• Journal of the Economic Geographical Society of Korea
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• v.15 no.2
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• pp.147-165
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• 2012

Recently, the theory of open innovation emerges as a new innovation paradigm. This paper aims to examine open innovation activities of SMEs. Many firms tend to search new knowledge from various external sources and to pursue to achieve innovation resources or knowledge of external innovators. Particularly, this paper focus on the process of external knowledge networking and open innovation occurred in the process of technology innovation. The data used in this study were those that had been collected for total 3,400 sample SMEs that had conducted R&D. and in-depth interviews were conducted with 14 SMEs located at Chungbuk-Technopark. Empirical findings can be summarized as follows; SMEs tend to search new knowledge from various external sources and to pursue to achieve innovation resources or knowledge of external innovators, because they have lack of innovation resources. therefore, the conducting of open innovation affected positively the innovation performance of SMEs. In addition, empirical findings also indicated that expanding flexibility of labor market enhances open innovation activities of SMEs.

• Journal of Technology Innovation
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• v.17 no.1
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• pp.49-67
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• 2009

As technological capabilities have enhanced, the patterns of innovation activities of latecomer firms changed to post catch-up mode. The purpose of this research is to analyze the post catch-up innovation patterns of technology-intensive small and medium firms of Korea. The innovation patterns can be divided into three types: the technology deepening innovation type, the new technology based innovation type and the architectural innovation type. The characteristics of the technology deepening innovation type are cumulative technological learning and the integration of new generic technology and existing technologies. The characteristics of new technology based type are the acquisition and revelations of new basic knowledges from former incubating organizations such as large firms and universities. The characteristics of the architectural innovation type are the learning of system architecture knowledge from former organization and interactive learning with user firms. These post catch up innovations also have some general characteristics. They effectively exploited the windows of opportunities which are opened in the middle of technological paradigm change.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2013.10a
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• pp.57-70
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• 2013

• Journal of Korea Technology Innovation Society
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• v.12 no.2
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• pp.360-387
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• 2009

In this paper, we analyse empirically the effects of internal financing on investment of innovative small and medium sized enterprises listed on Kosdaq Market of Korea Exchange. The main results of this study can be summarized as follows. Free cash flows by proxy variables of internal financing have the significant effects on R&D investment as well as fixed asset investment. Internal financing has much more effects on R&D investment of general enterprises listed on Kosdaq Market than that of venture enterprises listed on Kosdaq Market, and on R&D investment of innovative enterprises than that of non-innovative enterprises. Internal financing has more effects on asset-counted R&D investment than cost-counted R&D investment. Asset-counted R&D investment is counted in intangible assets on Balance Sheet, and cost-counted R&D investment is counted in cost on Income Statement. Internal financing has more effects on R&D investment of financial constrained enterprises than that of financial unconstrained enterprises. Financial constraints is measured by credit ratings. Faulkender and Smith (2007) emphasize that low credit ratings enterprises are more likely to face financial constraints, and they rely largely on internal financing.

• Journal of Information Technology and Architecture
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• v.9 no.2
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• pp.199-207
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• 2012

This study analyzed how the subcontracting business relations and structures of cooperation affect the relationship skills (Outcome) that is divided into three steps. We analyzed integrated data every other year from 2005 to 2009. As a results, in the execution of technical cooperation trade relations have influenced the positive attributes, but recently their influence has been weakened. As for technical cooperation, the structure should alleviate the problem of the uneven performance of technical cooperation. We suggested that technical expertise and infrastructure make possible the culmination of the long-term technological competitiveness level.

• International Commerce and Information Review
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• v.14 no.2
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• pp.201-225
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• 2012

Developing new technologies and launching new products require a huge sum of money for Research and Development, and there is also market uncertainty. Comparing to advanced countries' companies, Korea's exporting companies have less investment cost in size for R&D and insufficient technology assets accumulated. Therefore, through the open innovation, they should use external technology and enhance the efficiency of the relatively little R&D investment. This paper draws the factors influencing the innovations of Korea's exporting companies, and then it analyses how each innovation influences export performance. First, innovations are devided into two; closed and open innovation. Multiple regression analysis has been done, considering influence factors of innovation such as company's characteristics factors, research's characteristics factors and products characteristics factors to be independent variables, and export performance to be a dependent variable. It shows that firm size and new products launching period have positive effects on each innovation, but research capability and research performance have positive effects only on closed innovation. And open innovation has positive effects on export performance, but closed innovation doesn't have.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2017.11a
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• pp.307-307
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• 2017

알리바바는 단기간에 세계 최고규모의 전자 상거래 기업으로 성장하였다. 어떻게 그렇게 단기간에 그것도 인터넷이 그렇게 완비되지 않은 중국에서 출발하여 세계적 기업으로 알리바바가 성장할 수 있었을까? 이 문제에 대한 답을 구하고자 한다. 알리바바는 개방형 혁신을 통한 세계 최고수준의 창조적인 전자 상거래 비즈니스 모델을 단기간에 완비하여 갔다. 아울러, 개방형 혁신이 초래하는 복잡성이라는 비용, 즉 기업을 와해하는 원심력을 강력한 새로운 중국 기업 문화 "마윈식 소비자 신뢰 관씨 문화"를 구축하여 극복하여 왔다. 본 연구는 알리바바의 역동적인 개방형 혁신의 과정의 창발성과 그 과정에서 발생하는 원심력과 복잡성을 억제하는 새로운 관씨 문화, 제도, 및 리더십의 지속적인 강화 과정을 분석한다.

• Journal of Digital Convergence
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• v.19 no.5
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• pp.145-152
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• 2021

In this study, we have examined the effect of open innovation of SMEs on innovation performance of firms. Most studies do not consider internal generation in relation to open innovation and innovation performance.We conducted empirical studies to overcome this problem. The research was carried out by collecting data collected from 512 SMEs and the 3SLS method was used to minimize the internal generation. As a result, open innovation investment and use of external ideas among SMEs' open innovation have positively influenced project success and technical performance. But, the introduction of technology and cooperation with the research organization did not affect the innovation performance, which is presumed to be due to the fact that the open innovation of SMEs is limited to relatively inexpensive activities. Therefore, in order to promote open innovation of SMEs, it is necessary to provide support for relatively high-cost activities and to improve the innovation performance of enterprises. In order to reduce the difficulties of open innovation activities, domestic universities and research institutes should support the construction of enterprise networks and actively support the utilization of technology to expand innovation performance.

• Journal of Korea Technology Innovation Society
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• v.12 no.4
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• pp.687-714
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• 2009

In this paper, we study empirically the relations between financial constraints and dividend adjustment speed of innovative small and medium sized enterprises (SMEs) listed on Kosdaq Market of Korea Exchange. The main results of this study can be summarized as follows. Determinants suggested by the major theories of dividends, namely, residual dividend theory, dividend signaling theory, agency theory, catering theory, and transactions cost theory explain significantly the dividend payout policy of Kosdaq SMEs. Lintner's dividend adjustment model indicates that Kosdaq SMEs have long run target payout ratio, and that Kosdaq SMEs adjust partially the gap between actual and target payout ratio each year. In the core variables of Lintner (1956) dividend adjustment model, past DPS has more effect than current EPS. These results suggest that Kosdaq SMEs maintain stable dividend policy which maintain past DPS level without corporate special reasons. Dividend adjustment speed of innovative Kosdaq SMEs is more fast than that of uninnovative Kosdaq SMEs, and dividend adjustment speed of financial unconstrained innovative Kosdaq SMEs is faster than that of financial constrained innovative Kosdaq SMEs. Futhermore, dividend adjustment speed of innovative Kosdaq SMEs classified by Small and Medium Business Administration is faster than that of unclassified innovative Kosdaq SMEs. The former is linked with financial policies and services like credit guaranteed service, venture investment fund, insurance program, and so on. In conclusion, past DPS and current EPS suggested by the Lintner's dividend adjustment model explain mainly dividend adjustment speed, and financial constraints explain also partially. Therefore, if managers of innovative Kosdaq SMEs can properly understand of the effects of financial constraints on dividend smoothing, they can maintain constantly dividend policy. This is encouraging result for Korea government as it has implemented many policies to commit to innovative Kosdaq SMEs.

• Journal of Digital Convergence
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• v.14 no.11
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• pp.201-224
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• 2016

The main objective of this study is to identify and analyze the factors affecting technology innovation of the innovative IT SMEs. A research model is established based on the previous studies on the technology innovation of SMEs. The model consists of independent variables (Adhocracy culture, R&D capability, IT capability, Leadership, and Appraisal & Reward), an intermediate variable (Knowledge management), and dependent variables (product/service innovation and process innovation). Major research results can be summarized as follows: IT SMEs pursuing technology innovation should: (1) pay attention to innovation oriented culture, IT capability, and evaluation & compensation systems of the company; (2) recognize that knowledge management is an essential activity performed by the company; (3) strengthen the R&D capabilities of the company by not only exerting internal efforts but establishing cooperative network with various parties; and (4) resolve the decoupling problem of the evaluation & compensation system.