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A Study on the Influence of Self-driving Patents on the Firm Performance in the Automotive Parts Industry

자율주행 관련 특허의 자동차 부품 산업 내 기업 성과에 미치는 영향에 관한 분석

  • 조현석 (두산인프라코어) ;
  • 곽찬희 (한국과학기술원 경영대학 경영공학부) ;
  • 최한별 (한국과학기술원 경영대학 경영공학부) ;
  • 이민형 (한국과학기술원 경영대학 경영공학부) ;
  • 이희석 (한국과학기술원 경영대학 경영공학부)
  • Received : 2019.09.26
  • Accepted : 2019.11.30
  • Published : 2019.12.31

Abstract

Self-driving technology is changing the paradigm of automotive industry. Since it is imperative to converge this emerging technology with ICT and there is a time lag between securing this emerging technology and occurrence of firm performance, it is difficult to make decisions on technology development. This study investigates patent indicators to understand the impact of self-driving technology on performance of automotive parts companies. We analyze 611 of self-driving technology patents from 2000 to 2016 and the financial performance of 270 small and medium businesses that register the corresponding patents with consideration of up to four years of time lag. Our analysis results show that patents related to self-driving has a positive impact on asset growth of 2 years and sales growth of 3 years in terms of time lag. This study contributes to the literature by analyzing the impact of technology development on the firm performance in case of convergence of the automotive and ICT industries. Additionally, this study provides a role of patent in knowledge management planning through technology development as a practical implication.

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