Jung, Jae Wook; Kim, Hyunsoo - In: East Asian Economic Review (EAER) 26 (2022) 4, pp. 257-277
Does servitization improve manufacturing firms'performance, and in what condition? Following Crozet and Milet (2017)'s seminal work, this study analyzes disaggregated firm-level data that covers 40,000 South Korean manufacturing firms surveyed by the Survey of Business Activities of Korea. We...