Earticle

초록

영어

This paper documents whether a firm's operational efficiency is affected by its business strategy and firm life cycle stage. The sample comprises manufacturing firms listed on the Korean Stock Exchange over the period 2002-2012. The operational efficiency includes the aggregate and technical efficiencies. Empirical results are summarized as follows. First, for our pooled sample, the means of the aggregate and technical efficiency scores are 0.772, and 0.791, respectively, implying that sample firms have a significant level of inefficiency and still have room for improvement. Second, we find that firms in the maturity stage of life cycle are more efficient than are firms in the other stages, and that differentiators are more operationally efficient than cost leaders in the Korean manufacturing sector. This evidence implies that firms in the maturity stage and pursuing differentiation strategy are statistically associated with higher operational efficiency. Results of this study may provide manufacturing firms with practical guideline as to which factors should be emphasized to improve operational efficiency.

목차

Abstract
 1. Introduction
 2. Research Design and Hypothesis
  2.1. Operational Efficiency
  2.2. Generic Strategy
  2.3. Firm Life Cycle
  2.4. Empirical Estimation
 3. Sample Selection and Descriptive Statistics
  3.1. Sample Selection
  3.2. Descriptive Statistics
 4. Regression Results
 5. Conclusion
 References

키워드

저자

• Jayoun Won [ Research Institute for Global Management of Technology of Catching Up (GMOT), College of Business, Konkuk University, 120 Neungdong-ro, Gwangjin-gu, Seoul 143-701, South Korea ]
• Sang-Lyul Ryu [ Department of Business Administration, College of Business, Konkuk University, 120 Neungdong-ro, Gwangjin-gu, Seoul 143-701, Korea, ] Corresponding Author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  International Journal of u- and e- Service, Science and Technology

• 간기

  격월간

• pISSN

  2005-4246

• 수록기간

  2008~2016

• 십진분류

  KDC 505 DDC 605