The Impact of Efficiency Parameters on Firms Innovative Activities: Evidence from Korean Firm-level data

Seong-Sang Lee () and Yeonbae Kim ()
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Yeonbae Kim: Technology Management, Economics and Policy Program (TEMEP), Seoul National University

No 200924, TEMEP Discussion Papers from Seoul National University; Technology Management, Economics, and Policy Program (TEMEP)

Abstract: With the premise that patent data are reliable indicators of innovativeness, the empirical analysis of R&D?patents relationship is useful for monitoring the efficiency of the innovation process. This paper extends the research on the relationship between R&D spending and patent counts by estimating the impact of efficiency parameters. A data set from 1255 firms with nonzero R&D expenditures in Korea was studied. Results show that the difference in firms¡¯ innovative performance is attributable to firm-specific characteristics, including propensity to patent and firm size, and differences in efficiency parameters. They also indicate that firms that conduct patent searches before starting R&D activities obtain an average of 13.9% more patents with an increase of one unit on the ¡®patent search¡¯ scale. Results also show the importance of the role of IP managers and revenue splitting policy for employee-inventors in the innovation process.

Keywords: Incentive for employee-inventor; innovation process; innovative performance; IP manager; preliminary patent search; R&D-patents relationship (search for similar items in EconPapers)
Pages: 22 pages
Date: 2009-10, Revised 2009-11
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ino, nep-ipr, nep-pr~, nep-sbm and nep-tid
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Published in Innovation, Management, Policy & Practice journal (Volume 12 Issue 3, 2010) of eContent Management Pty Ltd

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