The Effect of Initial Public Offering (IPO) on Open Innovation: Findings from Seoul Digital Complex (SDC)

• 발행기관: 한국창업학회
• 저자명: Jin Hyo Joseph Yun Eui Seob Jeong Young Gi Kim Jeong Ho Yang
• 간행물 정보: 『한국창업학회지』제10권 제1호, 162~186쪽, 전체 25쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2015.03.31

영문 초록

In order to have answered according to our major research object which states the main effect of IPO on the firm s open innovation. This paper will be the first study to investigate differences in open innovation levels before and after companies’ IPOs through a quantitative patent analysis. We found that patent applications remarkably increased after IPO, especially during the three years before and after IPO. We could find out 3 implications from this research. First, Firms choose different open innovation strategies between before and after of IPI. Even though firms’ patent application during 3 years after IPO decreased, the level of open innovation during this period increased. Maybe firms choose different open innovation strategy after IPO normally. Second, Firms’ open innovation increase from just before 3 years of IPO. This means that firms increase open innovation to make successful situation for IPO. If any firm wants to succeed in IPO, it has to increase open innovation. Third, open innovation strategy chosen by firms are very different according to situations such as belonging industries, firm’s volume, and firms’ state at the belonging market.

목차

Abstract

Ⅰ. Introduction

Ⅱ. Literature Review and Research Framework

Ⅲ. Analysis

Ⅳ. Discusstion

Ⅴ. Conclusions

Reference

키워드

open innovation measurement knowledge-based economy IPO