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Does diversity make collaborative subsidies effective? ICT sector in Korea

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  • Jeongwon Lee
  • Junseok Hwang
  • Hana Kim

Abstract

Research and development (R&D) collaboration becomes essential as technology becomes more complex, and technological change occurs at an unprecedented rate in high-tech sectors such as information and communication technologies (ICT). However, no concrete evidence exists on the benefits of collaboration diversity in terms of government support. Therefore, this study investigates whether a firm’s innovation increases not only as R&D collaboration partners’ diversity increases but also as firms engage in cross-sectoral R&D collaboration. Government subsidies for ICT firms that collaborate with other firms and research institutions at the same time have significantly positive effects on firm performance. Interestingly, cross-sectoral collaborations increase innovation activity. The results suggest that firm innovation can be efficiently achieved through R&D partner diversity, and the R&D subsidy scheme needs to focus on collaboration with diverse R&D partners with different knowledge to generate innovative outcomes.

Suggested Citation

  • Jeongwon Lee & Junseok Hwang & Hana Kim, 2022. "Does diversity make collaborative subsidies effective? ICT sector in Korea," Industry and Innovation, Taylor & Francis Journals, vol. 29(1), pages 1-24, January.
    • Handle: RePEc:taf:indinn:v:29:y:2022:i:1:p:1-24
    DOI: 10.1080/13662716.2021.1941801
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    Cited by:

    1. Chapman, Gary & Hottenrott, Hanna, 2023. "Founder personality and start-up subsidies," ZEW Discussion Papers 23-008, ZEW - Leibniz Centre for European Economic Research.

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