企业集团内部的创新溢出效应：韩国企业集团的证据

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2024-05-09 DOI:10.1016/j.ememar.2024.101151

Kyounghun Lee , Frederick Dongchuhl Oh , Donglim Shin , Heejin Yoon

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引用次数: 0

摘要

本研究以韩国财阀为研究对象，探讨了企业集团内部的创新溢出效应。我们发现，关联企业的创新会受到集团内部和集团外部创新溢出效应的积极影响。具体而言，集团内部创新溢出效应的影响比集团外部创新溢出效应的影响更为明显。我们进一步发现，对于内部业务关系更紧密的关联公司，以及控股股东拥有更多集团或公司层面股权的关联公司，集团内溢出效应更强。最后，我们表明，集团内部创新溢出效应越强，集团层面的创新绩效就越高。总之，我们的研究表明，企业集团在通过有效的创新溢出效应促进企业创新方面发挥着举足轻重的作用。(JEL G15, G30, O32, O33)。

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Innovation spillovers within business groups: Evidence from Korean chaebols

This study examines innovation spillovers within business groups, focusing on Korean chaebols. We find that an affiliated firm's innovation is affected positively by both within- and outside-group innovation spillover pools. Specifically, the impact of the within-group pool is more pronounced than that of the outside-group pool. We further find that within-group spillovers are stronger for affiliates with closer internal business relationships and for those whose controlling shareholders have higher group- or firm-level equity stakes. Finally, we show that greater within-group innovation spillovers lead to higher group-level innovative performance. Overall, our study suggests a pivotal role of business groups in promoting corporate innovation via effective innovation spillovers. (JEL G15, G30, O32, O33).

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.