R&D: Is There A Lag?," NBER Working Papers 1454, National Bureau of Economic Research, Inc.
- Panzar, John C & Willig, Robert D, 1981. "Economies of Scope," American Economic Review, American Economic Association, vol. 71(2), pages 268-72, May.
When requesting a correction, please mention this item's handle: RePEc:snv:dp2009:200924. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jorn Altmann)
If references are entirely missing, you can add them using this form.