Does Ownership Structure Matter for Firm Technological Innovation Performance? The Case of Korean Firms

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Ownership structure and innovation: An emerging market perspective (2013, background): “Previous studies have tended to treat different ownership categories separately, for example by including a variable for percentage ownership by the state or by foreign entities (Choi et al., 2011, 2012).”
Innovation and Family Ownership: Empirical Evidence from India (2014, background): “Furthermore, Choi, Park, and Hong (2012) argue that prior agency theory literature that addresses the role of ownership structure on innovation from the agency perspective does not capture the relationship in emerging markets.”
State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics (2017, background): “…linear effect of state ownership on innovation outcomes (or comparing SOEs with other types of firms) and thus only partially capture the impact of state ownership (e.g., Guan et al., 2009; Ayyagari, Demirgüc-Kunt, and Maksimovic, 2011; Choi, Lee, and Williams, 2011; Choi, Park, and Hong, 2012).”