Does R&amp;D investment increase SME survival during a recession?

Jung, Hyejin; Hwang, Jungtae; Kim, Byung-Keun

doi:10.1016/j.techfore.2018.07.042

Cited by 71 publications

(52 citation statements)

References 60 publications

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“…definitions of manufacturing SMEs: 200 employees in the EU and 500 in the U.S.). As for the multiple responses, firms with a response frequency of five or more and exit firms with two or more were included in the dataset; this is because the associated research article [1] conducted a survival analysis demanding longitudinal data. There are five innovation clusters under the management of government agencies, but only three innovation clusters were included.…”

Section: Experimental Design Materials and Methodsmentioning

confidence: 99%

“…Firms with fewer than 500 employees are included in the dataset. Even though the data collection in Korea's innovation clusters began in 2006, the current dataset in this data article only contains collections from 2008, which is due to the associated research [1] demanding the dataset after the 2008 financial crises. The dataset is valuable since it is hard to obtain innovation related information and business closure information together on small and medium enterprises (SMEs).…”

Section: Datamentioning

confidence: 99%

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Longitudinal small and medium enterprise (SME) data on survival, research and development (R&D) investment, and patent applications in Korea's innovation clusters from 2008 to 2014

Kim

Hwang

2019

Data in Brief

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This article contains survey data from 588 firms on 1) their length of survival, 2) technological innovation related information, such as research and development (R&D) investment, research manpower, and the number of patent applications, along with 3) other basic data on firm size and affiliated industry sector. The dataset was extracted from firms residing in three different innovation cluster regions of Korea. All the data in this article are based on firm level questionnaire in the innovation cluster regions, with the exception of the firm survival information extracted from the National Tax Service of Korea and industry information from “Statistics Korea”. The related research article using the current dataset was published under the following title: “Does R&D investment increase SME survival during a recession?” Jung et al., 2018.

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Section: Experimental Design Materials and Methodsmentioning

confidence: 99%

Section: Datamentioning

confidence: 99%

Longitudinal small and medium enterprise (SME) data on survival, research and development (R&D) investment, and patent applications in Korea's innovation clusters from 2008 to 2014

Kim

Hwang

2019

Data in Brief

Self Cite

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“…In addition, we hypothesize that firm innovation conditions the likelihood of the Peter Pan syndrome. Because innovation plays an important role in firm survival by enhancing firm-specific learning capacity, technological competitiveness, and adaptability to the business environment (Cefis & Marsili, 2006;Cohen & Levinthal, 1989;Eisenhardt & Martin, 2000;Fontana & Nesta, 2009;Hall, 1987;Jung, Hwang, & Kim, 2018;Wojan, Crown, & Rupasingha, 2018), we conjecture that SMEs that invest more in R&D are less dependent on government support compared with their less innovative counterparts.…”

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

The Peter Pan syndrome for small and medium‐sized enterprises: Evidence from Korean manufacturing firms

Choi

Lee

2020

Manage Decis Econ

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This study examines whether government support for small and medium‐sized enterprises (SMEs), aimed at stimulating their growth, achieves its intended goal. We argue that government subsidies create the incentive for SMEs to remain small in order to keep receiving such support and thus SMEs are reluctant to grow. We call this phenomenon the Peter Pan syndrome. Using a dataset of Korean manufacturing firms during the period of 2010–2012, we find that the Peter Pan syndrome indeed exists and that the likelihood of the Peter Pan syndrome is conditioned by factors that influence their incentive to remain as SMEs.

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“…In this case, enterprises may fall into a traditional extensive production mode, relying on economic resources and energy input. As a result, enterprises cannot effectively achieve market competitiveness and will increase the energy consumption burden on society as a whole [16,17].…”

Section: Introductionmentioning

confidence: 99%

The Dynamic Effect of High-Tech Industries’ R&D Investment on Energy Consumption

2019

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High-tech industries are characterized by strong technology, low energy consumption, and low pollution. Among these high-tech industries, five sectors (pharmaceutical industry, aerospace industry, electronic and communication equipment industry, computer and office equipment industry, and medical equipment industry) are selected for our study; and R&D investment is an important support for the development of high-tech industries. How do research and development (R&D) investments affect energy consumption in high-tech industries? Are these effects all positive? What are the differences in the impacts for different types of high-tech sectors or in different regions? And why? To analyze these issues, state space mode is an appropriate method which presented a dynamic process, accurately estimating the parameters at each time nod. We used this model to analyze the impact of five high-tech sectors' research and development (R&D) investments on energy consumption in the four regions of China from 1998 to 2016. Some conclusions are drawn from the research: (1) Pharmaceutical industry has a negative influence on energy consumption in all regions. Compared with other types of high-tech industries, the pharmaceutical industry consumes a higher degree of energy. (2) In the east, middle, and northeast of China, a gap remains between scientific research and production due to the lack of high-tech personnel in the aerospace industry, which lead to a weak effects on energy consumption in these regions (3) For the electronic and communication equipment industry and computer and office equipment industry, the continuous inflow of funds and talent has led to greater competition pressure and excess production capacity in some developed areas. This accounts for the fact that the two industries' R&D investment is beneficial to the reduction of energy consumption in the western regions. (4) The densely populated eastern region has a large demand for health services, leading to an increased demand for medical equipment. That is why the R&D of medical equipment industry have significantly reduced the energy consumption in the east regions than in the other regions.

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Does R&D investment increase SME survival during a recession?

Cited by 71 publications

References 60 publications

Longitudinal small and medium enterprise (SME) data on survival, research and development (R&D) investment, and patent applications in Korea's innovation clusters from 2008 to 2014

Longitudinal small and medium enterprise (SME) data on survival, research and development (R&D) investment, and patent applications in Korea's innovation clusters from 2008 to 2014

The Peter Pan syndrome for small and medium‐sized enterprises: Evidence from Korean manufacturing firms

The Dynamic Effect of High-Tech Industries’ R&D Investment on Energy Consumption

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