Macroeconomic variables have previously been studied to better understand the varying degree of insurance pervasiveness across countries, but the impact of sociocultural variables on the degree of insurance pervasiveness has not been extensively researched. Using data from a representative...

In a highly competitive environment a product’s commercial success depends increasingly more upon the ability to satisfy consumers’ preferences that are highly diversified. Since a consumer product typically comprises a host of technological attributes, its market value incorporates all of...

One of the main topics regarding R&D investment in economics is “R&D market failure”. This is imputed that knowledge, which is the primary output of R&D, has spillover effects due to its public-good-like properties. It cause incomplete appropriability of innovating firm and will lead the...

The Korean economy severely suffered from the Asian financial crisis, and is well known for rapid recovery in the years following. However, the recovery was mainly due to successful restructuring by a limited number of large-sized enterprises (LSEs). The small and medium sized enterprises (SMEs)...

Today, despite the needs of more credible valuation models in defense research and development (R&D), defense decision makers mainly focus on previous cost and NPV-based approaches to evaluate them. Defense R&D projects should be considered as a sequential compound real option due to its...

The government-driven knowledge network of the hydrogen energy sector in Korea provides a good case study for an R&D network incorporating necessary building blocks; it can be regarded as a precursor to an emerging sector even before business relationships form, especially one which involves...

Patents are typically characterized as assets of great values. Nevertheless, there are many patents that are actually never used. In this article, we claim that there is a relationship between the duration of patents and the characteristics of the underlying invention. From the viewpoint of...