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@article{ART002958104},
author={SUNPIL HWANG and Sung-Yong Ryu},
title={Economic Uncertainty and Business Innovation: Focused on Research and Development},
journal={Industry Promotion Research},
issn={2466-1139},
year={2023},
volume={8},
number={2},
pages={11-19},
doi={10.21186/IPR.2023.8.2.011}

TY - JOUR
AU - SUNPIL HWANG
AU - Sung-Yong Ryu
TI - Economic Uncertainty and Business Innovation: Focused on Research and Development
JO - Industry Promotion Research
PY - 2023
VL - 8
IS - 2
PB - Industrial Promotion Institute
SP - 11
EP - 19
SN - 2466-1139
AB - The purpose of this study is to analyze the effect of economic uncertainty on business innovation. To this end, Ahir et al. (2018) World Uncertainty Index (WUI) is selected as a proxy for economic uncertainty, while total R&D investment (RD), capitalized R&D investment (RD_A), expensed R&D investment (RD_E), and the proportion of capitalized R&D investment to total R&D investment (RD_R) are selected as variables representing business innovation. The research findings showed that economic uncertainty (WUI) had a statistically significant positive (+) relationship with total research and development investment (RD), asset-based research and development investment (RD_A), and the proportion of asset-based research and development investment (RD_R). This relationship remained the same even after controlling for managerial opportunistic accounting behavior (DACC; discretionary accruals). These findings suggest that companies focus on research and development investment as an opportunity for management innovation even in the face of economic uncertainty. The results of this study are significant in demonstrating the validity and effectiveness of government support for industrial promotion under economic uncertainty.
KW - economic uncertainty;WUI;business innovation;R&D investment;research and development expenses
DO - 10.21186/IPR.2023.8.2.011
ER -

SUNPIL HWANG and Sung-Yong Ryu. (2023). Economic Uncertainty and Business Innovation: Focused on Research and Development. Industry Promotion Research, 8(2), 11-19.

SUNPIL HWANG and Sung-Yong Ryu. 2023, "Economic Uncertainty and Business Innovation: Focused on Research and Development", Industry Promotion Research, vol.8, no.2 pp.11-19. Available from: doi:10.21186/IPR.2023.8.2.011

SUNPIL HWANG, Sung-Yong Ryu "Economic Uncertainty and Business Innovation: Focused on Research and Development" Industry Promotion Research 8.2 pp.11-19 (2023) : 11.

SUNPIL HWANG, Sung-Yong Ryu. Economic Uncertainty and Business Innovation: Focused on Research and Development. 2023; 8(2), 11-19. Available from: doi:10.21186/IPR.2023.8.2.011

SUNPIL HWANG and Sung-Yong Ryu. "Economic Uncertainty and Business Innovation: Focused on Research and Development" Industry Promotion Research 8, no.2 (2023) : 11-19.doi: 10.21186/IPR.2023.8.2.011

SUNPIL HWANG; Sung-Yong Ryu. Economic Uncertainty and Business Innovation: Focused on Research and Development. Industry Promotion Research, 8(2), 11-19. doi: 10.21186/IPR.2023.8.2.011

SUNPIL HWANG; Sung-Yong Ryu. Economic Uncertainty and Business Innovation: Focused on Research and Development. Industry Promotion Research. 2023; 8(2) 11-19. doi: 10.21186/IPR.2023.8.2.011

SUNPIL HWANG, Sung-Yong Ryu. Economic Uncertainty and Business Innovation: Focused on Research and Development. 2023; 8(2), 11-19. Available from: doi:10.21186/IPR.2023.8.2.011

SUNPIL HWANG and Sung-Yong Ryu. "Economic Uncertainty and Business Innovation: Focused on Research and Development" Industry Promotion Research 8, no.2 (2023) : 11-19.doi: 10.21186/IPR.2023.8.2.011