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기업지배구조와 고용관계-이해관계자 관점과 주주 관점의 비교와 향후 연구방향의 제언-

A Review on and Recommendations for the Relationship between Corporate Governance and Employment Relations - Stakeholder Perspective versus Shareholder Perspective -

김동주
한국기업경영학회 (Korean Corporation Management Association)|2008.12|기업경영연구 (Korean Corporation Management Review)|제15권 제3호|pp. 165-188

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참고문헌

키워드

기업지배구조고용관계Corporate GovernanceStakeholder Theory이해관계자이론이해관계자 관점Stakeholder Perspective주주 관점Employment RelationsShareholder Perspective
주제분류경영학

초록

본 연구의 목적은 기업지배구조와 고용관계에 관한 최근의 연구경향을 살펴보고, 기업지배구조의 특성을 주주 관점과 이해관계자 관점에서 비교한 후에 바람직한 향후의 연구방향을 제시하는 것이다. 구체적으로 본고에서는 1990년대 이후 여러 국가에서 증가하고 있는 주주 중심적인 기업지배구조로의 변화경향과 고용관계와의 관련성을 설명하기 위한 이론적 배경으로서 기존의 두 이론적 흐름인 이해관계자 이론과 주주 중심 이론에 기반한 최근의 주요 연구들을 비교해 보았다. 특히 기존 연구들에서 찾아보기 어려웠던 기업수준에서의 기업지배구조와 고용관계 간의 관련성을 살펴보기 위해서 관련된 국내외 문헌들의 논의를 종합하고, 이에 기초하여 이해관계자(stakeholder) 관점과 주주(shareholder) 관점의 통합적 고찰을 통한 향후의 연구방향을 다음과 같이 제시하였다. 첫째, 기업지배구조와 고용관계간의 관련성을 연구하기 위해서는 국가수준의 연구 성과를 바탕으로 하여 국가 내 다양성을 고려한 기업 수준의 연구가 증대되어야 한다. 둘째, 환경변수 및 전략변수의 설정에 있어서 산업특성 및 한국의 역사적ㆍ제도적 특수성에 대한 고려가 필요하다. 셋째, 이해관계자 관점과 주주 관점의 통합적 고찰을 위해서는 기업지배구조 관련 변수들을 이해관계자지향성과 주주지향성의 범주로 구분하고 보다 다양화할 필요가 있다. 넷째, 주주이익보호제도와 종업원경영참여제도 간의 이익상충관계(trade-off)의 존부 및 기업성과에 대한 상호작용효과의 검증에도 주목할 필요가 있다. 이는 기업지배구조 연구에서 최근에 부각되고 있는 이해관계자 모델과 주주 모델의 혼재 내지는 융합화 현상이 우리나라에서는 어떻게 구현되고 있는가에 관해서 상당한 시사점을 줄 수 있을 것으로 생각된다

Abstract

It is certainly important that the relationship between the corporate governance and workplace employment relations has been a growing interest. Several studies suggest that the variation of corporate governance change employment relations in country level analysis. On the other hand the variation within country of corporate governance were not enough attention. Therefore the purpose of this paper are as follows. The relationship between corporate governance and workplace employment relations is reviewed drawing on the recent analysis and policy developments. And this paper considers researches on this topic with stakeholder perspective and shareholder perspective. Then recommendations on the relationship between corporate governance and workplace employment relations in South Korea are outlined, and it is suggested that these provide several opportunities for more advanced analysis in this area. The implication of this study is summarized as follows. First, firm level researches are required on the basis of implications in country level analysis to find the variation within country of the corporate governance and workplace employment relations. Second, characteristics of institution and industrial property of South Korea should be considered in abstracting strategy and environment factors as control variables. Third, this paper presents the integrative approach of two perspectives on corporate governance and employment relations. For executing the integrative research on the orientation of corporate governance, the empirical model and measurement should be more specified by considering recent studies using various proxy variables on stakeholder perspective and shareholder perspective. In conclusion this study suggest that there is a need to implement firm-level empirical analyses for searching the width and depth of the change in corporate governance orientation and employment relations.

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