재활용기업의 처리공정에 따른 경제성 분석:폐합성수지 산업을 중심으로Process Choice and Firm Performance in the Recycling Industry: An Empirical Investigation of Plastic Recycling Firms in Korea
- Other Titles
- Process Choice and Firm Performance in the Recycling Industry: An Empirical Investigation of Plastic Recycling Firms in Korea
- Authors
- 이윤숙; 이남경; 신호정
- Issue Date
- 2014
- Publisher
- 한국경영과학회
- Keywords
- Recycling Industry; Recycling Process; Firm Performance; Plastics; Hierarchical Regression
- Citation
- 경영과학, v.31, no.1, pp.1 - 15
- Indexed
- KCI
- Journal Title
- 경영과학
- Volume
- 31
- Number
- 1
- Start Page
- 1
- End Page
- 15
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/99986
- DOI
- 10.7737/KMSR.2014.31.1.001
- ISSN
- 1225-1100
- Abstract
- As the scarcity of natural resources has become apparent, the recycling industry has emerged as a promising one for its growth potential. Yet, the recycling industry still remains undeveloped and inefficient for various reasons. In this study, we focus on firms' recycling processes to understand the current status of recycling firms' value creation activities. With respect to the adopted recycling processes, we empirically investigate the differences in firm characteristics and firm performance. We use the data from Keco (Korea Environment Cooperation) which annually conducts a survey of recycling firms in Korea. We exclusively consider the whole group of plastic recycling industry in order to control for a possible bias in firm performance, stemming from the heterogeneity in processing and recycling of materials other than plastics. We review the descriptive statistics from the sample firms and conduct a series of hierarchical regression analyses. The results show that most of the firms in this industry adopt physical transformation processes with a low-level technology. These firms with physical transformation processes are smaller in size and produce entry level items which do not secure higher margins. The results indicate that the recycling industry largely comprises low value added firms which lack economies of scale and resources for R&D. For the stable growth of the industry, recycling firms must create sustainable values through implementation of technology-driven processes and improvement in product quality. In addition, the government should help build a reliable reverse logistic network, lower the entry barriers, and provide necessary funding for the SMEs in the recycling industry.
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Collections - Korea University Business School > Department of Business Administration > 1. Journal Articles
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