도시개발공사 기관장의 경력과 경영성과의 관계

초록

There has been a debate on the political appointment of CEOs of local public enterprises. The Korean government has revised the Local Public Enterprises Act for establishing responsibility management system and for fairness, objectivity, and transparency in appointing the CEO. However, there are very few empirical researches which examined the effects of such government reform efforts. Furthermore, while few studies analyzed the effects of the CEO’s background and expertise on the managerial performance, the results of those studies are contrasting. In this respect, this study analyzes the differences in the CEO’s background and expertise before and after the 2009 revision of the Local Public Enterprises Act. In addition, this study examines the effects of the CEO’s background and expertise on the managerial performance using a panel data set of 15 urban development enterprises from 2007 to 2013. The results of crosstab analysis show that there is no statistical difference in the CEO’s background and expertise before and after the 2009 revision of the Act. The panel regression results show that the CEO’s public sector career has a positive impact on operating net profit ratio, and that the CEO’s expertise also leads to a higher operating net profit ratio. However, we can’t find any statistically significant effect of CEO’s background and expertise on the customer satisfaction index score.

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