- Volume 15 Issue 4
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The Effects of Government Support and Regulation on SMEs Technology Innovation
정부지원과 규제장벽이 국내 중소기업의 기술혁신성과에 미치는 영향에 관한 연구
- Sohn, Dongseop (Dept. of Management of Technology, Sungkyunkwan University) ;
- Lee, Jungsoo (Korea Institute of Robots and Convergence) ;
- Kim, Yunbae (Dept. of Systems Management Engineering, Sungkyunkwan University)
- Received : 2017.01.10
- Accepted : 2017.04.20
- Published : 2017.04.28
The purpose of this study is to investigate the actual effect of government R&D support and regulation as a policy on technology innovation of SMEs. Because the previous studies did not consider the endogeneity of R&D support and made inconsistent conclusions in the case of regulation, the empirical research was conducted by logistic, negative binomial regression and 2SLS analysis for 1,223 SMEs. The analysis results show that government support has the effect for technology innovation even considering the endogeneity of government R&D support, and government regulation has a positive effect on technology innovation which supports Porter's theory. These results imply that government R&D support is important in inducing technology innovation because of the vulnerability of SMEs technology development environment and government should foster SMEs technology innovation through appropriate regulation policies rather than unconditional deregulation.
Government support;Regulation;Technology innovation;SMEs;Two-stage least squares
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