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Korean Academic Society of Business Administration
[ Article ]
korean management review - Vol. 48, No. 2, pp.493-513
ISSN: 1226-1874 (Print)
Print publication date 30 Apr 2019
Received 22 Dec 2018 Accepted 09 Feb 2019
DOI: https://doi.org/10.17287/kmr.2019.48.2.493

기업의 정치적 연계가 기업 성과에 미치는 영향: 환경동태성의 조절효과 중심으로

박준호* ; 이장우**
*(주저자) 경북대학교 경영학부 parkjunho1990@gmail.com
**(교신저자) 경북대학교 경영학부 antonio@knu.ac.kr
The Impact of Political Ties on Firm Performance: The Moderating Effect of Environmental Dynamism
Junho Park* ; Jangwoo Lee**
*Doctoral Student, School of Business Administration, Kyungpook National University, First Author
**Professor, School of Business Administration, Kyungpook National University, Corresponding Author

초록

본 연구는 국내 기업을 대상으로 기업의 정치적 연계가 기업 성과에 어떠한 영향을 미치는지에 관하여 조사하였다. 대부분의 선행 연구에서는 정치적 연계와 기업 성과 간의 긍정적인 관계가 있다는 결과들이 도출되고 있다. 하지만, 선행 연구 대부분은 중국 기업을 대상으로 이루어졌으며 기업이 속한 환경을 고려하지 못한 한계점을 가지고 있다. 한편, 국내에서는 전직 관료의 사기업 진출이 증가하고, 이에 따른 다양한 규제가 만들어지는 것을 볼 수 있다. 본 연구는 이러한 사회현상에 있어 옳고, 그름을 판단하기에 앞서 국내 기업을 대상으로 정치적 연계와 기업 성과 간의 관계를 분석하고자 하였다. 이를 위해 1997년부터 2016년까지 국내 IT 관련 제조업 296개 기업을 대상으로 실증 분석하였다. 연구 결과, 일정 수준의 정치적 연계는 기업 성과에 긍정적인 영향을 미치나 과도한 정치적 연계는 기업 성과에 부정적인 영향을 미치는 역-U자형의 관계를 확인하였으며, 환경동태성은 정치적 연계가 기업 성과에 미치는 긍정적인 영향을 약화시키는 것을 확인하였다.

Abstract

The primary focus of this article is to examine the impact of political ties on firm performance. Recent studies suggest that political ties enhance firm performance. However, prior studies have limitations that provide avenues for research. First, most research in this area focus on Chinese companies. Second, they do not assess environmental issues such as environmental dynamism. Nonetheless political appointments to a board member of private companies are increasing in Korea. And various regulations are being made to suppress the entry of official or politicians into a private company. The aim of this study is not to distinguish whether it is right or wrong. This study investigates how political ties affect firm performance. This study tests hypotheses on the IT manufacturing industry in Korea between 1997 and 2016. According to the results political ties have an inverted U-shape relationship with firm performance, and the environmental dynamism is moderating the relationship between political ties and firm performance.

Keywords:

Political ties, environment dynamism, firm performance, firm survival

키워드:

정치적 연계, 환경동태성, 기업 성과, 기업 생존

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• 저자 박준호는 현재 경북대학교 경영학부 전략 및 조직관리 전공에서 박사과정으로 재학 중이다. 주요 연구 분야는 기업의 비-시장전략으로 구분되고 있는 기업의 정치적 연계, 정치적 역량, 그리고 사회적 자원에 관한 연구 등이다.

• 저자 이장우는 현재 경북대학교 경영학부 전략 및 조직관리 전공 정교수로 재직 중이다. 서울대학교 경영학과를 졸업하였으며, 한국과학기술원(KAIST)에서 산업공학 석사 및 경영과학 박사를 취득하였다. 미국 퍼듀 대학과 스탠포드 대학에서 방문학자로 연구하였다. 주요 연구 분야는 기업가정신과 벤처창업, 경영전략, 강소기업 경쟁력 등이다.