Ceaseless firm’s growing is homework for all managers. In particular, for start-ups, it is critical factors. This paper explores to find relationship between R&D activity and net profit, proxy of firm growth for SMEs, especially including InnoBiz firm designated by government as entrepreneurial activities firm. In order to achieve the research the aims, we apply both empirical analysis by using robust regression to estimate research hypothesis and interview for CEOs and researchers in research division in 263 firms located at Gwangju city in Korea. According to empirical findings patent, output of innovation of firm is negative relation with net profit in statistically. Even InnoBiz firm designated as entrepreneurial SMEs by government is not statistically significant. In addition, photonic industry considered as innovative industry sector is also negative relation with firm growth in terms of net profit in statistically. From the empirical findings, we can find that the relationship between net profit and patent is negative. This phenomenon could occur due to time lag of R&D. But rather, this result implies that SMEs in particular young firms are more likely to innovate because they are relatively high R&D intensity. In order to firm growth, firm could find variety of the managerial strategy to enhance innovative activities, to share the knowledge by using cluster’s indigenous positive effect embedded in region. In addition, it is needed to more effort to create the atmosphere of innovation in even traditional industry sectors as well as cutting edge technology.
목차
Abstract Ⅰ. Introduction Ⅱ. Literature Review and Hypothesis Ⅲ. Data and Research Methodology Ⅳ. Results and Implications Ⅴ. Final Remarks References
키워드
Patentfirm growthInnoBiznet profitstart-upsSMEs.
저자
Junghee Han [ a Visiting Professor of Management of Technology Program, Graduate School of Business, Chonnam National University ]
한국창업학회는 기업가정신, 사회적기업가정신, 조직기업가정신, 국제․지역창업, 기술창업, 문화창업, 비영리창업, 여성창업, 소상공․자영업창업, 중소벤처창업, 창업경영, 창업교육, 창업지원정책, 창업컨설팅, 가족기업, 사회적기업, 벤처캐피탈 등 창업학 및 이와 관련되는 학문의 연구와 적용을 통하여 한국창업학의 발전과 창업정책개발, 국가경제 및 기업의 성장 발전에 기여하며, 회원 상호간의 학술교류와 친목 도모를 목적으로 한다.
간행물
간행물명
한국창업학회지 [Journal of the Korean Entrepreneurship Socieity]