{"title":"The moderating role of external private investment on government-sponsored commercialisation R&D","authors":"Zhunwoo Kim, Ohsung Kwon","doi":"10.17811/ebl.13.1.2024.12-19","DOIUrl":null,"url":null,"abstract":"The influence of external private investment (EPI) in public R&D is well-known, however, research has yet to understand the significance of it on the success of R&D. We expand upon existing literature by focusing on the effect of EPI in conducting public R&D, and more specifically, suggesting the moderating role of EPI on the commercialisation success with 472 samples from Korean manufacturing firms. Our findings address that EPI positively moderates the relationship between the amount of government fund, the difference of technology readiness level before and after R&D, and the commercialisation success. As a result, this research contributes to a managerial perspective; concluding that public R&D with EPI is both more successful and rewarding.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":null,"pages":null},"PeriodicalIF":0.9000,"publicationDate":"2024-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics and Business Letters","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17811/ebl.13.1.2024.12-19","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The influence of external private investment (EPI) in public R&D is well-known, however, research has yet to understand the significance of it on the success of R&D. We expand upon existing literature by focusing on the effect of EPI in conducting public R&D, and more specifically, suggesting the moderating role of EPI on the commercialisation success with 472 samples from Korean manufacturing firms. Our findings address that EPI positively moderates the relationship between the amount of government fund, the difference of technology readiness level before and after R&D, and the commercialisation success. As a result, this research contributes to a managerial perspective; concluding that public R&D with EPI is both more successful and rewarding.
期刊介绍：
Economics and Business Letters is an open access journal that publishes both theoretical and empirical quality original papers in all economics and business fields. In addition, relevant discussions on current policy issues will be considered for the Policy Watch section. As general strategy of EBL, the journal will launch calls for papers for special issues on topics of interest, generally with invited guest editors. The maximum length of the letters is limited to 2,500 words.
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