벤처기업 최고 경영자 경험 특성과 여유자원이 전략적 제휴 유형 선택에 미치는 영향 = The Effect of CEO Experiential Attributes and Slack Resource on the Selection of Strategic Alliance Type

다국어 초록 (Multilingual Abstract)

Despite of the consensus on the critical role of CEO and slack resources for strategic decision making, how they affect in the selection of strategic alliance type is limited. This study investigated the effect of CEO’s experiential attributes and the venture firms’ slack resource on the selection of strategic alliance type. To this end, this study used multi-variate logistic regression analysis with 1,813 Korean venture firms. The findings indicated that higher education level and large firm experience of CEO positively contributed to form an explorative alliance. And these two experiential attributes has negative effects on the probability of exploitative alliance formation. On the other hand, the entrepreneurial experience has no effect on the selection of strategic alliance type. This study also investigated the effect of slack resource – available slack, recoverable slack, and potential slack-. The more venture firms have available and potential slack, the higher probability of pursuing an explorative alliance. In addition, recoverable slack of venture firms has negative effect only on the selection of explorative alliance. The results of this study are expected to contribute the literatures of strategic management and venture firms by illustrating which CEO and firm-level factors affect the selection of strategic alliance type. This study also extends recent effort to better understand the selection of strategic alliance type with upper echelons theory and slack resource. And this study suggests implications that can increase the probability of successful decision making by venture firms in selection of strategic alliance type.

국문 초록 (Abstract)

본 연구는 기업이 전략적 경영활동으로 추진하는 전략적 제휴의 유형 선택에 최고 경영자의 경험특성과 기업이 보유한 여유자원이 미치는 영향을 실증 분석하였다. 이는 단순히 경쟁우위 확보와 성과향상을 위하여 기업이 추진하는 전략적 제휴의 결정요인을 규명하는 것을 넘어 제휴의 유형을 구분하고 이러한 전략적 선택에 영향을 미치는 요소들을 규명하는 것을 목적으로 한다. 이에 따라 본 연구는 2020년 벤처기업정밀실태조사 자료를 활용하여 로지스틱 다중회귀 분석을 실시하였다. 분석결과 벤처기업 최고 경영자의 학력 수준이 높고, 대기업 근무 경험을 가진 경우 탐색적 유형의 제휴를 추진하는 것으로 나타났다. 반면, 최고 경영자가 가진 과거 창업 경험은 전략적 제휴 유형 선택에 유의미한 영향을 미치지 못하는 것으로 나타났다. 벤처기업이 보유한 여유 자원 중에서는 활용가능여유와 잠재여유가 많을수록 탐색적 제휴에 긍정적 영향을 미치는 것으로 나타났다. 또한, 회복가능여유는 탐색적 제휴에 부정적 영향을 미치는 것으로 나타났으나, 활용적 제휴에는 유의미한 영향을 미치지 못하는 것으로 분석되었다. 본 연구는 학술적 측면에서 전략적 제휴와 관련한 논의를 최고경영자이론 및 여유자원과 연계하여 변수의 영향력을 검증함에 따라 이론적 논의를 확장하는데 기여하였다. 또한, 정책적 측면에서 벤처기업을 위한 개방형 혁신활동 지원정책 수립 및 운영과정에서 기업이 보유한 여유 자원의 유형별 수준이 고려되는 경우 보다 정책효과성을 제고할 수 있다는 시사점을 제공한다.

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