The Impact of Financial Support System on Technology Innovation: A Case of Technology Guarantee System in Korea
AbstractWe analyzed the impact of financial support system on technological innovation of small and medium manufacturing firms in Korea, with a special interest in technology guarantee system. This was done using a sample of 1,014 Korean manufacturing firms of which 43% were venture companies. Our study provides two important conclusions. First, the result of empirical analysis indicates that financial support systems have a significant influence on both product innovation and process innovation of SMEs in Korea. Second, a more important conclusion of this research is that technology guarantee system impacts on product innovation; however not on process innovation. This result implies that technology guarantee system attaches more importance to technological innovations related with product development than to those related with process enhancement.
Metrics Loading ...
How to Cite
Jang, W.-S., & Chang, W. (2008). The Impact of Financial Support System on Technology Innovation: A Case of Technology Guarantee System in Korea. Journal of Technology Management &Amp; Innovation, 3(1), 10–16. Retrieved from https://www.jotmi.org/index.php/GT/article/view/art68