• 아태비즈니스연구
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• 제12권3호
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• pp.71-85
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• 2021

Purpose - Prior studies have found that the characteristics of managers, corporate governance structure, corporate social responsibility and so on affect firm value. This study explores whether managerial overconfidence affects firm value through empirical analysis. Design/methodology/approach - Korean-listed non-financial companies from 2011 - 2017 are collected as the research sample. Firm value is measured by Tobin's Q, and managerial overconfidence is measured using a composite index encompassing various financial data. OLS and fixed effect model are used to investigate the relationship between managerial overconfidence and firm value. Findings - Managerial overconfidence is positively associated with firm value. Additional analysis reveals the following: (1) In the three subsamples of large, backbone, and small- and medium-sized enterprises, managerial overconfidence is beneficial to firm values. (2) Managerial overconfidence increases firm value on the t+1 year. Research implications or Originality - We use a comprehensive index with higher trust and feasibility to measure manager overconfidence and empirically confirm that managerial overconfidence can become a factor to improve firm value. Thus, it is necessary for shareholders to adopt an objective and neutral attitude and reasonably understand the psychological characteristics of managers when selecting CEOs. In addition, it is necessary to continue to optimize the measurement method of managerial overconfidence.

• 한국콘텐츠학회논문지
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• 제15권10호
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• pp.425-435
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• 2015

코칭에 대한 실무적 관심이 높아졌음에도 불구하고 이에 대한 학문적 정의와 발전은 아직 미약한 실정이다. 본 연구의 목적은 기업현장에서 이미 광범위하게 수용된 코칭이 직무성과에 기여하는 실제적 영향과 메커니즘을 밝히는 것이다. 대다수 선행연구들은 코칭교육의 우수성이나 효과성에 대한 선언적 평가에 그쳤다는 한계가 있었다. 이를 극복하고자 코칭 리더십(managerial coaching)이 직무특성이론의 동기부여과정에 개입하는 영향을 실증하고, 코칭교육이 아니라 관리자의 코칭활동에 집중하는 행동주의적 접근을 시도하였다. 연구모형을 검증하기 위하여 국내 금융기업의 조직구성원 453명에 대한 설문자료를 바탕으로 다수준 분석을 실시하였다. 분석 결과, 코칭 리더십이 조직구성원의 직무성과에 미치는 긍정적인 직접효과를 확인할 수 있었다. 또한 핵심직무특성 중에서 직무유의성(job meaningfulness) 및 자율성(autonomy)과 직무성과의 관계를 코칭리더십이 긍정적으로 조절하는 수준 간 영향(cross-level moderating effect)이 유의하게 나타났다. 직무특성의 요건에 따라 집중해야 할 코칭의 기술과 방향이 최적화 관점에서 모색되어야 한다는 본 연구의 시사점은, 기업현장에서 광범위하게 수행된 코칭교육이 간과했던 실천적 공백을 메우는 데 기여할 것으로 기대한다.

• 벤처창업연구
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• 제6권4호
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• pp.1-20
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• 2011

본 연구는 창업 여성CEO들을 대상으로 여성CEO의 특성과 경영성과 사이에는 어떤 상관성이 있는지에 대하여 살펴보고자 하였다. 이를 위하여 창업 여성CEO의 특성과 역량을 중심으로 하여 선행연구와 기존 문헌을 토대로 여성CEO의 특성요인으로서 경력 특성, 행위적 특성, 역량 특성 등 결정요인을 도출하고 이들 요인과 경영성과와의 관계에 대한 연구모형 과 가설을 설정하고 이를 실증적으로 분석, 검증하는데 연구의 목적을 두었다. 본 연구의 실증분석 결과는 다음과 같다. 첫째, 창업 여성CEO의 경력 특성과 경영성과간의 관계를 검증한 회귀분석 결과에서는 전공 요인은 유의미한 영향을 미치지만 직장 또는 창업경험 요인은 유의하지 않은 것으로 나타났다. 둘째, 창업 여성CEO의 행위적 특성과 경영성과 사이에서는 창업동기 요인은 유의미한 영향을 미치지만 실패 가능성이나 위험에 대한 대처 노력 요인은 유의하지 않은 것으로 나타났다. 셋째, 창업 여성CEO의 역량 특성과 경영성과에서는 관리적 역량 요인은 유의미한 영향을 미치지만 기업가적 역량 요인과 기술적 역량 요인은 유의하지 않은 것으로 나타났다.

• Asia pacific journal of information systems
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• 제13권2호
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• pp.171-197
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• 2003

There have been quite many studies to identify factors affecting successful implementation of EDI systems. However, previous studies have investigated influencing factors independently. Given the complexity involved in the implementation of EDI systems, it might be quite necessary to investigate the interaction effects between influencing factors. The primary purpose of this study is to investigate the interaction effects of organizational characteristics as contextual variables on the relationship between managerial characteristics and EDI implementation. Analysis of 202 responses of survey questionnaire indicates the following: 1) Education/training and top management support has positive effect on the successful EDI implementation. 2) The degree of decentralization has strong, and management risk position has mild moderating effect on the relationship between managerial characteristics and EDI implementation. 3) The degree of formalization and organizational size have no moderating effect. 4) The subgroup analysis, conducted to determine the exact nature of interaction effect, reveals that the relationship between managerial characteristics and EDI implementation is significantly stronger with a high level of decentralization or management risk position than with a low level.

• 가족자원경영과 정책
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• 제3권2호
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• pp.77-89
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• 1999

This study examines managerial aspects of the institutional household(IH) whose importances become crucial in modern society. To analyze idiosyncratic managerial characteristics of the IH, the study delves into three aspects of IH in comparison with other organizations such as family, public organizations, for-profit organizations. The comparison is done in the reference of $\circled1$ conceptual elements, $\circled2$ general managerial settings, and $\circled3$ practical managerial processes including planning, organizational, personnel and human resources development, and finacial management. The analysis shows us that the IH possesses both common and unique characteristics and needs to develop its generic managerial theories.

• 보건행정학회지
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• 제6권1호
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• pp.191-210
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• 1996

This study purported to acquire information necessary to improve the operational efficiency of general hospitals. It tried to determine major indices which represent managerial performance of general hospitals and to identify the managerial characteristics of general hospital which affect the major financial indices. 201 hospitals which were subject to standardization audit by the Korean Hospital Association were investigated and 80 hospitals were finally chosen for this study. Their financial and managerial data during the period between January 1991 and December 1991 were collected. Considering financial indices in this study were the ration of net income to total asset, income growth rate, and quick ration. The results of study are summarized as followings. First. The ration of net income to total assets and quick ration were highly related to managerial characteristics of general hospitals. Therefore, the standardization of three financial indices should be needed to systematically check the operational efficiency of general hospitals. Second, the sample hospitals can be classified as four groups on the basis of their financial indices' level. 4 of those hospitals(5.0%) showed high level of performance in terms of three financial indices and 27 of them(33.7%) showed that they are highly related to only two financial indices. 34 hospitals(42.5%) showed they have high level of relationship with only one indices and 15 hospitals(18.8%) showed very weak performance level with three indices. In addition, there is no hospitals to show mid-range level of managerial performance in relation to all three financial indices. Third, there is no significant relationship between three financial indices and the managerial characteristics of hospitals such as the number of beds, type of operation, location of hospitals, and etc. However, in the case of hospitals which have high level of managerial performance, they have more specialists and medical support personnel in comparison to low performance hospitals. They also have high level of bed occupancy rate and average length of stay(ALOS). In conclusion, the study showed the standardization of 3 financial indices are necessary to systematically evaluate the managerial performance of general hospitals and provide more accurate operational information for each hospital. To do so, it is necessary to focus on management side of hospital such as the effective human resource management and quality enhancement of medical treatment.

• 한국콘텐츠학회논문지
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• 제6권4호
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• pp.125-135
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• 2006

본 연구는 중소 제조기업 생산부서에서 근무하는 종업원들의 업무특성요인의 인지도가 생산성과에 어떠한 영향을 미치는지를 검증하는 것이다. 또한 업무특성요인과 생산성과의 관계에서 관리회계 정보특성이 조절효과가 있는지를 검증하는 것이다 본 연구에서는 업무특성요인으로 업무의 다양성, 업무의 중요성, 자율성, 정체성으로 구분하였으며, 생산성과를 유연성, 시간, 품질로 구분하였다. 본 연구의 가설검증 결과를 요약하면 다음과 같다. 첫째, 업무특성과 생산성과와의 관계에서는 생산부서에 근무하는 종업원들의 업무특성의 인지도에 따라서 생산성과에 유의적인 영향관계가 있는 것으로 조사되었다. 둘째, 생산부서에 근무하는 종업원들의 업무특성의 인지도와 생산성과간의 관계에서 관리회계정보특성에 따라 유의적인 영향관계가 있는 것으로 조사되었다.

• Journal of Information Technology Applications and Management
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• 제31권1호
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• pp.27-43
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• 2024

This study investigated technological and managerial barriers in technology startups through a survey of 151 companies, yielding 118 responses (78.1% response rate). Factor and multivariate analyses identified two distinct barriers: technological and managerial. Reliability analysis validated the measurement tool. Using MANCOVA, 12 hypotheses were tested, incorporating six independent variables. Results revealed significant disparities in technological and managerial barriers based on establishment type, commercialization goals, growth stage, and commercialization stage, with 5 hypotheses supported. This study highlights the crucial role of these variables in understanding barriers within technology-based startups.

• The Journal of Asian Finance, Economics and Business
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• 제7권9호
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• pp.363-370
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• 2020

The paper aims to investigate the impact of budgetary goal on profit growth directly and indirectly through managerial performance. Two main characteristics of budgetary goal mentioning in the study are the clarity of budget goal and the difficult of budget goal. Data of the research collected from survey with 197 department managers and supervisors of 80 SMEs in Hanoi and Ho Chi Minh City who have budgeting responsible. Firstly, by using quantitative research method Cronbach's Alpha and Exploratory Factor Analysis, the research show that characteristic of budgetary goal has significant and positive impact on profit growth directly. Secondly, the regression analysis among variables show that budget goal clarity was positively and significantly related to growth of sale revenue, growth of profit and managerial performance. Therefore, the empirical findings show that that managerial performance has mediating role in the relationship between budgetary goal characteristic and financial performance. The findings of this study suggest that that managers need focus on setting clearer and more difficult but attainable budget goals to increase firm performance. This paper also provides a new insight the relationship between managerial performance and financial performance. Budgetary goal characteristics still have positive but insignificant impact on growth of sales revenue.

• Journal of East Asia Management
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• 제4권1호
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• pp.79-98
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• 2023

This study investigates the relationship between firm's cost behavior and the managerial strategic deviation. Firms which intend to reduce uncertainty and improve viability for future performance tend to implement managerial strategies similar to peer firms in the same industry. Since the managerial decisions affect firm's cost behavior, the strategic deviation including operations different from others would be associated with cost behavior distinct from peer firms. On firms listed on Korean Security Exchange and KOSDAQ markets from 2002 to 2017, the analysis show the results that the firm's strategic deviation is positively associated with cost-downward rigidity, indicating that the management strategy affects the cost behavior. Also, it means that corporate managers who choose a strategy that deviates from peer firms are less likely to adjust their resource even when sales decrease. This study is meaningful in expanding the literature on the determinants of cost behavior by analyzing the effect of the management strategy's characteristics of strategic deviation on cost behavior.