본 연구의 목적은 고성과작업체계론을 통해 한국 기업의 작업장혁신 실태를 파악하고 나아가 작업장 혁신이 기업성과에 미치는 영향관계 그리고 이 관계에 대한 노사협의회 활성화 정도의 조절효과를 실증하는 것이다. 이를 위해 본 연구는 선행연구에 기반하여 고성과작업체계 및 노사협의회의 실태를 파악하기 위한 연구모형을 설계하고 1,180개 한국 기업에 대해 설문조사를 실시하였다. 분석결과는 다음과 같다. 우선 한국 기업의 고성과작업체계 수준은 240점 만점에 11

Although digital contents markets grow very rapidly and are known as a higher value added industry, there is also potential risk in producing digital contents. Thus, many firms have begun to produce a firm's digital contents by outsourcing from other companies in order to catch-up new technologies and to make stable profits. However, since contracts are decided mostly based on bidding price and also standard contract are not available, there is a limit on the benefit from the contents outsourcing. Thus, this study argues that if both contract factors such as contract concreteness and flexibility are well managed, the on-line digital contents will increase the performance of a firm. This study deals with the influence on the firm's performance by the outsourcing in contract factors based on the empirical analysis. Using regression analysis with these two dependent variables, the findings showed that the contract concreteness had positive effects on both cost improvement performance and efficiency improvement performance, but the contract feasibility only had positive effect on efficiency improvement performance. In addition, the result of the study showed that the contract performance of outsourcing the digital contents have a positive impact on the partnership intention.

This paper deals with an empirical analysis of the structural relationship among the factors such as quality management activities, organizational learning and firm performance of manufacturing corporations. The findings of the analysis are expected to make lots of contribution to manufacturing corporations establishing strategies for quality management activities and organizational learning. From the analysis, following conclusions and suggestions could be drawn: First, an analysis of the relationship between quality management activities and organizational learning showed that most activities of quality management turned out to exercise great influence upon the factors of organizational learning. This means that the activities of quality management will prompt the members of an organization to actively engage in learning activities individually, by team and organizationally, motivating them to spread such activities across the whole organization, leading ultimately to fundamental renovation of the very organization. Second, from an analysis of the relationship between organizational learning and firm performance, that is, financial and non-financial performances of a company, it was found that most factors of organizational learning have tremendous impact upon financial and non-financial performances of the company. Such result implies that decision and management of the things to be performed in the process of organizational performances are essential to determining firm performance because firm performance depend largely on the outcomes of organizational learning.

해외직접투자를 실시하기로 결정한 기업은 어느 국가 시장에, 언제, 어떠한 형태로 진입할 것인가 하는 문제에 직면하게 된다. 이 세 가지 사안에 따라 자원투입 수준과 해외직접투자의 궁극적인 성과에까지 영향을 미치게 되는 만큼 매우 중요한 문제이다. 그러나 다른 두 가지 문제에 비해 진입 시기에 대한 연구는 충분한 관심을 받지 못했다. 이러한 배경 하에, 본 연구는 국가시장의 불확실성이 진입시기와 진입방식에 미치는 영향을 분석함으로써 해외직접투자의 중요한 세 가지 사안을 연결시키고자 한다. 즉 진입 국가의 불확실한 환경이 진입시기와 진입방식에 미치는 효과를 실증적으로 조사하고, 이러한 관계 내에서의 기업자원이 가지는 조절효과 가능성을 발견하며, 진입시기와 진입방식이 상호작용하여 성과에 미치는 영향을 조사하여 기업의 해외시장 진입전략에 관한 결정요인과 결과를 포함하는 통합적인 프레임워크를 제시하고자 한다. 본 연구의 표본은 한국증권거래소에 상장된 기업들의 해외시장진출케이스로 구성되었으며, 가설검증을 위해 중재회귀분석을 실시하였다. 분석 결과, 기업들은 불확실성이 높은 시장으로는 진입시기를 늦추는 경향이 있지만, 기술적 자원이 풍부한 기업에서는 이러한 관계가 약해지는 것으로 나타났다. 한편, 진입시기와 기업성과의 관계에서는 진입방식의 조절효과가 발견되었다.

From the research which sees hereupon the importance - observes a satisfaction analysis about enterprise environment and support policy of the disability firm and the positive promotes under planning boil the competitive power improvement of the disability firm the fact that the activity of the disability firm and with aim.

  For a sustainable development, the resources circulation system should be established and required alternative logistics area of enterprises. In this paper, we are to suggest a direction through analysis effects, and reduce, recycle, reuse factor of tra

  This paper attempts to identify empirically whether the certification of Quality Management System affects positively to firm performance using the sample sets of 200 SMEs in Korea who have adopted ISO 9000 majoring in the domestic markets as well as th

A considerable number of corporations seem to be deeply interested in Quality Management as a tool to improve competitive advantage of their products. Especially, under dynamic management circumstances recently, acquisition of ISO (International Organization for Standardization) certification for domestic corporations could have great impact on outcomes, and it becomes even more important for corporations depended largely on exports. However, it is not simply acquisition of ISO certification itself that gives dominant competitive advantage, and effects of acquiring ISO certification on every corporation are different. On this study, I would like to examine how purpose and goal for ISO 9000 influence on outcomes later on, and how CEO’s concern and the corporation’s capability could change the outcomes after all. As a result of the study, importation of ISO 9000 for the purpose of ensuring competitive advantage of products, standardization of quality management system, and benefits in the short run showed a positive affects on outcomes. Also, the relationship between purpose of acquiring ISO 9000 and outcomes became more connected as the manager’s interest increased, and a greater capability of a corporation caused a greater effect on improvement of productivity and image of the corporation.

학습조직이란 지식을 창출하고 습득하고 이전하는 기술이 뛰어나고 또한 새로운 지식과 통찰력을 기업 경영에 반영하기 위하여 행동을 바꾸는데 익숙한 조직을 의미한다. 실증 분석 결과는 단순히 다국적기업의 각 부분간에 정보와 지식의 교환이 일어난다고 해서 경영성과가 개선되는 것은 아니며 다국적 기업의 각 부분간에 생산제품과 생산공정에 유사성이 있을 경우에만 의미 있는 지식의 교환이 이루어져 경영성과를 개선할 수 있다는 것을 시사한다. 매출증가율을 종속변수로 한 회귀분석 결과는 생산제품과 생산공정의 유사성이 전제되지 않은 상황에서 다국적기업의 각 부분간에 무조건 정보와 지식을 교환하면 오히려 경영성과를 악화시킬 수 있음을 보여 준다. 실증분석 결과는 또한 글로벌 학습과 환경간의 상호작용은 우리 나라에 투자한 외국인 기업들의 경영성과에 영향을 미치지 못함을 보여 준다. 우리 나라 경제는 외환위기 이후 극히 소수의 국가들만이 겪어 본 격변을 겪고 있다. 실증분석 결과는 다국적 기업이 그동안 축적한 정보와 지식으로도 이와 같은 전례 없는 혼돈 상황을 효과적으로 대응하기가 매우 어렵다는 것을 시사한다 . 실증분석 결과는 또한 글로벌 학습 중에서 재무정보와 지식의 학습이 외국인 투자기업의 경영성과에 정의 영향을 미친다는 것을 보여 준다. 이는 재무지식과 정보는 문화 중립적이고 국경을 넘어서 가르칠 수 있고 이전할 수 있는 지식임을 시사한다. 한편 최근에 커뮤니케이션과 수송기술이 급속히 발전되고 WTO의 출현 등으로 각국 시장간의 상호의존성이 증가하자 글로벌 마케팅 개념이 학계와 업계에서 각광을 받고 있는 바 글로벌 마케팅의 기본 원리는 마케팅 정보와 지식은 국경을 넘어서 표준화되어야 한다는 것이다. 이는 마케팅 정보와 지식은 문화 중립적이며 국경을 넘어서 이전하기 쉽다는 것을 의미한다. 그러나 본연구에서는 마케팅정보와 지식의 이전을 대표하는 변수의 회귀계수가 부의 부호를 가진다. 이는 시장의 글로벌화에도 불구하고 마케팅 프로그램은 시장별로 그 시장에 맞게 적응 되어야 한다는 것을 시사한다.

In this paper we attempted to relate firm`s overall organizational strategy to its international strategy and to relate alternative strategies to firm performance. We argued that, although firm`s international strategy was important, it should be evaluated within its overall organizational strategy. The analyses generally supported that there were significant differences in international configuration and coordination among the three alternative overall organizational strategies. The findings suggest that the analysis of firm`s international strategy should be made within a broader framework of its organizational strategy. The analysis results also suggest that the alternative strategies would perform equally well, providing that the strategy was well implemented.

This study was conducted on financial data of 38 economic groups listed on Vietnam’s stock market for the period 2009 – 2019 and it aims to provide an empirical evidence on the impact of working capital management policy on performance in all phases of the economic cycle of Vietnamese economic groups. The study uses FGLS estimation method with 2 dependent variables ROA, GOP, independent variables including INV, AR, AP, CCC, dummy variable representing different phases of the economic cycle, variables Control includes CAT, CR, LEV, SZ, GR. Research shows that the greater the level of investment by companies in liquid assets corresponding to a certain level of activity (shown by average days of inventory (INV), average days of collection. (AR), cash flow cycle (CCC)) the lower the rate of return on assets. The study also provides additional evidence of the negative effects of economic crisis on the performance of economic groups. The study also shows that the number of short-term asset cycles has a positive impact on operational efficiency, and the level of debt use has a negative impact on operational efficiency. This result implies that the managers of economic groups can increase the efficiency of businesses through a reasonable working capital policy.

This research aims to examine (1) the effect of carbon emission disclosure on firm value, (2) the effect of good corporate governance on firm value, (3) the mediating role of financial performance between carbon emission disclosure and firm value, and (4) the mediating role of financial performance between good corporate governance and firm value. The research sample includes 43 mining, agro, and manufacturing firms listed in the Indonesian Stock Exchange over the 2015-2017 period. Carbon emission disclosure is measured by an indicator of the Global Reporting Initiative Series of Environmental Aspect. Good corporate governance is measured by the corporate governance score of shareholder rights, boards of directors, outside directors, audit committee and internal auditor, and disclosure to investors. Financial performance is measured by return on assets, while firm value is measured by Tobin’s Q. Data analysis uses the structural equation modeling. The result shows carbon emission disclosure and good corporate governance have no direct effect on firm value. On the other hand, financial performance mediates the effect of carbon emission disclosure and good corporate governance on firm value. It shows that higher carbon emission disclosure and good corporate governance are meaningless for the investor if they do not give any financial performance improvement.

The use of different proxies to measure good corporate governance (GCG) may be a probable cause of the mixed results. Therefore, the application of a new single measure to enhance comparable empirical studies is required. The purpose of this study is to examine the relationship between corporate governance and firm’s performance. This study involved all manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2014 to 2016 through purposive sampling with specific criteria. out of 144 qualified companies, 110 companies could be processed because of completed data in the form of financial information from their financial statements during the research period. The data were obtained from the official websites of IDX. This study applies a new measure of the corporate governance: the efficiency of the GCG. The corporate governance is calculated by relating inputs of components of the corporate governance and outputs of sales, assets and firm equity capital. By using financial data from firms listed on the Indonesian Capital Market, this study finds that the corporate governance significantly improved firm’s performance. More importantly, the study confirms and supports the new single measure of the GCG. This result is very important to avoid dealing with different indicators of the corporate governance.

A new business venture faces intense competition in a dynamic environment. To survive, new business ventures and established companies both need to generate creativity and significant new ventures to be highly competitive and have high levels of performance. In this study, we examined new business ventures that determined their competitiveness and performance generated from entrepreneurial creativity and mediated by ambidextrous innovation. This research used survey data collected from 143 Indonesian’s new business shipping agencies, which was collected using an online survey and analyzed through structural equation modeling. The results showed that entrepreneurial creativity in new business ventures is positively associated with competitive advantage but not significant to create a competitive advantage. In contrast, entrepreneurial creativity is positively associated with firm performance. This result indicates that efforts to generate entrepreneurial creativity are not sufficient to create a competitive advantage despite having a significant influence on firm performance. However, entrepreneurial creativity is significantly and positively associated with firm performance and competitive advantage when mediated by ambidextrous innovation. The findings of this study suggest that the competitive advantage of a new business venture in facing intense competition in a dynamic environment condition can be overcome by generating strategic action in the form of entrepreneurial creativity and ambidextrous innovation.

The purpose of this paper is to examine the relationship power distribution among several blockholders (contestability) and firm performance. We use a sample of 646 firms listed in the security markets of Korea from 2005 to 2007. Using different measures of contestability, we verify advance research literature by examining that, when power dispersion among several blockholders (contestability) increases, firm performance is enhanced. The results show that, when the possibility of a controlling coalition being formed among several blocks increases, the corporate value decreases. We also find that this relationship is even more significant in KOSDAQ. However, the smaller the competition of voting rights among blockholders, the higher the corporate performance in KOSPI. The reason for this seems to be that the two markets are different in terms of ownership and governance. This suggests that the effects of contestability among blockholders on firm performance depend on the type of the stock market. The results of this study expand the existing governance literature by analyzing the relationship between contestability among blockholders and firm performance in emerging markets such as Korea. Our findings contribute to policymakers and investors who are interested in the relationship between contestability of control and firm performance in the Korea stock market.

This paper aims to investigate the impact of chief executive officer’s (CEO) attributes on firms’ performance. Specifically, it examines the influence of CEOs’ education, professional experience, and tenure on Saudi firms’ performance. We look at a sample of 120 listed firms on Tadawul stock exchange from 2014 to 2017. Data on financial and accounting variables are obtained from the annual reports of the selected companies. We follow the existing empirical literature and use a panel model and formulate three different equations using the GMM estimator. Findings prove that CEO educational background does matter. In particular, companies employing CEOs with business administration, economics, finance, or accounting degree will perform outstandingly better. Similarly, stock performance gets improved when the CEO has a postgraduate qualification, i.e., when the CEO holds an MBA, a master, or a PhD degree. Besides, results reveal that executives who have an experience in a related field will positively affect the firm’s performance. Finally, evidence shows that high CEOs tenure improves corporate performance. Overall, these findings demonstrate that executives’ attributes are key factors that would explain differences in Saudi firms’ performance. These results would help shareholders to make the right decision in selecting CEOs to manage the company.

This study attempts to examine the relationships between transformational leadership, learning orientation, firm innovativeness, and financial performance. Specifically, the moderating effect of learning orientation and firm innovativeness. The data collected from 606 SMEs in Thailand were evaluated using the structural equation modeling, typifying that quantitative research. The results revealed that transformational leadership had a positive effect on learning orientation. Similarly, transformational leadership had a positive effect on firm innovativeness. Further, the study found that transformational leadership had a positive indirect effect on financial performance through the mediation of learning orientation. The results of the study found that transformational leadership had a positive indirect effect on financial performance through the mediation of firm innovativeness. Transformational leadership and learning orientation to improve innovation within the organization, including organizations and leaders among themselves. Especially, innovative firms inculcate ideals of promise to learning, open-mindedness, and shared vision. Furthermore, practitioners can use the findings of this study when they perform their role of leaders to challenge creativity and innovation among followers. Finally, those developments would influence a procedure of evidence procurement, evidence distribution and shared explanation that escalations equally individual and administrative effectiveness owing to its influence going on products.

This study investigates the relationship between related loan, ownership concentration and real estate firm performance. The data was collected from 35 real estate firms listed on Indonesia Stock Exchange from 2007 to 2012. Related loans are viewed from the angle of related lending and loan. Related lending and loan is measured by the related lending on total lending ratio and related loan on total loan ratio. Firm performance is measured by the asset turnover ratio and return on assets ratio. Ownership concentration is measured by the right cash flow. The data analysis was done with regression analysis and panel data. The results of the study found that related loans had a positive effect on sales but had no effect on profits. This supports the efficient transaction hypothesis. On the other hand, related lending has a positive effect on profits that supports opportunistic transactions. Ownership concentration moderates the effect of related loan on company’s performance. The related lending are beneficial for mutually supporting activities in the real estate sector business group in Indonesia, but related loans have the potential to be used in tunneling activities. The paper contributes to the related party transaction in benefits-risks of related lending and related loan in uncertainty context.