• Journal of Technology Innovation
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• v.25 no.3
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• pp.197-231
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• 2017

We investigate the effect of technology convergence and spillover on firm performance. In doing so we specifically examine how automobile firms adapting aircraft technologies perform in stock market and product market. In order to use technology convergence and spillover, we investigate the patent citation relationship between aircraft and automobile related patents and construct the measures on automobile firms' adaptation of aircraft technologies. We also measure automobile firms' performance based on market value of firms in the stock market and revenues in product market. We find that the market value increases as automobile firms use the knowledge of aircraft technologies more. However, there is no relationship between the use of the aircraft technology and the revenue of automobile firms. This suggests that the use of advance aircraft technology plays a positive signaling role in financial market while it is not associated with generating revenues in product market.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.25 no.6
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• pp.1571-1582
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• 2015

This paper suggests a methodology for linking technology classification of nongovernmental information security field and technology classification of cyber-warfare in national defense field. Based on this methodology, Multi-Attribute Utility Theory(MAUT) is applied for the purpose of selecting promising nongovernmental technology that is worthy of later introduction or development. After studying the result of the survey regarding the research progression plan of the selected promising technology, the following three facts are discovered: Firstly, the greater the social spillover effect, the greater the need for the government lead R&D. Secondly, among the spillover effects, the social aspect has the highest correlation with respect to the need for the government lead R&D, while the economical aspect and the technological aspect come in the second and the third place, respectively. Finally, according to the correlation analysis, the defense application and the technological importance do not affect the subject of investment or the subject of development. This indicates that even though the R&D for technology with high social spillover effect should be lead by the government, the subject of the investment or the development cannot be determined solely by factors such as military application and technological importance.

• STI Policy Review
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• v.2 no.3
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• pp.35-44
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• 2011

Korea has rapidly increased R&D investment over the last few decades and the intensity of R&D investment is among the highest in the world; however, there are serious concerns about R&D performance and R&D efficiency. This study is to improve the economic assessment methodology regarding a feasibility study for national R&D programs that are thought to be one of the most prominent ways to enhance R&D efficiency. In order to improve the methodology of economic assessment, a few of important factors such as technical or market uncertainty, spillover effect, and R&D contribution ratio should be covered in the model. The focus of this article is technological and market uncertainty that has a close relation with strategic flexibility and utilization potential to increase the value of R&D programs. To improve the current linear and definitive R&D process, a new framework with strategic flexibility is suggested, in which the result of economic assessment that considers technological and market uncertainty is reflected in planning. That kind of feedback process is expected to enhance the value of the program/project as well as R&D efficiency.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.11 no.2
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• pp.167-182
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• 2016

The purpose of this study is to investigate the effects of CEO technological capability on management performance and mediating role of firm's technological capability. The empirical data for this study are taken not from subjective studies released by companies but from the Korea Technology Guarantee Fund's(KTGF) technology assessment data. The result are as follows. First, CEO technological capability has a very significant and important influence on firm's technological capabilities and on technological performance(intellectual property rights(-), technology spillover effect(+)) and on management performance. Second, mediating role of firm's technological capability is revealed negatively only between CEO technological capability and intellectual property rights. Because of CEO technological capability has a significant influence on firm's technological capability and management performance, start-up based on expertise show a higher probability of success than the founder.

• Journal of Technology Innovation
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• v.11 no.2
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• pp.195-217
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• 2003

Since the early 1990s, cluster-based policies have been celebrated as the basis of successful regional industrial and technological development strategy by encouraging regional innovation and technological spillover. Most recently, the Korean government has also begun to seek to initiate some strategies for promoting industry clusters. However, it is problematic that the cluster policies still focus on attracting related firms and establishing supporting agencies and physical infrastructures rather than improving social and institutional dimensions for cluster development such as social capital, networks, social learning capabilities, the governance of regional innovation. In this paper we attempt to elucidate social and institutional dimensions for cluster development and suggest some policy agenda to promote innovative cluster.

• Proceedings of the Technology Innovation Conference
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• 2003.06a
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• pp.57-71
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• 2003

기술기반사회로의 진화가 빠르게 진행되면서 경제성장에 있어 기술혁신의 중요성이 깊이 인식되어왔다. 그러나 혁신과 관련한 의사결정이 시장에만 맡겨질 경우 종종 시장실패가 일어나기 때문에 다양한 기술 혁신지원정책을 통해 공공이 개입하고 있는 실정이다. 공공의 기술혁신 지원정책이 수립, 시행되는데 있어 가장 중요한 근거는 경제적, 기술적 파급효과이며, 이에 근거할 때 공공차원의 선택과 집중이라는 문제도 합리성을 갖게 된다. 파급효과를 분석하기 위해서는 산업간 기술연관관계분석이 필수적으로 선행되어야 하며, 이와 관련하여 다수의 국내외 연구가 진행되어 왔다. 본 연구에서는 HS코드를 이용하여 산업별로 주 생산물 관련 키워드를 직접 생성하고, 특허 및 실용신안 등 지적재산권에 활용된 키워드 및 분류정보와 일치시킴으로서 지적재산권의 산업간 공유여부를 파악하는 메카니즘을 제안하고자 한다. 제안된 메카니즘을 제조업 세세분류(five-digit level)에 적용함으로서 세세분류산업간 연관관계를 제시하였다. 분석의 결과로서 부품소재산업을 중심으로 살펴볼 때 부품소재산업군과 여타산업군이 기술적으로 분절되어 있음을 확인하였다. 이 결과는 부품소재산업에서의 혁신은 부품소재산업군내에서 (비체화) 기술적 파급효과(disembodied technological spillover)를, 그리고 부품소재산업에서부터 여타 산업으로 (체화) 경제적 파급효과(embodied economic spillover)를 유발한다는 점을 시사하고 있다.

• Journal of the Economic Geographical Society of Korea
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• v.18 no.1
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• pp.115-135
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• 2015

In the glocalization a common phenomenon of several nations reveals knowledge innovation and growth by the important subject of region and state and is studied at theory and practice. the successful cases of regional development in an advanced country have leading innovation through regional innovation system and cluster. therefore we are necessary to analyse how the knowledge spillovers in innovative cluster as the reduced model of regional innovation system guide firm innovation and region growth. this article reviews theories and empirical studies of the knowledge spillovers in the regional innovation system and innovative cluster of innovative geography and proposes a new research issues for further explorations of the knowledge spillovers. Previous studies assist that knowledge spillovers exist in knowledge-based industries of specific local area and local innovation accomplishes through pure knowledge spillover. but limits of these studies include narrow region and technological area, few analytical variable and exclusion of rent knowledge spillover. therefore new research topics related with that exemplifies geographical dimension(concentration and decentralization), technological dimension(knowledge based industry), category of analytic variables(previous indicators, time, and social capital), conceptualization(appropriation means, markets for technology) etc.

• Journal of Korean Institute of Industrial Engineers
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• v.43 no.1
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• pp.49-61
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• 2017

This paper proposes an R&D project selection methodology for green technology centered on developing country-oriented technology commercialization. Eight selection criteria are derived from the R&BD logic model : technology needs of developing countries, effectiveness of green technology, technological potentials, domestic technological capability, commercialization feasibility, economic benefits, business feasibility, and spillover effects of developing countries. 21 qualitative and quantitative indicators are then defined for each criterion. The analytic hierarchy process is conducted to produce relative importance of evaluation indicators and to set final priority scores of R&D project candidates. The working of the proposed methodology is provided with the help of a case study example of Green Technology Center. The proposed methodology is expected to be effectively utilized for policy practices of R&D project selection in the field of green technology.

• International Commerce and Information Review
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• v.11 no.4
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• pp.347-372
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• 2009

International investment has been gaining the importance in the economic growth, employment and technological spillover for many countries at the time of unrestrained flow of the production resources, inter alia, the capital. International investment is prerequisite for Korea to overcome its resource-scarcity. This paper studied some contentious issues of international investment and attempted to suggest negotiating position for Korea on future FTAs. We have made theoretical research of the issues and derived common denominators from four previous FTAs which Korea has concluded. Based on both theories and evidences, we suggest that Korea be ready to have more open attitude for incoming international investment, that is, foreign direct investment(FDI) in future FTA negotiations although Korea should have rather flexible strategy on international investment issues, on the basis of the reciprocity.

• Asian Journal of Innovation and Policy
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• v.3 no.1
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• pp.94-116
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• 2014

The technological innovation is considered as an important factor and there is a positive externality in developing technology in the form of technology spillover. In this context, it is argued that government should play an active role in advancing technology development and several means have been introduced. This study attempts to analyze manufacturing firms' evaluation for the performance of government assistance programs to their R&D activities. Considering that the performance evaluation takes the form of a count outcome, we apply several kinds of count data models. Some interesting findings emerge from the analysis. For example, we found that a firm's sales amount, dummy for the firm's having an R&D department, dummy for the firm's being a venture one, and the number of the firm's innovative activities have positive relationships with the degree that the firm evaluates government assistance as being useful.