Research Article
Is Sustainable Korean Economic Growth Centered on Small-Sized and Medium-Sized Companies Possible? Focused on Innovative Small and Medium Companies
Table 7
Analysis of relationship between experience in policy support and technical performance.
| | Type | Variables | Model 3-1 (Number of patents) | Model 3-2 (Procurement performance) |
| | Company characteristics | Growth stage (Entry-growth-maturity-decline) | X | X | | Company age | X | X | | Operating profit compared to sales | X | X | | Number of regular employees | O (+) | O (+) | | Implementation of performance compensation system (vs. not yet implemented) | O (+) | O (+) | | Innovative certified companies (vs. general small and medium companies) | O (+) | O (+) | | Support experience | Experience in policy support | O (+) | O (+) | | Number of obs = 3,300O = significant/X = insignificant(+) = positive/(−) = negative | R2 | | 0.0153 | 0.255 |
| | Type | Variables | Model 4-1 (Number of patents) | Model 4-2 (Procurement performance) |
| | Company characteristics | Growth stage (Entry-growth-maturity-decline) | X | X | | Company age | X | X | | Operating profit compared to sales | X | X | | Number of regular employees | O (+) | O (+) | | Implementation of performance compensation system (vs. not yet implemented) | O (+) | O (+) | | Innovative certified companies (vs. general small and medium companies) | O (+) | O (+) | | Support experience | Experience in policy support | O (+) | O (+) | | Support + Innovative | Support experience + Innovative-certified companies | X | O (+) | | Number of obs = 3,300O = significant/X = insignificant(+) = positive/(−) = negative | R2 | | 0.0155 | 0.256 |
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