Influencing Factors on Components and Materials R&D Projects: An Ex-Post Performance Analysis

To enhance Korean industrial competitiveness, the government made a huge R&D investment in various components and materials R&D projects. The ministry of trade, industry and energy has invested consistently, and 288,068 mil Korean won is invested in 2016. This research used R&D inputs and outputs data that is collected by a management agency (Korea evaluation institute of industrial technology, KEIT). This research tried to analyze the ex-post performance of complete materials & parts R&D projects using data envelopment analysis (DEA). We focus on evaluation ex-post performance and revealing the influencing factors on that results. There are our main results through empirical analysis. Firstly, chemical oriented organization's performance is superior to other technology areas like as machinery, electronic, and IT. Secondly, the performance is differentiated by R&D supervision institution. Research institutes and universities have higher performance than big firms, SMEs. Furthermore, research stage is also important factor. Basic research projects' performance is better than applied, and development research projects'. Lastly, co-operation type is valuable factor that is related with open innovation. University-research institute combination is the best type for enhancing R&D performance. This study can suggest meaningful information to decision makers within policy and R&D organizations.