Opposite effects of R&D cooperation on financial and technological performance in SMEs

Joowoong Park, Jihyun Kim, Hyungsoo Woo and Jae-Suk Yang

Journal of Small Business Management, 2022, vol. 60, issue 4, 892-925

Abstract: The effect of R&D cooperation on SME performance is inconsistent in the literature. Using data on Korean SMEs from 2013 to 2015, we analyzed the effect of R&D cooperation on their financial and technological performance and examined the relationship between SME spontaneity and R&D cooperation. The results show that R&D cooperation has positive effects on financial performance and has negative effects on technological performance. Concerning the spontaneity of R&D cooperation, larger SMEs exhibit greater R&D cooperation without the need for government intervention, unlike smaller SMEs. SMEs and governments should consider performance goals and firm size to optimize R&D strategy.

Date: 2022
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DOI: 10.1080/00472778.2020.1740597

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