본 연구는 2023년 중소기업 기술통계조사 데이터를 바탕으로, 혁신형 중소기업의 R&D 투자 강도, R&D 인력 비중, R&D 외부 협력 범위가 재무적 및 비재무적 혁신성과에 미치는 영향에 대한 업력의 조절 효과를 실증적으로 분석하였다. 재무적 성과는 R&D에 의한 매출 비율로 측정되었으며, 토빗 회귀분석(tobit regression analysis)을 통해 분석하였다. 비 재무적 성과는 지식재산권 보유 및 등록 현황으로 측정되어 음이항 회귀모형(negative binomial regression model)을 활용하여 분석하였다. R&D 투자 강도와 R&D 인력 비중은 재무적 혁신 성과에 유의미한 긍정적 영향을 미치며, 업력과의 상호작용 효과 또한 통계적으로 유의미하게 나타났다. 반면, R&D 외부 협력 범위는 재무적 혁신 성과에 직접적인 영향을 미치지 않았으나, 업력과의 상호작용에서는 유의미한 긍정적 효과가 확인되었다. 비재무적 혁신 성과의 경우, R&D 투자 강도는 유의미한 영향을 미치지 못했으나, 업력의 조절 효과는 젊은 기업에서 더 큰 영향을 미치는 것으로 나타났다. R&D 인력 비중은 비재무적 성과에 부정적 영향을 미쳤으나, 젊은 기업에서는 학습 속도와 흡수 능력을 통해 이러한 부정적 효과가 완화되었다. R&D 외부 협력 범위는 비재무적 성과에 긍정적 영향을 주었으며, 협력 범위와 비재무적 성과 간 역 U자형 관계가 존재함을 확인하였다.

In order to provide priorities of the factors affecting the introduction of Smart Factory, This study reconstructed the factors and calculated the priorities through AHP (Analytic Hierarchy Process). The first layer of the hierarchy have 4 factors; productivity increase, brand image improve, marketing improve, cost reduction. The second layer of the hierarchy have 3 factors belong to the first layer, so the total number of second layer is 12. We divided the characteristics of enterprises into type of manager and age. The C.R. (consistency ratio) values of the respondents were found to be less than 0.1 and were judged to be a 'reasonable test'. As a result, the weights of the higher layer and the lower layer were obtained respectively, and then the weights of the higher layer and the weights of the lower layer were multiplied to obtain the total weights. Unlike previous studies that only surveyed factors that companies consider when introducing smart factory, (1) weighing and prioritizing factors were achieved. There are differences in priorities, (2) smart factory can be studied with the type of manager and firm age. When establishing policies, it is a practical implication (3) to assess its strategy not only for government officials but also for executives.

Most Korean companies in the fashion industry are SMEs, and the role of the CEO and management ownership is important for enhancing the firm’s competence and developing strategies. The study aims to examine the effect of management ownership on company financial growth. In particular, the study focuses on the moderating effect of company age and size on Korean fashion SMEs’ financial outcomes. Financial data based on company financial statements from 2012 to 2014 was collected by the Data Analysis, Retrieval and Transfer System of Korea’s Financial Supervisory Service. A total of 295 companies’ (domestic fashion businesses) data was analyzed by the bootstrap method. The median sales value in the financial year 2014 was 47,492,403,958 KRW, and the company size was divided by it. The companies were in business for an average of 20 years. According to the results, the management ownership had a negative effect on Compound Annual Growth Rate (CAGR) for the three-years, and the relationship between the two variables was moderated by company age. Additionally, the interaction effect of management ownership and company age on 3-CAGR was also moderated by company size. When the companies had spent only a few years in business, a negative effect of management ownership for small firms and a positive effect of management ownership on financial growth for medium firms were found. These results suggest that small companies starting business need to manage their company governance structure to make flexible decisions, and after retaining financial growth, the companies can expand their businesses based on strong ownership.