Information Technology Investment and Firm Performance in China and Korea: An Empirical Study

중국과 한국 기업의 정보기술 투자와 기업 성과의 관계에 대한 실증 연구

  • Lee, Sang-Ho (College of Business Administration at Kyung Hee University) ;
  • Xiang, Jun Yong (School of Management at Tianjin University) ;
  • Kim, Jae-Kyeong (College of Business Administration and Management Research Institute at Kyung Hee University)
  • 이상호 (경희대학교 경영대학) ;
  • ;
  • 김재경 (경희대학교 경영대학 & 경영연구원)
  • Published : 2009.12.31

Abstract

Over the past three decades, the impact of information technology (IT) investments on firm performance has been the subject of active research. Despite increasing importance of research into the productivity of IT in developing countries, almost all findings on IT productivity have been based on data collected in developed countries. This study investigates the effects of IT investment on firms' financial performance in the insurance industry of Korea, which is OECD member and can be classified as a developed country in IT perspective, and in the electronics industry of China, which is a developing country, and compare them. The findings show that IT investment has a positive and significant impact on firm efficiency in both Korea and China, but a weakly positive impact on firm growth in only Korea. Moreover, the size of the impact on efficiency (ROA) in China is significantly larger than that in Korea.

본 연구는 아시아의 개발도상국인 중국과 정보기술 선진국임에도 불구하고 관련 연구가 부족한 한국의 기업을 대상으로 정보기술 투자와 기업 성과간의 관계에 관한 실증연구를 수행하였다. 연구결과는 다음과 같다. 첫째, 중국과 한국 기업의 정보기술 투자는 기업의 효율성 지표에 모두 긍정적 영향을 주고 있다. 둘째, 한국기업에서는 정보기술 투자가 기업의 성장성에 긍정적 영향을 주고 있는 반면, 중국기업에서는 정보기술 투자가 기업의 성장성에 영향을 주지 않고 있다. 셋째, 기업 효율성(ROA) 측면에서는 경제발전단계(또는 정보기술 성숙 단계)로 인한 정보기술 투자 효과의 차이가 발견되었으나, 기업 성장성 측면에서는 통계적으로 의미있는 결과가 발견되지 않았다.

Keywords

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