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- 저자 : 정해혁(Hae Hyeog Jung) (검색결과 1 건)
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신영수(Young Soo Shin),장성근(Seong Keun Jang),정해혁(Hae Hyeog Jung) 한국경영학회 2009 經營學硏究 Vol.38 No.1
Many CEOs and managers have a strong belief that increasing R&D spending will render excellent technologies and new products can be successfully developed from these technologies. Eventually, they hope financial (firm) performance would be improved by introducing new products. But findings from previous studies on the relationship between R&D investment and firm performance have been contradictory. Two major streams of research can be identified. One stream is that relationship between R&D investment and firm performance is positive and significant. The other stream is that relationship between R&D investment and firm performance is negative or not significant. Current research largely focuses on the linking mechanism of how firm performance is actually realized from R&D investment. Many studies emphasize technology management capability as a critical factor linking R&D investment and corporate performance. Further study on the relationship between R&D investment, technology management capability, and corporate performance is required to identify how financial performance is actually realized from R&D investment. Therefore, the purpose of this study is to examine the relationship between R&D investment, technology management capability, and firm performance, In particular, this paper investigates the role of technology management capability in linking R&D investment and firm performance. We empirically test our research model with a survey and secondary data from 175 Korean firms operating R&D center. According to the results using the structural equation modeling (SEM), we found that technology management capability is a moderator linking R&D investment and firm performance. In addition, We tested the direct relationship between R&D investment and corporate performance and came up with negative effect. These results suggest technology management capability is more critical than simply increasing R&D investment. Therefore, firms must build up technology management capability (including strategy, process, organization, people, and leadership etc.) with increasing R&D investment to achieve high performance.
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