The Effects of Startup Characteristics on Innovation Capability – Focusing on the Partnerships with Public Enterprises
2020, 15(2), pp.299-313
DOI :10.34163/jkits.2020.15.2.015
Publisher : Korea Knowledge Information Technology Society
Research Area : Interdisciplinary Research
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The role of startups is being highlighted as a way to cope with rapid changes of business environment. The core of startups embraces technical innovation and agility, and their role in the related industries will be stressed further in line with the Fourth Industrial Revolution. This study aims to review the factors which impact innovation capability from two aspects. Firstly, the innovation capability which socialization process and relationship learning between startups and public enterprises impact have been studied in a perspective of social exchange theory, and how the internal property of startups affects innovation capability with absorptive capacity has been reviewed thereafter. To this end, this study covers an empirical analysis by conducting a questionnaire focused on startups which have experienced the cooperation with Korean public enterprises, and it is assured that six hypotheses proposed were entirely adopted. Their implications are as follows. This study shows the socialization process, which the active discussion has been insufficient in the business-to-business studies, and presents that factors of relationship learning between startups and public enterprises could have positive impacts on the absorptive capacity of startup internal members.
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