EXPLORING THE DETERMINANTS OF GOVERNMENT-SPONSORED R&D PERFORMANCE IN KOREA

Abstract

This article explores the determinants of government-sponsored R&D performance. Utilizing the resource-based view and transaction cost economics, it empirically examines how internal and external resources and collaborative partnerships influence academic and commercial outputs. Regression analysis of 10,612 government-sponsored Korean R&D projects reveals that internal (government and corporate funding, research capability, R&D type) and external (industry, region) resources are verifiably the major determinants of academic and commercial outputs. The findings also reveal that R&D collaboration is a major determinant of commercial outputs in a broader context.