한국 및 중국 기업의 기술개발투자가 기업가치에 미치는 영향: 외국인 투자자를 중심으로

다국어 초록 (Multilingual Abstract)

In this study, when technological innovation has become a key driver of corporate competitiveness and national economic growth, Korea and China have made remarkable progress in the technology field in recent decades. This study investigates the impact of technology development and foreign investments on corporate value in listed companies in South Korea and China. Over recent decades, both nations have rapidly advanced technologically, with increased investments driving economic growth and enhancing corporate profitability. Analyzing data from 2010 to 2023, the research finds that substantial technology investments lead to notable improvements in financial performance and corporate value. Foreign investments also positively influence corporate value. Notably, technology investments have a greater effect on financial performance in South Korea, while they more significantly impact corporate value in China. Foreign investments further enhance the positive effects of technology development on corporate value in both countries. The study offers insights into how South Korean and Chinese companies can boost management performance through technology investments and highlights the role of foreign investments in moderating these effects, considering the distinct economic and policy contexts of each country.