Journal of Korean Society for Quality Management (품질경영학회지)

Korean Society for Quality Management (한국품질경영학회)
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The Empirical Study on the Relationship between R&D Investment and Growth Rate Change of Manufacturing Firms in Incheon

인천 제조업 기업의 연구개발 투자와 성장률의 관계

  • 이윤 (인천대학교 무역학부 교수/인천테크노파크) ;
  • 한성호 (인천테크노파크 전략기획실) ;
  • 유광민 (인천테크노파크 전략기획실)
  • Received : 2013.11.26
  • Accepted : 2013.12.11
  • Published : 2013.12.31
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Abstract

Purpose: The purpose of this paper is to analyze the relationship between R&D investment and growth rate of manufacturing firms in Incheon. Methods: The balanced panel data of 246 firms which have existed for the period 2001-2012 are constructed. As a method of analysis, fixed effects panel data model is used. Results: There is a one year lag in the relationship between R&D intensity and the subsequent sales growth of firms and its relation depends on the firms' characteristics. Conclusion: We suggest the emphasis on R&D investment for firms' growth and the differentiated R&D program based on firm size. This article has the limitation that various types of R&D investment cannot be included in this analysis.

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