Noh et al 2018 RnD Mgmt - Accepted.pdf (563.64 kB)
Download fileWhat factors of early-stage innovative projects are likely to drive projects’ success? A longitudinal analysis of Korean entrepreneurial firms
journal contribution
posted on 2023-06-09, 14:04 authored by Heeyong Noh, Josh SiepelJosh Siepel, You-Eil Kim, Jinny Seo, Jong Ku Son, Sungjoo LeePrevious studies have identified the factors affecting successful technology commercialization as outcomes of R&D projects. However, most of them have used cross-sectional data, whereas there is a dearth of literature using longitudinal data analysis. Longitudinal analysis is essential for investigating the characteristics of early-stage innovative projects due to the inherent time lag between project evaluation and commercialization. Therefore, this study examines the early-stage project characteristics that can be used as meaningful evaluation criteria for predicting success, particularly in technology commercialization. We collected data on the ex-ante evaluation results and ex-post commercialization results of R&D projects pursued by entrepreneurial firms. We then conducted a logistic regression analysis and identified three market-related factors as significant in driving technology commercialization success in the early stages of technology development: market potential, commercialization plan, and market condition.
History
Publication status
- Published
File Version
- Accepted version
Journal
R&D ManagementISSN
0033-6807Publisher
WileyExternal DOI
Issue
5Volume
48Page range
627-640Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes