As an exploratory attempt, this study examines the patterns of global R&D activities of industrial firms, focusing on the management of overseas R&D centers in terms of their location, primary missions, management style, organizational structure and communication and global human resource management system Based on a review of existing studies mainly undertaken in advanced countries and cases of foreign MNCs, several hypothetical relationships are postulated : 1) There appears a strong relationship between the purpose and location of R&D activities : 2) Different levels of global management and technological capability lead to different types of overseas R&D organizations : 3) The relationship between autonomy of overseas R&D organizations and their R&D performance will be moderated by organization size, development time pressure, and a need for internal efficiency : 4) Frequent communication between the headquarter and overseas R&D organizations will increase R&D performance 5) Mutual exchange of R&D professionals between the headquarter and overseas R&D organizations will be positively related with R&B performance. In addiction, this study explores the current state of global R&D activities of selective firms in Korea, based on ie-depth interviews, and analyzes the sources of problems in their global R&D management. Finally, theoretical and managerial implications of this study are discussed and future research directions are proposed.

This study investigates the factors determining accounting method for R & D costs (capitalize vs. expense) in Korea. Using agency theory and other economic factors, probit and regression models have been developed to distinguish between firms choosing different accounting alternatives for R&D costs. The results are consistent to debt contract, R&D burden and regulation hypotheses both in probit and regression analysis. The size variable has opposite sign in univariate t-test and probit analysis but the signs are mixed and insignificant in regression which may be due to the differences of political environment between Korea and the US. Generally, the results are consistent to those of previous research. The results support the hypothesis that firms with higher leverage and larger burden of R&D costs are more likely to capitalize R&D costs. Partially, larger and regulated firms are more likely to expense R & D costs.

This study is a critical assessment of research productivity through publication among scientists and engineers. This study scrutinizes previous findings on the correlates and determinant3 of publication productivity: Provides overview and organization of that knowledge ; indicates gape and shortcomings n the research; and identifies the questions and issues which are both answered and unanswered. through the analysis of the 223 mail questionnaires collected from professors of mechanical engineering, electrical engineering, chemistry and physics, this study obtains the particular determinants of publication productivity at the science and engineering schools in Korea. Especially, early research productivity and the number of doctoral students are very important to publish good research articles. Also the qualities of professors' Ph. D. institution and employing university are critical influencing factors to publication productivity. The data are analyzed using correlation, ANOVA, and multiple regression analysis and all the regression models are statistically significant. All the variables in this study are focused on the socialization of individual research scientists and any psychological or personal background variables are excluded, because the perspective of this article is not that of scientific sociologist but of science and technology Policy interest. This study proves that there exists an scriptive advantage according to the individual background such as his Ph. D. institution and employing university in Korea. This study also shows that all research resources and research performances are unequally distributed. This result proposes that supporting basic research at university must begins with relative assessment of researchers, departments, and institutions in consideration with their research environment and to evaluate researchers in compared with excellent research university like SNU, KAIST, POSTECH is unequal and inadequate.

본 논문은 기업내의 수직적 기술이전 문제를 다룬 사례연구로서 한 건설업체의 연구소에서 이루어진 기술개발 결과가 사업부문의 현장에 이전 활용되는 과정에서 기술이전 정도가 어떤 요인에 의해 영향을 받는지 분석하였다. 사례분석 결과 D건설의 경우 기술이전팀 및 프로젝트 추진자(Project Champion)의 존재여부가 기술이전의 성패에 가장 큰 영향을 미치는 것으로 나타났으며 최고경영자의 적극적인 지원도 성공적인 기술이전에 강한 긍정적인 요인이 되는 것으로 분석되었다. 또한 당초 사례분석의 틀에서 고려하지 않았던 기술인지도나 기술수용자의 시장평가가 기술수용 노력에 영향을 미치는 것으로 분석되었다. 사내기술이전시 이러한 요인들을 고려한다면 보다 효과적인 기술이전이 될 것으로 기대된다.

This paper identifies a set of appropriate imbedded technology in the Korean electronic industry, and explores a relationship between competitiveness of imbedded technology and technological competitiveness. The results of statistical analyses, based on a survey of manufacturing organizations, show that competitiveness of imbedded technology has a high correlation with technological competitiveness. Especially, the imbedded technology related to management practices is more important to technological competitiveness than other imbedded technology. it is also observed using multiplicate analysis that cross-functional interface and R&D commitment have a strong influence on the competitiveness of imbedded technology.

Firms prefer in some specific conditions cooperative R&D to non-cooperative for developing technology. Previous studies on the conditions show firms want to choose cost-sharing type of cooperative R&D (the CS-RJV) rather than non-cooperative one when target technology is either 'relatively easy'or 'relatively difficult', and to join multiple-research type of cooperation (the MR-RJV) than to compete each other if technology is only 'relatively easy'. However, by introducing technological spillover as well as difficult of technology, only if there shown that this seemingly contrasted phenomenon almost disappears : the MR-RJV can i3e also preferred by firms even in case of 'relatively difficult'technology only if there exists some extent of a technological spillover.

This paper applies the technology-gap trade theory to explaining radical changes in the competitive positions of countries in world machine tool markets over the last three decades. It develops the notion that the innovation gaps in machine tools among countries led to the inter-country differences in the competitive performance in the sector as well as in its user sectors. Since competitive advantage largely depends on a capability to improve, create and apply technology to market competition, a higher innovative performance in one country than another is closely related to a higher innovative performance. A higher innovative performance in machine tools is also associated with a higher competitive performance of the large areas of its user sectors, due to sectoral interdependences and externalities generated by machine tool innovations. The results of empirical investigation through a panel data analysis show that the international gaps in machine tool innovations appeared to have a positive significant relationship with the differences in the export performance of both the machine tool sector and its user sector across countries.

With current. difficulties in Korean agricultural sector, the biotecilnoiogy is considered as the most important factor to offset the inferiority in the agriculture. New products by using the biotechnology would be commercialized and consumed by both producers and consumers. Before its production and distribution researches on new product should be undertaken in many aspects, especially in terms of economic aspects. Main objectives of this study are to measure the economic value of the new product using the agro-biotechnology, here potato microtubers, and to examine whether the stated preferences theory, the Contingent Valuation Method(CVM), could be accepted in the economic analysis for the new biotech product. Through the demand function derived from the consequences of functional relationship, the consumer's surplus was estimated.

Because global innovation-based competition is increasing and the amount of R&D expenditures becomes severely large, it is more likely that mergers and collaborative ventures tend to affect adversely to R&D competition Against this trend, enforcing agency of advanced countries including U.S.A are reassessing certain aspects of competition policy toward mergers and acquisition to ensure that procompetitive, efficiency-enhancing transactions are permitted. The role of competition policy is developing and appropriating new technology and protects the risks involved in the licensing contract of technologies. The role of intellectual property rights is also contrived to promote technological innovation and to increase consumer welfare. That is to say, dynamic efficiency of intellectual property rights includes (l) increase in social welfare and (2) promotion of growth by improvement of quality through invention and commercialization of new product as well as enhanced productive efficiency thorough appropriating new process. Because intellectual property rights are licensed to make use of complementary inputs, the rule of reason approach seems proper when applying antitrust law. To analyze the "Antitrust Guidelines for the Licensing and Acquisition of Intellectual Property"by DOJ and FTC in U.S.A, the author surveyed pros and cons on innovation market approach. This approach will only be used in a narrow range of situations when the evidence is solid, concentration numbers are extremely high, and the agencies can predict with a high degree of certainty that the merger will likely lead either to a slowing in the pace of innovation or the loss of an alternative research track that is likely to lead to a product beneficial to consumers. The author introduces the studies on licensing contract of intellectual property rights and competition polices on behalf of potential inquirers. Also the author invites the interdisciplinary researchers to analyze further with a model on the aspects of the "Notice 1995-10 for Types and Criteria on Unfair Transaction Behavior in International Contracts" by Fair Trade Committee of Korea.

This article introduces the five functions of the national innovation system (NIS). As the national innovation system is a kind of social systems in the national level, the five generic functions of open system-production boundary spanning, maintenance, adaptation management functions-are applied to the NIS. The production function is the primary process, which produces innovative products and services of the NIS. The boundary spanning function is the function of procuring the input and disposing the innovation output or aiding in these process. Experienced R&D human resources, R&D funds, technology etc. belong to the input of the NIS. The maintenance function is responsible for the smooth operation and upkeep of the system in terms of various conditions. The adaptive function is to help the system change and adapt, scan the environment for problems, opportunities, and technological developments. It faces outward for the survival of the system from the long-term view. The management function carries out planning and controlling the overall activities for the other four functions in order to run the system. Finally it discuses implications for the diagnosis and the decision making process of S&T policy.

This paper investigates empirically the relationship between various business portfolio properties (particularly technological properties) and chaebol′s performance using data on the 50 largest chaebols in Korea. In addition to the traditional indexes to measure diversification such as entropy index we calculated inter-industry technological similarity using R&D expenditure data by industry and 1990 Input-output Table in Korea, and obtained chaebol-level technological relatedness and internal transaction proportion from chaebols′business profile, inter-industry technological similarity and 1990 input-output table. We applied factor analysis on 13 business portfolio property indexes and showed that they could be grouped into 3 dimensions, diversification scope, inter-business relatedness and degree of vertical integration. In this paper, using 50 largest chaebols′financial data (1989-1994), we analyzed empirically the effect of business portfolio properties on ROS (Return On Sales) which is conventional index for firm performance and on TFP(Total Factor Productivity) growth which is a pure measure of firm performance. To utilize the advantage of panel data, FEM(Fixed Effect Model) and REM(Random Effect Model) were used. The empirical result shows that the entropy index as a measurement of inter-business relatedness is not significant but technological relatedness index is significant. OLS estimates on pooled data were considerably different from FEM or REM estimates on panel data. By introducing interaction effect among the three variables for business portfolio properties, we obtained three findings. First, only VI (Vertical integration) has a significant positive correlation with ROS. Second, when using TFP growth as an dependent variable, both TR(Technological Relatedness) and f[ are significant and positively related to the deepened variable. Third, the interaction term between TR and VI is significant and negatively affects TFP growth, meaning that TR and VI are substitutes. These results suggest strategic directions on restructuring business portfolio. As VI is increased, chaebols will get more profit. A higher level of either TR or W will increase TFP growth rate. but increase in both TR and VI will have a negative effect on TFP growth. To summarize, certain business portfolio properties such as VI and TR can be considered "resources" themselves since they can affect profit rate and productivity growth. VI and TR have a synergy effect of change in profit rate and productivity growth. VI increases ROS and productivity growth, while TR increases productivity growth representing a technological synergy effect.

Technology financing is different from other forms of corporate financing such as equipment purchase or facility related financing in terms of its riskiness. It is, therefore, difficult for innovative entrepreneurs to access any fund even though there are various ready-made funds available for implementing their technology development projects. The objective of this paper is to suggest a new means of financial support, entitled "stepwise Financing Mechanism" and to introduce credit based financing program. The Stepwise Mechanism will alleviate riskiness of technology development greatly by dividing the process of the development. Also, a credit based financing will make market interest rate decline and may have the same result as increasing the supply of money.

산업성장 잠재력과 기술개발과의 관계는 기술개발을 통해 산업이 어떻게 성장될 수 있는가를 보여주는 관계를 말한다. 첫째는, 산업의 출현(Emergence)이다. 이는 기술개발에 의해 새로운 산업이 발달되는 경우를 말한다. Microcomputer의 출현이 그 대표적 예이다. 둘째, 산업의 재생(Revitalization) 이다. 하향곡선을 그리는 산업이 기술혁신을 통해 새로운 마켓을 개척하여 다시 활기를 띄게 되는 경우이다. 전자 장난감이 장난감 시장의 활성화를 가져온 경우가 이에 속한다. 셋째, 산업의 대체(Substitution)현상은 기술개발에 의해 기존의 산업이 새로운 산업으로 대체되는 경우를 말한다. 진공관 이 트랜지스터를 대체된 경우나 LP가 Compact Disc등으로 대체된 경우도 이에 속한다. 마지막으로, 산업의 퇴보(Decline)는 기술의 개발이 오히려 산업자체의 퇴보나 침체를 가져오는 경우를 말한다. 마모에 저항력이 강한 고무가 타이어산업의 침체를 간져온 경우가 이에 속한다. 본 논문은 과거 10여 년간의 한국의 각종 기업의 기술개발 사례를 통해 이러한 4가지 패턴의 산업성장잠재력에 그러한 기술개발이 어떠한 역할을 하여 왔는가를 규명하고, 한국기업의 기술개발 현황파악을 통한 당면한 문제점을 분석한다. 아울러 한국의 기업들이 한국적 경제 및 경영 환경하에서 어떠한 기술개발과 혁신을 통해 산업성장 잠재력에 기여할 수 있는가를 토론한다.