earticle

영어

The article examines the structural relationships between technology characteristics, technology commercialization performance and firm’s performance, focusing firms acquisited technologies from Government-funded Research Institutes in Daedeok Innopolis. In particular, this article attempts to analyze technology commercialization performance that may be influenced by technology excellence, market growth and favorable situation where the technologies introduced is suitable to firm’s environment. The development of the research model is based on the literature of the empirical studies of technology commercialization, technology commercialization performance and technology valuation. The survey of 102 firms that introduced the technologies are conducted from January 2, 2014 through January 15, 2014. We investigate the role of technology excellence, market growth and favorable context in determining the technology commercialization performance by performing Partial Least Squares (PLS) analysis. The results of the study show that technology excellence, market growth, and favorable context of technology achieve a higher level of firm’s technology commercialization performance, indicating which the null hypothesis that each coefficient is zero can be rejected at the 1% or 5% level of significance. We also examine the question of how firm’s technology commercialization performance affects its performance, financial and strategic aspects. The test results support the logic that firm’s technology commercialization performance is a driving force behind the financial and strategic performances. Overall, the results from the empirical study suggest that firm’s technology commercialization performance is directly affected by the three factors, such as technology excellence, market growth and favorable context where the introduced technology is suitable for firm’s various conditions, which makes the firm be competitive by enhancing its financial and strategic performances.