How Can Funding Drive Firm’s Performance in the In Vitro Diagnostics Industry?
Rattachement africain : kr. Niveau de preuve : code pays fourni par la source.
Le résumé fourni par la source
Due to the increased need for the efficient use of public funds and the importance of private investment, there have been many studies on the effects of these factors on corporate performance. However, few studies have been conducted based on an integrated perspective. In addition, most studies have investigated cases in leading countries and have rarely studied latecomer countries. Therefore, this study investigated the step-by-step effects of government support on firm performance (innovation performance, venture capital (hereafter VC) investment, and financial performance) based on the data on in vitro diagnostic (hereafter IVD) firms in Korea. In particular, we demonstrate the sequential effects of these variables with a time lag. The results of the panel regression analysis indicate that government R&D support improved the innovation performance of IVD firms, but this increased innovation performance did not attract VC investment. Meanwhile, VC investment has a positive impact on a firm’s financial performance. These findings have policy implications and suggest that government support plays a pivotal role in a company’s innovation performance, and thus continuous investment is required. However, innovation performance negatively affects short-term financial performance, and thus technology commercialization should be supported.
Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.
Le contrôle bibliographique ouvert
DOI retrouvé dans Crossref DOI retrouvé ; titre concordant.
- Titre Crossref
- How Can Funding Drive Firm’s Performance in the In Vitro Diagnostics Industry?
- Date Crossref
- 01/09/2022
- Éditeur
- Elsevier BV
- Type
- journal-article
Ce recoupement confirme des métadonnées liées au DOI. Il ne confirme ni la méthode ni les conclusions de l’étude, et il ne compte pas comme une seconde source scientifique indépendante.
Où se fait cette recherche
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Chungbuk National University pays non établi dans la noticeUniversité ou école supérieure
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Korea Disease Control and Prevention Agency pays non établi dans la noticeOrganisme public
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Catholic University of Korea pays non établi dans la noticeUniversité ou école supérieure
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Korea Institute of Science & Technology Evaluation and Planning pays non établi dans la noticeInstitution
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College of Medicine Department of Biomedical Convergence pays non établi dans la noticeUniversité ou école supérieure
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Division of Laboratory Diagnosis Management pays non établi dans la noticeStructure de recherche
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Graduate School of Public Health and Healthcare Management pays non établi dans la noticeUniversité ou école supérieure
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Korea Institute of S&T Evaluation and Planning Office of National R&D Evaluation and Analysis pays non établi dans la noticeStructure de recherche
Chungbuk National University, Korea Disease Control and Prevention Agency et Catholic University of Korea, avec 5 autres affiliations.
Une affiliation ne permet pas de déduire la nationalité d’un auteur.