SME’s Appropriability regime for Sustainable Development-the Role of Absorptive Capacity and Inventive Capacity
HanGyeol Seo, Yanghon Chung, Chungwon Woo, Dongphil Chun, Sara Jang (Co-author: Chung-Won Woo) Sustainability, 8(7), 665-680, 2016 · DOI: 10.3390/su8070665
TL;DR — SMEs need to protect their innovation outcomes and increase profits from their innovations in order to make their growth sustainable. The appropriability regime enables SMEs to secure financial returns on their R&D investment so that SMEs can continuously invest in innovation and obtain financial ga
Abstract
SMEs need to protect their innovation outcomes and increase profits from their innovations in order to make their growth sustainable. The appropriability regime enables SMEs to secure financial returns on their R&D investment so that SMEs can continuously invest in innovation and obtain financial gains. However, the appropriability regime can change the effects of protecting innovation outcomes depending on the capacity of knowledge exploration, especially for SMEs, and previous studies have not discussed these issues. Thus, the main objective of this paper is to explore how the knowledge exploration capacity affects the relationship between different types of appropriability regimes and innovation performance. Multivariate regression is used to analyze the manufacturing SMEs sampled from the Korea Innovation Survey 2007 (KIS 2007). Our results demonstrate that both formal and informal appropriability regimes can improve firm's innovation performance. Furthermore, although both inventive and absorptive capacity have positive moderating effects on the relationship between the informal appropriability regime and innovation performance, the inventive capacity moderates negatively the relationship between the formal appropriability regime and innovation performance.
How to cite
APA: HanGyeol Seo, Yanghon Chung, Chungwon Woo, Dongphil Chun, Sara Jang (2016). SME’s Appropriability regime for Sustainable Development-the Role of Absorptive Capacity and Inventive Capacity. Sustainability, 8(7), 665-680. https://doi.org/10.3390/su8070665
BibTeX:
@article{woosmeappropriabilitycapacity,
title={SME’s Appropriability regime for Sustainable Development-the Role of Absorptive Capacity and Inventive Capacity},
author={HanGyeol Seo and Yanghon Chung and Chungwon Woo and Dongphil Chun and Sara Jang},
journal={Sustainability}, volume={8}, number={7}, pages={665--680},
year={2016}, doi={10.3390/su8070665}}