Abstract
In this study we investigate the impact of policy and regulatory system on the efficiency of broadcasting and telecommunication firms using bootstrapping data envelopment analysis and tobit regression. The result of this study shows that the innovation policy of Korean government has negative effect on innovation efficiency of broadcasting and telecommunication firms. And it is necessary to relax the regulation on autonomy of management for broadcasting and telecommunication firms. Furthermore, financial support is most important policy to improve the efficiency of broadcasting and telecommunication firms.
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