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[ Article ] | |
korean management review - Vol. 53, No. 5, pp. 1275-1297 | |
Abbreviation: kmr | |
ISSN: 1226-1874 (Print) | |
Print publication date 31 Oct 2024 | |
Received 03 Feb 2024 Revised 24 May 2024 Accepted 06 Jun 2024 | |
DOI: https://doi.org/10.17287/kmr.2024.53.5.1275 | |
The Relationship Between Resource Allocation Strategy and Financial Performance in Early Stage of New Venture Firms: The Moderating Effects of Founder Experience and External Collaboration | |
Tae-Hoon Jin ; Moon-Goo Huh
| |
(First Author) PhD. Student, School of Businesss Administration, Kyungpook National University (jinth07@gmail.com) | |
(Corresponding Author) Professor, School of Businesss Administration, Kyungpook National University (moongoo@knu.ac.kr) | |
신생 벤처기업의 자원배분 전략과 재무성과의 관계: 창업자 경험과 외부협력의 조절 효과 | |
진태훈 ; 허문구
| |
(주저자) 경북대학교 경영학부 박사과정 | |
(교신저자) 경북대학교 경영학부 교수 | |
Copyright 2024 THE KOREAN ACADEMIC SOCIETY OF BUSINESS ADMINISTRATION This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted, distribution, and reproduction in any medium, provided the original work is properly cited. | |
New ventures in the early stages face strategic choices about resource allocation, deciding whether to develop capabilities broadly or narrowly. Simultaneously, founder experience and external collaboration affect the resource allocation strategy and performance. Therefore, this study aims to research the relationship between resource allocation strategy and performance, considering the interaction of founder experience and external collaboration in new ventures. The results of this study are as follows: First, a focused resource allocation strategy has a positive relationship with financial performance in new ventures. Second, founder experience mitigates the positive relationship between a focused resource allocation strategy and financial performance in new ventures. The significance of this study contributes to the activation of research on resource allocation strategy and capability development. Additionally, this study will help entrepreneurs better understand how to develop capabilities and allocate resources, thereby enhancing the growth of new ventures.
신생 벤처기업은 초기 자원을 어떻게 배분할지에 대해 전략적 선택에 직면하게 된다. 이와 동시에 창업자 경험과 외부협력은 신생 벤처기업의 자원배분 전략과 재무성과에 영향을 미친다. 이에 본 연구는 신생 벤처기업의 자원배분 전략의 선택이 재무성과에 어떤 관계가 있는지, 동시에 창업자 경험과 외부협력은 어떤 상호작용 효과가 있는지를 연구한다. 본 연구의 결과는 다음과 같다: 첫째, 신생 벤처기업은 다양한 역량 개발을 위한 넓은 자원배분 전략보다 좁게 집중된 자원배분 전략을 실행할 때 재무성과가 높아진다. 둘째, 신생 벤처기업의 창업자 경험이 많을수록 집중적인 자원배분 전략과 재무성과의 정(+)의 관계는 덜 뚜렷하게 나타난다. 본 연구의 의의는 신생 벤처 기업이 성장하기 위해 자원배분 전략을 어떻게 취해야 할지에 대한 연구 활성화에 기여한다. 또한 창업가들에게 신생 벤처기업의 역량 개발을 위한 자원배분 전략을 어떻게 실행해야 하는지에 대해 깊은 이해를 제공하고 궁극적으로 신생 벤처기업의 성장을 촉진하는 데 도움을 줄 것이다.
Keywords: New venture, Capability development, Resource allocation strategy, Founder experience, External collaboration, Financial performance 키워드: 신생 벤처기업, 역량 개발, 자원배분 전략, 창업자 경험, 외부협력, 재무성과 |
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∙ 저자 진태훈은 현재 경북대학교 경영학부 전략․조직 전공으로 박사과정에 재학 중이며 KAIST 테크노경영대학원에서 재무․회계 전공으로 석사학위를 취득했다. 주요 연구분야는 조직구조 설계, 상사(계층) 없는 자율경영조직, 스타트업 및 신생 벤처기업 연구를 수행하고 있다.
∙ 저자 허문구는 전략 및 조직이론을 전공하고, 경북대학교 경영학부 교수로 재직 중이다. 상사 없는 자율경영조직, 혁신과 지식창조, 동적 역량, 양손잡이 조직 등에 대해 연구를 진행하고 있다.