1. Structural equation model for the evaluation of national funding on R&D project of SMEs in consideration with MBNQA criteria.
- Author
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Sohn SY, Gyu Joo Y, and Kyu Han H
- Subjects
- Commerce economics, Engineering methods, Financing, Government standards, Financing, Government statistics & numerical data, Financing, Organized statistics & numerical data, Humans, Korea, Models, Econometric, Research Support as Topic organization & administration, Research Support as Topic statistics & numerical data, Science methods, Technology methods, Total Quality Management, Engineering economics, Financing, Organized standards, Foundations, Program Evaluation methods, Research Support as Topic standards, Science economics, Technology economics
- Abstract
Financial support on the R&D in Science & Technology for SMEs at the governmental level plays a crucial role on the improvement of the national competitiveness. Korea Science & Engineering Foundation (KOSEF) has supported the R&D projects of SMEs with the competitive technology ability by way of the Science and Technology Promotion Fund. In this paper, we propose a structural equation model (SEM) to evaluate the performance of such a funding program in terms of three aspects: output, outcome and impact under given funding inputs, R&D environment of a recipient company, and external evaluation programs of funding organization. We adopt Malcolm Baldrige National Quality Award (MBNQA) criteria to assess the R&D environmental factors of recipient companies. In addition, we test the effect of interim evaluation of the funded project. The proposed model is applied to the real case and is used to identify the best practices as well as to provide feedback information for the improvement of the government funding programs of the R&D projects of SMEs.
- Published
- 2007
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