Who are the most effective R&D partners for different types of product innovation? Evidence from South Korean manufacturing firms

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R&D cooperation is a key to combining firms' internal and external technological capabilities. This article empirically investigates the effect of R&D cooperation partners on different types of product innovation. This study considers four types of partners in R&D cooperation: suppliers, customers, competitors, and universities. Three purposes of product innovation are considered: diversification of products, pioneering a new market, and standardization of technology. The main findings are: (1) R&D cooperation with suppliers and competitors has a positive effect on standardization of technology, (2) R&D cooperation with customers has a positive effect on diversification of products and pioneering a new market, and (3) R&D cooperation with universities has a positive effect on pioneering a new market and standardization of technology.
Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Issue Date
2020-01
Language
English
Article Type
Article
Citation

APPLIED ECONOMICS LETTERS, v.27, no.1, pp.58 - 61

ISSN
1350-4851
DOI
10.1080/13504851.2019.1607242
URI
http://hdl.handle.net/10203/282116
Appears in Collection
MG-Journal Papers(저널논문)
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