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Determinants of the technology commercialization of the government-sponsored firms: Empirical evidence from Korean manufacturing

机译:政府资助企业技术商业化的决定因素:韩国制造业的经验证据

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Understanding how scientific knowledge is transformed into commercial products in the market place and how to profit from technological innovations are important research issues. A key management challenge is how to transform promising technologies into economic returns by their commercialization. This study investigates the commercialization of government-sponsored firms and analyzes the relationship between their performance and determinants of the successful commercialization such as their internal and external capabilities. The empirical results show that the innovative capabilities, the investment on external R&D as the open innovation activities in the internal capability, and government funding for R&D and its commercialization in the external capability have significantly positive impacts on the commercialization. Moreover, it is found that the determinants of successful commercialization performance in the large sized firm are different from those of the small and medium sized firm. This study is expected to contribute to the firms' formulation of their commercialization strategies to profit from their technological innovation and, in addition, the policy formulation to raise the firms' performance of technology commercialization.
机译:了解科学知识在市场中的商业产品转变为商业产品,以及如何从技术创新中获利是重要的研究问题。关键管理挑战是如何通过其商业化将有前途的技术转化为经济回报。本研究调查了政府赞助公司的商业化,并分析了他们的绩效与决定因素的成功商业化与内部和外部能力之间的关系。经验结果表明,创新能力,对外部研发的投资作为内部能力的开放创新活动,以及在外部能力中为研发和其商业化进行了商业化对商业化的影响。此外,发现大型公司成功商业化性能的决定因素与中小企业的成功商业化性能不同。预计本研究有助于公司对其商业化战略的制定,从他们的技术创新中获利,以及提高公司技术商业化绩效的政策制定。

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