An Explorative Study of Korean Venture Companies: Do CSR and Company Competitiveness Improve Non-Financial and Financial Performance?

Boine Kim and Byoung-Goo Kim
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Boine Kim: Department of Global Commerce, Hoseo University, Cheonan 31066, Korea
Byoung-Goo Kim: Department of International Trade, Korea National Open University, Seoul 03087, Korea

Sustainability, 2021, vol. 13, issue 23, 1-12

Abstract: For the sustainable growth of venture companies, this explorative study aimed to comprehensively analyze the factors affecting their performance. In addition, this study attempted to verify whether different or similar performance management should be performed according to the difference in characteristics of venture companies. In this study, corporate performance was classified into non-financial and financial performance and analyzed by dividing it into quantitative and qualitative growth. As factors influencing performance, this study analyzed corporate competitiveness compared to competitors and the number of CSR types in which companies participate. In addition, it intended to provide realistic implications and academic contributions to the performance management of venture companies by verifying whether differences in characteristics such as a company’s start-up business year, growth stage, and industry should be reflected in corporate performance management as control variables.

Keywords: corporate social responsibility; firm performance; strategic competitiveness; MCF analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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