The Effect of a Financial Support on Firm Innovation Collaboration and Output: Does Policy Work on the Diverse Nature of Firm Innovation?

Kiman Kim (), Sang Ok Choi () and Sooyeon Lee ()
Additional contact information
Kiman Kim: Green Technology Center
Sang Ok Choi: Korea University
Sooyeon Lee: Yuhan University

Journal of the Knowledge Economy, 2021, vol. 12, issue 2, No 12, 645-675

Abstract: Abstract Although prior studies explored the effectiveness of innovation policy in terms of firm’s collaboration and innovation output, few studies examined a nature of these effects. This paper addresses this gap by investigating policy effects on firm’s collaboration regarding a type of partnerships and innovation output in terms of a novelty. The empirical analyses from logistic regression and propensity score matching with the data from Korea Innovation Survey 2014 of manufacturing industries reveal that public support leads to increased collaboration and innovation output in overall. Moreover, a magnitude of effects is cumulative along with the extent of a policy scheme. However, the effect on innovation output seems to be only captured by a high degree of the support. These results implicate that a certain threshold level of intervention is needed to trigger innovation outcome. This paper contributes to the understanding of policy effectiveness regarding a nature of innovation activities.

Keywords: Public financial support; Innovation; Inter-organizational collaboration; Innovation performance; Policy effectiveness (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://link.springer.com/10.1007/s13132-020-00667-9 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:12:y:2021:i:2:d:10.1007_s13132-020-00667-9

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-020-00667-9

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().