Journal
JOURNAL OF ELECTRONIC COMMERCE IN ORGANIZATIONS
Volume 17, Issue 1, Pages 1-15Publisher
IGI GLOBAL
DOI: 10.4018/JECO.2019010101
Keywords
Business performance; Innovation financing; Moderator effect; SMEs in Korea; Structural equation modeling; Technology innovation competency
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Funding
- [NRF-2016K2A9A2A11938449]
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This article paper investigates the effectiveness of innovation financing systems by examining the structural equation modeling (SEM) that imputes relationships among latent variables including innovation financing, technology innovation competency, financial performance and non-financial performance of innovative SMEs in Korea. It is identified that innovation financing increases not only technological innovation competency but also business performance of innovative SMEs in Korea. Meanwhile, innovation competency decreases financial performance of firms and increases non-financial performance. These findings are helpful to policy makers in developing countries which should allocate scarce resources efficiently for its economic growth. Providing innovation financing through technology appraisal to innovative SMEs has the potential to grow into one of the most efficient financial policies.
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