DOI QR코드

DOI QR Code

중소기업의 네트워크 역량과 특성이 시장성과와 재무성과에 미치는 영향

Effect of SMEs' Network Capabilities and Characteristics on Market Performance and Financial Performance

  • 배상완 (건국대학교 신산업융합학과) ;
  • 이동명 (건국대학교 신산업융합학과)
  • Sang-Wan Bae (Dept. of Advanced Industry Fusion, Konkuk University) ;
  • Dong-Myung Lee (Dept. of Advanced Industry Fusion, Konkuk University)
  • 투고 : 2024.04.09
  • 심사 : 2024.06.20
  • 발행 : 2024.06.28

초록

중소기업은 보유한 역량과 자원이 부족하기 때문에 외부에서 부족한 자원을 효과적으로 조달, 공유, 활용하여야 하며 이로 인해 외부 기관과의 네트워크의 중요성이 점차 커지고 있다. 본 연구에서는 중소기업의 네트워크 역량 및 네트워크 특성이 시장성과 및 재무성과에 미치는 영향을 검증하였다. 구조방정식 모형을 통해 가설을 검증한 결과 네트워크 역량은 부분적으로 재무성과에 유의미한 영향을 미치는 것으로 나타났으며, 강도, 규모, 다양성 등 네트워크 특성의 모든 하위요인이 재무성과에 영향을 미치는 것으로 나타났다. 또한 네트워크 역량과 네트워크 특성은 시장성과에 부분적으로 유의한 영향을 미치는 것으로 나타났다. 시장성과는 네트워크 역량과 재무성과의 관계에서 부분적으로 매개효과가 있고 네트워크 특성과 재무성과와 관계에서도 부분적으로 매개효과가 있는 것으로 나타났다. 본 연구는 기존 연구와 달리 네트워크 역량과 네트워크 특성이라는 두 가지 요인이 기업 성과에 미치는 영향을 동시에 분석하고, 재무성과의 선행요인으로 인식되고 있는 시장성과의 매개효과를 분석하여 새로운 연구 관점을 제시하였다.

Because small and medium-sized businesses lack capabilities and resources, they must effectively procure, share, and utilize scarce resources from outside, and as a result, the importance of networks with external organizations is gradually increasing. In this study, we verified the influence of small and medium-sized enterprises' network capabilities and network characteristics on market performance and financial performance. As a result of testing the hypothesis through a structural equation model, network capabilities were found to have a significant partial impact on financial performance, and all sub-factors of network characteristics such as strength, size, and diversity were found to affect financial performance. Additionally, network capabilities and network characteristics were found to have a significant partial effect on market performance. Market performance was found to have a partial mediating effect in the relationship between network capabilities and financial performance, and a partial mediating effect in the relationship between network characteristics and financial performance. Unlike previous studies, this study simultaneously analyzed the impact of two factors, network capabilities and network characteristics, on corporate performance and presented a new research perspective by analyzing the mediating effect of market performance, which is recognized as a leading factor in financial performance.

키워드

참고문헌

  1. M. Daradkeh, W. Mansoor. (2023). The impact of network orientation and entrepreneurial orientation on startup innovation and performance in emerging economies: The moderating role of strategic flexibility. Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 100004. DOI : 10.1016/j.joitmc.2023.02.001 
  2. C. H. Lee, S. W. Kim, and D. M. Lee. (2020). The Impact of Absorptive Capacity of SMEs and Venture Firms on R&D Capacity and Technology Commercialization Capacity, Journal of the Korea Management Engineers Society, 25(4), 139-155. 
  3. K. Wenke, F. B. Zapkau and C. Schwens. (2021). Too Small to Do It All? A Meta-Analysis on the Relative Relationships of Exploration, Exploitation, and Ambidexterity with SME Performance. Journal of Business Research, 132, 653-665. DOI : 10.1016/j.jbusres.2020.10.018 
  4. B. Barringer, and R. D. Ireland. (2019). Entrepreneurs successfully launching new ventures. London, UK : Pearson Education Limited. 
  5. V. Gilsing, and B. Nooteboom. (2005). Density and strength of ties in innovation networks: an analysis of multimedia and biotechnology. European Management Review, 2(3), 179-197.  https://doi.org/10.1057/palgrave.emr.1500041 
  6. G. Rampersad, P. Quester, and I. Troshani. (2010). Managing innovation networks: Exploratory evidence from ICT, biotechnology and nanotechnology networks. Industrial marketing management, 39(5), 793-805. DOI : 10.1016/j.indmarman.2009.07.002 
  7. S. Tehseen, S. Sajilan, E. Yafi, H. Rehman, and S. Butt. (2019). Does ICT based network competence mediate strategic competency's impact on SME's competitive advantage? An empirical evidence from Malaysian manufacturing SMEs. International Journal of Entrepreneurship, 23(2), 1-15. 
  8. S. Freeman, and S. T. Cavusgil, S. T. (2007). Toward a Typology of Commitment States Among Managers of Born Global Firms: A Study of Accelerated Internationalization. Journal of International Marketing, 15(4), 1-40. DOI : 10.1509/jimk.15.4.1 
  9. J. Yang. (2008). The Impact of Korean and Chinese SMEs' Core Competence and Entrepreneurial Networking Activities on Business Performance. Ph. D. Dissertation, Soongsil University Graduate School, Seoul. 
  10. H. M. Kim. (2015). A Study on the Effects of Entrepreneurship's Network Orientation on Business Performance. Ph. D. Dissertation, Gachon University Graduate School.
  11. J. H. Won, and D. H. Lee. (2001). Influence of Venture Business Networking Activities on Business Performance. Entrepreneurship and Venture Research, 4(1), 35-62. 
  12. A. Rickne. (2001). Assessing the functionality of an innovation system. Goteborg, Chalmers University of Technology. 
  13. P. Wickham. (2004). Strategic Entrepreneurship: A Decision-Making Approach to New Venture Creation. FT Prentice Hall: London. 
  14. S. K. Lee, and K. R. Lee. (2004). Impacts of Networks on Innovative Results of Korean Corporations. Technology Innovation Research, 12(3), 25-47. 
  15. J. Y. Kim. (2008). Empirical studies on the determinants of the demand for industrial networks and their effects on firm performance. Ph. D. Dissertation, Hanyang University Graduate School, Seoul. 
  16. N. J. Foss, M. Andersson, M. Henrekson, S. Jack, M. Stenkula, K. Thorburn, I. Zander. (2023). Sarasvathy: Recipient of the 2022 Global Award for Entrepreneurship Research, Small Business Economics, 61, 1-10. 
  17. Y. S. Yoon, M. H. Kang, and S. M. Park. (2009). External Network for Improving Corporate Competitiveness. Issue Paper, Samsung Economic Research Institute. 
  18. T. Ritter, and H. G. Gemunden. (2003). Network competence: Its impact on innovation success and its antecedents. Journal of Business Research, 56(9), 745-755. DOI : 10.1016/S0148-2963(01)00259-4 
  19. C. Lechner, and M. Dowling. (2003). Firm networks: external relationships as sources for the growth and competitiveness of entrepreneurial firms. Entrepreneurship & Regional Development, 15(1), 1-26. DOI : 10.1080/08985620210159220 
  20. A. Walter, M. Auer, and T. Ritter. (2006). The impact of network capabilities and entrepreneurial orientation on university spin-off performance. Journal of business venturing, 21(4), 541-567. 
  21. Z. Jian, and C. Wang. (2013). The impacts of network competence, knowledge sharing on service innovation performance: Moderating role of relationship quality. In LISS 2012, 569-576, Springer Berlin Heidelberg. 
  22. B. Kenny, and J. Fahy. (2013). The role of tie strength, relational capability and trust in the international performance of high tech SMEs. The IMP Journal, 7(3), 188-203. https://www.researchgate.net/publication/260025345 
  23. K. M. Bengesi, and I. Le Roux. (2014). The influence of dimensions of networking capability in small and medium enterprise performance. International Journal of Business and Social Science, 5(2), 189-200. 
  24. R. Zacca, M. Dayan, and T. Ahrens. (2015). Impact of network capability on small business performance. Management Decision, 53(1), 2-23. 
  25. R. Kamasak. (2017). The contribution of tangible and intangible resources, and capabilities to a firm's profitability and market performance. European Journal of Management and Business Economics, 26(2), 252-275. 
  26. M. S. Freel. (2003). Sectoral patterns of small firm innovation, networking and proximity. Research Policy, 32(5), 751-770. DOI : 10.1016/S0048-7333(02)00084-7 
  27. M. Acquaah. (2012). Social networking relationships, firm-specific managerial experience and firm performance in a transition economy: A comparative analysis of family owned and nonfamily firms. Strategic Management Journal, 33(10), 1215-1228. DOI : 10.1002/smj.1973 
  28. G. E. Choi. (2022). The Structural Relationship among Technology Entrepreneur's Social Network, Informal Learning, Individual Absorptive Capacity and Entrepreneurial Resilience and the Moderating Effect of Environmental Uncertainty. Seoul National University Graduate School. http://www-riss-kr.libproxy.dju.ac.kr/link?id=T16161476 
  29. L. A. Renzulli, H. Aldrich, and J. Moody. (2000). Family matters: Gender, networks, and entrepreneurial outcomes. Social forces, 79(2), 523- 546. DOI : 10.1093/sf/79.2.523 
  30. B. R. Koka, and J. E. Prescott. (2002). Strategic alliances as social capital: a multidimensional view. Strategic Management Journal, 23(9), 795-816. DOI : 10.1002/smj.252 
  31. B. Schneider, P. J. Hanges, D. B. Smith, and A. N. Salvaggio. (2003). Which comes first employee attitudes or organizational financial and market performance. Journal of applied psychology, 88(5), 836-851. DOI : 10.1037/0021-9010.88.5.836 
  32. S. H. Ko, W. J. Yoo, and Y. B. Lee. (2013). Empirical Study on the Structural Relationship between Competition Strategy and Management Performance of Small and Medium Venture Businesses. Korea Productivity Society, 27(1), 225-260. 
  33. J. H. Lee, and D. M. Lee. (2023). The Effect of Mentoring Function on Management Performance of Start-up Companies: Focusing on Entrepreneurial Alertness, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 18(5), 45-61. DOI : 10.16972/apjbve.18.5.202310.45 
  34. Y. H. Lee, and Y. J. Song. (2019). A Study on the Impact of Government Support Funds on Business Performance of Venture Companies: Focusing on the Mediating Effect of Internal Capability and the Interaction Effect of Corporate Growth Stages. Venture Startup Research, 14(2), 31-46. 
  35. T. Yoon, and D. Lee. (2021). A Study on the Effect of Representative Competency of SMEs on Accounts Receivable Management and Management Performance, Journal of Digital Convergence, 19(1), 107-115. DOI : 10.14400/JDC.2021.19.1.107 
  36. K. W. Lee. (2010). The Intensity and Diversity of Venture Business Network Exchanges on Business Performance: Mediating Effects of Technological Innovation and New Product Development. Ph. D. Dissertation, Seoul Venture Information Graduate School. 
  37. R. Reagans, and B. McEvily. (2003). Network structure and knowledge transfer: The effects of cohesion and range. Administrative Science Quarterly, 48(2), 240-267. DOI : 10.2307/3556658 
  38. J. A. Baum, S. X. Li, and J. M. Usher. (2000). Making the next move: How experiential and vicarious learning shape the locations of chains' acquisitions. Administrative Science Quarterly, 45(4), 766-801. DOI : 10.2307/2667019
  39. S. H. Koh. (2011). Empirical Study on the Structural Relationship between Competition Strategy and Business Performance of Small and Medium Venture Businesses. Ph. D. Dissertation, Konkuk University Graduate School, Seoul.
  40. S. A. Zahra, and W. C. Bogner. (2000). Technology strategy and software new ventures' performance: Exploring the moderating effect of the competitive environment. Journal of business venturing, 15(2), 135-173. DOI : 10.1016/S0883-9026(98)00009-3
  41. M. Y. Kwon. (2010). Influence of Entrepreneur Characteristics, Technology Ability and Network Characteristics on the Performance of Technology Startups. Ph. D. dissertation, Pusan National University Graduate School.
  42. D. C. Seol. (2021). Influence of Small and Medium Venture Business Technology Innovation Capability and Network Capability on Employment Performance and Business Performance. Ph. D. dissertation, Pusan National University Graduate School.
  43. E. K. Park. (2013). The Effects of Entrepreneurial Orientation and Network Competence on Internationalization Performance of Korean Firms. Ph. D. dissertation, Chonnam National University Graduate School.
  44. Y. M. Ganjeh, N. Khani, and A. A. Tabriz. (2020). The relationship between networking capability and commercialisation performance by considering the role of dimensions of network structure. International Journal of Business Innovation and Research, 22(1), 47-68. DOI : 10.1504/IJBIR.2020.107087
  45. D. Y. Jeong, and K. H. Noh. (2010). Influence of Entrepreneur's Self-Efficacy and Network Type on Performance of New and Growing Companies. Journal of the Korean Society of Business Administration, 23(1), 385-403.
  46. J. Y. Choi. (2010). Influence of Network Characteristics of Technology Startups on Firm Performance: Focusing on Incubation Center Companies. Entrepreneurship and Venture Research, 13(4), 87-108.
  47. T. H. Choi. (2016). The Effects of Small Workers' Psychological Characteristics, Environmental Uncertainty, and Industrial Cluster Characteristics on Business Performance; The Mediating Effect of Network and Cooperation. Ph. D. Dissertation, Seoul Venture University.
  48. K. Y. Hwang. (2005). A study on the relationship between the environment, market orientation and performance of venture companies. Venture Management Research, 8(1), 89-116.
  49. A. Yusuf, and K. Saffu, K. (2009). Planning practices, strategy types and firm performance in the Arabian Gulf region. Education, business and society: Contemporary Middle Eastern issues, 2(3), 203-217.