earticle

영어

The purpose of this study is to examine the effects of institutional environments and firm-specific resources on organizational performance. The study is based on two theories, institutional theory and resource-based view of the firm. Institutional theory argues that institutions maintain a rule-like-status and function as powerful myths, and organizations are driven to incorporate the institutionalized practices and procedures. Organizations that do so increase their legitimacy and are more likely to acquire indispensable resources which are critical to maintaining higher organizational performance. Hence, it is hypothesized that institutional effects are positively related to organizational performance. The resource-based view argues that the imperfectly imitable firm-specific resources are critical to sustained Competitive advantage. If a firm can possess and utilize imperfectly imitable resources, the firm will maintain competitive advantage and higher organizational performance. It is hypothesized that the imperfectly imitable firm-specific resources are positively related to organizational performance. To examine the hypotheses, the study sampled data from the kindergartens within the two educational districts in the City of Seoul and used general linear model (GLM). The results supported the positive effects of institutional environment and firm-specific resources on organizational performance.