Instrumental Variable Estimates of the Effect of Management Practices on Firm Performance in Korean Firms.
Policy makers as well as entrepreneurs pay much attention to the success of firms. This is because the performance of firms can promote directly and indirectly the economic growth in a country. For instance, after financial crisis in 1997, the Korean economy experienced the rapid recovery. It is rec...
| Publicado en: | Journal of Labor Research Vol. 40; no. 1; pp. 106 - 126 |
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| Autores principales: | , |
| Formato: | Artículo |
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Springer Nature
Mar2019
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=135521628&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 135521628 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 01953613 JLR jtl: Journal of Labor Research issn: 01953613 maglogo: N pubinfo: dt: Mar2019 vid: 40 iid: 1 pid: 237 pub: Springer Nature artinfo: ui: 135521628 10.1007/s12122-018-9273-z ppf: 106 ppct: 20 formats: fmt: – @attributes: type: T – @attributes: type: P size: 570KB tig: atl: Instrumental Variable Estimates of the Effect of Management Practices on Firm Performance in Korean Firms. aug: au: Chang, Jieun Kang, Youngho affil: Department of Social Sciences, Southwestern Oklahoma State University, 100 Campus Dr., 73096, Weatherford, OK, USA Department of Economics, Soongsil University, 369 Sangdo-Ro, Dongjak-Gu, Seoul, Republic of Korea su: Government policy Businesspeople Business enterprises Economic development Industrial productivity sug: subj: Government policy Businesspeople Business enterprises Economic development Industrial productivity keyword: C20 Instrumental variables L2 M1 Management practices Organizational change Total factor productivity C20 Instrumental variables L2 M1 Management practices Organizational change Total factor productivity ab: Policy makers as well as entrepreneurs pay much attention to the success of firms. This is because the performance of firms can promote directly and indirectly the economic growth in a country. For instance, after financial crisis in 1997, the Korean economy experienced the rapid recovery. It is recognized that the improvement of firm performance has played a crucial role in such recovery. We focus on the determinants of improving the Korean firm total factor productivity (TFP) because TFP can explain performance not explained by inputs a firm employs. This paper suggests management practices as one of crucial factors to improve firm TFP. For empirical analysis, we use an instrumental variable approach by using a set of four firm-level instrumental variables including motivations for organizational change, large-scale organizational change, empowerment, and IT investment during the past organizational change. The results of the instrumental variable estimation show that better management practice leads to a higher level of firm TFP, statistically significantly; whereas the effect of management practices is statistically insignificant in the ordinary least square estimation. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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