Analysis of Success Factors for Technology Commercialization using Meta-Analytic Structural Equation Modeling

The purpose of this study is to identify core influencing factors of technology commercialization at a firm level in Korea and to propose a comprehensive model of a successful technology commercialization process. The data was collected from 70 studies selected through a systematic literature review, and two meta-analytic methods were applied to analyze these data. First, we analyzed the data by a meta-analysis(MA) method and identified six key factors influencing the success of the technology commercialization. The results of meta-analysis showed 0.3672 of correlation coefficient as overall average effects size which corresponded to a high side of medium effect. Next, we conducted a meta-analytic structural equation modeling(MASEM) to test relationships among these variables and to present a conceptual model of technology commercialization. The adjusted model showed a better fit to the data and significant path coefficients, and thus was adopted as the final research model of technology commercialization of the present study.