The purpose of this study is to analyze the effect of R&D group characteristics and new high-tech product launch performance on the KSE versus KOSDAQ. To accomplish the purpose of the study, a research model was made based on literatures about R&D cha ...
The purpose of this study is to analyze the effect of R&D group characteristics and new high-tech product launch performance on the KSE versus KOSDAQ. To accomplish the purpose of the study, a research model was made based on literatures about R&D characteristics and new high-tech product launch performance. Working hypotheses were established based on the research model. In order to verify hypotheses, the data were collected from leader of each department(team manager), leaders of R&D, production, and marketing department, and the members of R&D project team who all had experience in the project or were participating in it, in the KSE and KOSDAQ. To analyze the collected data, factor analysis, reliability analysis, correlation analysis, and multi-regression analysis were used.
The results of the study are summarized as follows : First, in analysis on the impact of R&D system on the market performance, firms listed on KSE than firms listed on KOSDAQ, venture businesses than non- venture businesses, IT firms than non-IT firms, full R&D department firms than non-full R&D department firms were significant. Second, in analysis on the impact of R&D sub-system on the market performance, firms listed on KSE than firms listed on KOSDAQ, venture businesses than non- venture businesses, IT firms than non-IT firms, full R&D department firms than non-full R&D department firms were significant. Third, in analysis on the impact of R&D management on the market performance, firms listed on KSE than firms listed on KOSDAQ, venture businesses than non- venture businesses were significant. Fourth, in analysis on the impact of R&D environments(situations) on the market performance, firms listed on KSE than firms listed on KOSDAQ, venture businesses than non- venture businesses were significant. Fifth, in analysis on the impact of Marketing on the market performance, firms listed on KSE than firms listed on KOSDAQ, venture businesses than non- venture businesses were significant.
In the result, this study ascertained that the more superior firms listed on KSE than firms listed on KOSDAQ, in R&D characteristics, had more excellent new high-tech product launch performance. This study suggests that firms should understand R&D characteristics and have own's R&D system and R&D sub-system, and activate Marketing and R&D management activity, and prepare R&D environments(situations) to develop excellent new high-tech product.