창업초기기업의 연구개발효과에 대한 정책선정변수비교
The Comparativeness of Policy Choice Instruments on Start-up Firm's R&D Effect
조상섭(호서대학교)
9권 4호, 72~85쪽
초록
In this study, we try to evaluate R&D policy on firm's R&D effectiveness in early stage as choosing treatment firm based on employment or revenue size. Policy evaluation is needed to induce firm R&D effectiveness so that we estimate if policy instrument will be effected in early stage firm such as venture and small firm. Our empirical results show that first, sharp regression discontinuity designs is statistically significant, but fuzzy regression discontinuity is not. Second, there is negative relationship between R&D expenditure and choice variables. The results imply the bigger firm spends the less R&D expenditure. Finally among policy choice variables employment size is more sensitive than revenue variable to promoting R&D effort. We imply some policy implication on encourage firm's R&D effort based on empirical results.
Abstract
In this study, we try to evaluate R&D policy on firm's R&D effectiveness in early stage as choosing treatment firm based on employment or revenue size. Policy evaluation is needed to induce firm R&D effectiveness so that we estimate if policy instrument will be effected in early stage firm such as venture and small firm. Our empirical results show that first, sharp regression discontinuity designs is statistically significant, but fuzzy regression discontinuity is not. Second, there is negative relationship between R&D expenditure and choice variables. The results imply the bigger firm spends the less R&D expenditure. Finally among policy choice variables employment size is more sensitive than revenue variable to promoting R&D effort. We imply some policy implication on encourage firm's R&D effort based on empirical results.
- 발행기관:
- 한국창업학회
- 분류:
- 창업/벤처기업