The effects of R&D evidence from korean small and medium sized enterprises
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چکیده
This paper shows evidence (SMEs) can maintain higher firm value by innovation activities such as R&D expenditure, asset counted R&D expenditure, and cost asset-counted R&D expenditure has higher effect on the firm value than cost expenditure. Moreover, the additional result shows that business, innobiz firms, and management innovati Medium Business Administration (SMBA) for policy purpose maintain higher firm value than the non-innovative ones, because they can receive many advantages from innovation policies that support credit guaranteed servic and so on. These results are encouraging evidences for various innovation policies of the Korea SMBA to support the innovative SMEs.
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