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CEO’s Political Connection and Organization Efficiency: Evidence from Public Institutions in Korea

Title
CEO’s Political Connection and Organization Efficiency: Evidence from Public Institutions in Korea
Authors
Shin H.Ahn J.-Y.
Ewha Authors
안지영
SCOPUS Author ID
안지영scopus
Issue Date
2021
Journal Title
Public Organization Review
ISSN
1566-7170JCR Link
Citation
Public Organization Review
Keywords
Organizational efficiencyPolitical connectionsPublic institutionsSouth KoreaState owned enterprises (SOEs)
Publisher
Springer
Indexed
SCOPUS scopus
Document Type
Article
Abstract
This paper investigates whether political connection of Chief Executive Officer (CEO) in public institutions is associated with organization efficiency. We utilize two types of public institutions in Korea, state-owned enterprises (SOEs) and quasi-governmental organizations (QUANGOs). Using the Data Envelopment Analysis (DEA), we find that CEOs with political connection are positively related to organization efficiency. Specifically, such association is largely driven by QUANGOs whose revenue resource is fully funded and owned by the government. It implies that politically connected CEOs can improve firm efficiency when the organizations are financially dependent on the government and are under its stringent monitoring by government. © 2021, The Author(s), under exclusive licence to Springer Science+Business Media, LLC part of Springer Nature.
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DOI
10.1007/s11115-020-00497-y
Appears in Collections:
경영대학 > 경영학전공 > Journal papers
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