The R&D and productivity relationship of Korean listed firms
DC Field | Value | Language |
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dc.contributor.author | Heshmati, Almas | - |
dc.contributor.author | Kim, Hyesung | - |
dc.date.accessioned | 2021-09-07T07:58:13Z | - |
dc.date.available | 2021-09-07T07:58:13Z | - |
dc.date.created | 2021-06-18 | - |
dc.date.issued | 2011-10 | - |
dc.identifier.issn | 0895-562X | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/111513 | - |
dc.description.abstract | This study analyzes the relationship between R&D investment and the productivity of Korean R&D-engaged firms. An interdependent chain of equations including the propensity to invest, R&D investment and productivity are estimated in a multi-step procedure accounting for selectivity and simultaneity biases. Using Korean firm level panel data of listed firms from 1986 to 2002, we find four main empirical results. First, there is a two-way causal relationship between R&D investment and productivity for Korean listed firms. Second, Chaebol firms were associated with lower R&D growth as well as lower labor productivity growth in comparison to non-Chaebol firms. Third, there was a substantial reduction in growth rates both in R&D investment and labor productivity in 1997-1998, immediately following the Asian financial crisis. Fourth, considering the positive feedback effect from productivity growth to R&D growth, a decrease in R&D investment growth after the Asian financial crisis should have been harmful by further decreasing productivity growth. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | SPRINGER | - |
dc.subject | LEVEL | - |
dc.subject | PERFORMANCE | - |
dc.subject | INNOVATION | - |
dc.subject | EFFICIENCY | - |
dc.subject | GROWTH | - |
dc.subject | SIZE | - |
dc.title | The R&D and productivity relationship of Korean listed firms | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Heshmati, Almas | - |
dc.identifier.doi | 10.1007/s11123-010-0206-y | - |
dc.identifier.scopusid | 2-s2.0-80052345263 | - |
dc.identifier.wosid | 000294710400002 | - |
dc.identifier.bibliographicCitation | JOURNAL OF PRODUCTIVITY ANALYSIS, v.36, no.2, pp.125 - 142 | - |
dc.relation.isPartOf | JOURNAL OF PRODUCTIVITY ANALYSIS | - |
dc.citation.title | JOURNAL OF PRODUCTIVITY ANALYSIS | - |
dc.citation.volume | 36 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 125 | - |
dc.citation.endPage | 142 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalResearchArea | Mathematical Methods In Social Sciences | - |
dc.relation.journalWebOfScienceCategory | Business | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalWebOfScienceCategory | Social Sciences, Mathematical Methods | - |
dc.subject.keywordPlus | LEVEL | - |
dc.subject.keywordPlus | PERFORMANCE | - |
dc.subject.keywordPlus | INNOVATION | - |
dc.subject.keywordPlus | EFFICIENCY | - |
dc.subject.keywordPlus | GROWTH | - |
dc.subject.keywordPlus | SIZE | - |
dc.subject.keywordAuthor | R& | - |
dc.subject.keywordAuthor | D investment | - |
dc.subject.keywordAuthor | Productivity | - |
dc.subject.keywordAuthor | Selectivity | - |
dc.subject.keywordAuthor | Chaebol | - |
dc.subject.keywordAuthor | Simultaneity | - |
dc.subject.keywordAuthor | Asian financial crisis | - |
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