Innovation patterns and firm performance under industry maturity: manufacturing industries in South Korea

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-11-14 DOI:10.1080/19761597.2023.2281927

Jaeho Shin

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Abstract

AbstractAlthough innovation patterns under industry life cycle have been investigated for decades, the impact of change in innovation patterns on firm performance has yet to be fully uncovered. This study empirically verifies the impact of product and process innovation on firm performance by considering industry maturity through hierarchical regression analysis using data from the Korean manufacturing industry. Two different measures for firm performance are utilised: innovative product sales and total sales. The results show that both product and process innovation have positive effects on innovative product sales, and industry maturity negatively moderates the positive effect of product innovation on innovative product sales. However, the moderating effect of industry maturity on the relationship between process innovation and innovative product sales is not significantly verified. Moreover, although the direct effect of product and process innovation on total sales is not significantly verified, total sales tend to decrease as the industry matures. Industry maturity positively moderates the effect of process innovation on total sales, while the moderating effect of industry maturity on the relationship between product innovation and total sales is not significantly verified.KEYWORDS: Innovation patternproduct innovationprocess innovationfirm performanceindustry maturity Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThis work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2022S1A5A8052363).

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产业成熟度下的创新模式与企业绩效:韩国制造业

摘要尽管对行业生命周期下的创新模式进行了数十年的研究，但创新模式变化对企业绩效的影响尚未得到充分揭示。本研究利用韩国制造业数据，通过层次回归分析，在考虑行业成熟度的情况下，实证验证了产品创新和工艺创新对企业绩效的影响。采用了两种不同的企业绩效衡量标准:创新产品销售额和总销售额。结果表明:产品创新和工艺创新对创新产品销售均有正向影响，行业成熟度负向调节产品创新对创新产品销售的正向影响。然而，行业成熟度对工艺创新与创新产品销售关系的调节作用并未得到显著验证。此外，虽然产品和工艺创新对总销售额的直接影响尚未得到显著验证，但随着行业的成熟，总销售额呈下降趋势。行业成熟度正向调节工艺创新对总销售额的影响，而行业成熟度对产品创新与总销售额关系的调节作用未得到显著验证。关键词:创新模式、产品创新、流程创新、企业绩效、行业成熟度披露声明作者未发现潜在利益冲突。本工作得到了韩国教育部和韩国国家研究基金会(NRF-2022S1A5A8052363)的支持。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.