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Does Market Competition Stimulate Innovation? : Evidence from Korean Firms

초록

영어

This paper empirically investigates whether or not for relationship between innovation activity and competition of Korean manufacturing firms listed on Korea stock exchange market (KOSPI). This paper use patent activity data as proxy for innovation and also industry adjusted price-cost margin and HHI as product market competition measure for the period 1981-2014. We match innovation data from Korean intellectual property office and financial data. In previous paper, there are two competition views which are positive and negative relationship between competition and innovation, and one mixed view which is positive relation from escape competition effect and negative relation from Schumpeterian effect. This paper examines two possibilities that my overturn trade off.

목차

Abstract
 1. Introduction
 2. Literature Review and Hypothesis Development
 3. Measuring Innovation, Competition and Model
  3.1 Measuring Innovation
  3.2 Measuring Competition
  3.3 Model specification and estimation
 4. Sample and statistics
  4.1 Sample
 Reference

키워드

저자정보

  • Pando Sohn Dong-A University
  • HaenJung Nam Dong-A University

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