기술도입과 연구개발비 투자가 기업가치에 미치는 영향에 관한 연구The Effect of technology import and R&D investment on the value of the firm
- Other Titles
- The Effect of technology import and R&D investment on the value of the firm
- Authors
- 정진호; 김현; 권정은
- Issue Date
- 2008
- Publisher
- 기술경영경제학회
- Keywords
- Technology strategy; Technology import; R& D investment; Firm' s value
- Citation
- 기술혁신연구, v.16, no.1, pp.191 - 213
- Indexed
- KCI
- Journal Title
- 기술혁신연구
- Volume
- 16
- Number
- 1
- Start Page
- 191
- End Page
- 213
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/124685
- ISSN
- 1598-1347
- Abstract
- This study investigates the effect of technology import and R&D investment on the value of the firm in Korea. The result shows that the technology import announcement effect of firms with a low R&D investment is higher than that of firms with a high R&D investment. The evidence suggests that technology import can substitute the existing R&D capability of the firm. In addition, the result shows that there is an optimal level of technology import and R&D investment to maximize the value of
the firm. In particular, firms with a low R&D investment and a large amount of technology import experience the highest announcement effect. The study concludes thatan adequate allocation of firm's capital between R&D investment and technology import is needed for firm's optimal technology strategy.
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Collections - College of Global Business > Global Business in Division of Convergence Business > 1. Journal Articles
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