식품제조업의 경영성과에 영향을 미치는 요인 분석

The Analysis on the Determinants of Management Performance of Food Processing Industry

This study is designed to analyze the determinants of management performance of Korean food Processing industry, using firm+-level financial statements data. The quantile regression method is applied to analyze the factors affecting management performance for each conditional quantile of food processing firms The results show that differences in asset size, labor equipment ratio, and intangible asset such as advertising intensity and R&D expense explain the gap of management performance across quantile group, The results revealed that the following measures are needed to enhance the management per- formance of the food manufacturing industry: First, it is necessary to come up with a plan to ex- pand the size of small business entities (in terms of asset size or the number of employees )to in- crease the effect of the economy of scale for the food manufacturing industry. Second, in addition to facility investment, it is necessary to provide variable input-related support to small-and me- dium-sized food manufacturers so that they can smoothly cope with the changing demand in the market, Third, it is also necessary to come up with joint advertisement programs to help small and medium businesses save production costs, Lastly, it will bc necessary to come up with a con- tenuous investment plan for research and development for the enhancement of management in the food manufacturing industry.