IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v29y2022i19p1757-1764.html
   My bibliography  Save this article

Understanding firm-level intangible investment: a resource-based view on Korean firms

Author

Listed:
  • Hyuk Chung

Abstract

The impacts of intangible assets on economic performance have increased at various levels, and the positive impacts have been well documented. However, not all firms invest in intangible assets despite the assets’ positive contribution to performance, and it is relatively less clear what determines quantity and intensity of intangible investment at firm level. Therefore, this study investigates firm-level intangible investment to find that intangible investment is determined by firm-specific internal and external resources, consistent with the resource-based view of the firm. Quantity and intensity of intangible investment are positively associated with firm-specific internal resources as innovative capability (internal R&D), cumulative capability (intellectual property as patents and trademarks), organizational resources (employee incentives to reward good performance, affiliation), but also outside resources from external R&D and outsourcing. Additionally, firm-level factors such as listing status and exporting can significantly facilitate intangible investment. Therefore, this study contributes to the literature of intangible assets and the resource-based view by highlighting the effects of heterogeneous internal and external resources on intangible assets accumulation.

Suggested Citation

  • Hyuk Chung, 2022. "Understanding firm-level intangible investment: a resource-based view on Korean firms," Applied Economics Letters, Taylor & Francis Journals, vol. 29(19), pages 1757-1764, November.
    • Handle: RePEc:taf:apeclt:v:29:y:2022:i:19:p:1757-1764
    DOI: 10.1080/13504851.2021.1962502
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2021.1962502
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2021.1962502?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:29:y:2022:i:19:p:1757-1764. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.