2008
DOI: 10.1007/s10529-008-9745-y
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What affects the innovation performance of small and medium-sized enterprises (SMEs) in the biotechnology industry? An empirical study on Korean biotech SMEs

Abstract: Research-intensive small and medium-sized enterprises (SMEs) play a crucial role in the advancement of the biotechnology industry. This paper explored the impacts of internal and contextual variables on innovative activity in Korea and compared the results of this analysis with previous studies of other countries. Our analysis of 149 Korean biotech SMEs showed that the ratio of R&D expenditure to sales, the ratio of R&D employees to total employees, CEO characteristics, governmental support and international n… Show more

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Cited by 23 publications
(24 citation statements)
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“…In 2006, the second framework plan for pan-governmental BT promotion, BioVision 2016 (2007–2016), was established to transform BT into a national economic growth sector, with a budget of Won 14.3 trillion (US$ 16.6 billion) [ 52 ]. This result is consistent with the finding that these strong efforts of the Korean government helped increase the innovation capacity in BT [ 82 84 ].…”
Section: Resultssupporting
confidence: 92%
“…In 2006, the second framework plan for pan-governmental BT promotion, BioVision 2016 (2007–2016), was established to transform BT into a national economic growth sector, with a budget of Won 14.3 trillion (US$ 16.6 billion) [ 52 ]. This result is consistent with the finding that these strong efforts of the Korean government helped increase the innovation capacity in BT [ 82 84 ].…”
Section: Resultssupporting
confidence: 92%
“…For this reason, it is important for the Korean government to provide financial support for Korean SMMEs to encourage their MES implementations. This is also similar to the results of other studies where the role of government had a positive impact on promoting e-business (Jeon et al 2006) and R&D in the biotechnology industry (Kang and Lee 2008).…”
Section: Discussionsupporting
confidence: 91%
“…Innovations are understood as interactive learning processes that are socially embedded (Moodysson, ), and thus the process naturally lends itself to benefiting from increased interaction with synergistic yet diverse contributors (Becker and Dietz, ; Doloreaux, ). Scholars postulated that interactions with complementary external partners help firm's innovation efforts gain competitive edge by overcoming knowledge deficiencies (Sveiby, ; Gunasekaran, ), as well as accessing scarce resources and competencies (Romijn and Albaladejo, ; Becheikh et al., ; Kang and Lee, ; de Faria et al., ; Lewis et al., ). In fact, for many firms, it is not a simple question of being closed or open with respect to innovation because structured external collaborative innovation can be complementary to internal innovation capabilities (de Faria et al., ).…”
Section: Theoretical Backgroundmentioning
confidence: 99%