Contextual factors affecting the innovation performance of manufacturing SMEs in korea

A structural equation modeling approach

Ye Seul Choi, Up Lim

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

This study empirically explores the relationship between innovation performance and the internal and contextual factors driving technological innovation in manufacturing small and medium-sized enterprises (SMEs) in metropolitan areas of Korea using structural equation modeling (SEM). Our analysis is based on firm-level data from the Korean Innovation Survey conducted by the Science and Technology Policy Institute in 2012. According to the results, SMEs' innovation capacity was positively related to technological innovation performance, and SMEs' skills and technology acquisition is a contextual factor that positively influences their innovation performance. In this process, SMEs' innovation capacity is a partial mediator between skills and technology acquisition and SMEs' technological innovation performance. Moreover, the results show that the relationship between government and public policies and SMEs' innovation performance is mediated by SMEs' internal innovation capacity. The results imply that both skills and technology acquisition and government and public policies are important contextual factors can increase SMEs' innovation performance. Based on the results, this study provides implications for policy makers in terms of the policies that provide both direct and support roles in fostering and sustaining innovation, which drives regional economic growth and development.

Original languageEnglish
Article number1193
JournalSustainability (Switzerland)
Volume9
Issue number7
DOIs
Publication statusPublished - 2017 Jul 6

Fingerprint

small and medium-sized enterprise
Korea
manufacturing
innovation
Innovation
innovation capacity
modeling
performance
Industry
technical innovation
government policy
public policy
technology policy
agglomeration area
economic growth
firm
science and technology
growth and development
metropolitan area
economic development

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Renewable Energy, Sustainability and the Environment
  • Management, Monitoring, Policy and Law

Cite this

@article{ce0e7ca65ca44900982fd92380d775b3,
title = "Contextual factors affecting the innovation performance of manufacturing SMEs in korea: A structural equation modeling approach",
abstract = "This study empirically explores the relationship between innovation performance and the internal and contextual factors driving technological innovation in manufacturing small and medium-sized enterprises (SMEs) in metropolitan areas of Korea using structural equation modeling (SEM). Our analysis is based on firm-level data from the Korean Innovation Survey conducted by the Science and Technology Policy Institute in 2012. According to the results, SMEs' innovation capacity was positively related to technological innovation performance, and SMEs' skills and technology acquisition is a contextual factor that positively influences their innovation performance. In this process, SMEs' innovation capacity is a partial mediator between skills and technology acquisition and SMEs' technological innovation performance. Moreover, the results show that the relationship between government and public policies and SMEs' innovation performance is mediated by SMEs' internal innovation capacity. The results imply that both skills and technology acquisition and government and public policies are important contextual factors can increase SMEs' innovation performance. Based on the results, this study provides implications for policy makers in terms of the policies that provide both direct and support roles in fostering and sustaining innovation, which drives regional economic growth and development.",
author = "Choi, {Ye Seul} and Up Lim",
year = "2017",
month = "7",
day = "6",
doi = "10.3390/su9071193",
language = "English",
volume = "9",
journal = "Sustainability",
issn = "2071-1050",
publisher = "MDPI AG",
number = "7",

}

TY - JOUR

T1 - Contextual factors affecting the innovation performance of manufacturing SMEs in korea

T2 - A structural equation modeling approach

AU - Choi, Ye Seul

AU - Lim, Up

PY - 2017/7/6

Y1 - 2017/7/6

N2 - This study empirically explores the relationship between innovation performance and the internal and contextual factors driving technological innovation in manufacturing small and medium-sized enterprises (SMEs) in metropolitan areas of Korea using structural equation modeling (SEM). Our analysis is based on firm-level data from the Korean Innovation Survey conducted by the Science and Technology Policy Institute in 2012. According to the results, SMEs' innovation capacity was positively related to technological innovation performance, and SMEs' skills and technology acquisition is a contextual factor that positively influences their innovation performance. In this process, SMEs' innovation capacity is a partial mediator between skills and technology acquisition and SMEs' technological innovation performance. Moreover, the results show that the relationship between government and public policies and SMEs' innovation performance is mediated by SMEs' internal innovation capacity. The results imply that both skills and technology acquisition and government and public policies are important contextual factors can increase SMEs' innovation performance. Based on the results, this study provides implications for policy makers in terms of the policies that provide both direct and support roles in fostering and sustaining innovation, which drives regional economic growth and development.

AB - This study empirically explores the relationship between innovation performance and the internal and contextual factors driving technological innovation in manufacturing small and medium-sized enterprises (SMEs) in metropolitan areas of Korea using structural equation modeling (SEM). Our analysis is based on firm-level data from the Korean Innovation Survey conducted by the Science and Technology Policy Institute in 2012. According to the results, SMEs' innovation capacity was positively related to technological innovation performance, and SMEs' skills and technology acquisition is a contextual factor that positively influences their innovation performance. In this process, SMEs' innovation capacity is a partial mediator between skills and technology acquisition and SMEs' technological innovation performance. Moreover, the results show that the relationship between government and public policies and SMEs' innovation performance is mediated by SMEs' internal innovation capacity. The results imply that both skills and technology acquisition and government and public policies are important contextual factors can increase SMEs' innovation performance. Based on the results, this study provides implications for policy makers in terms of the policies that provide both direct and support roles in fostering and sustaining innovation, which drives regional economic growth and development.

UR - http://www.scopus.com/inward/record.url?scp=85021898334&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85021898334&partnerID=8YFLogxK

U2 - 10.3390/su9071193

DO - 10.3390/su9071193

M3 - Article

VL - 9

JO - Sustainability

JF - Sustainability

SN - 2071-1050

IS - 7

M1 - 1193

ER -