Journal of Digital Convergence (디지털융복합연구)

The Society of Digital Policy and Management (한국디지털정책학회)
권호 표지
DOI QR코드

DOI QR Code

An Empirical Study on the Effect of Win-Win Growth Activity on Management Performance

동반성장 활동이 경영성과에 미치는 영향 연구

  • Shin, Young-Mi (Business Consulting, Pusan National University) ;
  • Lee, Chan-Ho (Dept. of Business Administration, Pusan National University)
  • Received : 2018.02.20
  • Accepted : 2018.07.20
  • Published : 2018.07.28
Download PDF
⟨ Previous Next ⟩

Abstract

The purpose of this study is to investigate the impact of win-win growth activity of domestic large firms on their management performance. we classified the management performance into four factors such as ROE(Return On Equity), ROA(Return On Assets), net income to net sales and operating income to sales. The finding of this study is outlined as follows. This paper show that the win-win growth activity has a negative impact on the firms' management performance. This study shows that win-win growth activity could generate additional costs of business activity. So, we think that industrial policy is needed for expansion of win-win growth activity.

본 연구는 한국경제의 불공정 해소 방안으로 주목받고 있는 기업의 동반성장 활동이 기업의 경영성과에 미치는 영향을 실증적으로 분석함으로써 동반성장 활동이 기업 경영에 미치는 영향을 검증하고자 하였다. 연구기간은 2011년부터 2015년까지이며, 가설을 검증함에 있어 동반성장 활동기업의 표본구성의 특성을 고려하여 전체 상장기업을 대상으로 한 연구표본과 동반성장 활동기업만을 대상으로 한 연구표본으로 각각 구분하여 다중회귀분석을 통해 연구가설을 검증하였다. 분석결과, 기업의 동반성장 활동수준(W-W Index_N)과 경영성과(ROA, ROE, 매출액영업이익률)는 5% 유의수준에서 음(-)의 관련성을 나타냈다. 또한, 기업의 동반성장 활동수준(W-W Index_N)과 경영성과(매출액순이익률)는 10% 유의수준에서 음(-)의 관련성을 나타냈다. 이는 기업의 동반성장 활동이 기업의 비용 증가로 이어져 경영성과에는 부정적인 영향을 미치는 것으로 해석할 수 있다. 따라서 본 연구에 따르면 동반성장 활동의 촉진 및 장려를 위한 국가당국의 정책적 고려가 필요할 것으로 판단된다. 한편, 본 연구는 동반성장 활동의 초기 실증연구로, 향후 동반성장 활동이 더욱 활발해짐에 따라 이에 따른 추세변화 후속연구도 필요할 것으로 기대된다.

Keywords

References

  1. Y. M. Shin. (2017). The Impact of Firm's Win-Win Growth Activity on Management performance and value relevance of management performance information. Doctoral dissertation. Pusan National University, Pusan.
  2. J. H. Baek, S. B. Kwon & B. G. Choi. (2012). Evaluating the Impact of Win-Win Growth Policy Announcements between Large Firms and SMEs on the Market Value of Firms. Knowledge Management Research, 13(5), 139-160.
  3. J. H. Min & B. S. Kim. (2013). The Impact of Win-Win Growth Effort of Large Firms on Their Financial Performance. Korean Management Science Review, 30(2), 79-95. https://doi.org/10.7737/KMSR.2013.30.2.079
  4. B. S. Kim, S. I. Ha & J. H. Min. (2013). The Relationship between SCM Cash-To-Cash Cycle Time and Win-Win Growth: A Nonparametric Approach. Korean Journal of Logistics, 21(1), 35-49.
  5. S. W. Park. (2013). The Impact of Social Capital Development between 1st- and 2nd-Tier Suppliers on the 1st-Tier Suppliers' Willingness of Shared Growth and Performance. Korean Production And Operations Management Research, 23(4), 513-535.
  6. H. J. Song & M. Y. Lee. (2016). The Effects of Large Firms' Win-Win Growth Activity on SMEs' Business Performance: A Case Study on the Global Hidden Champion Nurturing Program by Samsung Electronics. The Accounting Research, 25(5), 113-139.
  7. R. Atiase. (1985). Predisclosure Information Firm Capitalization and Security Price Behavior Around Earnings Announcements. Journal of Accounting Research, 23, 21-36. https://doi.org/10.2307/2490905
  8. S. K. Fleak & E. R. Wilson. (1994). The Incremental Information Content of the Going-concern Audit Opinion. Journal of Accounting, Auditing and Finance, winter, 149-166.
  9. F. L. Jones. (1996). The Incremental Content of the Auditor's going-concern Evaluation. Journal of Accounting and Public Policy, 15, 1-27. https://doi.org/10.1016/0278-4254(95)00062-3
  10. A. D. Blay & M. A. Geiger. (2001). Market Expectation for First-Time Going-Concern Recipients. Journal of Accounting, Auditing and Finance, 209-226.
  11. M. DeFond & J. Jiambalvo. (1994). Debt Covenant Violation and Manipulation of Accruals. Journal of Accounting and Economics, 17(January), 145-176. https://doi.org/10.1016/0165-4101(94)90008-6
  12. P. Healy & K. Palepu. (1993). The Effect of Firm's Financial Disclosure Policies on Stock Prices. Accounting Horizons, 7(March), 1-11.
  13. R. Morck, A. Shleifer & R. Vishny. (1988). Management Ownership and Market Valuation : An Empirical Analysis. Journal of Financial Economics, 20, 293-316. https://doi.org/10.1016/0304-405X(88)90048-7
  14. T. Mitton. (2002). A Cross-Firm Analysis of the Impact of Corporate Governance on the East Asian Financial Crisis. Journal of Financial Economics, 64, 215-241. https://doi.org/10.1016/S0304-405X(02)00076-4
  15. J. S. Baek, J. K. Kang & K. S. Park. (2004). Corporate Governance and Firm Value: Evidence Form the Korean Financial Crisis. Journal of Financial Economics, 71, 265-313. https://doi.org/10.1016/S0304-405X(03)00167-3
  16. H. D. Choi & J. W. Yoon. (2007). The Effects of Distinguishing Venture Firms from Non-Venture Firms and the Length of Their Listings on the Kosdaq Stock Market on the Value Relevance of Accounting Information. The Management Research, 22(1), 149-174.
  17. T. H. Doh & H. W. Joh. (2013). The Effect of Economic Crisis and Listing Period of Firms on the Value Relevance of Accounting Information. Korean Journal of Business Administration, 26(2), 453-474.
  18. Y. K. Yoon & K. J. Yoon. (2017). Optimizing Workforce Structure in Public Sector: the System Dynamics of Employment Planning in Australia. Journal of Industrial Convergence, 15(2), 1-6. https://doi.org/10.22678/JIC.2017.15.2.001