Next Article in Journal
Valuation of FinTech Innovation Based on Patent Applications
Next Article in Special Issue
Management Strategies and Collaborative Relationships for Sustainability in the Agrifood Supply Chain
Previous Article in Journal
Advance Purchase Discounts for Supply Chain Finance System Coordination
Previous Article in Special Issue
Analysis of Intermodal Transport Potentials for Vegetables Export from Southeast Spain
 
 
Font Type:
Arial Georgia Verdana
Font Size:
Aa Aa Aa
Line Spacing:
Column Width:
Background:
Article

Exploring Factors Affecting Sustainable Innovation Performance of Food Firms. A Case of Korean Food Industry

Department of Biomedical Convergence, College of Medicine, Chungbuk National University, Cheong-Ju 28644, Korea
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(23), 10157; https://doi.org/10.3390/su122310157
Submission received: 10 October 2020 / Revised: 18 November 2020 / Accepted: 2 December 2020 / Published: 4 December 2020

Abstract

This study examines the influence of government support, research and development (R&D) investment and cooperation networks on sustainable innovation performance of the medium-sized food firms in South Korea. Climate change, population growth, lifestyle change and consumer demands for new products allow firms to explore innovation for sustainable growth. In the food industry, where various stakeholders are involved in the value chain, government support, R&D investment and cooperation are affecting firms’ sustainable performance. However, there are few empirical studies that examine the relationship among them, especially regarding medium-sized food firms. This study aimed to analyze data regarding Korean food firms through a structural equation model. To overcome data scarcity, this study collected new data for 67 medium-sized food firms. The data is matched with the firms’ 10-year data on management, innovation performance, and cooperation networks. This study can contribute to filling the literature gap by exploring what innovation strategies should be used to improve food SMEs’ innovation performance in the latecomer countries, which have developed their food industries relatively recently.
Keywords: food industry; latecomer country; government support; alliance with university; alliance with firm; sustainable innovation performance food industry; latecomer country; government support; alliance with university; alliance with firm; sustainable innovation performance

Share and Cite

MDPI and ACS Style

Jeong, H.; Shin, K. Exploring Factors Affecting Sustainable Innovation Performance of Food Firms. A Case of Korean Food Industry. Sustainability 2020, 12, 10157. https://doi.org/10.3390/su122310157

AMA Style

Jeong H, Shin K. Exploring Factors Affecting Sustainable Innovation Performance of Food Firms. A Case of Korean Food Industry. Sustainability. 2020; 12(23):10157. https://doi.org/10.3390/su122310157

Chicago/Turabian Style

Jeong, Harry, and Kwangsoo Shin. 2020. "Exploring Factors Affecting Sustainable Innovation Performance of Food Firms. A Case of Korean Food Industry" Sustainability 12, no. 23: 10157. https://doi.org/10.3390/su122310157

APA Style

Jeong, H., & Shin, K. (2020). Exploring Factors Affecting Sustainable Innovation Performance of Food Firms. A Case of Korean Food Industry. Sustainability, 12(23), 10157. https://doi.org/10.3390/su122310157

Note that from the first issue of 2016, this journal uses article numbers instead of page numbers. See further details here.

Article Metrics

Back to TopTop