Do ICT Investments Decrease Firm Size? A Firm-level Study on Manufacturing Sector
정보화투자가 기업고용규모에 미치는 영향 : 국내 제조업의 기업데이터를 중심으로
- 주제(키워드) Firm Size , ICT Capital Stocks , Transaction Cost Economics , Hausman-Taylor Instrument Variable (HT-IV) , 기업규모 , 정보화 자본스톡 , 거래비용 , 하우스만-테일러 도구변수(HT-IV) 추정
- 주제(기타) 사회과학
- 주제(기타) 경제학
- 주제(기타) 분야별경제
- 주제(기타) 정보통신/기술경제
- 설명문(URI) https://www.kci.go.kr/kciportal/ci/sereArticleSearch/ciSereArtiView.kci?sereArticleSearchBean.artiId=ART002565302
- 등재 KCI등재
- 발행기관 한국산업경제학회
- 발행년도 2020
- 총서유형 Journal
- URI http://www.dcollection.net/handler/ewha/000000169690
- 본문언어 한국어
- Published As https://doi.org/10.22558/jieb.2020.2.33.1.79
초록/요약
This paper examines the relationship between firm-level Information and Communication Technology (ICT) capital stocks and firm size with the dataset of Korean manufacturing companies from 1999 to 2018. Our research is focused on the interactions between the firm’s idiosyncratic characteristics and their investments in the ICT sector, with the endogeneity issue between firm size and the ICT capital stocks handled by the Hausman-Taylor Instrumental Variable regression analysis. The empirical results show that the aggregate manufacturing sector contracts firm size when there is one additional unit of ICT capital stocks accumulated, supporting the previous studies. Our findings imply that labor is substituted and that market transaction costs were reduced more than internal transaction costs by the increased amount of ICT capital stocks. Our empirical results support a negative relationship between ICT capital stocks of small and medium-sized enterprises (SME) and firm size. However, the degree of the negative relationship becomes weaker when it comes to larger businesses.
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