다항로짓모형을 활용한 중소기업의 혁신투자 결정요인 연구

There is little doubt that technological innovation today is a determinant that determines survival and enables sustainable growth not only at the industrial levels, but also at the national levels. Consequently, the importance of R&D investment to create technological innovation emerges. However, while the problem of insufficient innovation investment by the private sector in Korea, which accounts for 99 percent of the total, is constantly being raised, empirical research on the determinants of innovation investment by small and medium enterprises is lacking compared to its importance. In this study, we analyze the impact factors on SME's innovation investment decision making using the multinomial logit model from the perspective of the innovation process. The analysis identified factors that significantly affect the decision to expand and reduce innovative investments, particularly the effects of each factor on innovative investment decisions not necessarily inversely proportional. This in theory suggests that in looking at the behaviour of innovative activities that companies are seeing, it is necessary to understand and approach the entity's innovation activities as a more complex process from a process perspective.