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ToolsMoffatt, Peter, Kim, Young-Ah and Kim, Kyung-Ah (2023) The moderating role of market uncertainty in the effectiveness of government policies and R&D activities promoting innovation in manufacturing firms. International Journal of Entrepreneurial Behavior & Research, 29 (5). pp. 1204-1226. ISSN 1355-2554
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Abstract
Purpose: The purpose of this study is to examine the impact of government support policies and research and development (R&D) activities on product innovation under market uncertainty. Design/methodology/approach: This study applies logistic regression analysis to a sample of 4,000 South Korean manufacturing firms in order to investigate the impact of government policies and R&D activities of the firm on firm innovation performance, with particular interest in the moderating role of the firm's perceived market uncertainty (PMU). Findings: Policies supporting industry/university/institute/local collaboration are found to have greater benefit under high PMU. Surprisingly, support for a consortium among different-sized firms has a negative effect on product innovation, although this negative effect disappears under high PMU. Both support for the protection of intellectual property (IP) and support for the resolution of manpower shortages have strong positive effects on the propensity to innovate products, but in both cases the moderating effects of uncertainty are negative. Finally, all types of R&D activities have positive effects on the propensity to innovate, more so for new product innovation than for improved product innovation. Originality/value: To the best of the authors' knowledge, this is the first study to examine analytically the moderating effect of PMU in the effectiveness of government policies promoting innovation in the manufacturing sector. The study is potentially useful both for policymakers in deciding which policies to implement under prevailing market conditions; and for entrepreneurs choosing between different forms of government support, particularly given the abnormal levels of market uncertainty prevailing in the Covid-19 era.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | r&d,product innovation,market uncertainty,government policies,government policies,improved product innovation,r&d activities,new product innovation,perceived market uncertainty,business, management and accounting (miscellaneous),business and international management,sdg 9 - industry, innovation, and infrastructure ,/dk/atira/pure/subjectarea/asjc/1400/1401 |
| Faculty \ School: | Faculty of Social Sciences > School of Economics |
| UEA Research Groups: | Faculty of Medicine and Health Sciences > Research Centres > Norwich Institute for Healthy Aging Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Social Sciences > Research Groups > Applied Econometrics And Finance Faculty of Social Sciences > Research Groups > Behavioural Economics |
| Related URLs: | |
| Depositing User: | LivePure Connector |
| Date Deposited: | 25 Apr 2023 09:30 |
| Last Modified: | 19 Dec 2024 01:10 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/91872 |
| DOI: | 10.1108/IJEBR-02-2022-0136 |
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