How absorptive capacity is formed?

노트 : Paper prepared for the the Asia-Pacific Economic and Business History Conference 2011, held in Berkeley, California, USA, on 18-20 February 201

Management Practices and Firm Performance in Japanese and Korean Firms

The US economy had accelerated economic growth since the late 1990s. At first, many economists and policy makers believed that the rapid growth in the IT industry and IT investment contributed to the acceleration in US economic growth and many advanced countries supported the IT industry and IT investment in their own countries. However, the gap in rates of economic or productivity growth between the US and other advanced countries has remained even in the early 2000s. Since then, many economists have paid attention to the complementary role in intangible assets in productivity growth, that is, they started to believe that without intangible assets, the IT assets does not contribute to productivity growth at the firm and aggregated level.Japanese firms, Korean firms, management practices

Modes of knowledge transfer from PROs and firm performance: the case of Korea

This paper aims to conceptualize the modes of knowledge transfer from PROs and to identify the impacts of the modes on firm performance. To these ends, this utilizes the Survey on Korean industry-university/PRI relationships to estimate the impacts of its mode in terms of the innovation probability, patents and sales of Korean firms. First, we find that non-IP modes of knowledge transfer and patent/licensing from PROs facilitate the innovation probability or the patent-filing of firms, while business activity does not. Second, non-IP modes of knowledge transfer and patent/ licensing from PROs contribute to industrial innovation, by creat- ing new knowledge through patents, but they face limitations in industrializing knowledge through sales. Third, non-IP modes of knowledge transfer facilitate industrial innovation, through the patent-filing, only in the high-tech industries, while they still face limitations, through sales, even in these industries. This reflect the nature of knowledge industrialization in Korea, and we suggest several policy implications