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An Explorative Study of Korean Venture Companies: Do CSR and Company Competitiveness Improve Non-Financial and Financial Performance?

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  • Boine Kim

    (Department of Global Commerce, Hoseo University, Cheonan 31066, Korea)

  • Byoung-Goo Kim

    (Department of International Trade, Korea National Open University, Seoul 03087, Korea)

Abstract

For the sustainable growth of venture companies, this explorative study aimed to comprehensively analyze the factors affecting their performance. In addition, this study attempted to verify whether different or similar performance management should be performed according to the difference in characteristics of venture companies. In this study, corporate performance was classified into non-financial and financial performance and analyzed by dividing it into quantitative and qualitative growth. As factors influencing performance, this study analyzed corporate competitiveness compared to competitors and the number of CSR types in which companies participate. In addition, it intended to provide realistic implications and academic contributions to the performance management of venture companies by verifying whether differences in characteristics such as a company’s start-up business year, growth stage, and industry should be reflected in corporate performance management as control variables.

Suggested Citation

  • Boine Kim & Byoung-Goo Kim, 2021. "An Explorative Study of Korean Venture Companies: Do CSR and Company Competitiveness Improve Non-Financial and Financial Performance?," Sustainability, MDPI, vol. 13(23), pages 1-12, November.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:23:p:13106-:d:688756
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    References listed on IDEAS

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    3. Muhammad Sualeh Khattak & Muhammad Anwar & Thomas Clauß, 2021. "The Role of Entrepreneurial Finance in Corporate Social Responsibility and New Venture Performance in an Emerging Market," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 30(2), pages 336-366, September.
    4. Edward Nelling & Elizabeth Webb, 2009. "Corporate social responsibility and financial performance: the “virtuous circle” revisited," Review of Quantitative Finance and Accounting, Springer, vol. 32(2), pages 197-209, February.
    5. Taiyuan Wang & Pratima Bansal, 2012. "Social responsibility in new ventures: profiting from a long‐term orientation," Strategic Management Journal, Wiley Blackwell, vol. 33(10), pages 1135-1153, October.
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    Cited by:

    1. Boine Kim & Byoung-Goo Kim, 2023. "An Explorative Study of Resilience Influence on Business Performance of Korean Manufacturing Venture Enterprise," Sustainability, MDPI, vol. 15(9), pages 1-14, April.
    2. María Garrido‐Ruso & Luis Otero‐González & María‐Celia López‐Penabad & Pablo Durán Santomil, 2024. "Does ESG implementation influence performance and risk in SMEs?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4227-4247, September.
    3. Mehmet Civelek & Vladimír Krajèík & Vendula Fialova, 2023. "The impacts of innovative and competitive abilities of SMEs on their different financial risk concerns: System approach," Oeconomia Copernicana, Institute of Economic Research, vol. 14(1), pages 327-354, March.
    4. Zoltán Csedő & József Magyari & Máté Zavarkó, 2022. "Dynamic Corporate Governance, Innovation, and Sustainability: Post-COVID Period," Sustainability, MDPI, vol. 14(6), pages 1-21, March.

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