국내 사모펀드(PEF)의 전략적 특성이 기업성과에 미치는 영향에 관한 연구

초록

Recently, there is a general consensus in Korea that Private Equity Fund plays a considerably important role on corporate performance. However, there is currently inadequate data to support the argument. After 10 years since its introduction, the PEF in Korea has now entered the growth phase, starting the investment exit. While the Korean government is relaxing regulations in order to vitalize the M&A market, qualitative growth in the PEF market is expected through intensifying competition. However, there is currently inadequate evaluation through substantive data analysis about whether domestic PEF has effects on corporate performance, and if so, what type of characteristics and strategy of PEF can have effects on corporate performance. Therefore, this study has conducted a survey on 71 fund managers and was able to verify that takeover strategy and ownership in entry strategy and aggressive strategy in operations strategy have a correlation with the corporate performance. The result of this study has significance as an empirical analysis to investigate the operation state of PEF which provides implication to the study on the correlation between PEF and corporate performance in the future.

키워드