The purpose of this study is to investigate how innovative companies are related to the efforts of shared growth and empirically verify whether corporate R&D investment has a mediating effect in the relationship between shared growth efforts and c...
The purpose of this study is to investigate how innovative companies are related to the efforts of shared growth and empirically verify whether corporate R&D investment has a mediating effect in the relationship between shared growth efforts and corporate innovation orientation. To conduct this study, data from large companies published in the ‘win-win growth index’ for three years from 2018 to 2020 were collected and used by KIS-VALUE and Wips On of Korea Credit Rating Co., Ltd., and the collected data were applied by a two-level multi-layered model using a generalized SEM. The program of this study used the stata 13.0. As a result of the analysis, it was confirmed that the relationship between a company's innovation orientation and shared growth efforts was significant as a positive relationship. In other words, the higher the innovation orientation of a company, the greater the company's shared growth efforts. In addition, in the relationship between a company's innovation orientation and shared growth efforts, it was found that a company's R&D investment had a partial mediating effect. This shows that a company's innovation orientation not only directly affects the performance of shared growth, but also that a company's innovation orientation leads to shared growth efforts through R&D investment. This study supplemented the limitations of previous studies on shared growth in Korea focused on case studies and conducted an empirical study using the ‘win-win growth index’ as data, and attempted to confirm the relationship between companies' innovation orientation, R&D investment, and shared growth efforts through analysis of R&D investment.