사회적 정당성이 벤처 기업의 성과에 미치는 영향 = The Impact of Social Legitimacy on the Performance of New Venture

국문 초록 (Abstract)

본 연구는 조직 생태학적 접근을 기반으로 벤처 기업의 성과에 영향을 미치는 요인들을 실증 분석하였다. 조직 생태학적 관점에서의 분석은 벤처 기업에 대하여 전략적 선택 관점을 유지했던 기존 연구들에서 간과하였던 조직 외부의 사회적 조건들을 고려할 수 있다는 점에서 장점이 있다. 벤처 기업은 높은 성과를 내기 위해서 조직 내부의 역량을 키워내는 것 뿐 만 아니라 외부로부터의 정당성을 획득해야만 하는 이중의 과제를 가지고 있기 때문에 이들을 둘러싼 사회적 환경의 중요성도 결코 간과 할 수 없는 부분이다. 따라서 본 연구는 기업 생태계 내에서 배태된 특정한 사회적 조건을 대표하는 사회적 정당성의 획득의 중요성에 주목하였다. 이러한 논의를 바탕으로 사회적 정당성이 벤처 기업의 성과에 미치는 영향력을 분석하기 위하여 먼저 창업자의 조직화 활동이 성과에 미치는 효과를 검증하였다. 또한 사회적 정당성 획득을 촉진시키는 사회적 규범의 역할을 조명하기 위하여 첫째, 자수성가 친화적 사회적 규범, 둘째, 창업 장려적 사회적 규범, 셋째, 위험 감수형 사회적 규범으로 나누어 이들이 각각 벤처 기업의 성과에 어떠한 영향을 미치는 지를 살펴보았다. 가설검증을 위하여 벤처 기업의 특성을 바탕으로 설계된 패널데이터인 PSED(Panel Study of Entrepreneurship Data) 자료를 이용하였다. 고정효과모형(Fixed Effect Model)으로 분석을 실시하였고 그 결과는 다음과 같다. 첫째, 벤처 기업 창업자의 조직화 활동은 벤처 기업의 성과에 긍정적인 정(+)의 영향을 미치는 것으로 나타났다. 둘째, 신생의 불리함이 증가할수록 조직화 활동이 벤처 기업 성과에 미치는 긍정적인 영향은 감소하는 것으로 나타났다. 셋째, 벤처 기업의 활동에 관련된 사회적 규범들이 기업의 성과와 직접적인 관계를 가지지는 않는 것으로 나타났다. 그러나 신생의 불리함과 이들 간의 상호작용을 함께 살펴본 결과, 창업을 장려하는 사회적 규범은 벤처 기업의 성과에 영향을 미치는데, 신생의 불리함이 커질수록 영향력이 감소하는 것을 확인할 수 있었다.

다국어 초록 (Multilingual Abstract)

This study advances research on new venture by taking the organizational ecology perspective to explore the relationship between social legitimacy and new venture performance. We examine how entrepreneurs' organizing activity and social norm shape the social legitimacy. This paper also categorizes the social norms into three parts: social norm that is 1) supporting success achieved through one's own effort 2) encouraging start-up, and 3) promoting risk-taking. Using a dataset of PSED(Panel Study of Entrepreneurial Dynamics) from 2005 to 2011, we found that entrepreneurs' organizing activity has a positive effect on new venture performance. In addition, this study presents the moderating effects of 'liability of newness' that decreases the effect of organizing activity on new venture performance. Interestingly, with respect to the social norm, 'liability of newness' only moderates the relationship between start-up encouraging social norm and new venture performance.

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