한국 중소기업과 대기업의 기업성과 결정요인 비교분석 -규모의 경제와 유연성을 중심으로- = An Analysis of the Determinants of the Firm`s Performance in Korea

다국어 초록 (Multilingual Abstract)

This paper reports evidence supporting the hypothesis that production flexibility is one of the forces that explain differences between the performance of small firms and that of large firms in Korea. Using a data set composed of annual observations on 431 firms, this study, first, tests whether the firm`s performances are different between small firms and large firms, and then investigates the determinants of the relative advantage of small and large business using regression methodology. The empirical result implies that the performance of small firms is higher than that of large firms, because small firms have the flexible production structures which enable them to respond better to changing demand conditions. The result also shows that small firms are faced with the diseconomies of scale, while large firms enjoy the economies of scale.