1. Post-Catch-Up Strategy for Medium-Sized South Korean Firms: Improving Technological Capabilities by Balancing R&D Intensity and Open Innovation.
- Author
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Paik, Jiwon and Chang, Hyun Joon
- Subjects
TECHNOLOGICAL innovations ,RESEARCH & development ,STRATEGIC planning - Abstract
This study examines how R&D intensity and open innovation affect the technological capabilities of firms in newlydeveloped countries, such as South Korea. East Asian latecomers are transitioning from a catch-up phase toward becoming leaders, and they are engaging in open innovation activities to drive this transition. This research quantitatively analyzes three kinds of open innovation activities--outside-in, inside-out, and coupled--to investigate their influence upon technological capabilities, while also considering the effect of R&D intensity. Data from 75 South Korean medium-sized firms were analyzed, and two major findings are reported. First, technological capabilities are enhanced by some open innovation activities and by R&D intensity. Second, R&D intensity negatively moderates the impact of open innovation activities on technological capabilities. Therefore, it may be concluded that firms with relatively low R&D intensity will gain the most benefit from increasing their open innovation activities. [ABSTRACT FROM AUTHOR]
- Published
- 2015
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