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Innovation heterogeneity and firm growth in the Korean service industry

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  • Innovation heterogeneity and firm growth in the Korean service industry
  • Lee, Keunjae; Choi, Sunghee; Choe, Byeongho
  • University of Washington


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Title Innovation heterogeneity and firm growth in the Korean service industry
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Material Type Reports
Author(English)

Lee, Keunjae; Choi, Sunghee; Choe, Byeongho

Publisher

[Seattle]:University of Washington

Date 2004
Pages 26
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Others
Holding University of Washington

Abstract

This paper is to examine the impact of innovation on firm performance in the Korean service sectors, focusing on the impacts by innovation type (product and process innovation) and moreover, tries to look for the reason of heterogeneity in terms of innovation type among service industries. Using the data of 「Korean Innovation Survey 2003: Service Sector」, which were carried out by Science and Technology Policy Institute (STEPI) and Korea Information Strategy Development (KISDI) in 2003, the empirical tests have major findings as follows. First, contrary to the recent firm level studies failing to confirm the significant impact of innovation, innovative firms show significantly better performance than non-innovating firms with respect to the growth in sales, employment and labor productivity for most of service industries except motion picture and broadcasting. (The rest omitted)