@article{ART003302926},
author={Dahye Lee and Soonae Park and Jaehyung Bark},
title={The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization},
journal={Industry Promotion Research},
issn={2466-1139},
year={2026},
volume={11},
number={1},
pages={29-37},
doi={10.21186/IPR.2026.11.1.029}
TY - JOUR
AU - Dahye Lee
AU - Soonae Park
AU - Jaehyung Bark
TI - The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization
JO - Industry Promotion Research
PY - 2026
VL - 11
IS - 1
PB - Industrial Promotion Institute
SP - 29
EP - 37
SN - 2466-1139
AB - The purpose of this study is to empirically analyze the effect of firms' research and development expenditures and labor costs on their capacity utilization. Using data from 14,715 firm-year observations of non-financial listed firms in Korea from 2011 to 2023, this study examines the effect of firms' research and development (R&D) expenditures and labor costs on their capacity utilization. through regression analysis. The findings show that both R&D expenditure and labor costs are significantly and positively associated with firms’ annual capacity utilization. This study highlights the importance of R&D and labor expenditures as key determinants of capacity utilization, offering a new perspective not fully addressed in prior research. It also differentiates itself by utilizing capacity utilization, a unique indicator difficult to obtain outside the Korean market.
KW - Research and development;R&D;Labor costs;Capacity utilization;Production efficiency
DO - 10.21186/IPR.2026.11.1.029
ER -
Dahye Lee, Soonae Park and Jaehyung Bark. (2026). The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization. Industry Promotion Research, 11(1), 29-37.
Dahye Lee, Soonae Park and Jaehyung Bark. 2026, "The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization", Industry Promotion Research, vol.11, no.1 pp.29-37. Available from: doi:10.21186/IPR.2026.11.1.029
Dahye Lee, Soonae Park, Jaehyung Bark "The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization" Industry Promotion Research 11.1 pp.29-37 (2026) : 29.
Dahye Lee, Soonae Park, Jaehyung Bark. The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization. 2026; 11(1), 29-37. Available from: doi:10.21186/IPR.2026.11.1.029
Dahye Lee, Soonae Park and Jaehyung Bark. "The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization" Industry Promotion Research 11, no.1 (2026) : 29-37.doi: 10.21186/IPR.2026.11.1.029
Dahye Lee; Soonae Park; Jaehyung Bark. The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization. Industry Promotion Research, 11(1), 29-37. doi: 10.21186/IPR.2026.11.1.029
Dahye Lee; Soonae Park; Jaehyung Bark. The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization. Industry Promotion Research. 2026; 11(1) 29-37. doi: 10.21186/IPR.2026.11.1.029
Dahye Lee, Soonae Park, Jaehyung Bark. The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization. 2026; 11(1), 29-37. Available from: doi:10.21186/IPR.2026.11.1.029
Dahye Lee, Soonae Park and Jaehyung Bark. "The Effect of R&D and Labor Expenditures on Firms' Annual Capacity Utilization" Industry Promotion Research 11, no.1 (2026) : 29-37.doi: 10.21186/IPR.2026.11.1.029
