Flexible Work Arrangements and Financial Performance in Korea

H. Choi, Hyunjee Park
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Abstract

Purpose - The purpose of this paper is to verify the effectiveness of various types of flexible work arrangements and to provide implications on financial performance. This study further examined the effects of flexible work arrangements on firm performance depending on the size of firms. Design/Methodology/Approach - Using the panel data collected from 2016 to 2018, the study performed multiple regression analyses to analyze the effects of introduction and practical utilization of flexible work arrangements on firm performance, respectively. This study used the panel data of flexible work arrangements from the Korean Women Manager Panel Survey by the Korean Women's Development Institute. Findings - We found that firm performance was not enhanced by mere introduction of flexible work arrangements. The empirical results provided evidence that the utilization of work from home positively affected firm performance, while the other flexible work arrangements did not have significant effects on firm performance. The findings were more evident in smaller companies, where the utilization of work from home was positively related to firm performance, and flexi-time was negatively related. For larger companies, flexible working hour utilization was positively related to firm performance. Research Implications - The use of flexible working hours could be of help for larger companies with relatively more rigid culture. Flexi-time utilization could sacrifice financial performance for smaller firms, implying that having core hours might be more crucial for these companies to prevent potential communication problems. The use of work from home may benefit smaller companies with relatively more compact teams or a simpler structure.
灵活的工作安排和在韩国的财务表现
目的-本文的目的是验证各种类型的灵活工作安排的有效性,并提供对财务绩效的影响。本研究进一步考察了弹性工作安排对公司绩效的影响,这取决于公司的规模。设计/方法/方法-使用2016年至2018年收集的面板数据,本研究进行了多元回归分析,分别分析了灵活工作安排的引入和实际使用对公司绩效的影响。本研究采用韩国妇女发展研究院“韩国女性经理小组调查”中的弹性工作制小组数据。研究结果-我们发现,仅仅采用灵活的工作安排并不能提高公司的绩效。实证结果表明,利用在家办公对企业绩效有积极影响,而其他灵活的工作安排对企业绩效没有显著影响。这一发现在较小的公司中更为明显,在这些公司中,在家工作的利用率与公司绩效呈正相关,而弹性工作时间则呈负相关。对于较大的公司,弹性工作时间的利用与公司绩效呈正相关。研究启示-弹性工作时间的使用可能对文化相对僵化的大公司有所帮助。灵活工作时间的利用可能会牺牲小公司的财务表现,这意味着对这些公司来说,拥有核心工作时间可能更重要,以防止潜在的沟通问题。使用在家办公可能会使团队相对更紧凑或结构更简单的小公司受益。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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