JAIST Repository
https://dspace.jaist.ac.jp/ Title 研究プロジェクトの中止・継続がイノベーションの成 果に及ぼす影響とその決定要因 : 第4回全国イノベー ション調査による定量分析 Author(s) 羽田, 尚子; 池田, 雄哉 Citation 年次学術大会講演要旨集, 34: 634-637 Issue Date 2019-10-26Type Conference Paper Text version publisher
URL http://hdl.handle.net/10119/16603
Rights
本著作物は研究・イノベーション学会の許可のもとに 掲載するものです。This material is posted here with permission of the Japan Society for Research Policy and Innovation Management.
㸰(㸯㸳
◊✲ࣉࣟࢪ࢙ࢡࢺࡢ୰Ṇ࣭⥅⥆ࡀࣀ࣮࣋ࢩࣙࣥࡢᡂᯝཬࡰࡍ
ᙳ㡪ࡑࡢỴᐃせᅉ㸸➨㸲ᅇᅜࣀ࣮࣋ࢩࣙࣥㄪᰝࡼࡿᐃ㔞ศᯒ
ۑ⩚⏣ᑦᏊ㸦୰ኸᏛ⛉Ꮫᢏ⾡࣭Ꮫ⾡ᨻ⟇◊✲ᡤ㸧㸪ụ⏣㞝ဢ㸦⛉Ꮫᢏ⾡࣭Ꮫ⾡ᨻ⟇◊✲ᡤ㸧 ࡣࡌࡵ ᨻᗓࡀ 12 ᭶ࡲࡵࡓᡂ㛗ᡓ␎࡛ࡣࠕ⏕⏘ᛶ㠉ࠖࢆᐇ⌧ࡍࡿࡓࡵࠕୡ⏺ᶆ‽ࡢࣀ࣮࣋ࢩ࣭ࣙࣥ ࢚ࢥࢩࢫࢸ࣒ࢆࡾୖࡆࡿࠖㅻࡗ࡚࠸ࡿࠋࣀ࣮࣋ࢩ࣭࢚ࣙࣥࢥࢩࢫࢸ࣒ࡣࠊᢸ࠸ᡭ࡞ࡿࣉࣞࣖ ࣮ࡸࠊࡑࢀࢆྲྀࡾᕳࡃไᗘ࣭ࣥࣇ࣭ࣛᩥ࡞ከᵝ࡞せ⣲ࡀྵࡲࢀࡿࠋᮏ◊✲࡛ࡣࠊせ࡞ࣉࣞࣖ ࣮࡛࠶ࡿᴗ╔┠ࡋࠊࡢࡼ࠺࡞◊✲㛤Ⓨ࣐ࢿࢪ࣓ࣥࢺࡀࣀ࣮࣋ࢩࣙࣥࢆಁࡍࡢࢆᐇドⓗ᳨ド ࡍࡿࠋ◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࢆ㐍ࡵࡿ㝿ࠊ᪂〇ရࡢࢹࡽ〇ရ⮳ࡿ」ᩘࡢᕤ⛬࡛୰㛫┠ᶆࢆ タᐃࡋࠊᕤ⛬⟶⌮ࢆ⾜࠺᪉ἲࡀ࠶ࡿࠋ࠶ࡿᕤ⛬࡛ࡢᡂᯝࡀ୰㛫┠ᶆ㐩ࡋ࡚࠸ࢀࡤࠊᡂᯝࡣḟࡢᕤ⛬ ⛣⾜ࡋࠊࣉࣟࢪ࢙ࢡࢺࡣ⥅⥆ࡉࢀࡿࡀࠊᮍ㐩࡛࠶ࢀࡤࣉࣟࢪ࢙ࢡࢺࡢ୰Ṇࡀ᳨ウࡉࢀࡿࠋࡇࡢࡼ࠺࡞ࣉ ࣟࢪ࢙ࢡࢺ⟶⌮ἲ㸦௨ୗࠊࢫࢸ࣮ࢪᆺ⟶⌮ἲ⾲グࡍࡿ㸧࡛ࡣࠊ㈨㔠౪⤥ࡢṆ࡞ࠊࣉࣟࢪ࢙ࢡࢺࡀ ୰Ṇࡉࢀࡿ⬣ጾࢆక࠺ࠋࡇࡢ⬣ጾࡢࡓࡵࠊᐇ⌧ᛶࡢ㧗࠸㐍ⓗ࡞ࣉࣟࢪ࢙ࢡࢺࡤࡾࡀ㑅ࡤࢀࠊ⏬ᮇᛶ ࠶ࡿࣉࣟࢪ࢙ࢡࢺࡀヨ⾜ࡉࢀ࡞ࡃ࡞ࡿ࠸࠺ᙇࡀ࠶ࡿ㸦Manso, 2011㸧ࠋࡇࢀᑐࡋࠊࢫࢸ࣮ࢪᆺ⟶⌮ ἲࡣ࣭ࣜࣝ࢜ࣉࢩࣙࣥ࡞ࡗ࡚࠾ࡾࠊ୰Ṇࡢ⬣ጾࡼࡾᢏ⾡ⓗ࣭ၟᴗⓗᐇ⌧ᛶࡢ㧗࠸ࣉࣟࢪ࢙ࢡࢺ ࡀ㑅ูࡉࢀࡿࡓࡵࠊࣀ࣮࣋ࢩࣙࣥ㐺ࡋ࡚࠸ࡿ࠸࠺ᙇࡶ࠶ࡿ㸦࠼ࡤDahiya and Ray, 2012㸧ࠋ ᮏ◊✲࡛ࡣࠊࢫࢸ࣮ࢪᆺ࡛〇ရ㛤Ⓨࣉࣟࢪ࢙ࢡࢺࢆ⟶⌮ࡍࡿᴗࡢ᪉ࡀࠊࡑ࠺࡛࡞࠸ᴗẚ࡚ࣀ ࣮࣋ࢩࣙࣥࢆᐇ⌧ࡋࡸࡍ࠸ࡢ᳨ドࡍࡿࠋ ඛ⾜◊✲௬ㄝ Manso(2011)ࡣࠊ〇ရ㛤Ⓨࡀࢫࢸ࣮ࢪᆺ࡛㐍⾜ࡍࡿࣔࢹࣝࡼࡾࠊࣀ࣮࣋ࢩࣙࣥ㐺ࡋࡓ◊✲㛤Ⓨ ࣐ࢿࢪ࣓ࣥࢺࡘ࠸࡚⪃ᐹࡋ࡚࠸ࡿࠋManso ࡣࠊࣀ࣮࣋ࢩࣙࣥࡣヨ⾜㘒ㄗࡀᚲせྍḞ࡞ࡇࡽࠊ 㛤Ⓨึᮇẁ㝵ࡢኻᩋࡘ࠸࡚ࡣᐶᐜᑐᛂࡋࡘࡘ᭷ຠ࡞ࣇ࣮ࢻࣂࢵࢡࢆ࠼ࠊᡂᯝࢆ㛗ᮇⓗホ౯ࡍ ࡿࣥࢭࣥࢸࣈ࣭ࢫ࣮࣒࢟ࡀ᭷ຠ࡛࠶ࡿᙇࡍࡿࠋ〇ရ㛤Ⓨ㐣⛬࡛⏕ࡌࡿࣉࣟࢪ࢙ࢡࢺ୰Ṇࡢ⬣ጾ ࡣࠊ⏬ᮇᛶ࠶ࡿࣉࣟࢪ࢙ࢡࢺࢆヨࡳࡿࣥࢭࣥࢸࣈࢆῶᑡࡉࡏࡿࡓࡵࠊࣀ࣮࣋ࢩࣙࣥࢆᢚไࡍࡿࡇ ࡀ⌮ㄽศᯒࡼࡾ♧ࡉࢀ࡚࠸ࡿࠋ ୍᪉ࠊ࣋ࣥࢳ࣮ࣕ࢟ࣕࣆࢱࣝ㸦VC㸧ࡼࡿ࢚ࢡࢸᢞ㈨࡛ࡣࠊ୰Ṇࡢ⬣ጾࡣࣀ࣮࣋ࢩࣙࣥ㐺 ࡋ࡚࠸ࡿ࠸࠺ሗ࿌ࡀ࠶ࡿࠋVC ࡢ࢚ࢡࢸᢞ㈨ࡣ࠸ࡃࡘࡢẁ㝵㸦ࢫࢸ࣮ࢪ㸧ศࡅ࡚㈨㔠ࡀᥦ౪ ࡉࢀࡿࡇࡀከ࠸ࠋVC ࡀ」ᩘࡢẁ㝵ࢆ㋃ࡴࡢࡣࠊ୰㛫ⓗ࡞ᡂᯝࢆࣔࢽࢱࣜࣥࢢࡋ࡞ࡀࡽ㈨㔠౪⤥ࢆ⥅ ⥆ࡍࡿࡢ୰Ṇࡍࡿࡢࢆุ᩿ࡍࡿࡢࡀࠊ☜ᐇᛶࡢࡁ࡞ࣀ࣮࣋ࢩࣙࣥᑐฎࡍࡿୖ࡛᭷ຠ⪃࠼ ࡽࢀ࡚࠸ࡿࡓࡵ࡛࠶ࡿࠋࢫࢸ࣮ࢪࢆ⤒ࡿࡈࠊVC ࡣᢞ㈨ඛᴗࡢᢏ⾡㠃࣭ၟᴗ㠃࡛ࡢᡂຌ㛵ࡍࡿ Ꮫ⩦ࢆࡍࡿࡢ࡛ࠊᐇ⌧ྍ⬟ᛶࡢ㧗࠸ᴗࡢࡳࡀ㑅ูࡉࢀ࡚࠸ࡃ㸦Dahiya and Ray, 2012㸧ࠋࡇࡢព࡛ࠊ ࢫࢸ࣮ࢪᆺ⟶⌮ἲࡣࣀ࣮࣋ࢩࣙࣥࢆಁ㐍ࡍࡿࠋ
ࢫࢸ࣮ࢪᆺࡢࣉࣟࢪ࢙ࢡࢺ⟶⌮ࡣࠊᅜෆእࡢከࡃࡢᴗࡢ〇ရ㛤Ⓨ࡛᥇⏝ࡉࢀ࡚࠸ࡿ㸦Schilling, 2013㸧ࠋ᪥ᮏᴗࢆᑐ㇟ࡋࡓすᮧ㸦2007㸧ࡢㄪᰝࡼࡿࠊㄪᰝᑐ㇟ࡢ 90㸣௨ୖࡢ◊✲㛤Ⓨ⤌⧊࡛ࡣࠊ 㐍ᤖࢆࣔࢽࢱࣜࣥࢢࡋ࡞ࡀࡽࣉࣟࢪ࢙ࢡࢺࢆ㐍ࡵ࡚࠾ࡾࠊྠᵝࡢ᪉ἲ࡛㈨㔠ࡶ⟶⌮ࡋ࡚࠸ࡿࠋࡲࡓࠊࢻ ࢶࡢẸ㛫ᴗ㸦⣙1,800 ♫㸧ࢆᑐ㇟ࡋࡓ Andries and Hunermund (2014)ࡢᐇド◊✲࡛ࡣࠊࢫࢸ࣮ ࢪᆺࡢࣉࣟࢪ࢙ࢡࢺ⟶⌮ἲࡢᐇ⾜ࠊࣉࣟࢪ࢙ࢡࢺࡢ୰Ṇ࣭⥅⥆ࡣṇ࡛᭷ព࡞┦㛵ࡀㄆࡵࡽࢀ࡚࠸ࡿࠋ ୍᪉ࠊࢫࢸ࣮ࢪᆺࡢࣉࣟࢪ࢙ࢡࢺ⟶⌮ࡣࠊ㐍ⓗ࡞ࣀ࣮࣋ࢩࣙࣥࡣṇ࡛᭷ពస⏝ࡍࡿࡀࠊ⏬ᮇᛶ ࡢ࠶ࡿࣀ࣮࣋ࢩࣙࣥᑐࡋ࡚ࡣຠᯝࢆࡶࡓ࡞࠸ࡇࡶ᫂ࡽ࡞ࡗ࡚࠸ࡿࠋ௨ୖࡼࡾࠊᮏ◊✲࡛ࡣ 1 ᮏ✏ࡣࠊ⊂❧⾜ᨻἲே⤒῭⏘ᴗ◊✲ᡤࠊᩥ㒊⛉Ꮫ┬⛉Ꮫᢏ⾡࣭Ꮫ⾡ᨻ⟇◊✲ᡤ࠾ࡅࡿ◊✲ࣉࣟࢪ࢙ࢡࢺᡂᯝࡢ୍㒊࡛࠶ࡾࠊᮏ✏࡛ ⏝࠸ࡓಶ⚊ࢹ࣮ࢱࡣᙜࣉࣟࢪ࢙ࢡࢺࡢ୍⎔࡛ධᡭࡋࡓࠋᮏ✏ࡢෆᐜࡣⴭ⪅➼ࡢぢゎ࡛࠶ࡾࠊ⤒῭⏘ᴗ◊✲ᡤࠊ⛉Ꮫᢏ⾡࣭Ꮫ⾡ᨻ⟇◊✲ ᡤࡋ࡚ࡢぢゎࢆ♧ࡍࡶࡢ࡛ࡣ࡞࠸ࠋᮏ✏࠶ࡾ࠺ࡿ㛫㐪࠸ࡣࡍ࡚ⴭ⪅➼ࡢ㈐௵࡛࠶ࡿࠋᮏ◊✲ࡣࠊ⛉◊㈝㸦ᇶ┙◊✲C㸸ㄢ㢟␒ྕ 16K03661㸧ࡢຓᡂࢆཷࡅ࡚࠸ࡿࠋ 2 㐃⤡ඛ㸸ࠛ192-0393 ᮾி㒔ඵ⋤Ꮚᕷᮾ୰㔝 742-1 ୰ኸᏛၟᏛ㒊㸦E-Mail: [email protected]㸧㸦㐃⤡ᢸᙜ⪅㸧
2E15
2E15.pdf :2 ௨ୗࡢ௬ㄝࢆᑟࡃࠋ H1㸸◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࢆࢫࢸ࣮ࢪᆺ࡛⟶⌮ࡋ࡚࠸ࡿᴗࡣࠊࡼࡾከࡃࡢࣀ࣮࣋ࢩࣙࣥᡂᯝࢆ⋓ᚓ ࡋ࡚࠸ࡿࠋ H2㸸◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࢆࢫࢸ࣮ࢪᆺ࡛⟶⌮ࡋ࡚࠸ࡿᴗࡣࠊ᪂つᛶࡢ㧗࠸ࣀ࣮࣋ࢩࣙࣥࢆ⏕ࡳฟ ࡋ࡚࠸ࡿࠋ H3㸸◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࢆࢫࢸ࣮ࢪᆺ࡛⟶⌮ࡋ࡚࠸ࡿᴗࡣࠊ㐍ⓗ࡞ࣀ࣮࣋ࢩࣙࣥࢆ⏕ࡳฟࡋ࡚ ࠸ࡿࠋ ศᯒ⏝࠸ࡿࢹ࣮ࢱ ᮏ◊✲࡛ࡣࠕ➨4 ᅇᅜࣀ࣮࣋ࢩࣙࣥㄪᰝࠖ㸦J-NIS2015㸧ࡢಶ⚊ࢹ࣮ࢱᮾிၟᕤࣜࢧ࣮ࢳ㸦TSR㸧 ࡢᴗሗ࣭㈈ົሗࢆ⏝ࡋ࡚࠸ࡿࠋᅜࣀ࣮࣋ࢩࣙࣥㄪᰝࡣࠊࣀ࣮࣋ࢩࣙࣥάືࢆ ᐃ࣭ศᯒ ࡍࡿ㝿ࡢᶆ‽ⓗ࡞࢞ࢻ࡛ࣛࣥ࠶ࡿ࢜ࢫ࣭࣐ࣟࢽࣗࣝ‽ᣐࡋ࡚ᐇࡉࢀࡓࡶࡢ࡛࠶ࡿࠋḢᕞㅖᅜ ࡛ᐃᮇⓗᐇࡉࢀ࡚࠸ࡿCommunity Innovation Survey (CIS)ࡶᑐᛂࡋ࠺ࡿㄪᰝゎ㔘ࡍࡿࡇ ࡶ࡛ࡁࡿࠋᅜࣀ࣮࣋ࢩࣙࣥㄪᰝ࡛ࡣࠊࣉࣟࢲࢡࢺ࣭ࣀ࣮࣋ࢩࣙࣥࡢ᪂つᛶࡸୖ⋡࡞ࡢࣀ࣋ ࣮ࢩࣙࣥࡢᡂᯝࡘ࠸࡚ᴗࡀᅇ⟅ࡋ࡚࠸ࡿ㸦ヲ⣽ࡣࠊ⛉Ꮫᢏ⾡࣭Ꮫ⾡ᨻ⟇◊✲ᡤ㸦2016㸧ࢆཧ↷㸧ࠋ ᮏㄪᰝࢆTSR ᴗࢹ࣮ࢱ᥋ྜࡋࠊᮏ◊✲ࡢศᯒᑐ㇟ࡣ 2012㹼2014 ᖺᗘࡲ࡛ࡢ 3 ᖺ㛫࡛ࣀ࣮࣋ࢩࣙ ࣥάືࢆᐇࡋࡓ1,468 ♫㸦〇㐀ᴗ 727 ♫ࠊ㠀〇㐀ᴗ 741 ♫㸧࡞ࡗࡓࠋ ࣀ࣮࣋ࢩࣙࣥࡢᡂᯝࢆ௦⌮ࡍࡿኚᩘࡣࠊㄪᰝᑐ㇟ᮇ㛫࡛ᕷሙ᪂つ㸦㠀᪂つᕷሙ㸧ࣉࣟࢲࢡࢺ࣭ࣀ ࣮࣋ࢩࣙࣥࢆᑟධࡋࡓᴗࢆ㸯ࠊࡋ࡞ࡗࡓᴗࢆ㸮ࡍࡿ್ኚᩘ࡛ᐃ⩏ࡍࡿࠋྠᵝࠊᕷሙ᪂つ㸦㠀 ᕷሙ᪂つ㸧ࣉࣟࢲࢡࢺ࣭ࣀ࣮࣋ࢩࣙࣥࡢୖ⋡ࡶ⏝࠸࡚࠸ࡿࠋࢫࢸ࣮ࢪᆺ⟶⌮ἲᐇࡢ᭷↓ࢆ௦⌮ࡍ ࡿኚᩘࡣࠊㄪᰝᑐ㇟ᮇ㛫࡛๓୰Ṇ࣭୰᩿ࡋࡓࣀ࣮࣋ࢩࣙࣥάືࡢ࠶ࡿᴗࠊࡶࡋࡃࡣ2014 ᖺ ᗘᮎ࠾࠸࡚ࡶ⥅⥆୰ࡢάືࡢ࠶ࡿᴗࢆ㸯ࠊࡑ࠺࡛࡞࠸ᴗࢆ0 ࡍࡿ್ኚᩘ࡛ᐃ⩏ࡍࡿࠋ ศᯒᡭἲ ᮏ◊✲࡛ࡣࠊࡲࡎࠊࡢࡼ࠺࡞≉ᛶࡢᴗࡀࢫࢸ࣮ࢪᆺ⟶⌮ἲࢆ᥇⏝ࡍࡿഴྥࡀ㧗࠸ࡢࠊࣉࣟࣅࢵ ࢺ࣭ࣔࢹ࡛ࣝ᥎ᐃࢆࡍࡿࠋࢫࢸ࣮ࢪᆺ⟶⌮ἲ࡛ࡣࠊࣉࣟࢪ࢙ࢡࢺࡢ㐍ᤖࢆ☜ㄆࡋ࡞ࡀࡽࠊ୰Ṇࡍࡿࡢࠊ ⥅⥆ࡍࡿࡢࢆỴࡵ࡚࠸ࡿࠋ◊✲㛤Ⓨࡣ☜ᐇᛶࡀ࠶ࡿࡢ࡛ࠊ⤌⧊ࡢ☜ᐇᛶチᐜࡢ⛬ᗘࡀࠊࣉࣟࢪ ࢙ࢡࢺࡢ୰Ṇ࣭⥅⥆ᙳ㡪ࡍࡿࠋࡲࡓࠊ」ᩘࡢࣉࣟࢪ࢙ࢡࢺࢆ୪⾜ࡋ࡚⾜࠺ᴗࡢ᪉ࡀࣉࣟࢪ࢙ࢡࢺࡢ 㑅ูࢆࡍࡿㄏᅉࡀࡁࡃࠊ୰Ṇ࣭⥅⥆ࡢุ᩿ࠊ⤌⧊ෆእ㸦ᕷሙ㛵ࡍࡿ▱㆑࡞㸧ࡢ▱㆑ࡶᚲせ࡞ ࡿࠋࡇࡢࡓࡵࠊ◊✲㛤Ⓨᑐࡍࡿ⤌⧊ࡢ⌮ゎࠊࣉࣟࢪ࢙ࢡࢺࡢᩘࠊ⤌⧊ෆእࡢ▱㆑ά⏝ࢆ௦⌮ࡍࡿኚᩘ ࢆ⏝࠸࡚ࠊࢫࢸ࣮ࢪᆺ⟶⌮ἲࡢỴᐃせᅉࢆ᳨ドࡍࡿࠋ ḟࠊഴྥࢫࢥ࣐ࢵࢳࣥࢢࢆ⏝࠸࡚ࠊฎ⨨⩌ྠᵝࡢᒓᛶࢆᣢࡘᑐ㇟⩌ࢆ㑅ᐃࡋࠊࢫࢸ࣮ࢪᆺ⟶⌮ ἲࡢᐇࡀࣀ࣮࣋ࢩࣙࣥࡢᡂᯝࢆ㧗ࡵ࡚࠸ࡿࡢ᳨ドࡍࡿࠋࣉࣟࣅࢵࢺ᥎ィࡽᚓࡽࢀࡓࢫࢸ࣮ࢪᆺ ⟶⌮ἲࡢᐇẚ⋡ࢆᇶഴྥࢫࢥࢆ⟬ฟࡋࠊ᭱㏆ഐ࣐ࢵࢳࣥࢢࡼࡗ࡚ᐇᴗ㠀ᐇᴗࢆ࣐ ࢵࢳࡉࡏࡿࠋ࡞࠾ࠊ࣐ࢵࢳࣥࢢࡢᑐ㇟࡞ࡿഴྥࢫࢥୖ㝈ࢆタࡅࠊ࢝ࣜࣃ࣮ࡢࢧࢬࢆ 0.03 タ ᐃࡋ࡚ࠊࡇࢀࢆ㉸࠼ࡓഴྥࢫࢥࢆᣢࡘᴗࢆࢧࣥࣉࣝࡽ㝖࠸࡚࠸ࡿࠋ࣐ࢵࢳࣥࢢᚋࡢࢧࣥࣉ࡛ࣝฎ ⨨⩌㸦ࢫࢸ࣮ࢪᆺ⟶⌮ࡢᐇ㸧࠾ࡅࡿᖹᆒฎ⨨ຠᯝࢆࡶࡵࡿࠋࡍ࡞ࢃࡕࠊᮏ⟶⌮ἲࢆᐇࡍࡿᴗ ࢆྠᵝࡢ≉ᚩࢆᣢࡘ㠀ᐇᴗ࣐ࢵࢳࡉࡏࠊࢫࢸ࣮ࢪᆺ⟶⌮ἲࢆᐇࡍࡿᴗ࣐ࢵࢳࡉࡏࡓ㠀ᐇ ᴗࡢᡂᯝࡢᖹᆒ್ࡢᕪ␗ࢆィ⟬ࡍࡿࠋ ᥎ᐃ⤖ᯝ⪃ᐹ ᮏ◊✲࡛ࡣࠊ◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࡢ୰Ṇ࣭⥅⥆ࢆࢫࢸ࣮ࢪᆺ⟶⌮ἲࡢ௦⌮ᣦᶆࡋ࡚࠸ࡿࡀࠊࣉࣟ ࢪ࢙ࢡࢺࡢ୰Ṇ࣭⥅⥆ࡣࡑࢀ௨እࡢ⌮⏤ࡽࡶ㉳ࡇࡾᚓࡿࠋᚲࡎࡋࡶ㐍ᤖࢆ⟶⌮ࡋ࡚࠸ࡿࢃࡅ࡛ࡣ࡞࠸ ࡀࠊᢏ⾡ⓗᐇ⌧ࡀᅔ㞴࡞ࡾάືࡀ୰Ṇࡉࢀࡿሙྜࡶ࠶ࡾࠊᡂᯝࡀฟࡿࡲ࡛◊✲㛤Ⓨࡀ⥆ࡅࡽࢀࡿሙ ྜࡶ࠶ࡿࠋࡇࡢࡓࡵࠊࢫࢸ࣮ࢪᆺ⟶⌮ἲࢆᐇࡋ࡚࠸ࡿࡢ㆑ูࡀᅔ㞴࡞3 ࡘࡢࢧࣥࣉࣝࢆ⏝࠸࡚ࠊ⤖ ᯝࡢ㡹ᛶࢆ☜ㄆࡋ࡚࠸ࡿࠋࢧࣥࣉࣝ1 ࡣࣉࣟࢪ࢙ࢡࢺࡢ⥅⥆ࡶࡋࡃࡣ୰Ṇࡢࡕࡽ∦᪉ࡢࡳࢆ⤒㦂
ࡋࡓᴗ࡛࠶ࡿࠋࡇࢀࡽࡢᴗࡣࠊ」ᩘࡢ◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࢆ⾜ࡗ࡚࠸ࡿࡢ㆑ู࡛ࡁ࡞࠸ࡓࡵ࡛ ࠶ࡿࠋࢧࣥࣉࣝ2 ࡣ་⸆ရ〇㐀ᴗࢆ㝖ࡃࡢᴗ✀ᒓࡍࡿᴗ࡛࠶ࡾࠊࢧࣥࣉࣝ 3 ࡣࠊ୰つᶍ࣭ᑠつᶍ ᴗ࡛࠶ࡿࠋ
⾲1 ࡣࠊࢫࢸ࣮ࢪᆺࣉࣟࢪ࢙ࢡࢺ⟶⌮ἲࡢỴᐃせᅉࢆ♧ࡋ࡚࠸ࡿࠋ⾲ 1 ࡽࠊୖ㧗༨ࡵࡿ◊✲㛤 Ⓨᢞ㈨ẚ⋡㸦⾲1 ࡢ R&D/sales㸧ࡀ㧗ࡃࠊ⮬ᕫ㈨ᮏᑐࡍࡿ㈇മẚ⋡㸦ྠ Amount of debt to new stock worth㸧ࡀపࡃࠊከᵝ࡞ࣃ࣮ࢺࢼ࣮ඹྠ࡛ࣀ࣮࣋ࢩࣙࣥάືࢆᐇ㸦ྠ Collaboration breadth㸧ࡍ ࡿᴗ࡛ࠊ◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࢆࢫࢸ࣮ࢪᆺ࡛ᐇࡍࡿഴྥࡀ㧗࠸ࠋୖ༨ࡵࡿ◊✲㈝ࡀ 1%࣏ ࣥࢺୖ᪼ࡍࡿࠊࢫࢸ࣮ࢪᆺ࡛ࣉࣟࢪ࢙ࢡࢺ⟶⌮ࢆ⾜࠺☜⋡ࡀ⣙34㹼41%ୖ᪼ࡍࡿࠋᴗඹྠ࡛ ࣀ࣮࣋ࢩࣙࣥάືࢆ⾜࠺ࠊࡋ࡞ࡗࡓẚ࡚ࠊࢫࢸ࣮ࢪᆺ⟶⌮ࡢᐇ☜⋡ࡀ⣙23㹼29 ࣏ࣥࢺ ୖ᪼ࡍࡿࠋ㈇മẚ⋡ࡀ⣙㸯%࣏ࣥࢺῶᑡࡍࡿࠊࢫࢸ࣮ࢪᆺ⟶⌮ἲࡢᐇࡣ⣙ 9㸣ୖ᪼ࡍࡿࠋ◊✲㛤 Ⓨࡣ☜ᐇ࡞άື࡛࠶ࡿࡢ࡛ࠊ㈨㔠ไ⣙┤㠃ࡋ࡚࠸ࡿᴗ࡛ࡣࠊ㛤ጞⅬࡢࣉࣟࢪ࢙ࢡࢺᩘࢆῶࡽࡋ ࡓᑠつᶍ࡞◊✲㛤Ⓨࢆ⾜࠺ྍ⬟ᛶࡀ᥎ᐹࡉࢀࡿࠋ ⾲㸯㸸ࢫࢸ࣮ࢪᆺ⟶⌮ἲࡢỴᐃせᅉ
dy/dx s.e. dy/dx s.e. dy/dx s.e. dy/dx s.e.
Log of employees(2012) 0.023 ** 0.010 0.019 * 0.011 0.024 ** 0.011 0.022 0.018
Log of number of market 0.045 0.030 0.003 0.033 0.036 0.031 0.030 0.035
R&D/Sales (2014) 0.414 ** 0.183 0.337 * 0.179 0.354 * 0.181 0.339 * 0.187
Collaboration Breadth 0.275 *** 0.051 0.235 *** 0.057 0.282 *** 0.052 0.293 *** 0.062
Amount of debt to new stock worth -0.095 * 0.054 -0.093 * 0.054 -0.092 * 0.055 -0.099 * 0.059
ROA 0.059 0.070 0.049 0.069 0.059 0.070 0.051 0.071
Financial institutions -0.041 0.053 -0.050 0.057 -0.045 0.054 -0.118 0.081
Family members of founders 0.055 * 0.030 0.044 0.032 0.062 ** 0.030 0.072 ** 0.033
Educational backgroud: Graduate shools 0.086 0.027 0.084 0.129 0.085 0.130 0.096 0.159
Educational background: Universities -0.001 0.027 0.011 0.029 0.005 0.028 -0.014 0.030
Supplier network 0.011 0.013 0.016 0.014 0.012 0.013 0.004 0.015 Buyer network -0.003 0.013 0.000 0.013 -0.005 0.013 -0.014 0.016 Industry dummies Nb. Of observations 1,316 1,419 1,174 Log likelihood -883.685 -942.264 -792.614 Chai^2 *** 54.61 *** 78.440 *** 42.230 *** Psuedo R^2 0.030 0.040 0.026 *Significant at 10%, ** at 5%, *** at 1%. -971.285 86.23 0.043
All firms Subsample 1 Subsample 2 Subsample 3
Yes 1,468 ⾲㸰㸸ࢫࢸ࣮ࢪᆺ⟶⌮ἲࡀࣀ࣮࣋ࢩࣙࣥᡂᯝ࠼ࡿᙳ㡪㸦ฎ⨨⩌࠾ࡅࡿᖹᆒฎ⨨ຠᯝ㸧
All firms Implement in staged projectmanagement 0.070 ** 0.072 ** 2.273 ** 2.192 *** s.d. 0.036 0.031 1.033 0.721 Implement in staged project
management 0.061 * 0.071 ** 2.322 * 1.674 ** s.d. 0.036 0.031 1.246 0.790 Implement in staged project
management 0.112 *** 0.060 ** 3.095 ** 1.938 ** s.d. 0.036 0.031 1.401 0.958 Implement in staged project
management 0.082 * 0.075 ** 3.174 *** 1.727 * s.d. 0.042 0.034 1.221 0.920
Staged project management: firms have abandoned or hold ongoing projects.
For propensity score matching treatment effect estimations with using all firms, we exclude 17 observations of which the absolute difference in the score is more than 0.03. We exclude 9 observations on the estimation with subsample 1, 11 obserations with subsample 2, and 4 observations with subsample 3, in the same manner.
Sales ratio of new-to-market products
Subsample 1
Subsample 2
Subsample 3
New-to-firm products New-to-market products Sales ratio of new-to-firmproducts
⾲ ࡣࠊࢫࢸ࣮ࢪᆺ⟶⌮ἲࡢᐇࡀࣀ࣮࣋ࢩࣙࣥࡢᡂᯝཬࡰࡍຠᯝࢆ♧ࡋ࡚࠸ࡿࠋ⾲ ♧ࡍ ࠾ࡾࠊ᥎ᐃ⤖ᯝࡣᮏ✏ࡢ ⠇࡛㏙ࡓ௬ㄝ +㸯㹼+㸱ࢆᨭᣢࡍࡿࡶࡢ࡛࠶ࡿࠋࢫࢸ࣮ࢪᆺࣉࣟࢪ࢙ࢡࢺ⟶ ⌮ࢆᐇࡋ࡚࠸ࡿᴗࡣࠊᒓᛶࡢ㏆࠸㠀ᐇࡢᴗẚࠊᖹᆒⓗࣉࣟࢲࢡࢺ࣭ࣀ࣮࣋ࢩࣙࣥࡢᐇ ⌧☜⋡ࡀ⣙ 㸣㧗ࡃࠊୖ⋡ࡶ⣙ 㸣ᨵၿࡋ࡚࠸ࡿࠋࣉࣟࢲࢡࢺ࣭ࣀ࣮࣋ࢩࣙࣥࡢ᪂つᛶ╔┠ࡍࡿ ࠊᴗࢆᑐ㇟ࡋࡓࢧࣥࣉ࡛ࣝࡣࠊᕷሙ᪂つࣉࣟࢲࢡࢺ㸦⾲ ࡢ 1HZWRPDUNHWSURGXFWV ࢆᣦࡍ㸧
2E15.pdf :4 ࢆᕷሙᑟධࡍࡿ☜⋡ࡣࠊ㠀ᕷሙ᪂つࣉࣟࢲࢡࢺ㸦ྠ 1HZWRILUPSURGXFWV ࢆᣦࡍ㸧ࡢᑟධẚ࡚ ⣙ 㸣࣏ࣥࢺ㧗࠸ࠋୖ⋡࡛ࡳࡿࠊᕷሙ᪂つࣉࣟࢲࢡࢺࡣ㠀ᕷሙ᪂つࣉࣟࢲࢡࢺẚ࡚ࠊୖ ⋡ࡣ 㸣࣏ࣥࢺῶᑡࡋ࡚࠸ࡿࠋᕷሙ᪂つࣉࣟࢲࢡࢺࡢᴗᖹᆒୖ⋡ࡣ 㸣㸦㠀ᕷሙ᪂つࣉ ࣟࢲࢡࢺࡢᖹᆒୖ⋡ࡣ 㸣㸧࡛࠶ࡿࡇࡽࠊࢫࢸ࣮ࢪᆺ࡛◊✲㛤Ⓨࢆ㐍ࡵࡿࡇ࡛ࠊࡁ࡞⤒῭ ⓗᡂᯝࢆᐇ⌧ࡋ࡚࠸ࡿゎ㔘ࡍࡿࡇࡶ࡛ࡁࡿࠋ ୍㒊ࡢࢧࣥࣉࣝ㸦⾲ ࡢ 6XEVDPSOH㹼㸧࡛ࡣࠊ㠀ᕷሙ᪂つࣉࣟࢲࢡࢺࡢᑟධ☜⋡ࡀᕷሙ᪂つࣉࣟࢲ ࢡࢺࡢᑟධ☜⋡ࢆୖᅇࡾࠊୖ⋡ࡢᕪࡶᣑࡋ࡚࠸ࡿࠋࡇࢀࡽࡢ⤖ᯝࡣࠊࣉࣟࢲࢡࢺ࣭ࣀ࣮࣋ࢩࣙࣥ ࡢ᪂つᛶࡣࠊᴗ✀ࡸᴗつᶍࡼࡗ࡚ᕪ␗ࡀ࠶ࡿࡇࢆ♧၀ࡋ࡚࠸ࡿࠋ ࠾ࢃࡾ ᮏศᯒࡢ⤖ᯝࠊࢫࢸ࣮ࢪᆺ࡛ࣉࣟࢪ࢙ࢡࢺࢆ⟶⌮ࡋ࡚࠸ࡿᴗࡣࠊᒓᛶࡢ㏆࠸㠀ᐇࡢᴗẚࠊ ᪂〇ရࡢᐇ⌧☜⋡ࡸୖ⋡ࡀᨵၿࡋ࡚࠸ࡿࡇࡀ☜ㄆ࡛ࡁࡓࠋࢫࢸ࣮ࢪᆺ⟶⌮ἲࡢせᅉศᯒ࡛ࡣࠊ◊✲ 㛤Ⓨ㞟⣙ᗘ࠾ࡼࡧከᵝ࡞እ㒊▱㆑ࡢά⏝ࡀṇ࡛ࡁ࡞ࣥࣃࢡࢺࢆ᭷ࡋ࡚࠸ࡓࠋ㈇മẚ⋡ࡣ◊✲ࣉࣟࢪ ࢙ࢡࢺࡢ୰Ṇ࣭⥅⥆࣐ࢼࢫస⏝ࡋࠊ㈨㔠ไ⣙┤㠃ࡍࡿᴗ࡛ࡣࠊ⥅⥆ࣉࣟࢪ࢙ࢡࢺᩘࢆῶࡽࡋ ࡓᑠつᶍ࡞ࣀ࣮࣋ࢩࣙࣥάືࢆ⾜࠺ྍ⬟ᛶࡀ♧ࡉࢀࡓࠋ◊✲㛤Ⓨᢞ㈨ࡸ⤌⧊እࡢ▱㆑࡞ࡢࣀ࣮࣋ ࢩ࣭ࣙࣥࣥࣉࢵࢺࢆቑࡸࡍࡇࡀ࡛ࡁࡿᴗ࡛ࡣࠊࢫࢸ࣮ࢪᆺ⟶⌮ࢆᐇࡍࡿഴྥࡀ㧗ࡃࠊࡇࡢ⟶⌮ ἲࡢᐇࡼࡾࠊ᪂つᛶࡢ㧗࠸〇ရࢆᐇ⌧ࡋࡸࡍࡃ࡞ࡗ࡚࠸ࡿ᥎ ࡉࢀࡿࠋ ◊✲㛤Ⓨࡣ☜ᐇᛶࡢࡁ࠸άື࡛࠶ࡿࡀࠊ◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࡢ㐍ᤖࢆẁ㝵ⓗ⟶⌮ࡍࡿᴗࡣࠊ ྠ⟶⌮࡛ᐇࡋ࡚࠸࡞࠸㸦ᒓᛶࡢ㏆࠸㸧ᴗẚ㍑ࡋ࡚ࠊ᪂つᛶ࣭┈ᛶࡢ㧗࠸〇ရࢆᕷሙᑟධࡋ࡚ ࠸ࡿࠋ0DQVRࡀᣦࡍࡿࡼ࠺ࠊᴗࡢ࡞ࡣ୍ᗘጞࡵࡓࣉࣟࢪ࢙ࢡࢺࢆ୰Ṇࡍࡿࡢࡀ㞴ࡋ࠸ ⤌⧊ࡀ࠶ࡿࠋᮏ◊✲ࡢ⤖ᯝࡣࠊᐇົᑐࡋࠊኻᩋࢆチᐜ࡛ࡁࡿ⤌⧊ࡀࣀ࣮࣋ࢩࣙࣥ㐺ࡋ࡚࠸ࡿࡇ ࢆ♧၀ࡋ࡚࠸ࡿࠋࡲࡓࠊᮏ◊✲ࡢ⤖ᯝࡣࠊࣀ࣮࣋ࢩࣙࣥ㐺ࡋࡓ◊✲ຓᡂࡢ♧၀ࡶ࠼࡚࠸ࡿࠋ ☜ᐇᛶࡢ㧗࠸◊✲㡿ᇦࡢຓᡂ࡛ࡣࠊࣉࣟࢪ࢙ࢡࢺ㛤ጞⅬࡢ୍ᡶ࠸࡛ࡣ࡞ࡃࠊ㏵୰ᡂᯝࢆࣔࢽࢱࣜ ࣥࢢࡋ࡞ࡀࡽ」ᩘᅇศࡋ࡚㈨㔠ࢆ౪⤥ࡍࡿ᪉ࡀࠊ⏬ᮇᛶ࠶ࡿࣉࣟࢲࢡࢺ࣭ࣀ࣮࣋ࢩࣙࣥࡢฟࢆ ಁࡍࠋ ᭱ᚋṧࡉࢀࡓㄢ㢟ࡘ࠸࡚⡆₩㏙ࡿࠋᮏ◊✲ࡣࣉࣟࢪ࢙ࢡࢺࡢ⟶⌮ἲࣀ࣮࣋ࢩࣙࣥฟࡢ ᅉᯝ㛵ಀࢆ♧၀ࡍࡿࡶࡢ࡛ࡣ࠶ࡿࡀࠊᮏ◊✲࡛⏝࠸ࡓศᯒᯟ⤌ࡳ࡛ࡣࠊ୧⪅㛫ࡢᅉᯝ㛵ಀᑐࡋ࡚᫂ᛌ ࡞ᅇ⟅ࢆᚓࡿࡇࡣ࡛ࡁ࡞࠸ࠋࣉࣟࢪ࢙ࢡࢺࡢ୰Ṇ࣭⥅⥆ࡣ◊✲㛤Ⓨࣉࣟࢪ࢙ࢡࢺࡢ⟶⌮ἲ㉳ᅉࡍࡿ 㒊ศࡶ࠶ࡿࡀࠊලయⓗ࡞⟶⌮ἲࡢ୰㌟ࢆ▱ࡿࡇࡣ࡛ࡁ࡞࠸ࠋᮏ◊✲ࡢࡼ࠺࡞⤫ィศᯒຍ࠼ࠊᐃᛶⓗ ࡞ศᯒࡸࣥࢣ࣮ࢺㄪᰝ࡞ࡢ⤌ྜࡏࡼࡿヲ⣽࡞ศᯒࡀᚲせ࡛࠶ࡿࠋ ཧ⪃ᩥ⊩ $QGULHV3DQG+XQHUPXQG6WDJLQJLQQRYDWLRQSURMHFWV:KHQ'RHVLWSD\RII"=(: 'LVFXVVLRQ3DSHU1R
'DKL\D 6 DQG . 5D\ 6WDJHG LQYHVWPHQWV LQ HQWUHSUHQHXULDO ILQDQFLQJ -RXUQDO RI &RUSRUDWH)LQDQFH
0DQVR*0RWLYDWLQJ,QQRYDWLRQ-RXUQDORI)LQDQFH
0DQVR*&UHDWLQJLQFHQWLYHVIRULQQRYDWLRQ&DOLIRUQLD0DQDJHPHQW5HYLHZ 6FKLOOLQJ 0$ 6WUDWHJLF 0DQDJHPHQW RI 7HFKQRORJLFDO ,QQRYDWLRQ WK HGLWLRQ 0F*UDZ+LOO1<
⛉Ꮫᢏ⾡࣭Ꮫ⾡ᨻ⟇◊✲ᡤࠕ➨ ᅇᅜࣀ࣮࣋ࢩࣙࣥㄪᰝ⤫ィሗ࿌ࠖ1,67(35(32571R ᩥ㒊⛉Ꮫ┬⛉Ꮫᢏ⾡࣭Ꮫ⾡ᨻ⟇◊✲ᡤ㸬