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 or pararell-research type of cooperation (the PR-PJV) than to compete each other if technology is only 'relatively easy'. However, by introducing technological leakage as well as difficulty of technology. it is shown that this seemingly contrasted phenomenon almost disappears ; the PR-RJV can be also preferred by firms even is case of 'relatively difficult' technology only if there exists some extent of a technological leakage.

This paper investigates empirically the relationship between various business portfolio properties (particularly technological properties) and chaebol's performance using data on the 50largest 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-inustry 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 in 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 VI are significant and positively related to the dependent 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 VI 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.t.

This study is a critical assessment of research productivity through publication among scientists and engineers. 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. The data are analyzed using correlation, ANOVA, multiple regression analysis and path analysis. The result shows that 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 the quality of employing university are critical influencing factors to publication productivity.

This study investigates the factors determining accounting method for R&D costs (capitalizevs. expense) in Korea. Using agency theory and other economic factors, probit and regression model 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, 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 evidence suggests that larger firms with higher leverage and larger burden of R&D costs are more likely to capitalize R&D costs, while regulated firms are more likely to expense R&D costs.

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. D건설의 사례분석 결과 기술 이전 팀 및 프로젝트 추진 자(Project Champion)의 존재 여부가 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 기술인지도안 기술수용자의 시장평가가 기술수용 노력에 영향을 미치는 것으로 분석되었다. 사내 기술 이전 시 이러한 요인들을 고려한다면 보다 효과적인 기술이전이 될 것으로 기대된다.

This paper, searching for the origin of the science and technology policy, is one of the research series on the original form of current S&T policy such as origin, evolution and changing patterns. Without understanding the origin, it is very difficult to understand the evolution and the current change of the policy. To answer this question, 2 kinds of conditions are set: 4 concepts for the origin of a policy and also 4 conditions for the S&T policy itself. As the origin of a policy, 4 concepts are set such as independence, continuance, diffusion and modern state as a policy body. Also as conditions for S&T policy, there may be 4 conditions such as policy targets, policy functions, administration body and the usage of the name of the policy. S&T can be distinguished as science, technology and S&T along it's development path. There, hence, are 2 origins of science and technology policy. French policy for modern science at the late 18th century and the establishment of the Agency of Science and Technology Policy of Japan in 1956 can be pointed out as the origin of the policy. The former can be called as the origin for natural science, and the latter as the origin for S&T. This study implies that new paradigm of S&T policy is a reflection for both the needs of new S&T and social needs. When there were big problems in a society and when there appeared new S&T, they exploited new S&T vigorously. This has been remained as a rememberable monuments in the history of the S&T policy.

This article introduces the five functions of the national innovation system(NIS). As one 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 input and disposing the innovation output or aiding in these processes. Experienced R&D human resources, R&D funds, technology etc. are some of the components of the input of the NIS. The maintenance function is responsible for maintaining smooth operation and upkeeping the system in terms of various conditions. The adaptation function is to help the system change and adapt, and scan the environment for problems, opportunites, and technological developments. It has outward orientation, from the long-term view for the survival of the system. The management function carries out planning and control of the overall activities for the other four functions in order to effectiving run the system as a whole. Finally, this article discusses implications of the diagnosis of the national innovation system and the decision making process of S&T policy.

There has been considerable controversy over the impacts of the tax credit on R&D expenditures in many countries. Korea has adopted various kinds of tax credit system to stimulate private firm' R&D expenditures. Korean government, Recently, is trying to reform tax system to reduce tax credit programmes according to Uruguay Round agreement and in line with OECD policy standards. The purpose of this paper is to analyze the effectiveness of current tax credit system on technology innovation in Korea and derive some policy implications over tax reform. In this paper, firstly, I investigate the size of tax reduction effects from each program in theoretical models and simulate the actual rate of individual tax incentive to a unit of R&D expenditure. I find that theoretically the reserve fund for technology development program has given the largest tax reduction effects to private firms irrespective of the R&D incentive system reform. Tax credit on R&D expenditure also has been very effective instrument to firm's tax reduction. Secondly, I try to measure the effectiveness of tax credit through the estimation of effective margianl tax rate between with the system and without the system of credit on R&D expenditure during the tax credit reform periods. I find that the tax credit on R&D has lowered firm's investment cost since the system introduced. I also have strong results that there has been a positive relation between the fluctuation of firm's R&D expenditure and the change of effective marginal tax rate. I suggest that it is better to sustain the system of tax credit on R&D for a while to increase firm's R&D expenditure.

The conventional analysis with which justifies government intervention of the private sector's innovation activities is the market failure approach. According to such analysis, fund allocation through autonomous market mechanisms is not optimal in technology financing because of the disparity between the desirable level of investment for society as a whole and that for private firms. To optimize the fund allocation, public policies such as subsidy, preferencial loan and venture capital investment programs are designed for technology development projects performed by private firms. They, however, have not been effective in increasing private investment for such projects. In most cases, it was found that little considerations given to the relationship between uncertainty embodied in technology development projects and each types of financing. With respect to optimizing fund allocation, technology development projects should be financed by different means according to their probability of success and the expected value of technology. Employing various theoretical models on financing decision-making we verify here that technology development projects to be supported by commercial banks or venture capital institutions is limited contingent upon levels of uncertainty adn expected value. Under the assumption that financial institutions are risk averse, loan or investment can be available only if the probability of success of the project is higher than the probability premium and the current market rate of interest. Therefore, the projects that have lower probability of success and/or small expected return are excluded from commercial loan or investment programs. However, the remaining projects, whose probability of success is low but with high expected return, may be applied under government subsidy programs. To achieve optimality of fund allocation and to activate technology financing, we conclude that there should be a systematic division of role among financial institutions including government commercial banks, and venture capital institutions.

In this study the comparative analysis of four nations' Delphi technological forecasts in information and communication industry was carried out. The nations were Korea, Japan, Germany and France. The reliability test of realization time forecast was also conducted. There were some technologies of which four nations forecast almost same realization time whereas other technologies which four nations showed large variance in forecasting realization time. This means that experts from different nations had different views and prospects on the same technology. It is expected that prospecting international technological trend from this study will contribute to formulating long-range plan for technological development in information and communication in Korea. The result of the comparative analysis of four nations' forecasts in information and communication technology can be summarized as follows. a)As for the realization time, most of the technologies were forecast by four nations to be similar, the differences ranging from one to three years. It was found that on the whole, the longer the time of the forecast, the bigger the variance. The German forecast showed the biggest variance. b)In reliability test Korean was found to be the most reliable and Japan, France and Germany were in descending order. The response of all panel members was found to be more reliable than that of the panel members with high expertise, which means that there were substantially different views among panel members with high expertise on the realization time of the same technology.

With current difficulties in Korean agricultural sector, the biotechnology 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 peferences 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 relationship, the consumer's surplus was estimated.

The purpose of this paper is to purpose methods and procedures by which we can set up technology planning scheme essential for R'||'&'||'D(or technology) planning in public sector (governmental and government-sponsored institutions), and can develop and select "main R'||'&'||'D projects" which are crucial to R'||'&'||'D planning, were quite specifically discussed in case of I'||'&'||'T(Information '||'&'||' Telecommunications) sector, so that they may not remain theoretical but may be practically applicable to real R'||'&'||'D programs. In this paper, the concept of technology planning was defined as a procedure for establishing nominal planning to acquire technologies efficiently for a specific sector. More detailed definition optimal technology-acquisition strategy, i.e., analyzing technological development '||'&'||' environ-ment, establishing R'||'&'||'D objectives as promising technology opportunities, selecting main R'||'&'||'D projects, allocating resources and so on."The"main R'||'&'||'D projects by technology sectors and by planning phases and then deciding on priority. Scoring method was rsed in assessment phase. Summing up, this paper suggested technology planning scheme of methods and procedures for sorting out required technologies, developing and assessing public R'||'&'||'D projects, and finally selecting main R'||'&'||'D projects.