관광기업의 여유자원이 경영성과에 미치는 영향

다국어 초록 (Multilingual Abstract)

Slack resources have been acknowledged as a necessary factor for a firm to have competitive advantages in being compared to other firms, there is no study to consider the effect of slack resources on firm performance with firms of service sector. And this study initially overcomes structural problems such as both heteroscedasticity and autocorrelation of the error term in an empirical model. Using 11 Korean firms listed on KOSDAQ over the time periods from 1983 to 2010, this study examines the effect of slack resources on firm performance. In order to perform empirical analysis, slack resources were categorized into three types such as available slack, recoverable slack, and potential slack. And firm performance was measured as total sales profit, operating profit, and net profit. When using total sales profit as a dependent variable, the empirical results indicate that recoverable slack positively affects on performance and its effect is gradually decreased. And available slack is found to be positive on firm performance when using net profit as a dependent variable and its effect is reported to be decreased. However, in using operating profit as a dependent variable, there is no robust result about any slack resource. In sum, different slack resource has significant effect on the dissimilar performance. In other words, this means choice of slack resource should be different depending on any type of firm performance.

참고문헌 (Reference)

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