|
|
|
|
LEADER |
01947nam a2200193Ia 4500 |
001 |
10.1007-s12122-018-9273-z |
008 |
220511s2019 CNT 000 0 und d |
020 |
|
|
|a 01953613 (ISSN)
|
245 |
1 |
0 |
|a Instrumental Variable Estimates of the Effect of Management Practices on Firm Performance in Korean Firms
|
260 |
|
0 |
|b Springer New York LLC
|c 2019
|
856 |
|
|
|z View Fulltext in Publisher
|u https://doi.org/10.1007/s12122-018-9273-z
|
520 |
3 |
|
|a 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. © 2018, Springer Science+Business Media, LLC, part of Springer Nature.
|
650 |
0 |
4 |
|a Instrumental variables
|
650 |
0 |
4 |
|a Management practices
|
650 |
0 |
4 |
|a Organizational change
|
650 |
0 |
4 |
|a Total factor productivity
|
700 |
1 |
|
|a Chang, J.
|e author
|
700 |
1 |
|
|a Kang, Y.
|e author
|
773 |
|
|
|t Journal of Labor Research
|