A STUDY ON THE INFLUENCING FACTORS ON THE R&D PERFORMANCE - IN CASE OF THE SMBS IN KOREA

To overcome economic crisis, Korean government underlined the roles of R&D and SMB. This paper empirically examines the relationship between financial information as influencing factors and National R&D Performance of SMBs for instance patent, paper, commercialization rolalty. Total 7,736 of SMBs which participated in 31,722 R&D Projects from 2002 to 2010 are observed in this study. OLS(Ordinary Least Squares) regression is applied for the estimation using Heckerman Correction for assessing selection bias. The main results are as follows. Firstly, total research fund, growth rate of total asset, ratio of owner's equity and number of employers have positive effects on patent registration and applicatio while firm age of SMBs has a negative effect. In addition, total research fund, operating profit ratio, growth rate of total asset, number of employers and age of SMBs have positive effects on commercialization but asset and ratio of owner's equity have negative effects. Lastly, it is found that academic paper is affected positively by total research fund, ratio of owner 's equity, asset and number of employers. The findings of this study have practical implications for the relationship between financial status and performance of SMBs.