Interactive and synergistic relationships among different types of innovations

초록

The coronavirus (COVID-19) pandemic has not only led to rapid innovation but also shortened the innovation cycle. By comparing the manufacturing and service industries, this study investigated the controversial rela-tionship between product and process innovation from a long-term perspective and examined the synergistic effects of diverse types of innovation on firm performance. Recent five-year Korean Innovation Survey data showed that product and process innovation had interrelationships rather than a one-way sequential relation-ship. Furthermore, the four different innovation activities have synergistic effects on the firms' financial performance.

키워드