코로나19(COVID-19)와 제조기업의 유연근무제도 활용 여부: 전망 이론(Prospect Theory)을 중심으로

Today, the COVID-19 pandemic is accelerating digital transformation in all industries, leading to online education, telecommuting, and more. Therefore, this study looked at decision-making related to the use of flexible work arrangements in manufacturing companies in response to COVID-19. To explain decision-making in uncertain situations, research questions were presented based on prospect theory, and the Workplace Panel Survey (WPS) data from the Korea Labor Institute were used for empirical analysis. First, to verify prospect theory, the relationship between management performance and risk preference was analyzed for manufacturing companies, and a U-shaped relationship existed between management performance and risk preference. That is, based on the reference point, it was found that management performance in the loss area had a negative effect on risk preference, and management performance in the profit area had a positive effect on risk preference. Next, the relationship between management performance and the use of flexible work arrangements after the outbreak of COVID-19 was also analyzed for manufacturing companies. Looking at the results of the analysis, it was found that management performance in the loss area based on the reference point had a negative effect on the use of flexible work arrangements. This means that there is a difference in the relationship between management performance and the use of flexible work arrangements based on the reference point in manufacturing companies, and it can be confirmed that prospect theory is supported. This study suggests that strategic choices to avoid or take risks may vary depending on management performance of manufacturing companies. In addition, the results of this study can be used to determine the strategic direction of a company in response to changes in the future environment.