IP기업의 기술적 다각화 전략을 통한 비체계적 위험의 분산 효과에 관한 실증연구 = An Empirical Study on the Effect of Dispersion of Unsystematic Risk through the Technological Diversification Strategy of IP Companies

다국어 초록 (Multilingual Abstract)

This paper studies the effects of technological diversification on IP companies that make a company’s intellectual property rights through patent applications and thereby enhance the company’s competitiveness. Unlike previous prior studies, there is a difference in this study that the company’s performance through technological diversification was set as a decentralized effect of unsystematic risks without using financial performance, technical performance, and social performance. To examine these effects, in this work, the technological diversification index was measured in an entropy-based manner and it was divided into related and unrelated diversification indices. It is also meaningful to demonstrate dynamically the dispersion effect of unsystematic risks on the above diversification index over time. As a result, it is shown that only unrelated technology diversification strategies have a dynamic effect that transforms the dispersion effect of unsystematic risks of IP firms into the positive effect over time. This contributes to fostering potential innovators by suggesting to policy practitioners the value of unrelated technology development experiences that have been relatively neglected compared to the relevant technology development experience required by the state.