초록 열기/닫기 버튼
Purpose: This study tries to find out the process through which a firm sustains its business in the long-run while existing studies have heavily focused on a firm’s survival or growth. Building upon organizational resource, we see the connection with the theory of organizational ecology which is highly related to a corporate longevity and look into the way in which a firm achieves prosperous longevity beyond just survival. Research design, data, and methodology: The research samples are drawn from KISVALUE which is a credit evaluation organization in Korea. The number of samples is 3152 that consist of un- balanced panel from 2000 to 2012. This study uses the ordered probit regression to examine the effect of antecedents of organizational functions on a firm’s longevity. Results: Samples whose survival is confirmed in 2012 are composed of non-financial firms with an unbalanced panel from 1990. As a statistical method ordered probit regression is applied to examine our hypotheses since the dependent variables have the ordered form from survival to growth and to prosperity. Conclusions: slack resources and human capital have a significant effect on a firm’s prosperous longevity and human capital moderates the positive relationship between slack resources and the dependent variable.
