The role of intermediaries on technological risk management and business development performance in Korea

This paper examines the strategic use of intermediaries by companies to better meet their technology needs from the resource-based theory and network theory perspectives. The results of this study are based on a sample of Korean IT companies and indicate the particular importance of cooperation with government support organizations and public R&D institutions in building relational assets. Intermediaries played a crucial role in enabling and facilitating joint development projects and promoting technology transfer among the companies in general. The results of this study suggest that intermediaries, as they are linked to other organizations within networks and are centrally situated within those networks where information and resource flow, can coordinate and control the exchange of information and resources within networks and enjoy timely and privileged access to such information, giving them the means to expand their strategic social capital. (C) 2010 Elsevier Inc. All rights reserved.