Managerial Ability and Innovation Performance:Empirical Evidence from Chinese Manufacturing Listed Companies

샨훼이,고대영,왕람 한국회계정보학회 2022 재무와회계정보저널 Vol.22 No.2

[Purpose]Enterprise innovation is a necessary condition for enterprises to survive and develop in the increasingly fierce competition. However, as an important human resource, there has been a lack of relevant empirical research on the impact of managerial ability on enterprise innovation. This study investigates how managerial ability affects innovation level and innovation efficiency, and further examines the relationship between managerial ability and innovation performance in manufacturing enterprises from the aspects of patent type, property rights and industry nature. [Methodology]This study selects A-share manufacturing listed companies in China from 2007 to 2019 as the research sample, uses the DEA-Tobit two-stage model proposed by Demerjian et al. (2012) to measure the managerial ability, and empirically tests the impact of managerial ability on enterprise innovation performance from two aspects of enterprise innovation output and enterprise innovation efficiency. [Findings]We discover that the stronger the managerial ability, the lower the innovation output and the higher the innovation efficiency. Moreover, by distinguishing the patent type, property right nature and industry nature, we further find that high-ability management can improve enterprise innovation efficiency in state-owned enterprises, but it has no significant impact on enterprise innovation output. The positive effect of managerial ability on enterprise innovation efficiency is not significant in high-tech enterprises, which is inconsistent with previous experience. [Implications]First, taking the managerial ability as the starting point, we not only study the impact of managerial ability on enterprise innovation output, but also on innovation efficiency, which supplements and improves the existing literature on the influencing factors of enterprise innovation performance. Secondly, combined with China's institutional background, this study further discusses the influencing factors of enterprise innovation output and innovation efficiency, so as to provide empirical evidence from emerging markets for relevant research. Thirdly, with the integration of psychology, behavior, financial accounting and other disciplines, managerial ability is introduced into the research field of financial accounting, and this study provides new empirical evidence for the research on the economic consequences of managerial ability. Finally, this study can provide suggestions and decision support for manufacturing enterprises to improve innovation performance, and help to further standardize the professional manager market.

Low-carbon Management;Internal Control;and Innovation of State-owned Enterprises in China

Zhanshuang Liu,Shanyue Jin,Weidong Huang 한국무역연구원 2021 무역연구 Vol.17 No.1

Purpose Innovation is key for state-owned enterprises to realize the optimization;adjustment;and upgrading of their industrial structure. Both government supervision and internal control could impact the implementation of innovation strategies of state-owned enterprises. We empirically tested low carbon operations management and the role of internal control systems in state-owned enterprise innovation;as well as influence mechanisms. Design/Methodology/Approach This paper takes State-owned A-share listed enterprises in the Shanghai and Shenzhen stock exchanges from 2009 to 2017 as research panel data;and based on corporate governance theory constructs fixed effects models;and conducts analysis using SAS9.4 software for empirical research. Findings We found a significant positive correlation between internal control and state-owned enterprise innovation;which can improve input intensity and effectively guarantee the innovation output. There is a significant positive correlation between low-carbon management and innovation of state-owned enterprises which can improve the intensity of innovation input and significantly promote innovation output. Research Implications Our results reveal that low carbon operations have a regulating effect on the relationship between internal control and state-owned enterprise innovation. Under the environment of low-carbon management;enterprises can perfect the supervision mechanism of their internal control system and improve their innovation ability.

CDM모형에서 기술혁신이 생산성에 미치는 효과 분석

신범철 한국생산성학회 2020 生産性論集 Vol.34 No.3

Based on the CDM model, this paper empirically examines the links of R&D, innovation, and labor productivity using Korean Community Innovation Survey (KCIS) for manufacturing firms over the period 2013 to 2015. Estimating the model, I attempt to alleviate two major econometric problems such as endogeneity for the variables and sample selection biases caused by distribution problems of R&D spending and technological innovations. To do this, I control the former bias by employing sequential instrumental variable estimation procedures, and the latter by using both the Generalized Tobit model and the bivariate probit estimation technique. Main empirical findings in the paper can be summarized as follows. First of all, this paper found that the separate estimation of the structural CDM model should lead to biased results due to ignoring sample selection and endogeneity problems. This evidence confirms validity of using botht the bivariate probit model and the type II Tobit model. Second, the results show that R&D expenditure should be positively associated with enhancement of product innovation, rather than process innovation. This implies that government R&D support can have a stronger effect on encouraging product innovation through an increase in R&D investment in SMEs. Third, the innovation protection methods, both legal and strategic, are found to have a positive effect on R&D investment but no effect on R&D intensity. In the innovation output models, on the other hand, only strategic protection method can have a positive effect on both product and process innovations. Fourth, the firm size proxied by the number of workers is found to be negatively related to the R&D investment. As the size of firms grows, the probability of R&D investment is higher, but per worker R&D investment is smaller. This evidence supports Scherer’s hypothesis that innovation activities are more active of small-medium firms in the competitive markets, rather than in the monopoly market suggested by Schumpeter. Fifth, the results show that information flow from suppliers and customers plays an important role as source of knowledge for invention and innovation. In the knowledge production function or the innovation output model, the flow has a positive effect on both the product and process innovation. However, information flow from competitors is found to affect process innovation, but it is not useful to develop new products. Next, the estimated coefficients for government financial support are found to be statistically significant in both the R&D investment decision and the R&D intensity models. This implies that the government financial support can have crowding-in effects on R&D investment, rather than crowding-out effects, and thus it could lead to an enhancement of R&D investment in SMEs. Finally, the results show that the estimated coefficients of the predicted values for product innovation are statistically significant in the labor productivity model, implying that product innovation should have a positive effect on labor productivity and thus eventually affect economic growth positively. This results also confirms existence of endogeneity problem with product innovation, not with process innovation.

The Coupling Analysis of Innovation Input-Innovation Output-Innovation Environment——The Case of China

이항,김상욱 한국컴퓨터정보학회 2023 韓國컴퓨터情報學會論文誌 Vol.28 No.1

In the digital age, innovation is at the heart of information technology development. This paper explores the differences of regional innovation capabilities from within the innovation system from a new perspective. By applying the coupling coordination degree model, the coupling coordination degree analysis is conducted for the three systems of innovation (innovation input, innovation output, and innovation environment) in 31 provinces, municipalities, and autonomous regions of China. The results show that: the overall level of coupling coordination degree in China is low, and the number of provinces in good coordination and quality coordination is low number, but they are all distributed in the eastern economically developed regions, showing a high correlation between regional innovation and regional economic development. The overall trend of China's innovation coordination is on the rise. The research results of this paper can provide a new perspective for the evaluation of innovation capability, and also provide an important impact of innovation on promoting the development of ICT industry.

중소기업의 기술협력 활동, 지식흡수능력 및 혁신전략이 기술혁신성과에 미치는 영향

송재은(Jae-Eun Song),김영조(Young-Joe Kim) 한국인터넷전자상거래학회 2017 인터넷전자상거래연구 Vol.17 No.1

This study focuses on investigating the impacts of technological collaboration, absorptive capacity, and types of innovation strategy on the technological innovation output. The survey questionnaires were distributed via e-mail or fax to 496 small- and medium-sized firms that received research funds from Korea Technology and Information Promotion Agency between 2009 and 2012. One hundred thirty-five firms completed the survey, and we used a sample of 111 firms for the analysis after dropping 24 firms because of missing data on key variables. The result shows that both the extent of technological collaboration relationships with other firms or research institutes and a firm’s absorptive capacity have a positive impact on the radical innovation output measured by a total number of new product or process development. Second, two types of innovation strategies, exploitation and exploration, are not significant in explaining the radical and incremental innovation output. Third, organizational ambidexterity pursuing high levels of exploitative and explorative innovation activities simultaneously leads to higher level of innovation output. This result suggests that engaging exploitative and explorative innovation activities simultaneously are critical to the technological success. The theoretical and managerial implications and future research directions are discussed.

혁신적 조직 구조와 피드백이 사내 기업가정신과 혁신적 아이디어성과에 미치는 영향

황인호,김진수,고혁진 한국경영컨설팅학회 2019 경영컨설팅연구 Vol.19 No.2

The goal of this research is to find the measure to improve the relationship between the corporate entrepreneurship, which is the concept that pursues organizational innovation, and organization’s idea performance. In detail, this research examines organization’s behavior factor for achieving innovative performance in the perspective of corporate entrepreneurship by establishing the influencing relationship of organizational effort to establish innovative system on idea performance via corporate entrepreneurship. Furthermore, this research presents the positive influencing relationship of organizational feedback activity for innovative behavior on innovative performance by proving that innovative activity feedback (process-oriented feedback, output-oriented feedback) is a factor that regulates the relationship between innovative system and corporate entrepreneurship, and idea performance Research hypothesis and model are presented based on the previous research, and the data for hypothesis verification was collected by surveying the corporations performing corporate entrepreneurship related activities. On October of 2015, the Korea Entrepreneurship Foundation (KoEF) surveyed domestic corporations on the level of corporate entrepreneurship, and as a result, data from 1,039 corporations were collected. Hypothesis was verified using the structural equation modeling, and using AMOS 22.0 and SPSS 21.0, we analyzed the confidence and validity of the research model, and performed hypothesis verification (main effect, regulation effect). The main effect analysis establishes that the innovative organizational structure and corporate entrepreneurship, and innovative idea performance have positive influencing relationship. The regulation effect analysis establishes that the process-oriented feedback and output-oriented feedback are the factors that improve the positive relationship of innovative organizational structure and corporate entrepreneurship. In other words, the research proves that the various feedback activities about organization’s innovative activity contributes to enhancing corporate entrepreneurship. Hypothesis was verified using the structural equation modeling, and using AMOS 22.0 and SPSS 21.0, we analyzed the confidence and validity of the research model, and performed hypothesis verification (main effect, regulation effect). The main effect analysis establishes that the innovative system and corporate entrepreneurship, and idea performance have positive influencing relationship. The regulation effect analysis establishes that the process-oriented feedback and output-oriented feedback are the factors that improve the positive relationship of innovative system and corporate entrepreneurship. In other words, the research proves that the various feedback activities about organization’s innovative activity contributes to enhancing corporate entrepreneurship. 본 연구의 목적은 조직 혁신을 추구하는 개념인 사내 기업가정신과 조직의 혁신적 아이디어 성과간의 관계를 높이기 위한 방안을 찾는 것이다. 세부적으로, 혁신적 조직구조가 사내 기업가정신을 통한 혁신적 아이디어성과에 미치는 영향관계를 찾음으로써, 혁신적인 성과 달성을 위한 조직의 행동요인을 사내 기업가정신관점에서 살펴본다. 더불어, 혁신활동 피드백(과정 피드백, 결과 피드백)이 혁신적 조직구조와 사내 기업가정신, 그리고 아이디어 성과간의 관계를 조절하는 요인임을 증명함으로써, 혁신적 행동에 대한 조직차원의 피드백 활동이 혁신 성과에 미치는 영향 관계를 제시한다. 연구 가설 및 모델은 선행연구를 기반으로 제시하였으며, 가설 검증을 위한 데이터는 사내 기업가정신 관련 활동을 하고 있는 기업들로서, 2015년 10월 한국청년기업가정신재단이 사내 기업가정신 수준에 대하여 국내 기업들을 대상으로 수집한 총 1,039개 기업 데이터를 활용하였다. 가설검증은 구조방정식 모델링을 통하여 이루어졌으며, 연구 모델의 신뢰성 및 타당성 분석, 그리고 가설검증(주효과, 조절효과)을 실시하였다. 주효과 분석 결과는 혁신적 조직구조와 사내 기업가정신, 그리고 혁신적 아이디어 성과 간의 긍정적 영향관계가 있음을 발견하였다. 조절효과 분석 결과, 과정 피드백과 결과 피드백이 혁신적 조직구조와 사내 기업가정신과의 긍정적 관계를 더욱 높이는 요인으로 나타났다. 즉, 조직의 혁신활동에 대한 다양한 피드백 활동 및 혁신조직 구조 확립은 사내 기업가정신을 더욱 향상시키는데 기여하는 것을 증명되었다. 본 결과는 실무적으로, 혁신적 활동을 통해 창의적 성과를 추구하고자 하는 조직들에게 사내 기업가정신을 높일 수 있는 전략적 방향을 제시하였으며, 이론적으로 사내 기업가정신 향상을 위한 세부요인을 제시함으로써, 사내 기업가정신 관련 확장 연구로서의 시사점을 가진다.

ICT 인프라와 투자 환경이 혁신에 미치는 영향 : 세계혁신지수를 중심으로

최진용,김상유 한국정보시스템학회 2020 情報시스템硏究 Vol.29 No.3

Purpose: The purpose of this study is to demonstrate the relationship between ICT(Information & communication technology) infrastructure, investment environment, and innovation performance from a national perspective. Design/methodology/approach: We derived 5 hypotheses based on the literature review. To measure each concept, We converted the scores of each country provided by the Global Innovation Index into a 7 Likert scale and performed a regression analysis. Findings: According to the empirical analysis result, this study confirmed that knowledge and technology output mediated the relationship between ICT infrastructure and creative goods and services. In addition, this study confirmed that the investment environment has a moderating effect between ICT infrastructure and knowledge and technology output.

한국 발전산업의 생산공정 혁신과 SO2 한계저감비용에 관한 실증분석

이명헌(Myunghun Lee) 한국경제통상학회 2010 경제연구 Vol.28 No.3

한계접근법으로 공해저감에 대한 혁신효과를 연구하는 데 있어서 기술혁신은 통상적으로 한계저감비용의 하락을 의미한다. 후처리 기술의 경우에는 일부 공해배출 수준에서 그 개연성을 인정할 수 있으나 생산공정 기술혁신이 일어나면 한계저감비용이 오히려 증가할 수 있다. 본 논문에서는 국내 전력산업을 대상으로 생산공정 기술혁신과 한계저감비용의 증감 여부를 검증하기 위하여 Shephard 산출물거리함수를 사용하여 한계저감비용과 생산공정 기술변화율을 측정한 다음 두 변수간 회귀분석을 실시하였다. 추정계수의 부호 및 유의성을 검증한 결과 전력 생산공정에서의 기술혁신은 한계저감비용을 증가시키는 것으로 나타났다. In the marginal approach for studying innovation's effect on pollution control, innovation is typically considered to reduce marginal abatement costs. It may be admitted that innovation lowers marginal abatement costs at some margins in the case of end-of-pipe measures, but production process innovations are likely to increase marginal abatement costs at all margins. In order to test the relationship between production process innovations and marginal abatement costs in the Korean electric power industry, in this paper, we first estimate marginal abatement cost of and rate of technological change in production process measures by using the Shephard output distance function. Then the estimates of marginal abatement cost are regressed on the estimates of the rate of production process innovations technological change. Empirical results show that there exists a positive relationship between the two estimates.

창조경제와 R&D정책에 대한 연구

김용환 ( Yong Hwan Kim ),임희정 ( Hee Jung Lim ) 한국생산성학회 2013 生産性論集 Vol.27 No.2

As the knowledge-based economy is developed, knowledge of science and technology and technology innovation are the focal factors in the national competitiveness and economic growth. In the knowledge-based economy innovation trends is forming, which are enlarging external innovation source and opening knowledge, through enlargement of R&D and advance of science and technology to national growth and firm growth Creative governance formation through openness, sharing, and participation is processing. Also Creative economy using new creative and open technology innovation system is oriented. Development plan for a long term is needed for Big data formation of fusion and composition research knowledge and Utilization and Diffusion research outputs. Creative economy is defined by the new development paradigm through advances from several aspects: first technology advance and industry fusion and composition innovation; second, open R&D and open R&BD(Research and Business Development), third the knowledge-based economy is transformed from the manufacturing-based industry. In creative economy, R&D and collaborative R&D system based on openness.sharing. participation are important policy tools. Therefore the objective of this paper is proposing a diffusion of research outputs to sustain the national industry development and to invigorate the creative economy.

의사결정 효율성에 따른 호텔정보시스템 특성변수가 성과에 미치는 영향에 관한 연구

한경훈,노병성 한국경영교육학회 2008 경영교육연구 Vol.49 No.-

The purpose of this study is how the accounting information system has been efficiently utilizing in hotel service in Korea and analyzing the actual status of utilizing accounting information system in hotel service, and verifying whether accounting information system characteristics variables (output information characteristic, organizational innovation, business importance)by mediation variables, have influence on the perceived usfulness and user's value of the information system. For this purpose, accounting information system characteristics variables are chosen from the existing study to use questionnaire. Result of this study, the hotel service business in Korea are easy to operate and manage and to fit into a new environment change on decision making usefulness, have the asked accounting information believing and exacting on information form and contents, business importance and organizational innovation. Therefore hotel accounting information system characteristics variables have the effect on the performance of system. 본 연구에서는 의사결정의 효율성을 매개변수로 하여 호텔회계정보시스템의 특성과 성과간의 관계를 검증하였으며, 연구 결과는 다음과 같다. 첫째, 의사결정 효율성이 높은 호텔은 호텔회계정보시스템 산출정보의 형태와 내용에 기초하여 효율적인 의사결정이 이루어져야 하며, 반면에 의사결정의 효율성이 낮은 경우의 호텔회계정보시스템을 통한 산출정보는 회계정보시스템 성과에 거의 영향을 미치지 못한다. 둘째, 호텔회계정보시스템을 도입하기 위해서는 조직혁신 절차는 필수적이며 회계정보시스템 도입, 활용시, 가장 우선적으로 이루어져야 할 부분이 조직 혁신이며, 조직 혁신은 합리적이고 체계적인 도입 절차에 따른 조직구조의 개편을 통해 해결해 나갈 수 있을 것이다. 셋째, 호텔회계정보시스템을 통한 업무에서는 업무의 구조화가 가장 중요한 요인이며 호텔산업의 특성에 기초해 볼 때, 호텔회계정보시스템 도입시 업무의 난이도와 표준화에는 크게 변화가 없지만, 호텔의 고유업무에 대한 구조화는 많은 변화가 예상되어진다